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Bitcoin and Litecoin

• oblib 9y ago
  "1,000 People Who Own 40 Percent of the [bitcoin] Market" That, right there, is just one problem with Bitcoin, and it's a big one. https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market https://www.bloomberg.com/news/articles/2017-12-08/the-bitco...
  • eberkund 9y ago
    How is that any different from US dollars? https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50 https://www.theguardian.com/global-development/2017/jan/16/w...
    • oblib 9y ago
      US dollars are mostly invested in financial securities which have hard assets like factories and real estate. Bitcoins have no hard asset backing them up. They are based on "irrational exuberance".
      • quickthrower2 9y ago
        The market can stay irrational longer than your FOMO regrets can resist buying in.