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Likewise Amway is a great company because its CEO sometimes donates to charity. I mean seriously, is this a real argument. Bitcoin is good because one person w

Likewise Amway is a great company because its CEO sometimes donates to charity. I mean seriously, is this a real argument. Bitcoin is good because one person who got rich from it happened to be philanthropic? Where do you think that money came from? The answer is other "investors" who were told Bitcoin would make them rich. If the best justification for Bitcoin's existence is the Pineapple fund, Bitcoin must be the stupidest charity fundraising effort of all time, which is saying something. The intrinsic value which Bitcoin provides is that it is as a currency, i.e. a way to transfer and store value. But as the Bitcoin detractors in this thread point out, it's value in this role is far outweighed by its costs.

capableweb 5y ago
> I mean seriously, is this a real argument. Yes, it's a real argument against "There isn't a single redeeming quality about Cryptocurrency". I agree that not everything with cryptocurrency is good. In fact, I'd argue most uses today are bad, and only a few are good. But I haven't argued for that everything about cryptocurrencies are good. Remember; "Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith."
- zucker42 5y ago
  A rich Bitcoin owner donating money to others isn't a redeeming quality of cryptocurrency, it's a redeeming quality of a person who owns cryptocurrency. It has nothing to do with intrinsic qualities of Bitcoin, and so I don't think it redeems Bitcoin in the slightest.