Hong Kong Gadfly Calls Bitcoin a “decentralized Ponzi Scheme”
David M. Webb, Hong Kong’s most influential market gadfly, has dismissed crypto-currencies, which have roiled markets with their phenomenal rise in value over the past few weeks, as “the world’s first decentralized Ponzi scheme.”
In the Dec.14 edition of his blog, Webb-site.com, Webb argues that “so long as we have governments with the power to tax and s…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.