Max Keiser Slams Ethereum As “Useless Ponzi Scheme”, Here’s Why

Yuri Molchan

Prominent Bitcoiner takes a jab at Ethereum, claiming it is centralized

Podcaster, financial expert and former trader Max Keiser, who is also known to be a vocal Bitcoin supporter, has taken aim at Ethereum once again, claiming that the second biggest digital currency is nothing but a centralized Ponzi scheme.

Keiser attacking Ethereum and Cardano founder

He has commented on a tweet, which claims that the current Ethereum supply in circulation of 120.6 million Ethereum as was announced by developers is actually bigger and amounts to more than 122 million Ethers.

Max Keiser is a well known hater of all cryptos except Bitcoin. Earlier this year, he several times attacked Ethereum, calling it a centralized scam. He even suggested that the authorities should throw Cardano with its PoS-based ADA token out of the Wyoming state, especially Keiser was addressing the pro-crypto Senator Cynthia Lummis. He also called Cardano founder Charles Hoskinson a “terrorist”. Curiously, Hoskinson is one of Ethereum co-founders.

Ads

Ethereum completes Merge

On September 15, Ethereum developers conducted the long-expected upgrade Merge, which made it possible for this blockchain to finally switch to the Proof-of-Stake mining protocol, leaving behind the controversial regarding the environment Proof-of-Work one.

According to…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *