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It looks like Paypal is acting in full accordance with laws and regulations. Since when complying with regulations is considered "stupid"? > planet destroying

• yashg 4y ago
  Bitcoin does not have any intrinsic value or utility. The only reason one would buy it so that it can be sold to someone else for a higher price and that person would buy it hoping to sell it at an ever higher price. It's a game of finding a bigger fool, classic ponzi. But the world has finite supply of fools so the chain eventually breaks and the last ones to enter end up holding the bag while the early adopters make the bank. Bitcoin has entered that stage where not much new money is coming in. It had its peak in the 2020 and 2021. General public is now donw with it. All the pumps are now just wash trades by whales to suck as much remaining value our of existing faithfuls as possible because it goes bust.
  • codedokode 4y ago
    Can we say the same thing about gold? It has no value and almost no use (it can be replaced by any similar looking metal for use in jewelry), but is very expensive and people are more than willing to buy it. Banks set high commissions for operations with it and governments impose high taxes.