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Originally Posted by Show Me the Wire
I don't think it is a ponzi scheme. The problem is what is its value. Currency issued by a government is backed by the credit of the government. Whose credit is backing the value of bitcoin?
The true value of currency is what goods can you exchange for the currency. Bitcoin is sort of like the coins issued by the Continental in John Wick movies.
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You could make the same argument about other investments like (stocks). They have a value that is sometimes insanely low or high. Look at Berkshire Class A....
I do agree that crypto's are a bit more of a long shot and more speculative. Thats why the gains can and have shown to be much greater. Same for Risk.
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