Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another

“Bitcoin, in other words, is suffering a deleveraging shock like the one that our economy in 2008, but without a Federal Reserve to cushion the blow. That means this doom loop of debt and Bitcoin deflation could take prices down a lot further still. The only solace is that, in the long run, the system should self-correct, as miners drop out and mining gets easier.

But in the long run, we’re all dead, and Bitcoin might be too.“

Zie ‘Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another‘.

16-01-2015 7.00 | Door: Stommeling Jones | Categorie: Computerij, Losse skakels