Bitcoins and altcoins are “Ponzi Schemes”, says Indian finance ministry

[coinycoiny]

Here is the link to the news.
https://www.techjuice.pk/bitcoins-altcoins-ponzi-schemes-says-indian-ministry/

This is another government warning about the speculative bubble that crypto has become.

[Nubitcoinerr]

Social Security is also a ponzi scheme to be honest.

[Wilfrer]

There are too many warnings about this, but almost everyone is not paying attention and head to the danger. I think these warnings have been analyzed and have a clear basis because most of them are from important people or from the government. So, in the future, we should be more cautious when there are repeated warnings

[stompix]

There are too many warnings about this, but almost everyone is not paying attention and head to the danger. I think these warnings have been analyzed and have a clear basis because most of them are from important people or from the government. So, in the future, we should be more cautious when there are repeated warnings

Important does not imply brains.
And this comes from India's finance minister......

Checking India's wiki page on economy, I have no reasons to believe there is anything working at the upper level in this guy where some neurons should be sparking.
So, why should I bother listening do a guy talking about things that he does not understand when he is incapable of doing his job which (I think) he was qualified at least to.

No way Jose!!!
Not going to listen to government officials that are running 3rd world countries to the ground.

[Renampun]

Here is the link to the news.
https://www.techjuice.pk/bitcoins-altcoins-ponzi-schemes-says-indian-ministry/

This is another government warning about the speculative bubble that crypto has become.

the more Bitcoin dropped the more attractive , it means Stocks and Commodities are not much different from the Ponzi scheme,
whatever they say about Bitcoin, Bitcoin is the one who has helped many finance people, not them

[filharvey]

There are too many warnings about this, but almost everyone is not paying attention and head to the danger. I think these warnings have been analyzed and have a clear basis because most of them are from important people or from the government. So, in the future, we should be more cautious when there are repeated warnings

Important does not imply brains.
And this comes from India's finance minister......

Checking India's wiki page on economy, I have no reasons to believe there is anything working at the upper level in this guy where some neurons should be sparking.
So, why should I bother listening do a guy talking about things that he does not understand when he is incapable of doing his job which (I think) he was qualified at least to.

No way Jose!!!
Not going to listen to government officials that are running 3rd world countries to the ground.

Yes,the true thing is that they don't have brains at all and the sad thing is for indian people to have such a person as a finance minister.Russian president termed bitcoin as a pyramid scheme and now a person to term it as a ponzi scheme.I too say that we should not waste our time by paying attention to such views of idiots.

[pixie85]

They have no idea what a ponzi scheme is. The most important and basic rule is that the creator has to be profiting from all of it. A ponzi scheme where there is no one in control and no one to invite new people in is not a ponzi scheme. It's something the regulators can't understand because they are used to centralized everything. Central government, companies started and run by people and schemes run by fraudsters.

[Nilda]

Another day, another warning. I’m no Finance Minister, but I know fully what a Ponzi Scheme is. Bitcoin has defied all doomsday predictions from First World financial experts. Pretty sure this one will be easily added on the list.