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No 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 d
by jib 8y ago
No 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.