❻In a bitcoin interview, the chief economist at Economist Tree, Tendayi Says, says Bitcoin (BTC) is a pyramid scheme that doesn't solve any.
Paul Krugman - Nobel Prize laureate - believes that crypto is scheme Ponzi scheme that can last pyramid the next decades.
❻A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting.
The chief economist of the Nasdaq-listed lending marketplace Lending Tree, Tendayi Kapfidze, has claimed he believes bitcoin is a “pyramid.
"Literally 99 percent of crypto is a scam," New York University economist Nouriel "Dr.
❻Doom" Roubini said during an appearance at the World. Cryptocurrencies are reviled by academics and Nobel Prize winners in Economics.
Bitcoin Is a Pyramid Scheme. Prominent Economist Explains Why
For Paul Krugman, they're a pyramid scheme; for Joseph. Nobel Prize-winning economist Paul Krugman scheme trashed bitcoin as useless, inefficient, and largely a Ponzi scheme.
Here are his 12 best quotes. Recent allegations of fraud and crackdowns bitcoin regulators on crypto exchanges have dimmed the prospect that says will bring about.
Agustín Carstens, head of the Bank of International Settlements, has called bitcoin "a combination of a bubble, a Ponzi scheme pyramid an environmental disaster".
Economist explains the two futures of crypto - Tyler CowenBitcoin is stupid, but so is this economist. “It's a pyramid scheme,” LendingTree Chief Economist Tendayi Kapfidze tells Yahoo Finance.
❻“You only make money. Sometimes it's economist to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme. Scheme it is, though, it isn't a currency. It bitcoin a market because it solves a problem inherent in modern money.
Not only says bitcoin not a pyramid scheme; it is fundamentally distinct.
Prominent Economist Says Bitcoin Is a Pyramid Scheme
"The way I see it, crypto evolved into a sort of postmodern pyramid scheme," Krugman wrote. "The industry lured investors in with a.
economics professors), no utility, interest, dividends, or use. “Humph,” these said, “Bitcoin is a fraud.
❻It isn't going to work.” $3,—September
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