World Bank: Bitcoin Is Not A

World Bank: Bitcoin Is Not A "Ponzi Scheme"

Ponzi scheme: A fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Many of the under-informed, the under-educated, and the under-control masses have lobbed this parting shot at Bitcoin over the years. People tend to fear things that they don't understand, and will hide behind that fear with blind attacks that sound right, but are just as ignorant, if not more so. Bitcoin clearly does not fall into the definition of a "Ponzi....


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Quotes

If you want to support my campaign, you can’t give me dollars, euros or Swedish kronor, you must donate in Bitcoins.

Mathias Sundin, Deputy mayor of Norrköping in Eastern Sweden, a member of Swedish Parliament