Rickards: ‘Bitcoin is a Ponzi Scheme’



Bitcoin has been in existence for all of eight years but a debate is raging in the investing community: Is the cryptocurrency actually useful beyond just being a vehicle for speculation? At…

40 Comments

  1. Adult time
    Social media infancy can die today
    Repeat this message on every social media platform as fast as possible
    Then wake up tomorrow to a brighter day
    Everyone should pay attention to "cryptocurrency"
    Blockchain technology
    Initial coin offerings and the protocols they are laying the foundation for Internet 2.0
    If he and others are successful in combinations with the "tokomak reactor" well as 3d printing and creating massive wind turbines placed really high. Check out how strong they can make this. Its a good way to gauge the time frame. Of this change. Think lots of energy and wireless charging or your phones at massive scale.
    Lots of new businesses and lots of new ideas are possible, happening and been in play for awhile.
    MY POINT
    Dont think bitcoin is AMWAY or a pyramid scheme.
    What happen was a heap of geeks thought lets do this thing we created back in the 90's but had no hope for world wide establishment due to "the need of the above advancemengs being succesful as well as an energy solution
    Tokomak reactor" or the wind turbines so enormous and placed really high where the wind is stronger. 3d printing is responsible for that one.
    Plus not to sure. Some dodgy ass large hedron collider experiments that fluked away to generate matter. Hmm bit controversial. But perfect for 3d printing. Lol 🤔🤣
    Nah. Its more or less. Plastics
    I highly reccomend finding out for yourself if your not lads.
    Money to be made.
    Wish I knew more

    Hense why everyone should pay attention to cryptocurrency
    Blockchain technology
    Initial coin offerings and the protocols they are laying the foundation for Internet 2.0
    If he and others are successful in combinations with the "tokomak reactor" well as 3d printing and creating massive wind turbines placed really high. Check out how strong they can make this. Its a good way to gauge the time frame. Of this change. Think lots of energy and wireless charging or your phones at massive scale.
    Lots of new businesses and lots of new ideas are possible, happening and been in play for awhile.
    MY POINT
    Dont think bitcoin is AMWAY or a pyramid scheme.
    What happen was a heap of geeks thought lets do this thing we created back in the 90's but had no hope for world wide establishment due to "the need of the above advancemengs being succesful as well as an energy solution
    Tokomak reactor" or the wind turbines so enormous and placed really high where the wind is stronger. 3d printing is responsible for that one.
    Plus not to sure. Some dodgy ass large hedron collider experiments that fluked away to generate matter. Hmm bit controversial. But perfect for 3d printing. Lol 🤔🤣
    Nah. Its more or less. Plastics
    I highly reccomend finding out for yourself if your not lads.
    Money to be made.
    Wish I knew more
    IF I do this enough do I win or something whats going on with all the crazy internet use, hacking and wanting the most likes and shit. Can't wait till this is all out of its infancy.. NO clue who is telling the truth anymore is there people. Adult time.. Nearly need a degree in internet use. Standard contract. Why be a dick when we have the tech to literally save the planet. Feels good cleaning your bloody kitchen.
    1 second ago
    Get it done you wonderful geniuses out there . 'YOU CAN DO IT ELON'
    The little engine that could
    The story's signature phrases such as "I think I can" first occurred in print in a 1902 article in a Swedish journal. An earlier published version of the story, "Story of the Engine That Thought It Could", appeared in the New-York Tribune on April 8, 1906
    Show less

  2. Blockchain wouldnt be here without bitcoin, everyone is punching bitcoin, and can totally see why.. but dont forget that its the tech thats the REAL shit, blockchain can be used for everything digital, without manipulation and trickery, and with much needed transparancy 😉

  3. BITCONNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT

  4. These fuckwits keep saying Bitcoin is only for criminals…..what about Wall Street and central banks? They are the biggest criminals in in the financial world. Have a debate with John Mcafee….he will tear these guys up.

  5. ermmm what about the subprime mortgage and money laundering for the Gulf cartel by HSBC? Those were crimes of the century not done in bitcoin but in USD!! and falsifying accounts done by Enron, wouldnt be possible on a blockchain ledger. So stfu on ur high horse and swallow ur pride, embrace change!!!

