Bit Coin…Ponzi Scheme?

I have no clue, but Chris Duane makes a pretty good argument.

Just by looking at the charts, I’d say that BitCoin is, if not a Ponzi Scheme, becoming a bubble that will pop.  

Article Continues Below

And if no one knows who the originator of the program seems to be, why would anyone trust this system?

I see a trap being set.

I know this post will get someones underwear in a bind…..but one’s beliefs don’t trump one’s logic.



18 views CF TEST

Follow IWB on Facebook and Twitter