larrychatfield t1_j7sgh5t wrote on February 9, 2023 at 2:03 AM

It was very obvious to most people that bitcoin was a ponzi scam from beginning but people with $ and influence made lots of $ being at the top of these pyramid schemes so they embraced it and allowed it

ClubChaos t1_j7skix3 wrote on February 9, 2023 at 2:33 AM

The great irony with btc is it's evangelists will scream from the mountain about it's decentralized nature. The reality is by virtue of it's limited supply and economic model, it's distribution results in an even worse reality than we have now with economic disparity. It's fucking hilarious. I mean, it's not really funny, because if BTC succeeds it's going to destroy the world economy (and it's already leaving scars). More of haha this is actually terribly representative of the greed in this world.

macrofinite t1_j7t342v wrote on February 9, 2023 at 5:05 AM

It’s terribly representative of the outcome of libertarian ideas in general, you mean.

Great if you’re already wealthy, sometimes. Horrifying if you aren’t.

KayakerMel t1_j7x9tny wrote on February 10, 2023 at 1:26 AM

Thanksgiving with my crypto bro cousin has been a lot more chill since bitcoin crashed.