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re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/24/21 at 7:58 pm to jamiegla1
Posted on 12/24/21 at 7:58 pm to jamiegla1
quote:
which is saying that its value is based on nothing but its users
the value is based on being money where the supply and issuance is not controlled by oligarchs
person A holds their wealth in dollars (down 6% on the year)
person B holds their wealth in bitcoin (up 110% on the year)
one is preserving their wealth with a capped supply, the other has to hope sleepy joe and elizabeth warren dont print trillions more every single year
good luck lol
This post was edited on 12/24/21 at 8:03 pm
1
Posted on 12/25/21 at 12:13 pm to rocket31
quote:
the value is based on being money where the supply and issuance is not controlled by oligarchs
person A holds their wealth in dollars (down 6% on the year)
person B holds their wealth in bitcoin (up 110% on the year)
one is preserving their wealth with a capped supply, the other has to hope sleepy joe and elizabeth warren dont print trillions more every single year
good luck lol
Currency was used to purchase bitcoin. It is then like any other stock except that it has no inherent value. Im not opposed to making money. I just wish people stop pretending that bitcoin has some kind of intrinsic value. Its noting more than a way for people to try and get rich quick. And maybe launder money or purchase black market goods
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