Economist Brands Bitcoin a “Scam” and “Ponzi Scheme” on Yahoo Finance

For the longest time, critics of Bitcoin have questioned if the cryptocurrency is a Ponzi-like/pyramid scheme.

Wikipedia defines a “Ponzi scheme”: A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

While this is rather ambiguous, critics say that this applies to Bitcoin, for the cryptocurrency, due to the inflationary pressures of block rewards and such, requires constant capital input for prices to maintain their current levels of growth. The idea the critics that believe Bitcoin is a Ponzi tout is that without fresh capital, this market would collapse, much like a pyramid scheme would if new investors stopped entering the pyramid.

Bitcoin Given “Ponzi” and “Scam” Treatment Again

Once again, Bitcoin has been given the “Ponzi scheme” and “scam” treatment. This time, it was on a Yahoo Finance segment covering the cryptocurrency market.

Tendayi…