Beyond the most hardcore users, skepticism has only increased. Nobel Prize-winning economist Paul Krugman wrote that the currency’s tendency to fluctuate has encouraged hoarding. Stefan Brands, a former ecash consultant and digital currency pioneer, calls bitcoin “clever” and is loath to bash it but believes it’s fundamentally structured like “a pyramid scheme” that rewards early adopters.
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Latest posts by Jordan Tuwiner (see all)
- “Bitcoin Is Declining, but Is It Dead?” – Government Technology | $236.61 - September 21, 2015
- “Distributed Ledgers Part I – Bitcoin is dead” – Pascal Bouvier | $281.47 - August 4, 2015
- “Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme” – Washington Post | $236.73 - June 8, 2015