Everything we love about Ponzi schemes

Some of the most skeptical folks about Bitcoin are experts in cryptography and computer security:

“A lab experiment that escaped into the wild.”
— Steven Bellovin, computer security expert and professor at Columbia University, saying the technology is still too buggy

"It’s hard to trust a currency that’s backed by the full faith and credit of software that has to be updated monthly."
— Steven Bellovin

“Cryptocurrency somehow combines everything we love about religious fanatics with everything we love about Ponzi schemes.”
— Security expert Matt Blaze tweet

"Investing in Bitcoin might make you rich, sure. But how much do you know about tulips? No bubble is too big to burst," John Schwartz, The New York Times, Jan. 12, 2018