“That’s not the currency of the future—that’s a giant multi-level marketing scheme. Broadly defined, multi-level marketing schemes work by creating a structure where people are recruited and then incentivized to recruit new members…”
David Ryan Polgar, Tech Ethicist · Bitcoin since: +560%
As published by Quartz
A little perspective.
Bitcoin on that day$10,310February 28, 2018
$100 at that price$659.81At our latest price check
Illustrative value using a Bitcoin price of $68,024, checked Nov 13, 2026, 11:13 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Cryptocurrency Is A Giant Multi-Level Marketing Scheme” — David Ryan Polgar, Quartz, February 28, 2018. Bitcoin: $10,309.64. https://bitcoindeaths.com/posts/2018-02-28-cryptocurrency-is-a-giant-multi-level-marketing-scheme