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Jtbobwaysf: create new article to allow for broader discussion
Various journalists,<ref name="dh150613">Liquid error: wrong number of arguments (1 for 2)</ref><ref>Liquid error: wrong number of arguments (1 for 2)</ref> economists,<ref>Liquid error: wrong number of arguments (1 for 2)</ref><ref name="dd">Liquid error: wrong number of arguments (1 for 2)</ref> and the central bank of Estonia<ref name="Ott Ummelas and Milda Seputyte">Liquid error: wrong number of arguments (1 for 2)</ref> have voiced concerns that bitcoin is a [[Ponzi scheme]]. In 2013, [[Eric Posner]], a law professor at the University of Chicago, stated that "a real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion."<ref name="Posner, Eric">Liquid error: wrong number of arguments (1 for 2)</ref> A 2014 report by the [[World Bank]] concluded that bitcoin was not a deliberate Ponzi scheme.<ref>Liquid error: wrong number of arguments (1 for 2)</ref> The Swiss [[Federal Council (Switzerland)|Federal Council]]<ref name="FC20140625">Liquid error: wrong number of arguments (1 for 2)</ref> examined the concerns that bitcoin might be a pyramid scheme; it concluded that "Since in the case of bitcoin the typical promises of profits are lacking, it cannot be assumed that bitcoin is a pyramid scheme." In July 2017, billionaire [[Howard Marks (investor)|Howard Marks]] referred to bitcoin as a [[pyramid scheme]].<ref></ref>
On 12 September 2017, [[Jamie Dimon]], CEO of [[JP Morgan Chase]], called bitcoin a "fraud" and said he would fire anyone in his firm caught trading it. [[Zero Hedge]] claimed that the same day Dimon made his statement, JP Morgan also purchased a large amount of bitcoins for its clients.<ref></ref>
December 17, 2017 at 01:18AM
