Quote from: cryptoboss2020 on December 15, 2020, 02:35:01 AM

Quote from: as.exchange on December 14, 2020, 08:58:53 PM

I know this post might sound ridiculous, but I just want you to think about this…

With the current socio-economic development (worsening) of situation, rich are getting richer, poor are getting poorer. Young generations are either trapped in “forever middle class”, or slip to the poverty, or understandingly (or not) work 9-5 (in some places 9-9-6) like in modern slavery…

However, the poor (not literally poor) ones want to show off, want to get hot girls, want to get attention from rich guys, want to show they also belong to the elite class. So what they can do? – They pretend to be rich / from higher social class.

This is one of the emotions / social factors well played by iPhone in the early days. While it was not the best option from functions, from what it could do, it was priced higher than the same Android-based models. Apple refused to compete in the same old “mobile phone” space, and made out of it a life-style or new generation, where you can be upper class, while not being from there actually (google the stories people selling kidneys or taking loans to buy the new iPhone). And they succeeded! Now if you don’t have the newest iPhone – you are not cool, and “even more poor than me“, while the real elites would be buying Vertu and those phones, “fake rich” happy showing they are rich, while not being one of them. And happy to overpay for it Wink

Then comes Tesla. While being highly disadvantageous in terms of performance, design, external/internal interior design, and anything you can imagine as compared to the available at that time cars, they overpriced the very first model, added the ESG b*shit hype, and allowed you to feel part of the “elite new community” who care about environment, who own a car like iPhone (highly manageable from phone, etc.), and they refused to compete in the same pricing category as BMW, Ford, Nisan, etc. And they overpriced it. The story afterwards you know well too Wink

With all the “fake rich” class people needed a new way of showing they are rich, while not being rich / failing to be rich. And Bitcoin, while not being created for that purpose (or being – idk), became a perfect target. Just think about it – you can own a line of code, and nothing more, but be a billionaire sitting on a large pool of digital currency.

YOU LITERALLY OWN A PIECE OF CODE, BUT YOU ARE BILLIONARE PERIOD

What is gonna happen once the post-apocalyptic scenarios come true? When/if there will be no electricity, computers, phones, etc.? People will value no US Dollar backed by state promise to pay off debt… your decentralized piece of code will not exist anymore (I do know about some offline-friendly cryptocurrencies)… only gold or natural resources will become valuable again.

While I do know many “Bitcoin evangelists” will probably hate me for the words above, but don’t you think that Bitcoin intentionally or unintentionally became the new asset for the “fake rich”?

Bitcoin is good just for money grab
Year 2017 shows dont be late dont be the bag holder!!

Like all the Investment Bitcoin is no Different main thing just dont be the that last guy the bag holder.

So you think bitcoin is a ponzi lol, how near sighted are you. If people use bitcoin to "buy" things then how can it be a money grab? You aren't the first and you won't be the last to say it :/