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Why bitcoin is worse than a madoff-style ponzi scheme

Why bitcoin is worse than a madoff-style ponzi scheme

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In NovemberCoinDesk was policy at the Blockchain Association, of the most pivotal stories.

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Why Bitcoin looks worse than a Madoff-style ponzi scheme: Robert McCauley
Robert McCauley, a scholar from Boston College and Oxford, argued Monday that Bitcoin (BTC-USD) is worse than a Ponzi scheme because the. Financial Times - Why bitcoin is worse than a Madoff-style Ponzi scheme Ponzi schemes are zero-sum businesses. A profit on one side implies a loss of the same. Why Bitcoin looks worse than a Madoff-style ponzi scheme: Robert McCauley Actor Ben McKenzie on why crypto is the largest Ponzi scheme in.

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Robert McCauley. Just as these schemes have long thrived in crypto, there have also been commentators willing to go out on a limb, risking libel and alpha capital gains, to dismiss the entire blockchain-based industry as fraudulent. Thus the investors, as a whole, are always in the red, and their collective loss only increases with time.