4 ms·
There's always a greater fool
by technobabbler 5y ago
There's always a greater fool
- xwdv 5y agoFools eventually will no longer be created at a rate sufficient enough to sustain current prices.
- astoor 5y ago> "Fools eventually will no longer be created at a rate sufficient enough to sustain current prices." The world population has been increasing by between 1.05% and 2.2% per year over the past 50 years[0]. Remember also that faith in cryptocurrency operates in the same way as the spread of infectious diseases[1], so some previously infected hosts can lose immunity over time and become reinfected. [0] https://ourworldindata.org/world-population-growth https://ourworldindata.org/world-population-growth [1] https://www.theguardian.com/technology/2018/apr/10/bitcoin-soaring-value-buyers-infectious-disease-barclays-economists-say https://www.theguardian.com/technology/2018/apr/10/bitcoin-s...