  6. Agree…Bitcoin is just a sophisticated/new version of fiat which has no intrinsic value whatsoever. They've even tried to market Bitcoin like gold as if its a safe haven alternative and an entity outside of current financial systems. I don't believe that for a minute..beware!.. this is just a disguised extension of the central bank octopus. It will be pumped up to get the lemmings on board (and out of gold) especially when the S&P becomes unstable and the end to this financial fiasco approaches. But just like the S&P you are never in control and it will be crashed on demand and you will be fleeced by those in power. Avoid this new addition to the casino and buy gold.

  7. Crypto trading will go down as the biggest heist in human history. The ponzi scheme of the century that reached a global level, only achievable in this new era of internet and social media. It was the perfect scam, a pump and dump that lasted nearly a decade. This small group of criminals who got into crypto early have been manipulating the market for years stealing and banking in FIAT trillions of dollars along the way. This group of young, highly intelligent, tech savy people have been extremely persuasive pitching these worthless crypto coins to the public. I mean how can you not trust tech right? Anyone who has attempted to stand up to them has been ripped apart and ridiculed. Very reminiscent of the 2007-2008 housing bubble. At some point in the near future we will all sit back and laugh about crypto scam that had the entire world brainwashed. I give crypto trading only months to live at this point, they will soon be undoubtedly banned and criminalized all over the world.

  8. The biggest scam in the world is our current financial system, protected by wall street and the bankers under the watchful eye of the federal reserve. Join the bitcoin revolution now to stop their monopoly on money!

  9. Isn't FIAT currency a Ponzi scheme , backed by what ?????? #$%^ all that's what endlessly printed … at least the MIGHTY BITCOIN has FINITE cap that's what makes it rare like GOLD limited supply , it's unique , it's special , it's BITCOIN .

  10. lol what a fool this man is . if its a ponzi scam then tell me why has American express, royal bank of Canada , Japanese banks and the federal reserve jumped on board?? this idiot is the one of the many scammers that doesnt want you to get ahead

  11. Bitcoin is not a ponzi scheme. Its a fucking cargo cult. I have no sympathy with btc acolytes who are now crying in a corner cuz they bought this crap last December when the smart money was taking profit and getting tfo.

  12. Bitcoin is a Chinese scam that will transfer the worlds wealth to China. 80-90% of all bitcoins are mined in China with the latest and most profitable hardware. Look at the facts. Not only is bitcoin not worth anything, it's based on the destruction of mostly coal power. Energy the planet will never see again. A bitcoin wallet represents nothing but a real world BURDEN of future energy consumption for transactions. No intrinsic value, bitcoin is NEGATIVE value!

    BTC fails on everything it promises; It is NOT decentralized – it is re-centralized to a hand full of Chinese profiteers, it is not safe – millions have been lost in hacking, it is not sustainable – barely a fringe currency and drawing more power than small countries… BTC will never free the people from governments or taxes or wealthy elites. Is BTC ever going to subsidize the utilities that it LEACHES from? Power utilities are investing billions in green energy like solar and wind because they know coal will soon run out. BTC fanatics are burning it up like it's endless. Like global warming isn't a thing.

    Greedy unethical people invest in BTC in hopes of getting rich for nothing. The few people in this world who do get rich from nothing, do it at the expense of thousands or millions of other hard working people. It's called taking advantage of people. They hate the 1%ers but want to get rich for nothing!? BTC is a greedy unethical unsustainable parasitic lottery currency SCAM!!!

  13. The criminals at Goldman, Chase and HSBC use USD(like most common criminals).. and jimmy dimon's financial interests are greater than any bitcoin miner.

  14. 'Morally and ethically is that the system you want to join?' Well fuck me! Have we forgotten about 2008 already? Millions of peoples' homes, pensions, and savings wiped out, whilst the filthy scum bankers got away Scott free with massive bonuses and 100's of billions of taxpayers money. Un-fucking-believable.

    Also, fuck your 'tax evasion' nonsense. The 16th amendment(income tax bill) was never ratified by majority states. Income tax collection on labour is an unconstitutional and illegal activity by the IRS. Show me the law in black and white that requires U.S citizens to pay income tax on their labour.

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