Jorge Stolfi Compares Bitcoin with Ponzi and Penny StocksA Brazilian professor is receiving flacks from the Bitcoin community for comparing the digital currency with Ponzi schemes and penny stocks.
Jorge Stolfi, professor at State University of Campinas, and a staunch Bitcoin critic, said in an ETF filing that Bitcoin is a “speculative trading asset, and the value of which is “based on expectations of traders”. He went on saying that Bitcoin should be regulated the same way a Ponzi fund or a Penny stock is regulated.
http://www.newsbtc.com/2016/10/13/sec-bitcoin-etf-winklevoss-shares/
