‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong.

One could say that former PayPal chief executive Bill Harris is not fond of Bitcoin, but that would be an understatement. Writing in an op-ed published by tech outlet Recode, Harris argues that Bitcoin is not only a bad investment but is also a “colossal pump-and-dump scheme, the likes of which the world has never seen.”

Harris does not break any new ground on the Bitcoin-bashing front, and he quickly retreats into stale arguments from opinion pieces authored in 2013 — and better left there.

 

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