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[BitCoin]'s the greatest scam of modern times. ... the poor, the average mom-and-pop, the truck driver and the barber, who put their life savings int… - Vivek Wadhwa
" "[BitCoin]'s the greatest scam of modern times. ... the poor, the average mom-and-pop, the truck driver and the barber, who put their life savings into this, are going to lose their money, and be told to keep holding on, trust us, the value will go up. And they're gonna go bankrupt. They're gonna lose their life savings. ... This is what happened with the dot-com boom, the grandma and grandpa lost their life savings. History is repeating itself. ... We have these scamsters, basically, hyping the heck out of it, while all it's being used for is illegal money laundering. ... It's simply gonna implode before you know it. And regular people who trust you are gonna lose their shirts. ... Would you put your life savings into digital currency? You lose a password and you've lost everything. ... They know it's gonna crash and burn. ... it crashes and it goes to zero, and people lose their life savings. Don't do it. Get out of it, rather than losing everything you have. Yes, the price might increase, but more likely than not it's gonna be zero before you know it.
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About Vivek Wadhwa
Vivek Wadhwa is Director of Research at the Center for Entrepreneurship and Research Commercialization at Duke University's Pratt School of Engineering, a globally syndicated columnist for The Washington Post, and an author of multiple books on economic and policy trends.
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With the technology advances that are presently on the horizon, not only low-skilled jobs are at risk; so are the jobs of knowledge workers. Too much is happening too fast. It will shake up entire industries and eliminate professions. Some new jobs will surely be created, but they will be few. And we won’t be able to retrain the people who lose their jobs, because, as I said to Andreessen, you can train an Andreessen to drive a cab, but you can’t retrain a laid-off cab driver to become an Andreessen. The jobs that will be created will require very specialized skills and higher levels of education — which most people don’t have.
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Steve Jobs was a true visionary who refused to listen to customers — believing that he knew better than they did about what they needed. He ruled with an iron fist and did not tolerate dissent of any type. ... Apple may have peaked. ... its last major innovation — the iPhone — was released in June 2007.
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