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There is literally zero functionality in bitcoin that states one gets richer from getting more people in. That's called supply and demand. I'm a big fan of cryp
by andirk 4y ago
There is literally zero functionality in bitcoin that states one gets richer from getting more people in. That's called supply and demand. I'm a big fan of crypto but I also see these huge peaks and valleys in valuation as a sign that it is treated as a get-rich-quick scheme by many, but bitcoin exists as a means of transacting value outside of state-owned currency. It's pretty rad, but unhinged speculation paints it as a casino. 40x valuations of the next photo sharing app is speculative and outright bullshit too but we don't say photo sharing is an MLM.
- senttoschool 4y ago>That's called supply and demand. What do you think causes the demand for BTC? I'll give you a hint: FOMO. Which is perpetuated by existing Bitcoin holders. Basically like MLM.