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BitCoin is such a big disappointment. From a global way of making micropayments it became a global multi level marketing pump and dump scheme. The true believer
by fierarul 6y ago
BitCoin is such a big disappointment. From a global way of making micropayments it became a global multi level marketing pump and dump scheme. The true believers always told how BitCoin will be the one true saviour when shit hits the fan -- well, we are during a pandemic not seen in 100 years and BitCoin is basically irrelevant.
There is no BitCoin economy, only people watching the BTCUSD sticker price because only the real economy matters.
I'm also willing to bet the network resilience is not as high as techno folks want to believe and if some governments want it shutdown it will be pretty close to shut down and the FX rate will go towards $0.
In many ways BitCoin is not an anti-globalist or anti-anything response. It is a product that exists due to globalization. And the high prices are a result of some economic stability and prosperity that allowed the population to play with shiny things. The coming depression will put an end to such trivialities.