PonziCoin Shows Divide Between Finance, Bitcoin Early Adopters

Bitcoin gamblers had a bit of a scare (and everyone else had a premature laugh at their expense) when the site PonziCoin appeared to shut down and take everyone’s money, but then the admin refunded everyone’s money.

With Mt. Gox’s high profile collapse all over the headlines, journalists are ready to jump on any new Bitcoin scandal, so when word spread that people had been sending money to a site called PonziCoin it seemed like more evidence that the Bitcoin craze defied all logic.

PonziCoin was a gambling site

But PonziCoin wasn’t a business, it was...