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> It's not even inflationary And that's exactly the whole point, and is the very reason it's working. > a pyramid scheme Then every other successful investme
by oafitupa 12y ago
> It's not even inflationary
And that's exactly the whole point, and is the very reason it's working.
> a pyramid scheme
Then every other successful investment is a pyramid scheme. Gold is a pyramid scheme! Storing food for catastrophes is a pyramid scheme! Paintings are a pyramid scheme!
- ufo 12y agoNot every investment has to be a pyramid scheme. If you are generating value or selling a product then you end up with more money than what your investors are putting in. What makes bitcoin into kind of a pyramid scheme is that right now a big part of the reward for miners is the 25 bitcoin you get from mining a block. Only a very small fraction comes from the transaction fees. The only way to keep bitcoin stable is by having a constant supply of new users buying into bitcoin by acquiring those fresh bitcoins from the miners.