Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme

Cointelegraph

Published Aug 05, 2020 09:50PM ET

Updated Aug 05, 2020 11:20PM ET

Computer scientist and Blockstream CEO, Adam Back, has compared Ethereum 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, Ripple and Stellar, along with ‘Dan Larmer’, which was presumably a reference to Bitshares and Steem creator Dan Larimer.

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