"Bitcoin is just one big ponzi scheme. I understand what I think you guys think it is but to me it is a ponzi scheme that you get in and you have to be the one not left holding the bag" - @stoolpresidente
Oh dear Dave, by that definition every publicly traded asset is a Ponzi.
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"Oh, but I'm only issuing 100 shares of this stock so its value can only go up as demand increases"
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Does anything change if the issuer of that stock is a government that can always issue more and say that everyone must accept it & be paid in it (thereby guaranteeing demand). I.e Guaranteed demand via fiat versus guaranteeing supply via code.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is why I've watched "Trading Places" so many times and never understood the ending once. They sold something they didn't have and then bought back the thing they didn't have and made money at the end somehow
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They arranged a lot of contracts to sell it at $1.43 and a lot more contracts to buy it at $0.29.
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