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Non-programmers can be easily bamboozled by marketing: for example they may sincerely believe bitcoin stores energy in some magical way. For a dev there's no s
by nootropicat 5y ago
Non-programmers can be easily bamboozled by marketing: for example they may sincerely believe bitcoin stores energy in some magical way.
For a dev there's no such excuse - they know for a fact bitcoin isn't backed by anything and all energy used for mining is irrevocably gone, and that no mechanism exists for bitcoin holders to earn transaction fees (because miners are a separate entity). There's no escape from knowledge that bitcoin is a negative sum game - which means claiming it's anything but a new version of a ponzi is a deliberate lie.