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What value has Bitcoin et al brought anyone other than earning them "profit" because they were earlier in the Pyramid-Ponzi scheme - or at a low point before pr
by loceng 7y ago
What value has Bitcoin et al brought anyone other than earning them "profit" because they were earlier in the Pyramid-Ponzi scheme - or at a low point before price went up and sold before the bubble(s) popped?
- roboys 7y agoThis ponzi has better rules than the ponzi your government created for you by default. It is as simple as that.
- loceng 7y agoVery easy to argue that's not the case.
- seba_dos1 7y agoOk, I'm not a huge fan of the crypto craze, but ignoring providing a solution to the problem of trust in decentralized networks and implementing a working payment network on top of that is just a blatant ignorance. The solution is massively unelegant and unlikely to be worth so much long-term as markets are predicting now, but it definitely does provide some tangible value and it's pretty stupid to imply otherwise.
- loceng 7y agoSimply asking for what value has Bitcoin et al provided isn't the same as a statement that states it doesn't cover some areas of value, however pros existing doesn't necessarily negate the cons - doesn't mean there's a net benefit to them existing. Ignoring that a solution for 'trust in decentralized networks' can't be solved in other ways, like normal real-life trust networks, where people make a decision of who they trust for this vs. having "blind trust" is in fact blatant ignorance.