#7 – Bitcoin Is An Unfounded Fad And A Pyramid Scheme

kryptonaut (57)in #bitcoin • 7 years ago (edited)

This post is part of a larger series of post titled
The Top 10 Cryptocurrency & Bitcoin Misconceptions | Misunderstandings | Concerns | Perceptions | Criticisms in 2017

Billionaire Howard Marks, earlier this year claimed Bitcoin is

“In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will pay for it,”

Jamie “Bitcoin Hater” Dimon used to cite Marks remarks but has now moved to the #2 argument on my list after Marks changed his opinion on cryptocurrencies.

There isn’t much to say about this argument except that it is dropping fast on my rankings list as anyone at the end of 2017 that thinks that Bitcoin and the cryptocurrency boom is just a fad, and pyramid scheme, is just looking to lose a debate.

Traversing the Cryptosphere,
Kryptonaut

#cryptocurrency #blockchain #crypto #technology

7 years ago in #bitcoin by kryptonaut (57)

Sort:

minnowpond (62) 7 years ago

@driva has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

            To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
            To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
            To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

$0.00

STEEM 0.17

TRX 0.15

JST 0.028

BTC 56677.48

ETH 2329.02

USDT 1.00

SBD 2.36

#7 – Bitcoin Is An Unfounded Fad And A Pyramid Scheme

Coin Marketplace