Cryptocurrency/ Bitcoin A Ponzi scheme

[Sanket]

@q45

Bit coin or Cryptocurrencies are big bubbles/fraud

Two are mutually exclusive, it’s very dangerous to generalize everything. I had written something similar, see if it makes sense.

Should you invest in Bitcoin or other cryptocurrencies in India?

Bitcoin just hit $6000 dollars and $100 billion in market cap. I’ve been seeing a lot of people around me in India dabble in cryptocurrencies and this is my view. Cryptocurrencies are nothing new, it’s just that they are in vogue now. The earliest virtual currency can be traced to the 1980s when a David Chaum, an American cryptographer came up with something called as e-cash which failed. But the current crop of tokens are on a whole new level and scale. There isn’t a day that goes by without …