Re:Bitcoin still makes no sense
by bawolff on Saturday December 05, 2020 @08:54PM
(#25320277)
I don't think bitcoin should be entirely dismissed as a scam (its more complex than that), but if we're going to compare it to a scam (and there are definitely plenty of scammers in the bitcoin ecosystem), i think its important to remember that neither scams nor speculative bubbles are new to human history.
[ Parent
| on HN ]
Re:Bitcoin still makes no sense
by scoopertrooper on Saturday December 05, 2020 @09:21PM
(#25320448)
The important innovation of Bitcoin (and the like) was that it democratised the ability to scam. A band of techno-utopians created a technology (ideology?) that made it much easier and cheaper to empty the pockets of the gullible.