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When bitcoin appeared, everybody was saying that "only retarded people would `invest` in such an obvious scam. you would be better to blow your money in Vegas,
by 21 8y ago
When bitcoin appeared, everybody was saying that "only retarded people would `invest` in such an obvious scam. you would be better to blow your money in Vegas, at least you'll get a free drink". Now the same people say "it's not fair that some got to buy it at such cheap valuations".
- tuesdayrain 8y agoProbably not the same people.
- jib 8y agoNo we are still saying the same. Lots of people made money on pyramid schemes, that doesn’t make them a good investment. The longer a pyramid scheme runs, the dumber it is to invest in it. If you truthfully believe bitcoin will develop into a stable alternative to state run currencies, great, I wish you good luck. I don’t. To me it is like religion - they can’t all be right and they are mutually exclusive. I don’t trust myself to be able to pick the winner among all the losers.
- dane-pgp 8y agoThe notes and coins for the euro were first issued in 2002, and the first bitcoin was mined in 2009. What makes one a pyramid scheme and the other not? The answer surely can't be "every currency issued by a government is stable forever and every crypto-currency will collapse before 5 years". What I'm saying is, there are a lot of currencies out there, and some are more stable and have a better track record than others. You may not trust yourself to pick a winner among the losers, but I suspect you do use at least one currency from time to time, so you have picked one by default.