2 years ago
The president of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted successful a precocious published op-ed that virtual currency is “undoubtedly the largest Ponzi strategy successful quality history.” However, they person said the “value of blockchain exertion should not beryllium ignored due to the fact that of virtual currency.”
Opinion Piece Claims 90% of 100 Richest People Have Bad-Mouthed Virtual Currency
The president of the Chinese Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and enforcement manager He Yifan, person said virtual currency is “undoubtedly the largest Ponzi strategy successful quality history.” They besides claimed that this Ponzi strategy has since morphed into 1 that is “no longer conscionable astir cash.”
In a caller opinion piece published by the People Daily Online newspaper, the BSN president and his workfellow statesman their onslaught connected virtual currency and bitcoin by pointing to the information it has been “bad-mouthed” by astatine slightest 90% of the 100 richest radical successful the world. The duo besides gives the reasons which compelled them to likewise presumption BTC oregon virtual currency negatively. They wrote:
This benignant of Ponzi strategy tin beryllium classified arsenic ‘equity-type,’ and it has 3 main characteristics: first, it is based connected equity that tin beryllium denominated; second, the equity tin beryllium traded and circulated; finally, and astir importantly, this equity is not Associated with immoderate asset, productive labour, oregon societal value, but is wholly fictional.
According to the duo, the equity successful virtual currency equity Ponzi schemes is not linked to immoderate existent plus oregon labour hence the hazard is “close to infinity.” When looking astatine the characteristics of virtual currency, Zhiguang and Yifan said it is evident that these are accordant with those of a alleged equity Ponzi scheme.
Blockchain Must Not Be Ignored
Elsewhere successful the article, the BSN president and Yifan usage the illustration of dogecoin to amusement however conscionable 1 influential idiosyncratic tin manipulate oregon power the worth of a virtual currency.
“So it’s casual to recognize that Musk tin crook his hands connected dogecoin arsenic a cloud, and crook his hands into a rain. Just sending a tweet tin marque the terms of virtual currency flat,” the duo claimed.
Despite their stance connected virtual currency, Zhiguang and Yifan insisted successful their sentiment portion that blockchain technology, which anchors astir cryptocurrencies, “should not beryllium ignored.” The duo, however, suggested that regularisation exertion is inactive needed to guarantee the blockchain plays “a immense relation successful assorted exertion fields.”
What are your thoughts connected this story? Let america cognize what you deliberation successful the comments conception below.
English (US) 