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Bitcoin, currently, is a mechanism for high stakes gambling.* People fucking love gambling. So it's a useful innovation, in a sense. As long as you actually u
by CPLX 9y ago
Bitcoin, currently, is a mechanism for high stakes gambling.*
People fucking love gambling. So it's a useful innovation, in a sense.
As long as you actually understand what it is and why people are buying it you'll be OK. Calling it a safe haven asset class however, is, in fact, amusing.
* To be fair it's also good for buying drugs, credit card numbers, and child porn.
- rhino369 9y ago>* To be fair it's also good for buying drugs, credit card numbers, and child porn. Is it even good for that anymore? I've heard the black markets are moving to other crypto because bitcoin transaction fees are getting stupidly large. But that could be fake news.
- Fukkaudeku 9y agoAfaik they moved to Monero, because having the ability to see all transactions publicly from an address isn't very anonymous at all.