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It's not my interpretation (I like to be more precise with terminology), just one that I could explain. I suppose that people who feel that way about bitcoin pr
by lotyrin 9y ago
It's not my interpretation (I like to be more precise with terminology), just one that I could explain. I suppose that people who feel that way about bitcoin probably feel that way about any commodities that are held at speculative value above any value based on their utility, but I don't think they would describe those as being "ponzi schemes" -- not sure how they would make the distinction.