/biz/ - Business & Finance

why does bitcoin have a public ledger?

It's amazing how people in the west think only about themselves and how they could profit while disregarding the greater picture of the problem. Making 100k out of Bitcoin doesn't make it "The future of economy" but the future of gambling and pyramid schemes.

The money has to come from somewhere to end up in your lucky pocket, and that somewhere is from all other people who invested but haven't pocketed their money yet. There is no booming industry that makes the profits it's just people circle jerking a rise in value of a non-existent merchandise. The only reason it's value grows is because there's a fixed number of Bitcoins. All the money in cryptocurrency systems now is a result of people like you investing in. Once everyone tries to pull back the money, guess what, there will be exactly the same amount as in the beginning but those who pull out first will profit and the last will lose. It's a ponzi scheme with a few extra steps

>Top strategist disses bitcoin as 'Bitcon' and says it meets all 5 criteria of a speculative bubble

http://www.businessinsider.com/bottom-line-bitcoin-2017-12

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