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I find bitcoin entertaining, and incrementally so the more I have.
by notch656a 4y ago
I find bitcoin entertaining, and incrementally so the more I have.
- shkkmo 4y agoWould it still be entertaining if you owned all the bitcoin and nobody else used it? Pinball can be entertaining without a market for pinball machines, I don't see how bitcoins would be entertaining if there were no market for them.
- anon291 4y agoGreat! So long as people like you exist, bitcoin has value .In fact, in my opinion, the entertainment aspect has been the main driver of bitcoin and other crypto value over the past year. In fact, almost any pump and dump is really fun for all players. It only settles in after you end up bag holding. It's like gambling.. People consistently love to lose money. So if you view bitcoin as a consumable you are consuming to provide entertainment to you, that's great. I'd personally take a lower cost source of entertainment, but to each his own.
- deleted 4y ago[deleted]
- babypuncher 4y agoYour enjoyment on bitcoin is likely contingent on mass participation. If you owned all of it, your entertainment-per-BTC would probably be a lot lower. Pinball machines are fun with or without this. Warren Buffet is saying he wouldn't want all bitcoin (in this hypothetical scenario where it is 100% concentrated under a single owner) because there is no reason for him to believe he could sell it to anyone. Creating demand for essentially nothing is way harder than creating demand for something that has immediately demonstrable economic value. This is why crypto is so full of scams and pyramid schemes and shady marketing.