April 17, 2021

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Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel! By Cointelegraph

2 min read

Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!

Does meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi.

Similar to other Bitcoin skeptics, Stolfi repeatedly defined Bitcoin as a Ponzi scheme. The core of his argument is that Bitcoin doesn’t produce any cash flows and the money with which Bitcoin investors are paid comes exclusively from new investors buying Bitcoin.