Post by: newshunter on June 22, 2021, 01:04:12 AM
The central banker previously referred to cryptocurrencies as a “giant garbage dumpster.”
Source: Minneapolis Fed President Neel Kashkari calls DOGE a Ponzi scheme (https://cointelegraph.com/news/minneapolis-fed-president-neel-kashkari-calls-doge-a-ponzi)
Would appreciate your opinion about this
Post by: TomPluz on June 22, 2021, 01:22:49 PM
When the cryptocurrency market is in the big dip, expect negative voices and comments to be floating around and be picked up no less than the media (crypto-focused or not) as they can be getting more attention from people who can be scouting for some news - good or bad on cryptocurrency. I don't understand why there are still people who keep on referring to a coin or token as a ponzi as if they don't know the legal definition of a ponzi. You can call Dogecoin as a failed experiment that cost people money, just like supporting a business that eventually failed: you lost your money, period. Ponzi entail something else, even there can be similarities in both instances somewhere. However, when there is a bull run, all we hear from the media are more good news and even some hypes to get people's eyes and ears. This is just a cycle, anyway.
Post by: Freemind on June 22, 2021, 01:36:15 PM