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Exactly Bitcoin is the equivalent of a pyramid scheme. It rewards the early adopters and needs new users for the whole scheme to succeed. This 'bet' is nothing
by taligent 14y ago
Exactly Bitcoin is the equivalent of a pyramid scheme. It rewards the early adopters and needs new users for the whole scheme to succeed.
This 'bet' is nothing more than a publicity stunt to convince people that Bitcoin is a no-brainer investment.
- earnon 14y agoIt's not a pyramid scheme. Although it does reward early adopters for taking a risk, eventually price should stabilize at a real world value (as opposed to a dollar value. As long as we keep printing dollars, the real world value of a dollar will decrease. The value of a bitcoin should always increase relative to the dollar).
- CamperBob2 14y agoAs long as we keep printing dollars, the real world value of a dollar will decrease. Assuming no corresponding productivity gains occur.