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I made this point to someone a while back on Reddit, and added that it couldn't work as a currency because it is inherently deflationary. This was back when th

• cma 9y ago
  The block chain could eventually fork to become inflationary.
• notzorbo3 9y ago
  > Meanwhile I have a relative that was an underemployed anarchist who now has his own plane purchased w/ Bitcoin proceeds. That's basically just survivorship bias. I know someone¹ that won the lottery and is now a milionair. That doesn't make lotteries a sound investment. This is why I also believe Bitcoin is an unintentional pyramid scheme. Its real value is way too low. It's too difficult and dangerous to actually use it for payments. So its only use now is speculation, and that only works as long as other people are willing to buy bitcoin for more money than it was worth in the past. Typical pyramid scheme. ¹) not really, but it illustrates the point.