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A decentralised ledger with smart contract is just tech. It's not that impressive and it's not a ponzi scheme. Any currency which is not backed by real resour
by jokethrowaway 6y ago
A decentralised ledger with smart contract is just tech.
It's not that impressive and it's not a ponzi scheme.
Any currency which is not backed by real resources is a scam. Including fiat in the last decade - albeit fiat is a scam backed by state actors with armies, making it a bit more trustworthy
- puranjay 6y agoState actors with armies haven’t exactly helped a lot of fiat survive. Ask a Venezuelan if he would rather have BTC vs his native fiat.
- nonameiguess 6y agoThe Bolivar was introduced in 1879. To its credit, it lasted until Black Friday in 1983 as the most stable and internationally accepted currency in all of South America. It's been mostly downhill since then, but 104 years is a decent run. None of us will be alive in 2112 to see what becomes of Bitcoin, if it even still exists then.