Quote from: TravelMug on Today at 08:35:47 AM

Quote from: larry_vw_1955 on Today at 08:26:49 AM

Yes that includes "bitcoin"

The 54-year-old computer scientist slammed the newfangled asset class as a "great vehicle for scams." He also went on to mention that cryptocurrencies function as a typical Ponzi scheme that aims to find "the next sucker holding the bag."

https://u.today/linux-inventor-says-he-doesnt-believe-in-crypto

I know that many bitcoin enthusiasts are big Linux advocates. In order to stay consistent maybe they need to switch operating systems. That's what I would do

I guess to "each his own", we admire his creation and some of us could have been using his OS before it's not as vulnerable to malwares and viruses that can steal our crypto. But that's it, if he doesn't believed in crypto then we can't really do anything about it.

He could be right, or he could be wrong to see crypto as Ponzi schemes as this is really the argument that others have been putting since the beginning. However, he could be in the majority specially that Bitcoin has been carving it's name and he could be left in the closet in the next decade or so, just saying.

We cannot blame him for that because that's what also his own observation towards crypto, and everyone is free to express his like or dislike about crypto. But one thing is certain, he jumped into a conclusion without studying well the concept of bitcoin and how it becomes an advantage to some open-minded people. If only he is born in this millennial era, I bet he will change his current perspective on bitcoin. But what else can we do but to leave him for that, and let the success of bitcoin and all its believers serve as the proofs that bitcoin is never part of ponzi scheme, and it never was.