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re: Follow up to Cosmo's Bitcoin Thread: A trip down memory lane
Posted on 3/12/24 at 1:43 pm to el duderino III
Posted on 3/12/24 at 1:43 pm to el duderino III
quote:That is a good one. A lot of usually smart posters coming off looking like idiots back then. Some even still digging their heels in the dirt (i.e. Russian)
this was a good one
Young, economics nerd duderino was very passionate about his theories
I ended up being sort of right though, it HAS played a role in subverting capital controls, though not to the extent I thought it would.
What the hell ever happened to doc fenton? Dude was my hero.
1
Posted on 3/12/24 at 2:35 pm to TigerTatorTots
quote:Why wouldn't I still be "digging my heels in the dirt" as you put it?
Some even still digging their heels in the dirt (i.e. Russian)
Bitcoin is STILL a digital ponzi scheme just like it was 10 years ago.
Bitcoin itself generates no income to increase its value. It relies completely upon new money coming in to drive up the price for the old money already invested.
That is the principle upon which ponzi schemes exist.
Nothing has changed. So why should I change my opinion about the eventual outcome for bitcoin?
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