> Crypto is "cult by design" in much the way all greater-fool scams are. Only if you think Gold is also a "cult by design" > I dont think anyone has ever yet

> Crypto is "cult by design" in much the way all greater-fool scams are. Only if you think Gold is also a "cult by design" > I dont think anyone has ever yet explained how this is meant to function as a currency. I don't think anyone has ever yet explained to me how a fish can fly :-p. To be more serious, I don't think Bitcoin is a currency. I see it as an equivalent of digital gold - a store of value. > extremely deflationary assets are terrible currencies. Agreed. But they are great as a store of value. > at some point the tail won't be long enough I don't see it as a pyramid. For someone in Venezuela, Russia or Zimbabwe where currency may go in a free fall, Bitcoin offers a way to both store their savings and to take those savings with them easily as they flee the regimes. See this[1] story about Afghani girls who use bitcoins. That is a real world example. > It is just a bigger-fool scam, so it won't work Hacker news is famous for bookmarking and surfacing comments after a decade. Want to bet? Let's just agree on a definition of "won't work". here is what I propose: today, Bitcoin market cap is ~777B USD[2] and per BTC price is ~41K USD. On Apr 11th 2032, per BTC price will be greater than or equal to 41K USD[3]. Are you up for this bet? [1] https://www.reuters.com/article/crypto-currency-afghanistan/feature-salaries-to-remittances-afghans-embrace-crypto-amid-financial-chaos-idUSL8N2QU39A https://www.reuters.com/article/crypto-currency-afghanistan/... [2] https://coinmarketcap.com/ https://coinmarketcap.com/ [3] I know that some USD bears will call out decline in value for USD itself, but I still trust the stability of USD as well and I see BTC's use case mainly for despotic regimes without any easy stores of value.