Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post

[mercistheman]

The Washington Post was purchased by Jeff Bezos... he didn't care that it was bleeding money... he wanted to use it to promote his own political agenda.

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[MemoryShock]

Poorly written article and the first clue is associating all of BTC with one political ideology.

I would thrash him in a debate yet I am pretty sure that he makes more money than me...so who is the real winner here.

For the life of me, I have no idea how anyone could call BTC a ponzi if they have spent even two hours researching the topic.  At worst, he could have posted a question to /r/bitcoin and been ridiculed twenty times before someone corrected such a notion with a serious face...

[Kprawn]

Another journalist on crack  

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.  

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.

[freedomno1]

Lets see were at roughly 70% from ATH
That means that the range is starting to get close to the good crashes 
http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/

Hello April 2013 it's been a while

[OrientA]

they are saying the truth.

Bitcoin is doomed !

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

It is over $200 now.

[mayax]

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.

 

[cbeast]

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.

[infobel]

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 ))

[Elwar]

I think the article says more about the end of the Washington Post than it does about anything else.

[Flashman]

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."

[QuestionAuthority]

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.

[runningfree]

Bitcoin is a state of mine. If you want to negative that's you choice.

[Flashman]

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.

[nextgencoin]

Not looking good from the mainstream media's POV.

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..

[Q7]

Anything in order to get people's attention to read the news...

[newIndia]

Not looking good from the mainstream media's POV.

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.

[tokeweed]

the washington post will be accepting btc/crypto one way or another.

[QuestionAuthority]

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.

[tokeweed]

you liked cher  really?

[jonald_fyookball]

you liked cher  really?

You think that's crazy, some people actually like Barbra Streisand's music.