Crypto Crackdown: Bitcoin is a “Combination of Bubble, Ponzi Scheme, Environmental Disaster”

Last year alone, 19 Bitcoin forks came out, including Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond. Forks can fork again, and many more could happen. After all, it just takes a bunch of smart programmers and a catchy name.”These multiplying cryptos “dilute the value of existing ones, to the extent such cryptocurrencies have any economic value at all,” he said. There are now over 1,500 cryptocurrencies, up from just a handful several years ago.

 

https://wolfstreet.com/2018/02/07/crypto-crackdown-bitcoin-is-a-combination-of-bubble-ponzi-scheme-environmental-disaster/

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