I yield to no one is my disdain for bitcoin, but this article is just stupid. "Bitcoin is a ponzi scheme"? First, the article isn't specific to bitcoins; it a

I yield to no one is my disdain for bitcoin, but this article is just stupid. "Bitcoin is a ponzi scheme"? First, the article isn't specific to bitcoins; it applies to gold, silver, and a large number of other similar currencies. Second, the article isn't actually arguing that bitcoins are a ponzi scheme; it's just saying they won't work as a currency. So a more accurate headline would be "Law professor claims gold cannot work as a currency; ignores theory, history, and evidence." If you want to criticise bitcoins, knock yourself out. (Want some suggestions? I can rant for ages about the sillyness of bitcoins.) But please refrain from arguing that since bitcoins are just like gold, it's a ponzi scheme and thus literally cannot work as a currency because the value will fall to zero. Because if you do this, someone will then point out that you are a flaming idiot who is embarrassing himself, the school he teaches at, and his family name.