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How did BitCoin pivot, though? Seems to me it has been BitCoin from the start, and seems unlikely to change. Also how is it a scam, if the technology is open?
by Tichy 15y ago
How did BitCoin pivot, though? Seems to me it has been BitCoin from the start, and seems unlikely to change.
Also how is it a scam, if the technology is open? It is exactly clear what BitCoin is and does. Everybody can take the specs and program their own client. Nobody can claim "BitCoin cures cancer" or something that.
Now if the current exchange rate is justified is another question. Also obviously people holding BitCoins are interested in making it more popular, as that is also related to the exchange rate.
I don't think that automatically makes it a scam, though. It is not so different from people invested in Google or Apple (either via stock or via technology usage) are interested in making Google and Apple more popular, as it increases the value of their investment.
Then again, perhaps the whole world is just a scam.