Re:Bitcoin Surges Past $7,000 to Extend Record Rally
by mrb on Thursday November 02, 2017 @12:23PM
(#15611807)
By your definition, this still leaves FX trading as a "pyramid scheme". Trading fiat for fiat doesn't "put up capital to create something".
[ Parent
| on HN ]
Re:Bitcoin Surges Past $7,000 to Extend Record Rally
by matthewmarkus on Thursday November 02, 2017 @12:56PM
(#15612112)
In FX trading people are putting up capital to create exchange ratios, which is information. Right now people are putting up capital to determine how much coin issued by a central bank with a "deflationary" bias written in code and run and administered by a collective (i.e., Bitcoin) is worth vis-à-vis USD. Something is most definitely being created.