Statement of the Week: Geert Noels about bitcoin

KORTRIJK – In a new and short section’Statement of the Week‘ we search the media for a narrative that holds, inspires thought or even gives insight to other entrepreneurs. This week Geert Noels went and converted to bitcoin.

“I am a non-believer of Bitcoin. There isn’t one material behind. scarcity, yes, but you can also create scarcity with drink tickets. For me, Bitcoins are part of the so-called Ponzi fraud: you promise a return that you can never deliver. If we want, we can create one here together right now Christmas. If we distribute ourselves well, we can easily earn hundreds of millions by creating scarcity. But you have to give people something willingly and unwillingly that you can’t deliver.”