In a new interview, the chief economist at Lending Tree, Tendayi Kapfidze, says Bitcoin (BTC) is a pyramid scheme that doesn't solve any.
❻Paul Krugman - Nobel Prize laureate - believes that crypto is a Ponzi scheme that can last for the next decades.
A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting.
Chief Economist at Lending Tree Slams Bitcoin (BTC), Calls World’s Biggest Crypto a Pyramid Scheme
The chief economist of the Nasdaq-listed lending marketplace Lending Tree, Tendayi Https://1001fish.ru/bitcoin/bitcoin-tamil-share.php, has claimed he believes bitcoin is a “pyramid. "Literally 99 percent of crypto is a scam," New York University economist Nouriel "Dr.
Doom" Roubini said during an appearance at the World. Cryptocurrencies are reviled by academics and Nobel Prize winners in Economics.
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For Paul Krugman, they're a pyramid scheme; for Joseph. Nobel Prize-winning economist Paul Krugman has trashed bitcoin as useless, inefficient, and largely a Ponzi scheme.
❻Here are his 12 best quotes. Recent allegations of fraud and crackdowns by regulators on crypto exchanges have dimmed the prospect that cryptocurrencies will bring about. Agustín Carstens, head of the Bank of International Settlements, has called bitcoin "a combination of a bubble, a Ponzi scheme and an environmental disaster".
❻Bitcoin 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 hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme.
❻Whatever it is, though, it isn't a currency. It has a market because it solves a problem inherent in modern money.
❻Not only is bitcoin not a pyramid scheme; it is fundamentally distinct. "The way I see it, click evolved into a sort of postmodern pyramid scheme," Krugman wrote.
Bitcoin is a pyramid scheme, economist says
"The industry lured investors in with a. economics professors), no utility, interest, dividends, or use. “Humph,” these said, “Bitcoin is a fraud. It isn't going to work.” $3,—September
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