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posted by
janrinok
on Wednesday June 27 2018, @12:22AM
from the my-bubble-is-bigger-than-yours dept.
from the my-bubble-is-bigger-than-yours dept.
As reported in the Evening Standard, the Bank of International Settlements published an annual report with four criteria to continue economic growth. However, it was rather overshadowed by a statement in the appendix (reported here, here, here, here, here and elsewhere) where cryptographic currency was described as a "combination of a bubble, a Ponzi scheme and an environmental disaster".
I agree and so does a Canadian electricity company.
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Bank of International Settlements: Bitcoin is a Bubble, a Ponzi Scheme and an Environmental Disaster
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Could I have a drug overdose?
(Score: 2) by captain normal on Wednesday June 27 2018, @12:42AM (2 children)
You hung on to them too long. Too bad you fell for the scam.
Everyone is entitled to his own opinion, but not to his own facts"- --Daniel Patrick Moynihan--
(Score: 0) by Anonymous Coward on Wednesday June 27 2018, @12:50AM (1 child)
You joking? It's up almost triple from a year ago. Is that FIAT in your pocket losing value like that FIAT you have in your garage?
Buy from me now!!!
(Score: 2) by Lester on Wednesday June 27 2018, @07:29PM
The bitcoins you own may worth half that you paid for them in a few days, or double its value in a few days. It is a bubble.
As far as I see, it is just an investment, you don't buy or sell anything with bitcoins, just exchange it to legal currency back and forth.