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The real problem is treating them like investments, when buying/spending is what makes them valuable. I bought $1000 worth of BTC in ~2006. If I'd held onto it
by NaturalPhallacy 5y ago
The real problem is treating them like investments, when buying/spending is what makes them valuable.
I bought $1000 worth of BTC in ~2006. If I'd held onto it I would...probably not be a millionaire today, even if the math says so, because it was band new then, and using them is what makes them valuable.
It's a tragedy of the commons problem I believe.
- gruez 5y ago>I bought $1000 worth of BTC in ~2006. that might be hard to do: >On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block. https://en.wikipedia.org/wiki/Bitcoin#Creation https://en.wikipedia.org/wiki/Bitcoin#Creation