GoingMadlem

In case there’s any confusion here: I’m not an expert on this topic. I’m sharing for precisely the opposite reason. The idea was new to me. This is not a position I hold or am attempting to advocate for. It’s absurd that this is something I might have to clarify.

Bitcoin is deeply irresponsible from an environmental perspective, and it's also just a total house of financial cards. It's based on literally nothing, so you're just forever crossing your fingers that other people will keep getting FOMO and buying in.

I mean, isn't the USD based on literally nothing at this point?

It's based in trust on the US to continue existing as a world financial power. You can argue for days about whether or not that's likely to continue, but "the entire US economy" is a tangible thing. Comparing it to magical computer dollars is very silly.

Honestly, this sounds like a very similar argument that some old time paper players use against Magic Online.

I don't think comparing the purchase of digital gamepieces to cryptocurrency holds water. Besides, MODO is also risky from an investment perspective, as the vLue of those cards could also crash for any number of reasons.

People buy MTGO cards to play MTGO, a program that requires you to own MTGO cards to use. If people were dumping their life savings into MTGO collections because "they'll only keep going up!" I'd be screaming at them too.

I 100% agree with you that the bitcoin crowd mostly got lucky and are also also mostly insufferable. I also don't think that bitcoin itself is necessarily a bad investment, although I wouldn't buy in at near 40k.