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A comment on 10 years of whatever this has been. Parent comment

Re:10 years of whatever this has been by oblio on Thursday November 18, 2021 @06:22AM (#29264252)
I don't think there's been any purely financial Ponzi scheme that lasted more than 50. And definitely not on this scale. At some point you run out of suckers :-)

I'm curious when this crash will happen and we see the hype go away and see some valid blockchain uses.

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Re:10 years of whatever this has been by caf on Thursday November 18, 2021 @06:41AM (#29264357)
Bitcoin needs even more fresh meat than the average "purely financial" scheme because there's an unavoidable amount of value leaving the scheme every day just to pay for electricity to keep the whole show rolling.
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Re:10 years of whatever this has been by pcthrowaway on Thursday November 18, 2021 @08:52AM (#29265323)
Bitcoin yes, but the cryptocurrency market as a whole is moving towards proof of stake cryptocurrencies which don't have this specific issue. In 4-10 years I don't think Bitcoin will still be the most valuable cryptocurrency by market cap.
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