"Bitcoin: The World's First Decentralised Ponzi Scheme"

Published in Webb-site on 2017-12-14, "Bitcoin: The World's First Decentralised Ponzi Scheme" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $16,531 at the time of publication. Bitcoin was in the midst of an extraordinary bull run, rising from $1,000 to nearly $20,000 by December.