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Re:Bitcoin climbs to $10k by seibelj on Saturday June 22, 2019 @08:41AM (#20249303)
You can make an argument against the asset itself and it’s utility. But parent was arguing that the fact early adopters captured a majority of the gains makes Bitcoin evil doesn’t make sense to me. I’m happy that crypto nerds won this time over the usual suspects of VCs, family funds, etc.
Re:Bitcoin climbs to $10k by loceng on Saturday June 22, 2019 @08:46AM (#20249324)
What value has Bitcoin et al brought anyone other than earning them "profit" because they were earlier in the Pyramid-Ponzi scheme - or at a low point before price went up and sold before the bubble(s) popped?
Re:Bitcoin climbs to $10k by seba_dos1 on Saturday June 22, 2019 @08:56AM (#20249365)
Ok, I'm not a huge fan of the crypto craze, but ignoring providing a solution to the problem of trust in decentralized networks and implementing a working payment network on top of that is just a blatant ignorance.

The solution is massively unelegant and unlikely to be worth so much long-term as markets are predicting now, but it definitely does provide some tangible value and it's pretty stupid to imply otherwise.

Re:Bitcoin climbs to $10k by loceng on Saturday June 22, 2019 @11:34AM (#20250130)
Simply asking for what value has Bitcoin et al provided isn't the same as a statement that states it doesn't cover some areas of value, however pros existing doesn't necessarily negate the cons - doesn't mean there's a net benefit to them existing. Ignoring that a solution for 'trust in decentralized networks' can't be solved in other ways, like normal real-life trust networks, where people make a decision of who they trust for this vs. having "blind trust" is in fact blatant ignorance.
Re:Bitcoin climbs to $10k by roboys on Saturday June 22, 2019 @08:56AM (#20249363)
This ponzi has better rules than the ponzi your government created for you by default. It is as simple as that.
Re:Bitcoin climbs to $10k by loceng on Saturday June 22, 2019 @11:54AM (#20250228)
Very easy to argue that's not the case.