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Pretty much all cryptocurrencies depend on the promise that early adopters will get in cheap and make a ton of money once it takes off. Get in quick, don't be a
by floren 7y ago
Pretty much all cryptocurrencies depend on the promise that early adopters will get in cheap and make a ton of money once it takes off. Get in quick, don't be a sucker! FooCoin is going up uP UP! Now that you're in, convince your friends to buy FooCoin too, and talk it up online--that way demand will increase!
- TomMarius 7y agoI don't think this is the premise of Bitcoin. This is what some people want it to be or want to make it seem like it is, though, but not really.
- arcticbull 7y agoAs I learned here recently the premise may well have been to fund international arms trafficking. [1] https://www.wired.com/story/was-bitcoin-created-by-this-international-drug-dealer-maybe/ https://www.wired.com/story/was-bitcoin-created-by-this-inte...