Ajit Vadakayil Bitcoin is a Ponzi Scheme – Bitcoints

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Published on June 14th, 2018 | by bitcoin

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Ajit Vadakayil Bitcoin is a Ponzi Scheme

Ajit Vadakayil Bitcoin is a Ponzi SchemeBREAKING DOWN ‘Ponzi Scheme’

A Ponzi scheme is an investment fraud where
clients are promised a large profit at little to no risk.
That includes every Bitcoin that’s
ever been won, every Bitcoin that’s ever been used, and every Bitcoin that’s
ever been transferred.
A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a
collective delusion.
There are officially three versions of
Bitcoin, including Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Gold (BTG).
Some Bitcoin ATMs offer bi-directional
functionality; these machines enable the purchase of Bitcoin as well as the
redemption of Bitcoin for cash.

Source: Ajitvadakayil.blogspot.com

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