this post was submitted on 21 Dec 2023
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Proof of twerk (lemmy.world)
submitted 10 months ago by themaninblack@lemmy.world to c/memes@lemmy.ml
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[–] asuka@sh.itjust.works 1 points 10 months ago (1 children)

By being designed a deflationary currency, Bitcoin price was "doomed" to repeatedly spike with every halving. The "scammers", then, are the people who got in early and hoarded Bitcoin.

[–] nexguy@lemmy.world 1 points 10 months ago (1 children)

So then the people who buy paintings from deceased artists are also scammers? They thought the exact same thing...I want to but this intrinsically useless thing that I think will increase in value because only a finite number exist and I think more people will want it in the future.

A scam is a deception of some sort. BTC is open source. No one is tricked into buying it any more than artwork.

[–] asuka@sh.itjust.works 1 points 10 months ago

Paintings are beautiful. Products are useful. Bitcoin is... nothing. It's speculation. Any time when it could have been used as a practical currency is long gone.