Stories
Slash Boxes
Comments

SoylentNews is people

Bank of International Settlements: Bitcoin is a Bubble, a Ponzi Scheme and an Environmental Disaster

posted by janrinok on Wednesday June 27 2018, @12:22AM   Printer-friendly
from the my-bubble-is-bigger-than-yours dept.

cafebabe writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Bank of International Settlements: Bitcoin is a Bubble, a Ponzi Scheme and an Environmental Disaster | Log In/Create an Account | Top | 67 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 3, Funny) by cubancigar11 on Wednesday June 27 2018, @04:55AM

    by cubancigar11 (330) on Wednesday June 27 2018, @04:55AM (#699137) Homepage Journal

    If electricity company could start accepting bitcoins for payment, you would see sudden drop in price of gfx cards I am sure.

    Starting Score:    1  point
    Moderation   +1  
       Funny=1, Total=1
    Extra 'Funny' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   3