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According to China the Bitcoin network protocol is a Ponzi scheme by lupafilotaxia

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· @lupafilotaxia ·
$4.92
According to China the Bitcoin network protocol is a Ponzi scheme
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<center><img src="https://i0.wp.com/medianewss.com/wp-content/uploads/2022/06/photo_2022-06-29-09-11-55.jpeg?resize=780%2C470&ssl=1"/></center>
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<div class="text-justify">New Chinese attacks on cryptocurrencies arise in the midst of a wave of peaceful protests that have been developing in the main economic power of the Asian continent, as a result of non-payments by conventional banks to hundreds of depositors, who, not having satisfactory answers, have resorted to protest in order to seek positive answers and thus be able to withdraw their money from the banks.</div>
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<div class="text-justify">The truth is that, in the midst of peaceful protests the security forces of the Asian giant attacked the savers requesting the return of their savings, this unfortunate event has made Chinese users look favorably on investing in cryptocurrencies, as the community believes that it is the best time to take refuge in cryptocurrencies.</div>
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<center><img src="https://blockchainstock.azureedge.net/features/4FCA1CDACA2517BF97E2935E53E9DDDFF35D04213AE2779CCFA3112557AED94E.jpg"/></center>
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<td><center><a href="https://blockchain.news/news/china-based-crypto-ponzi-scheme-generates-1-billion-flagged" rel="noopener" title="This link will take you away from steemit.com"> Blockchain.News </a></center></div></td>
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<div class="text-justify">Large-scale demonstrations over the loss of thousands of people's savings in China come shortly after government representatives called the Bitcoin network protocol the largest Ponzi scheme that may have existed in human economic and financial history.</div>
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<div class="text-justify">For a bit of contextualization, from a theoretical standpoint a Ponzi scheme is a form of scam that lures investors and pays profits to earlier investors with funds from more recent investors, the scheme's operating logic leads victims to believe that the profits come from legitimate business activities.</div>
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<div class="text-justify">Now, having already made known the discursive line that the Chinese government began to handle on whether the Bitcoin network protocol is a Ponzi scheme, I would like to know your opinion on this delicate statement, which in my opinion is the most disproportionate criticism that has been made to date against Bitcoin.</div>
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<div class="text-justify"><h4>SOURCES CONSULTED</h4></div>
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<div class="text-justify"><strong> Forbes </strong> Crypto ‘The Biggest Ponzi Scheme In Human History’—China Blockchain Execs Back Bill Gates And Warren Buffett After Huge Bitcoin Price Crash. <a href="https://www.forbes.com/sites/billybambrough/2022/07/04/crypto-the-biggest-ponzi-scheme-in-human-history-china-blockchain-execs-back-bill-gates-and-warren-buffett-after-huge-bitcoin-price-crash/?sh=3b02dc1935d3" rel="noopener" title="This link will take you away from steemit.com"> Link</a></div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify">The cover image was designed by the author: @lupafilotaxia, incorporating image: <a href="https://medianewss.com/2022/06/29/virtual-currency-is-the-largest-ponzi-scheme-in-human-history-bitcoin-news/" rel="noopener" title="This link will take you away from steemit.com"> MediaNewss</a></div>
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<center><img src="https://i.postimg.cc/0Q6V76gq/Banner-Fuente-consultada-II.png"/></center>
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@taskmaster4450le ·
RE: According to China the Bitcoin network protocol is a Ponzi scheme
Well they are known for telling the truth and just presenting the facts.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-lupafilotaxia-5iwkd5)
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