Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 01/11/2024, 09:33:02 UTC

No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

 ¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.


Obviously, you are being sarcastic and I understand it clearly.


I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

 ¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.