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Bitcoin: The World's First Decentralized Ponzi Scheme

• nprz 9y ago
  So put your life savings into shorting bitcoin. It's a sure thing right?
  • votepaunchy 9y ago
    “The market can remain irrational longer than you can remain solvent.”
  • deleted 9y ago
    [deleted]
• kemonocode 9y ago
  Arguments against Bitcoin and other cryptocurrencies fall apart when you realize people are using it for more than frivolous speculation, such as to escape extreme currency controls from their totalitarian governments. And no, asking said governments nicely to please not screw us as hard daddy doesn't work, because the new tyrant who ends up in power after overthrowing the previous government will end up just as bad.
• azaras 9y ago
  I think that it is not a pure sum zero game. It has a input, the money from illegal activities (drugs, black money, illegal prostitution...) which has less value as input that as output.