FT Calls Bitcoin a Pyramid Scheme on the Cryptocurrency’s 8th Birthday

[kreslik.news]

On the 3rd of January, 2009 Bitcoin’s creator Satoshi Nakamoto started off the blockchain by mining the first ever block (now known as the Genesis Block) which means Tuesday was the cryptocurrency’s 8th birthday.

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A lot of mainstream media attention came to bitcoin on this day but the multiple-year survival and growth of the project was not the main focus of it. As expected, the round $1000 BTC/USD exchange rate was the trigger that put the cryptocurrency on their maps again.

Bloomberg, New York Times, CNBC and others all ... (read more)