Bitcoin Is Dead

January 14, 2015
Bitcoin Price: $177.28

BITCOIN REVEALED: A PONZI SCHEME FOR REDISTRIBUTING WEALTH FROM ONE LIBERTARIAN TO ANOTHER

If Bitcoin were a currency, it’d be the worst-performing one in the world, worse even than the Russian ruble. But Bitcoin isn’t a currency. It’s a Ponzi scheme for redistributing wealth from one libertarian to another. . . . But in the long run, we’re all dead, and Bitcoin might be too.

Economics Reporter, The Washington Post


Source: The Washington Post