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Bitcoin Revealed: A Ponzi Scheme for Redistributing Wealth from One Libertarian to AnotherBy Matt O'BrienWashington Post Jan. 15, 2015 |
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 If Bitcoin were a currency, it'd be the worst-performing one in the world, worse even than the Russian ruble. But Bitcoin isn't a currency. It's a Ponzi scheme for redistributing wealth from one libertarian to another. At least that's all it is right now. One day it could be more. Venture capitalists, for their part, are quick to point out that it's really a protocol, like the early internet, and its underlying technology could still be revolutionary. What are they supposed to say, though, when they've bet hundreds of millions of dollars on it? Read More 
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