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re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.

Posted on 4/14/13 at 11:58 am to
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 4/14/13 at 11:58 am to
quote:

And it really doesn't matter that bitcoin is a ponzi scheme. Eventually the price will collapse, they speculators will abandon ship, and it will begin to function as a currency.


I think it absolutely matters. If you're an average person, hell, even if you have above-average intelligence, the technology can seem pretty opaque. If on top of that, you have lots of people who did nothing wrong (other than put real money into this) lose there shirts I can't see it ever being widely accepted and used as an actual currency when it's barely that today.

Posted by lsu_tiger_az
AZ/LA
Member since Mar 2004
30404 posts
Posted on 4/14/13 at 12:22 pm to





quote:

I think it absolutely matters. If you're an average person, hell, even if you have above-average intelligence, the technology can seem pretty opaque. If on top of that, you have lots of people who did nothing wrong (other than put real money into this) lose there shirts I can't see it ever being widely accepted and used as an actual currency when it's barely that today.




Wiki disagrees with you....



Photo courtesy of the OT....




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