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Bitcoin is totally elitist and mostly a vehicle for speculation.
by Synaesthesia 5y ago
Bitcoin is totally elitist and mostly a vehicle for speculation.
- throwvirtever 5y ago> Bitcoin is totally elitist and mostly a vehicle for speculation. I agree, but the parent poster does have a point. There are places where the economic situation has deteriorated to the point that using Bitcoin can solve some problems. Some things are worse than Bitcoin, but it's a rare phenomenon.
- scottiebarnes 5y agoLook around, everything is a vehicle for speculation, from houses to baseball cards to oil. Of any network that exists over the internet, Bitcoin is the least elitist. Participation is permissionless; anyone can spin up a wallet, and it requires no identification. Transactions are borderless, code is open source. No one can prevent you from sending/receiving at a protocol level.