Author

Topic: [2014-02-26] Bruce Richards Deems Bitcoin a Fraud and Ponzi Scheme (Read 1704 times)

newbie
Activity: 24
Merit: 0
There are a lot of other "Richards" who are making total fools outta themselfs. hundreds interviews are awful
sr. member
Activity: 329
Merit: 250
lol Is this guy for real

Bruce Richards = Moron when it comes to bitcoin. he should stick to commenting on what he knows and what he doesn't know.
The bitcoin community should stamp out this Moron (Bruce Richards)

I feel like finding his twitter page as saying sir you is a #Moron when explaining bitcoin

the guy did nothing but make a total fool outta himself in front of the world lol

hmmm video is back http://www.bloomberg.com/video/bruce-richards-on-bitcoin-housing-market-ukraine-mxggUlf5TH~zd4xwc4ekHA.html/
The lady gets it though....
full member
Activity: 280
Merit: 100
lol Is this guy for real

Bruce Richards = Moron when it comes to bitcoin. he should stick to commenting on what he knows and what he doesn't know.
The bitcoin community should stamp out this Moron (Bruce Richards)

I feel like finding his twitter page as saying sir you is a #Moron when explaining bitcoin

the guy did nothing but make a total fool outta himself in front of the world lol
full member
Activity: 216
Merit: 100
lol Is this guy for real

Bruce Richards = Moron when it comes to bitcoin. he should stick to commenting on what he knows and what he doesn't know.
The bitcoin community should stamp out this Moron (Bruce Richards)

I feel like finding his twitter page as saying sir you is a #Moron when explaining bitcoin
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Wow,he's in charge of a hedgefund Huh  WTF is the world coming too  Roll Eyes

Here's the video:

http://www.bloomberg.com/video/bruce-richards-on-bitcoin-housing-market-ukraine-mxggUlf5TH~zd4xwc4ekHA.html/

Bruce Richards, co-founder and chief executive officer of Marathon Asset Management...anyone using these guys for their finances needs their head examined.

He can't even speak intelligently & trys using BIG words  Cheesy Cheesy

it seems the video is no longer avaliable..

Indeed it is not.

Someone thought it best to salvage the guy's reputation.
legendary
Activity: 1202
Merit: 1015
Wow,he's in charge of a hedgefund Huh  WTF is the world coming too  Roll Eyes

Here's the video:

http://www.bloomberg.com/video/bruce-richards-on-bitcoin-housing-market-ukraine-mxggUlf5TH~zd4xwc4ekHA.html/

Bruce Richards, co-founder and chief executive officer of Marathon Asset Management...anyone using these guys for their finances needs their head examined.

He can't even speak intelligently & trys using BIG words  Cheesy Cheesy

it seems the video is no longer avaliable..
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Failometer over 9000
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Is it just me, or is this guy drunk? He's having a hard time with words, his eyes look bloodshot, red cheeks, etc. His tie isn't even on right, lol. And people give him money to invest?

He just doesn't know what he's talking about so finds it difficult to bullshit articulately without just lazily slandering it by comparing it to a ponzi or tulip bulbs etc.
hero member
Activity: 520
Merit: 500
Is it just me, or is this guy drunk? He's having a hard time with words, his eyes look bloodshot, red cheeks, etc. His tie isn't even on right, lol. And people give him money to invest?
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Yeah, that guy comes off as just an ignorant tool.

He called it a fad, and a fraud, and a ponzi scheme, and said it won't have a place in history. He wasn't even wanting to address the idea of whether the concept of cryptocurrencies might be viable, and might survive Bitcoin. He just wanted to dog on Bitcoin and disparage it as much as possible. In his mind, it's less than used toilet paper.

I'm betting not only did the guy make it to where he is through social connections rather than real skill or talent, but that he's incapable of programming a VCR without assistance.



sr. member
Activity: 868
Merit: 250
Quote
... investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation....[Wikipedia]

.... matches any government which runs a deficit.



hero member
Activity: 658
Merit: 500
Wow,he's in charge of a hedgefund Huh  WTF is the world coming too  Roll Eyes

Here's the video:

http://www.bloomberg.com/video/bruce-richards-on-bitcoin-housing-market-ukraine-mxggUlf5TH~zd4xwc4ekHA.html/

Bruce Richards, co-founder and chief executive officer of Marathon Asset Management...anyone using these guys for their finances needs their head examined.

He can't even speak intelligently & trys using BIG words  Cheesy Cheesy

Actually avg ppl are deceived completely that hedge fund managers are some financial investment wizards..... They're not. Most of them have inside information on what sectors to invested in. Some even got "scammed" and burst.... however the risks are on their clients.

To me, those dickheads are just part of an "VIP" club that control this world. They use money to lobby politicians and make killing while avg persons are working as slaves.

legendary
Activity: 2212
Merit: 1001
Wow,he's in charge of a hedgefund Huh  WTF is the world coming too  Roll Eyes

Here's the video:

http://www.bloomberg.com/video/bruce-richards-on-bitcoin-housing-market-ukraine-mxggUlf5TH~zd4xwc4ekHA.html/

Bruce Richards, co-founder and chief executive officer of Marathon Asset Management...anyone using these guys for their finances needs their head examined.

He can't even speak intelligently & trys using BIG words  Cheesy Cheesy
full member
Activity: 280
Merit: 100
Quote
Would you believe that a shoe maker knows more about fixing clothes than a tailor? Apparently, Bruce Richards of Marathon Asset Management would, as he, who doesn’t know what Bitcoin is, was seen on Bloomberg Television’s “Market Makers” explaining what Bitcoin is and how he feels about it.

After seeing the interview, it is clear that Bruce Richards doesn’t know much about Bitcoin. In fact, Richards deems Bitcoin as a fraud, and even a ponzi scheme. Besides spouting out biased and clearly wrong information about Bitcoin, Richards also does not seem to understand what a Ponzi scheme is.

Things morons call Bitcoin:

Ponzi - check
Tullip bulbs - check.
A fad - check

What an idiot. He really doesn't know what he's talking about. Clearly he's no economist. If Bitcoin is a Ponzi then so is the stock market.

I like the female hosts views though.



lol i liked how the female host was like how she's gotten to start liking bitcoin.. richard's face was like "wtf bitch?"
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Quote
Would you believe that a shoe maker knows more about fixing clothes than a tailor? Apparently, Bruce Richards of Marathon Asset Management would, as he, who doesn’t know what Bitcoin is, was seen on Bloomberg Television’s “Market Makers” explaining what Bitcoin is and how he feels about it.

After seeing the interview, it is clear that Bruce Richards doesn’t know much about Bitcoin. In fact, Richards deems Bitcoin as a fraud, and even a ponzi scheme. Besides spouting out biased and clearly wrong information about Bitcoin, Richards also does not seem to understand what a Ponzi scheme is.

Things morons call Bitcoin:

Ponzi - check
Tullip bulbs - check.
A fad - check

What an idiot. He really doesn't know what he's talking about. Clearly he's no economist. If Bitcoin is a Ponzi then so is the stock market.

I like the female hosts views though.

full member
Activity: 280
Merit: 100
who is this joker Richards... he made a total fool outta himself in that interview
https://coinreport.net/richards-deems-bitcoin-fraud-ponzi-scheme/
Jump to: