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RE: Financial Times Article Trashes Bitcoin Calling it a Pyramid Scheme.

in #bitcoin9 years ago

The author Dan McCrum finished up the article by saying that Bitcoin has all of the hallmarks of a Pyramid Scheme and the value is equal to any pyramid scheme which is $0. Bwahaha this guy is a piece of work.

Jeezy Louisey. He's just the latest in a looong line of scoffers. Gawd almighty: in the current year, "blockchain" has become a fintech buzz-word and here's this cat saying "worthless."

It's only a matter of time before people like Mr. McCrum become running jokes. The current Bitcoin bull market is being propelled by some durn sweet fundamentals: crypto is becoming normalized, a prelude to it becoming mainstreamed. If there's a big huge bubble, it's a looong way away....