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As a generator of wealth, it has been very reliable.
by k33n 3y ago
As a generator of wealth, it has been very reliable.
- ceejayoz 3y agoSure, just like cocaine.
- digging 3y agoNot at all, it's largely grift-based wealth which by definition means there are more losers than winners
- allannienhuis 3y agoI think it's worse than that - as far as I can see it's only moves wealth from one pocket to another. Usually many pockets to few pockets. I've not heard of how it's increasing labor efficiency or enabling completely new capabilities for anyone, with maybe a few minor exceptions. So its really a pretty successful parasite.
- k33n 3y agoBitcoin has produced nothing but returns for long-term holders.
- allannienhuis 3y agoyes, that's exactly my point. it's moving money from newer gamblers to previous gamblers. it's not actually enabling much new economic value.
- throw4847285 3y agoGenerator of wealth for whom?