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Bitcoin is 'a giant pyramid scheme,' says Pinboard founderIt should be obvious to pretty much everyone at this point that anything crypto is an old-fashioned grift, a scam, a Ponzi scheme. Bitcoin as an investment IS a pyramid scheme: There is no wealth generated and all of the "profits" the existing holders make is from inflow of. As Bitcoin is an entirely decentralised asset and operates using the transparency of blockchain technology, Bitcoin cannot be a Ponzi Scheme.
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