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Originally Posted by Gustoo
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This is actually a decent article and I agree that bitcoin is unique compared to bullshit digital assets, in a way.
The pyramid scheme aspect of all digital currency items is a little tough to get over though.
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Originally Posted by Wikipedia
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.
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Bitcoin is a pyramid insomuch as anything that can increase in value through network effects is a pyramid. IOW, it's not.
You can think of BTC as digital gold and all other coins as unregulated stocks in fintech startups.
There are obvious "headless pyramids" like Doge, Shiba, etc. There are tech projects with a token looking to solve real problems, ETH, HNT, etc. Then you have BTC. It's just digital gold. It's the best money ever made. Period.