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«they buy it and what you holding increases in value, then tell them to do the same.» Literally the same happens to any investment: tell people to buy stock X,
by mrb 6y ago
«they buy it and what you holding increases in value, then tell them to do the same.»
Literally the same happens to any investment: tell people to buy stock X, time share Y, precious metal Z, that it's awesome, so it gains value, etc
The fact is Bitcoin/crypto is revolutionary. For example it allows merchants to cut down on fraud, since a payment received in BTC is irreversible, so chargeback fraud is impossible. It enables instantaneous B2B international payments. It allows escaping your country inflationary currency. It's censorship-resistant. It empowers the unbanked & underbanked.
- chopin 6y agoIt one-sidedly favors the merchant, though.