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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment

Re:Bitcoin surpasses $50K as major companies jump into crypto by saalweachter on Wednesday February 17, 2021 @11:46AM (#26168422)
... when people make money off Bitcoin, where does that money come from?

At least when the scam is selling shares of an imaginary gold mine, there is hypothetically somewhere for the profits to come from. With Bitcoin, there is only a $12B/year loss to electricity charges and no where for money to come into the system but absurd transaction fees.

[ Parent | on HN ]
Re:Bitcoin surpasses $50K as major companies jump into crypto by fwiwm2c on Wednesday February 17, 2021 @08:43PM (#26174432)
My brain hurts when reading these silly replies. It is like you don't want to learn how things work. BTC has value because people assign to it and there is new money coming in (fiat converted to BTC) which is what makes the existing investors rich.

You all do deserve to stay poor and be labeled as #nocoinists.

[ Parent | on HN ]