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Warren Buffett Exposes BitcoinBitcoin is not a Ponzi. This is my short explanation to the people who are studying Bitcoin, looking to learn all about it, and are smart. Crypto is one big Ponzi scheme. It is a towering pile of corruption, stupidity and madness and the whole thing should be shut down, now. A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting.