[2017-09-29]Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi?

[Karartma1]

Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“.
Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes?
Modern Finance is the Fraud
In an article that I wish I had written myself, Viktor Shvets, head of Macquarie’s AsiaPac equity strategy, accurately explains “Modern Finance”, Not Bitcoin, Is The Real Fraud. Paragraphs rearranged for clarity.
“Bitcoin is a sort of tulip… it is an instrument of speculation but certainly not a currency and we don’t see it as a threat to central bank policy.”
Vitor Constancio, ECB Vice President, September 2017

More @ https://www.fxstreet.com/analysis/bitcoin-vs-dollars-which-one-is-a-fraud-which-one-is-a-ponzi-scheme-201709290507

[Falgorn]

If we consider a dollar that has spread all over the world and is constantly being printed in large quantities without the necessary binding to the gold reserve or an increase in the country's gross product, then such a dollar must be regarded as an ordinary fraud. If the countries in which he now walks, showed their available US dollars for payment, then the US immediately became bankrupt.