Computer scientist and Blockstream CEO, Adam Back, has compared and other high cap altcoins Ponzi-schemes in a Twitter tirade today:
Charles Ponzi and Bernie Madoff are two of the most famous creators of Ponzi-schemes, while Bitconnect and OneCoin are famous cryptocurrency projects that were revealed to be Ponzis. Back likened such schemes to altcoins Ethereum, and Stellar, along with ‘Dan Larmer’, which was presumably a reference to Bitshares and Steem creator Dan Larimer.
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