Crypto currencies

Is Bitcoin the scam of all times?

2018-04-25 17:04 #0 by: Niklas

Bill Harris, founder of PayPal writes:

”In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.”

What do you think, will we look back a couple of years from now and consider the tulip hysteria the second most significant crash of all times?

Bitcoin is the greatest scam in history - Recode

(Photo by Zach Taiji at Unsplash)

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2018-04-26 19:42 #1 by: jordan

I think that the way cryptocurrencies were presented as the future in payment is no longer likely, but I do think that in a few years they will continue to be around as some sort of trading tool if they maintain value.

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