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Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!

CryptocurrencyMar 05, 2021 04:00PM ET
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Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!

Does Bitcoin meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi.

Similar to other Bitcoin skeptics, Stolfi repeatedly defined Bitcoin as a Ponzi scheme. The core of his argument is that Bitcoin doesn’t produce any cash flows and the money with which Bitcoin investors are paid comes exclusively from new investors buying Bitcoin.

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Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!
 

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Comments (2)
Tony allen
Tony allen Apr 05, 2021 12:36PM ET
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While investing in bitcoins, be cautious. If your bitcoin gets stolen, then it can be a very frustrating time but instead of getting frustrated, it is important to act fast so that you can get your money back. Unluckily, there are many victims that do not get their money back because it is very hard to track down the people behind it. The thief is either in another country or using fake identities. But in some cases, it is easy to track the person who has stolen your bitcoin. Tracing bitcoin is not hard for the bitcoin forensics or specialists. You can reach out to FightingscamsATaolDTcom for more enquires.
Viking Fire
Viking Fire Mar 06, 2021 1:37AM ET
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I literally get nothing when i buy a stock certificate. Technically its not even owning a piece of a company anymore and the price had no real relation to the company. So, well, its basically crypto by itself.
 
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