Matteo Cheda @MatteoCheda

Founder of the Bellinzona School of Journalism Bellinzona, Switzerland Joined November 2022

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Matteo Cheda @MatteoCheda

3 years ago

Bitcoin is worth nothing. It’s a scam /6 This is the paper version of the article published on the last page of Spendere Meglio ("Spend Better") of October 2021, the magazine I founded 27 years ago.

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Bitcoin is worth nothing. It’s a scam /5 A few owners of large quantities of Bitcoins drive its value up and down with insider trading. Financial advisors give lectures on the evolution of the Bitcoin price. Thus this immense anonymous scam is given a semblance of seriousness.

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Matteo Cheda @MatteoCheda

3 years ago

Bitcoin is worth nothing. It’s a scam /4 Bitcoin was born like this. Stocks represent a portion of a real company, while bonds represent a real loan. Bitcoin, on the other hand, has no intrinsic value. Its inventor is anonymous. Criminals use Bitcoin to transfer money.

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Matteo Cheda @MatteoCheda

3 years ago

Bitcoin is worth nothing. It’s a scam /3 Mr. Smith publishes a graph which shows that the Thalers are gaining value. Thousands of people buy them and Mr. Smith becomes very rich.

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Matteo Cheda @MatteoCheda

3 years ago

Bitcoin is worth nothing. It’s a scam /2 Mr. Smith, a computer enthusiast, gets up on Monday morning, creates from scratch the digital cryptocurrency “Smith Thalers” and sells them for a dollar each. The next day for two dollars, Wednesday for three, etc.

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Matteo Cheda @MatteoCheda

3 years ago

Bitcoin is worth nothing. It’s a scam /1 In October 2021, I published this article in an Italian-language Swiss magazine. consumatori.ch/site/article.p… Since then the value of Bitcoin has plummeted. An English adaptation follows in the next tweets.

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Matteo Cheda @MatteoCheda

3 years ago

«Bitcoin is a fraudulent investment operation where older investors earn high revenues paid by new investors, rather than from business activities». I wrote this four years ago on Quora: qr.ae/pvjyeY Contact me if you want to know more.