I believe you've conflated two different "David Webb"s...
"The Great Taking" was written by David Rogers Webb.
The article you've linked was written by a David M. Webb:
https://webb-site.com/articles/bitcoinponzi.asp
Interesting article on bitcoin from the author of “The Great Taking”
I bet to differ with his conclusion on bitcoin but his book was great
I believe you've conflated two different "David Webb"s...
"The Great Taking" was written by David Rogers Webb.
The article you've linked was written by a David M. Webb: