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I feel like a good modern way to explain Bitcoin is to say it's like the gamestock drama from two weeks ago, except the people who have bitcoin are playing both
by agloeregrets 6y ago
I feel like a good modern way to explain Bitcoin is to say it's like the gamestock drama from two weeks ago, except the people who have bitcoin are playing both r/wallstreetbets AND the hedge funds. Just inflating the price of something hat doesn't make sense at all to inflate without volume.
The value is made up and the economics (and lack of eco-validity) don't matter! Eth's new developments may fix this but 99% less is still a lot without investment.
A more fun way to frame this story is 'Self-aggrandizing Green-tech company admits to supporting use of payment processor that uses more than 1000X more power than other options'