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Hiromant 1 point ago +6 / -5

Still a Ponzi scheme.

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snowthunder69 0 points ago +2 / -2

tell me you know nothing about bitcoin, without telling me...

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ghost_of_aswartz 1 point ago +1 / -0

Here's the thing snow, it IS a ponzi scheme, but it's also a valid secure money system. It can be both. Expand your view

Here's how you start.

WHO owns the exchanges?

HOW is the exchange rate of bitcoin to USD (ie; the buy price) set?

Don't say scarcity. That is already proved incorrect because of wild volatility while people are still mining a scarce resource at a more or less steady rate at scale

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ghost_of_aswartz 2 points ago +2 / -0

full disclosure : i have mined 2.5 bitcoin in a mining pool in europe years ago. I still have some. I support cryptocurrency, especially those newer ones that are implementing quantum resistant algorithms, as well as ethereum as it is infrastructural and not simply a sunken cost of energy, time and expensive specialized equipment