UCLA Faculty Voice: Bitcoin Is An Energy-Wasting Ponzi Scheme
UCLA
"Digital currencies, in their current form, should be prohibited by law. And not because they are a Ponzi scheme (which they are), and not because they can help facilitate criminal activity (which they do), but because they incur colossal social waste…."
— Ivo Welch
Professor, UCLA
BTC price when published:
$5,518.85
Current BTC price:
$86,668.85
Price change:
+1470.42%