16 September 2017

Coin of the Realm

About two years ago, in these endeavors, was this
2) bitcoin, by design, is a pyramid scheme

And, not for the first time, the mainstream pundits didn't follow my lead. Sigh. But wait, there's more! In today's reporting, we find that a cryptocurrency vendor has second thoughts. Very, very second:
the cryptocurrency market "increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas."

Other high-profile skeptics have sounded the alarm about a potential crash in the crypto market, including Jamie Dimon, the chief executive of JPMorgan Chase, who last week called Bitcoin a "fraud," and compared the current digital money craze to the 17th-century Dutch tulip bubble. And even true cryptocurrency believers have started to worry that I.C.O. mania won't end well.

The goal, as always, is to get "in on the ground floor"
But more dollars are still pouring into cryptocurrency ventures every day, as giddy investors ignore the warning signs and look to multiply their money.

I wonder, how many stock certificates of pets.com do you gentle readers have lining your bird cages?

No comments: