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Re:Bitcoin is a Ponzi by wpietri on Thursday October 07, 2021 @01:09AM (#28782267)
It's not finite. The supply of cryptocurrencies is effectively infinite. There's almost no barrier to entry. In the closest historical equivalent, the wildcat banking era, at least you had to have state-chartered bank. [1] But what's it take to launch a cryptocurrency these days? Is it anything beyond a tech guy, a marketing guy, and a a credit card with a little room?

[1] https://en.wikipedia.org/wiki/Wildcat_banking

Re:Bitcoin is a Ponzi by hanniabu on Thursday October 07, 2021 @06:39PM (#28793029)
The supply in different cryptos is infinite, but the supply of any particular crypto may or may not be infinite. In the case of bitcoin which was the topic of discussion, it's finite. To say it's not is plainly false. Your (clear) bias is blinding you.
Re:Bitcoin is a Ponzi by wpietri on Sunday October 10, 2021 @04:37PM (#28821751)
Bitcoin is no longer the only cryptocurrency, and is competing for investor money with all the rest. If all of those were basically unused, I'd say you had a point. But since that's not the case, I stand by my view that "people that trade their fiat currency", as mentioned in the post I'm replying to, are a crucial part of the analysis.
Re:Bitcoin is a Ponzi by jspaetzel on Thursday October 07, 2021 @01:48AM (#28782575)
You don't really need a room to do it...
Re:Bitcoin is a Ponzi by wpietri on Thursday October 07, 2021 @10:54AM (#28787091)
Sorry, I mean a little room on the credit card for the initial spending.