Post
Topic
Board Speculation
Re: Bitcoin made rich just a few but it ruined many
by
Tzupy
on 01/01/2015, 22:05:14 UTC
"Bitcoin made rich just a few but it ruined many"
Look, Bitcoin is zero-sum. For every win, there must be a lose. Somebody has to put in cash and not get it back. Bitcoin needs a lot of suckers losers to keep it going.

They're called HODLrs.

I can't agree completely. Only for 2013 and 2014, when the speculative value rose (and slowly deflated) much higher than the utility value.
IMO in 2012 the speculative value was closer to reality. And since bitcoin economy has grown from SR1 to clones with a larger market activity,
there still is a lot of utility value for bitcoin. Which utility value may rise in the near future if Openbazaar will catch on.