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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 el duderino III
Posted on 4/14/13 at 11:58 am to el duderino III
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 on 4/14/13 at 12:22 pm to ZereauxSum
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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