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Thursday, June 26, 2025

China Blockchain Alliance Executives: Virtual Currency the 'Largest Ponzi Scheme in Human History' – Bitcoin News - Bitcoin News

The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of blockchain technology should not be ignored because of virtual currency.”
Opinion Piece Claims 90% of 100 Richest People Have Bad-Mouthed Virtual Currency
The chairman of the Chinese Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and executive director He Yifan, have said virtual currency is “undoubtedly the largest Ponzi scheme in human history.” They also claimed that this Ponzi scheme has since morphed into one that is “no longer just about cash.”
In a recent opinion piece published by the People Daily Online newspaper, the BSN chairman and his colleague begin their attack on virtual currency and bitcoin by pointing to the fact it has been “bad-mouthed” by at least 90% of the 100 richest...



Read Full Story: https://news.bitcoin.com/china-blockchain-alliance-executives-virtual-currenc...

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