{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2018-11-26-the-bitcoin-pyramid-scheme-continues-to-collapse","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2018-11-26-the-bitcoin-pyramid-scheme-continues-to-collapse","title":"The Bitcoin ‘Pyramid Scheme’ Continues To Collapse","quote":"Bitcoin, while not officially a product of traditional Wall Street, is a pyramid scheme. A fraud. But it is best described as a “confidence game.” I’ve been calling it a “bitcon” for a long time. And now the pyramid seems to be collapsing because fewer and fewer people have confidence that the price of this inherently worthless “cryptocurrency” is going to continue to rise.","person":"John Crudele","jobTitle":"Columnist","publication":"NYPost","statementDate":"2018-11-26","bitcoinPriceUsd":3761.42,"addedOn":null,"updatedOn":null,"citationUrl":"https://bitcoindeaths.com/posts/2018-11-26-the-bitcoin-pyramid-scheme-continues-to-collapse","sourceUrl":"https://nypost.com/2018/11/26/the-bitcoin-pyramid-scheme-continues-to-collapse/","archiveUrl":"https://web.archive.org/web/20181127064924/https://nypost.com/2018/11/26/the-bitcoin-pyramid-scheme-continues-to-collapse/"}]}