Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
I think bitcoin was hijacked.
Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.
Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
And here we are now, full blown fiat.
I think bitcoin was hijacked. Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.