Bitcoin's rise in african markets is driving by an old Russian ponzi scheme

in #sku77-poproks7 years ago

Examples like MMM suggest that Bitcoin may not be an unalloyed good for the developing world, and that we need to reexamine the idea that new technologies will singularly lead to decreases in human suffering. The scheme associates itself closely with Bitcoin in its marketing materials, explaining that “MMM and Bitcoin have similar ideologies: they strive to defeat the social inequalities, to free people from banks, and to make the world fairer. ” In many ways, MMM has provided one of the most consumer-friendly support services for new users of the cryptocurrency. In many ways, MMM has provided one of the most consumer-friendly support services for new users of the cryptocurrency.

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