Author Topic: Good article that details exactly why the bitcoin is a pyramid scheme  (Read 78395 times)

chaotic neutral observer

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Re: Good article that details exactly why the bitcoin is a pyramid scheme
« Reply #330 on: March 29, 2021, 03:24:01 pm »
Proxy wars are much more fun cos they're a lot less effort, right?
Nah.  Direct engagement is way more fun than watching youtube videos, and I find it's usually worth the effort.  But if you don't feel like refining your ideas in pitched battle, that's up to you; cno-brand discordianism isn't for everyone.


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Re: Good article that details exactly why the bitcoin is a pyramid scheme
« Reply #331 on: April 04, 2021, 11:40:25 pm »
This week in crypto

Morgan Stanley - in.
Goldman Sachs - in - predicting $130 this year (they're nothing if not conservative)
Visa - in. Shifting USDC on Etherium network no less - go to the top of the class!
Mastercard - paddling like a bunch of little FOMO ducks trying to catch up

BTC Volatility down, no surprises there
BTC/S&P 500 correlation down, same with gold - side bonus, makes it a more attractive asset class for diverse portfolios

Mainstream adoption - never going to happen apparently :lulz:
I'm up to my arse in Brexit Numpties, but I want more.  Target-rich environments are the new sexy.
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Re: Good article that details exactly why the bitcoin is a pyramid scheme
« Reply #332 on: April 14, 2021, 03:38:30 pm »
I haven't strictly perused the entire thread; but an old acquaintance of mine wrote what is probably the definitive work on Bitcoin history and viability, and cryptocurrencies in general.

Attack of the 50 Foot Blockchain by David Gerard

A pretty comprehensive explanation of why crypto-currencies in general, and Bitcoin in particular, are little more than a techno-libertarian pipe dream at best, and an outright scam at worst; and why they're technically not even a currency, but function more as unregulated securities.
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