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/biz/ - Business & Finance

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18682627 No.18682627 [Reply] [Original]

>> No.18682658

Wow, it was a pump and dump scheme from the beggining.

>> No.18682674

>>18682627
its a ponzi. for btc to be like metals, lost coins would need to returned to the pool at some point. when someone dies, their gold still exists somewhere in the universe.

>> No.18682703

>>18682658
yeah except its literally designed to never stop pumping

>> No.18682713

>>18682674
Yeah but sometimes ships sink with gold coins on them.

>> No.18682742

>>18682713
and they can be found eventually, they havent disappeared behind an unhackable mathmatical problem

>> No.18682764

>>18682627
Second to last paragraph.
>we

>> No.18682781

>>18682713
and some retards send coins to addresses they can't access or die and their private keys die with them.

>> No.18682803

>>18682742
Not really if they sink in deep enough water. At least it wouldn't be worth it to recover them.
The fact is, gold does get lost and not recovered. The fact that it's technically possible to recover it vs being lost to mathematical impossibility is a distinction without a difference

>> No.18682970

The ponzi has run its course

>> No.18683080

>>18682627
HEX is satoshi's vision

>> No.18683095

>>18682627
wow!! its literally the same as every other national currency on earth

>> No.18683159

>>18682627
such a great idea to build nothing on btc and put all focus on the ponzi aspect.. how can you not see that blockstream are hired killers?

>> No.18683167
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18683167

>as the number of users grow
yea that's been a problem for years now kek unless buying bitcoin on an exchange is called usage

>> No.18683192

>>18683167
It literally is

>> No.18683227

>>18682627
>>18682674
>>18682970
>>18683159
How do ponzi schemes/pyramid schemes collapse?
Seems that is the necessary question to answer first before determining whether this even applies to bitcoin or not.

Like afaik in ponzi schemes, everyone above gets paid by new people buying in. Whilst in bitcoin, you don't necessarily get paid unless you wanna cash out. And the same people who are already in can keep buying in. Seems significantly different to me.
Sounds more like the stock market.

>> No.18683236

Well said Hal

>> No.18683442

>>18683192
I see so I press a button on a centralised exchange which changes some numbers on its own database and Bitcoiners call that usage. Lmao.

>> No.18684517

>>18682742
You can also hack lost coins eventually.