Re:Ask HN: Anyone lost a lot of money with NFTs/Cryptos? Wha...
by spacemanspiff01 on Tuesday October 24, 2023 @12:54PM
(#38001878)
Ha, yeah I remember in high school looking into Bitcoin, thought it was cool.
Then I realized it would never be useful as a currency due to the Bitcoin cap making it deflationary.
I still don't disagree, and most of Bitcoin is speculation and fraud, but the correlation of Bitcoin being deflationary is that the value will only go up.
Then I realized it would never be useful as a currency due to the Bitcoin cap making it deflationary.
I still don't disagree, and most of Bitcoin is speculation and fraud, but the correlation of Bitcoin being deflationary is that the value will only go up.
So, Doink.