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Economist Brands Bitcoin a “Scam” and “Ponzi Scheme” on Yahoo Finance

Economist Brands Bitcoin a “Scam” and “Ponzi Scheme” on Yahoo Finance – Ethereum World News

For the longest time, critics of Bitcoin have questioned if the cryptocurrency is a Ponzi-like/pyramid scheme. Wikipedia defines a “Ponzi scheme”: A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.