{"id":15856,"date":"2021-05-09T10:02:52","date_gmt":"2021-05-09T10:02:52","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=15856"},"modified":"2021-05-09T10:02:52","modified_gmt":"2021-05-09T10:02:52","slug":"bitcoin","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=15856","title":{"rendered":"Bitcoin …!"},"content":{"rendered":"

“Right now,\u00a0#Bitcoin<\/a>\u00a0is a textbook Ponzi scheme. The evidence is crystal clear, don\u2019t trust any Bitboy who tells you otherwise:<\/p>\n

It has no intrinsic value. You can\u2019t eat it, wear it, or heat your house with it. Unlike gold \u2014 which at least feels nice and looks shiny on your spouse\u2019s ring finger \u2014 you can\u2019t even see Bitcoin.
\nIt is not a productive asset. It\u2019s not a factory that produces an item. It has zero underlying value. None. It\u2019s not backed by land or commodities or \u2014 as with national currencies like USD or GBP \u2014 the threat of violence (in the form of wage garnishment, asset seizure, and imprisonment.)
\nThe price fluctuates so wildly (what healthy currency doubles in a month?), it\u2019s virtually ineffective as a safe representation of value or means of trade.
\nIts value is solely derived from the trust that the price will continue to rise indefinitely. That there will always be new investors to buy out the old ones.
\nBitcoin is a Ponzi scheme\u2026The major problem here is that most unsophisticated investors currently view Bitcoin as an investment. It\u2019s not \u2014 it\u2019s a currency, a vehicle of trade, a means to an end. Currency is the oil that keeps the engine running smoothly, but it\u2019s not the engine itself.”<\/p>\n

https:\/\/medium.com\/surviving-tomorrow\/bitcoin-is-a-giant-ponzi-scheme-ae4263008220<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

“Right now,\u00a0#Bitcoin\u00a0is a textbook Ponzi scheme. The evidence is crystal […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15856","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nBitcoin ...! - www.winningthinking.co.uk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winningthinking.co.uk\/?p=15856\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ...! - www.winningthinking.co.uk\" \/>\n<meta property=\"og:description\" content=\"“Right now,\u00a0#Bitcoin\u00a0is a textbook Ponzi scheme. The evidence is crystal [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winningthinking.co.uk\/?p=15856\" \/>\n<meta property=\"og:site_name\" content=\"www.winningthinking.co.uk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-09T10:02:52+00:00\" \/>\n<meta name=\"author\" content=\"ionostest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ionostest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856\"},\"author\":{\"name\":\"ionostest\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#\\\/schema\\\/person\\\/018fe961d8c94a6bd8f767d89aff5614\"},\"headline\":\"Bitcoin …!\",\"datePublished\":\"2021-05-09T10:02:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856\"},\"wordCount\":228,\"commentCount\":0,\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856\",\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856\",\"name\":\"Bitcoin ...! - www.winningthinking.co.uk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#website\"},\"datePublished\":\"2021-05-09T10:02:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#\\\/schema\\\/person\\\/018fe961d8c94a6bd8f767d89aff5614\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15856#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/winningthinking.co.uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin …!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#website\",\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/\",\"name\":\"www.winningthinking.co.uk\",\"description\":\"immediate results today\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/winningthinking.co.uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#\\\/schema\\\/person\\\/018fe961d8c94a6bd8f767d89aff5614\",\"name\":\"ionostest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g\",\"caption\":\"ionostest\"},\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin ...! - www.winningthinking.co.uk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/winningthinking.co.uk\/?p=15856","og_locale":"en_GB","og_type":"article","og_title":"Bitcoin ...! - www.winningthinking.co.uk","og_description":"“Right now,\u00a0#Bitcoin\u00a0is a textbook Ponzi scheme. The evidence is crystal [...]","og_url":"https:\/\/winningthinking.co.uk\/?p=15856","og_site_name":"www.winningthinking.co.uk","article_published_time":"2021-05-09T10:02:52+00:00","author":"ionostest","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ionostest","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/winningthinking.co.uk\/?p=15856#article","isPartOf":{"@id":"https:\/\/winningthinking.co.uk\/?p=15856"},"author":{"name":"ionostest","@id":"https:\/\/winningthinking.co.uk\/#\/schema\/person\/018fe961d8c94a6bd8f767d89aff5614"},"headline":"Bitcoin …!","datePublished":"2021-05-09T10:02:52+00:00","mainEntityOfPage":{"@id":"https:\/\/winningthinking.co.uk\/?p=15856"},"wordCount":228,"commentCount":0,"articleSection":["Uncategorized"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/winningthinking.co.uk\/?p=15856#respond"]}]},{"@type":"WebPage","@id":"https:\/\/winningthinking.co.uk\/?p=15856","url":"https:\/\/winningthinking.co.uk\/?p=15856","name":"Bitcoin ...! - www.winningthinking.co.uk","isPartOf":{"@id":"https:\/\/winningthinking.co.uk\/#website"},"datePublished":"2021-05-09T10:02:52+00:00","author":{"@id":"https:\/\/winningthinking.co.uk\/#\/schema\/person\/018fe961d8c94a6bd8f767d89aff5614"},"breadcrumb":{"@id":"https:\/\/winningthinking.co.uk\/?p=15856#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/winningthinking.co.uk\/?p=15856"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/winningthinking.co.uk\/?p=15856#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/winningthinking.co.uk\/"},{"@type":"ListItem","position":2,"name":"Bitcoin …!"}]},{"@type":"WebSite","@id":"https:\/\/winningthinking.co.uk\/#website","url":"https:\/\/winningthinking.co.uk\/","name":"www.winningthinking.co.uk","description":"immediate results today","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/winningthinking.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/winningthinking.co.uk\/#\/schema\/person\/018fe961d8c94a6bd8f767d89aff5614","name":"ionostest","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ffbf889e7b6d764cefd589d310344fd04c427d32c64782cd968e2c56d1c4dade?s=96&d=mm&r=g","caption":"ionostest"},"url":"https:\/\/winningthinking.co.uk\/?author=5"}]}},"_links":{"self":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/15856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15856"}],"version-history":[{"count":0,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/15856\/revisions"}],"wp:attachment":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}