• Asuka@sh.itjust.works
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    10 months ago

    By being designed a deflationary currency, Bitcoin price was “doomed” to repeatedly spike with every halving. The “scammers”, then, are the people who got in early and hoarded Bitcoin.

    • nexguy@lemmy.world
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      10 months ago

      So then the people who buy paintings from deceased artists are also scammers? They thought the exact same thing…I want to but this intrinsically useless thing that I think will increase in value because only a finite number exist and I think more people will want it in the future.

      A scam is a deception of some sort. BTC is open source. No one is tricked into buying it any more than artwork.

      • Asuka@sh.itjust.works
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        10 months ago

        Paintings are beautiful. Products are useful. Bitcoin is… nothing. It’s speculation. Any time when it could have been used as a practical currency is long gone.