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Ponzi schemes give an INCOME RETURN Bitcoin gives a PRICE APPRECIATION RETURN One could call this then a “greater fool” play except it has algorithmic reducti
by vulturalcptlst 6y ago
Ponzi schemes give an INCOME RETURN
Bitcoin gives a PRICE APPRECIATION RETURN
One could call this then a “greater fool” play except it has algorithmic reduction in supply which repairs “greater fool” aspect.
- imtringued 6y agoIf the limited supply was the only thing bitcoin had going for it then it would merely perform exactly like gold but it is over performing which means there is an additional irrational component driving bubbles and busts.