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Yet most people purchasing Bitcoin are treating it as an asset denominated in USD, not a currency.
by kritiko 6y ago
Yet most people purchasing Bitcoin are treating it as an asset denominated in USD, not a currency.
- loceng 6y agoThey're also treating it like an MLM - where they know if any significant amount of people sell before regulatory capture occurs - then their Ponzi-Pyramid scheme will crash; the ones with the most to lose are the later adopters who buy high, and ones with the most to gain are the earlier adopters as gains are weighted towards earlier adopters. It's quite the clusterfuck.