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Have the greedy every changed the world, for the better? Bitcoin adopters continue to religiously engage the same fraud that was adopted by initial promoters,
by throw2016 9y ago
Have the greedy every changed the world, for the better?
Bitcoin adopters continue to religiously engage the same fraud that was adopted by initial promoters, peddling fantasies about decentralization, anonymity, transaction costs and taking on the global banking system. None of this is real, and on the last the slightest hint of adoption by the establishment send prices soaring and palpable excitement among supporters.
So if it has no utility, with supporters who lie, then where are the absurd valuations coming from? Bitcoin exists without relation to economics, demand, utility or value, and with negative externalities for efficiency and the environment making rational discussion redundant.
Why bother creating value to generate revenue, when you can print the revenue, literally. It's like a group of people get together to make IOU tokens and are convinced the world will one day accept their paper. Well if it has some utility the world may, but not simply because you want to gain something for nothing.
- mrb 9y agoYou don't know what you are talking about. I use Bitcoin to transact with my brother overseas. It's decentralized. It works. Yes there is an absurd bubble going on. But bubbles are expected with revolutionary technologies (18th century train companies, 19th century car companies, 1990s dot com bubble...)