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Your 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
by babypuncher 4y ago
Your 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.