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I mean, this is the only reason Bitcoin has made it mainstream, no? The hype has onboarded tens of millions of layperson speculators who are now financially inv
by loceng 6y ago
I mean, this is the only reason Bitcoin has made it mainstream, no? The hype has onboarded tens of millions of layperson speculators who are now financially invested in the MLM-Ponzi scheme - and they're all hoping, the army of HODLers, to get the rest of society to adopt - so it's the latest adopters left holding the bag - meanwhile then in the structure, the agreement that wealth is unnecessarily, unreasonably, transferred to the earlier adopters (via the "current price" being higher than their buy price).
- seibelj 6y agoFor a relatively quick read with an alternative perspective, check out The Bitcoin Standard https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861 https://www.amazon.com/Bitcoin-Standard-Decentralized-Altern... There is a logical explanation as to why bitcoin could be very valuable in our current world. It is because it cannot be inflated beyond the 21 million cap. If you have an open mind, give it a read!
- loceng 6y agoThanks for sharing. There are other viable better options that simply don't get exposure, or thought by pro-Bitcoiners, as they aren't financially aligned with their investment - though better because they would use blockchain but would be leveraging real life trust networks like of those of governments of democratically elected governments agreeing to use a specific system with other democratic nations.
- cmoscoso 6y agoblockchain tech is definitely the future. /s