I can never understand the naysayers of Bitcoin. It's like there is almost literally no reason to dislike Bitcoin so strongly. You can't just call it a ponzi scheme, then put your fingers in your ears and say "lalalalalala" and hope it crashes to $0. These people will be waiting forever. I bet the dude that wrote this article has been waiting for Bitcoin to crash to $0 since Bitcoin hit parity with the dollar.
Why do people call Bitcoin a pyramid or Ponzi scheme? Bitcoin doesn't fit under the definition of any of these scams. Because of that, you can't call Bitcoin something it very obviously is not. That just shows you have no argument against Bitcoin in the first place. Right now the only argument naysayers grab onto is "It's a ponzi that uses too much electricity!1!1!!!". Really, are all the naysayers hardcore environmentalists? Yeah lol, I doubt they worry about energy consumption anywhere else. They only like to pick on Bitcoin... Why?
Because they missed out maybe?
Don't get me wrong, Bitcoin does use a lot of energy, but it's so blown out of proportion it's ridiculous. Compare Bitcoins energy consumption to all of the industries Bitcoin is disrupting. It is just a drop in the bucket. Why aren't they complaining about this if they care about energy consumption so much?