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Topic: Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post - page 3. (Read 4221 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Yeah, I thought she'd be a really wild lay. lol

... i'd have to agree. Grin
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Yeah, I thought she'd be a really wild lay. lol
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
you liked cher  really?

You think that's crazy, some people actually like Barbra Streisand's music.  Undecided
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
you liked cher  really?
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Or they're used up old fools milking the last dollar out of their previous successes. Kind of like Cher.

Oooh, burn.... poor Cher, I still regard her as kind of "with it" since she pioneered use of  autotune. http://en.wikipedia.org/wiki/Believe_%28Cher_song%29

However, I guess even that was a long time ago now.

I used to like Cher and The Washington Post. Now they're both just kind of embarrassing.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
the washington post will be accepting btc/crypto one way or another.
legendary
Activity: 2226
Merit: 1052
Not looking good from the mainstream media's POV.

Quote
Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another

bla... bla... bla...


more here...  http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/14/bitcoin-is-revealed-a-ponzi-scheme-for-redistributing-wealth-from-one-libertarian-to-another/



The bottom line is Amazon is afraid of Bitcoin.
Q7
sr. member
Activity: 448
Merit: 250
Anything in order to get people's attention to read the news...
legendary
Activity: 1106
Merit: 1000
Not looking good from the mainstream media's POV.

Quote
Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another

If Bitcoin were a currency, it'd be the worst-performing one in the world, worse even than the Russian ruble.

But Bitcoin isn't a currency. It's a Ponzi scheme for redistributing wealth from one libertarian to another. At least that's all it is right now. One day it could be more. Venture capitalists, for their part, are quick to point out that it's really a protocol, like the early internet, and its underlying technology could still be revolutionary. Also, they've bet hundreds of millions of dollars on it.

But that's not much of a consolation to anyone who bought anywhere near Bitcoin's $1,100 top. Or near $1,000, or $900, or $800, or, well even yesterday's prices. That's because Bitcoin hasn't just fallen 76 percent the past year. It's fallen 36 percent the past two days, as you can see below, with a 24 percent decline the past 24 hours. It's too bad Bitcoin doesn't have a central bank to help stabilize its value.


more here...  http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/14/bitcoin-is-revealed-a-ponzi-scheme-for-redistributing-wealth-from-one-libertarian-to-another/




Then they fight you, then you win..
hero member
Activity: 518
Merit: 500
Hodl!
Or they're used up old fools milking the last dollar out of their previous successes. Kind of like Cher.

Oooh, burn.... poor Cher, I still regard her as kind of "with it" since she pioneered use of  autotune. http://en.wikipedia.org/wiki/Believe_%28Cher_song%29

However, I guess even that was a long time ago now.
newbie
Activity: 49
Merit: 0
Bitcoin is a state of mine. If you want to negative that's you choice.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
As in "We can't even get our head round the end of dead tree publishing, and now money is on electronic calculating engines? Excuse us while we chortle into our single malt at the carriage club."

The Washington Post just fails to respect the authoritah of Lemmiwinks.

Or they're used up old fools milking the last dollar out of their previous successes. Kind of like Cher.
hero member
Activity: 518
Merit: 500
Hodl!
As in "We can't even get our head round the end of dead tree publishing, and now money is on electronic calculating engines? Excuse us while we chortle into our single malt at the carriage club."
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I think the article says more about the end of the Washington Post than it does about anything else.
newbie
Activity: 42
Merit: 0
more articles like this will appear in the next period of time and corroborate with some ongoing investigations over US exchangers will conclude to the Bitcoin death.

mark my words, Bitpay will be closed very soon.

 

What a sad little person you must be in your pity life Smiley))
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
more articles like this will appear in the next period of time and corroborate with some ongoing investigations over US exchangers will conclude to the Bitcoin death.

mark my words, Bitpay will be closed very soon.
Bitpay isn't an exchange, so no.
legendary
Activity: 1470
Merit: 1004
more articles like this will appear in the next period of time and corroborate with some ongoing investigations over US exchangers will conclude to the Bitcoin death.

mark my words, Bitpay will be closed very soon.

 
sr. member
Activity: 462
Merit: 250
they are saying the truth.

Bitcoin is doomed ! Smiley

in 10 hours, the price will be around of 140 USD or even lower

It is over $200 now.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Lets see were at roughly 70% from ATH
That means that the range is starting to get close to the good crashes  Wink
http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/

Hello April 2013 it's been a while
legendary
Activity: 1904
Merit: 1074
Another journalist on crack  Wink

They seem to crawl out, when the currency goes down... and base their articles on what they read in other media.

Most of these people have not even read the Bitcoin white paper and have no clue how disruptive this technology will be.  Grin

Why would a company like Dell or Microsoft even look at it, if they thought it might be a ponzi scheme.

Someone must pay for these people to go into rehab, and then when their minds are clear, research the real value of the technology.
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