Is Buying Crypto Assets “Investing”

Re:Is Buying Crypto Assets “Investing” by DamnYuppie on Sunday May 06, 2018 @10:59PM (#17010087)

I don't see how Bitcoin is a pyramid scheme. I don't need others underneath me to be producing/selling/mining so that my existing BC have value. If you think it is a sham or a con that is one thing, but a pyramid scheme it isn't.

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Re:Is Buying Crypto Assets “Investing” by lopatin on Sunday May 06, 2018 @11:01PM (#17010100)

I think he meant ponzi-scheme, which would be true if Bitcoin didn't have any purpose. Anyways, this debate has been settled for us by the US government, it's a commodity.

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