..

Ayre Tells Market Watch: "For Sure Bitcoin is a Ponzi Scheme"

Written by:
Aaron Goldstein
Published on:
Jan/12/2022

Calvin Ayre says Bitcoin SV is powered by a revolutionary technology that has many useful applications, while the digital currency most people know as Bitcoin is useless and a fraud.

In a riveting sit down interview with Market Watch, the billionaire entreprenuer claims that the group of developers currently in charge of maintaining and updating the Bitcoin protocol violated the way it was set up in the first place.

“For sure it’s a Ponzi scheme because it can’t do anything,” says Ayre of Bitcoin trading.  

The Canadian, who now resides in the Caribbean island nation of Antigua, returned to the US for the first time this past fall following a minor brush with the law.

“I was no criminal,” says Ayre of his battle with the U.S. government related to his previous involvement with Bodog Sports, now known as Bovada. “I was caught up in an international trade dispute.”

After settling a misdemeanor charge with the US Government, Ayre stepped on US soil for the first time since 2012 in Miami before attending his mega conference in New York's Time Square.

Back were the days of celebrity fueled parties, though this time a bit more reserved than in the past.  Emily Ratajkowski, Adrian Grenier and marketing icon Donny Deutsch were all in attendance at the Times Square event.

adrian-greenier-011222.jpg

Today, Ayre runs Coin Geek and is an evangelist for Bitcoin SV, which he insists is the true and authentic Bitcoin because it is the only digital currency that follows the set of rules, or protocol, laid out by the white paper that launched Bitcoin in 2008.  Unlike BTC, Bitcoin SV has no limitations on scaling.

Ayre also issued an ominous warning related to BTC.

“I think all of what you call crypto will die, a lot of it will be deemed illegal, as regulators start to understand more — a lot of people are going to lose a lot of money.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

The Dow sank 1,000 points on Wednesday, or 3.2%, as dismal results from Target renew fears that inflation is battering companies.

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Elon Musk taking over Twitter seems like a 50-50 proposition at this point, but the people who crunch numbers for a living are giving it even less of a chance.

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

The price of UST plunged to 10 cents last week, while Luna fell to "virtually zero", down from an all-time high of $119.51.

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk says that $44 billion Twitter acquisition deal cannot proceed until there is proof provided that the social media platform has fewer than 5% fake accounts as BetUS continued offering

Find Elon Musk Twitter Odds: Promises to Allow Trump Back on Platform

Find Elon Musk Twitter Odds: Deal Halted?

Elon Musk has closed on deal worth around $44 billion in cash.  Now BetOnline has offered updated odds on whether Musk will reinstate former US President Donald Trump.  But Musk may now be looking for an off-ramp.

Syndicate