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> why don't you see ads for other commodities, like rice or iron No one buys rice or iron on Facebook, but Bitcoin is mainstream enough where the Facebook audi
by hw 9y ago
> why don't you see ads for other commodities, like rice or iron
No one buys rice or iron on Facebook, but Bitcoin is mainstream enough where the Facebook audience is a good target.
> Well one difference is that bitcoin has no intrinsic value, ie, it's online gambling in disguise
While there are cryptocurrencies that are pump and dump and scams, there are legit ones that are being used as actual currency in transactions for actual products all over the world. I can buy coffee with cryptocurrency, but I certainly won't be able to pay for it with gold. Calling bitcoin 'online gambling in disguise' is like calling the stock market and forex trading 'online gambling'.