"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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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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Bitcoin's had no net change in value since late 2017, just huge volatility. If I bought a DJIA tracking fund in Nov. 2017 I would have a positive return on investment whereas a bitcoin buyer from the same month would have zero return.
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