Quote:
Originally Posted by Castle2.0
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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.
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Looks like Castle is right again folks!
It's actually greater fool theory.
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Quote:
Originally Posted by Gatordash
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Can the government track bitcoin yet? I feel like a large part of why its so valuable is its a currency that governments have trouble tracking and therefore taxing, but then when that whole gas pipeline thing came up a few months ago I thought they were able to figure out where the bitcoin ransom was going and recover a lot of it?
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I think they said they were able to gank most of it back because one of the stealybois electrowallets was already compromised by them lol.
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