Post
Topic
Board Bitcoin Discussion
Re: Indian Govt thinks Bitcoin is a ponzi scheme
by
misterj
on 05/05/2019, 13:03:11 UTC
Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing


edit: Im Indian
These types of governments lack knowledge about technology and just makes negative assumption. Anyway, this is not the first time that I've heard that bitcoin will be banned in one country because it already happened multiple times. A Ponzi scheme is just a scheme created by a group of people in which you can apply it to any type of currency even fiat money.