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A comment on The biggest crypto lending company is a ponzi scheme. Parent comment

Re:The biggest crypto lending company is a ponzi scheme by fossuser on Saturday December 11, 2021 @12:32AM (#29518704)
It’s pointless to continue - you asked for “just one thing” then come up with reasons why the use case I gave doesn’t count. It wasn’t about trading, it was about being able to store value without needing trust in a central authority.

It’s hard to get dollars in Venezuela which is why this guy was relying on BTC. I never claimed BTC was superior to the dollar.

The iPhone is a product, Bitcoin (really blockchain and programmable money more broadly) is more akin to the web in 1996. It’s a protocol for money.

You can believe what you want, the nice thing about economic bets is it doesn’t matter.

[ Parent | on HN ]
Re:The biggest crypto lending company is a ponzi scheme by arcticbull on Saturday December 11, 2021 @03:12AM (#29519380)
You gave me a bad example haha. One Venezuela persons poor substitute for the USD they wish they could have is hardly a killer app. If you could come up with a good one you’d be wealthier than bezos.
[ Parent | on HN ]