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Hong Kong Gadfly Calls Bitcoin a “decentralized Ponzi Scheme”
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Hong Kong Gadfly Calls Bitcoin a “decentralized Ponzi Scheme”

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Asia Sentinel
Dec 16, 2017
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Hong Kong Gadfly Calls Bitcoin a “decentralized Ponzi Scheme”
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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…

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