Australian Senator Criticized for Calling Bitcoin a Ponzi Scheme
According to PANews, Australian Senator Gerard Rennick referred to Bitcoin as a Ponzi scheme on the X platform and questioned its value, stating it "cannot be eaten." He also claimed that Bitcoin "absolutely does not produce anything."
The Australian Bitcoin Industry Association pointed out that Rennick's remarks demonstrate a misunderstanding of Bitcoin. "Unchained" podcast host Laura Shin countered that the internet also cannot be eaten. Bitcoin Marathon team leader Jimmy Kostro urged Rennick to share a deeper understanding of Bitcoin.
This fool must want to laugh the monk to death to inherit the monk's Bitcoin!