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Message Subject Time to board the Bitcoin train
Poster Handle Anonymous Coward
Post Content
What makes you guys think bitcoin, litecoin, or any other crypto will surge to high levels in the near future?

These cryptos seem suspiciously identical to a ponzi scheme.
For the value to go up more people have to invest.

Early investors make good profits, those who join late might see the crypto crash and end up losing money.

How is crypto not a ponzi scheme, please explain that to me?
 Quoting: Anonymous Coward 40169223


I won’t mention any alt coins such as litecoin but I can give you my take on why BTC is here to stay.
People have continually digitalized things we hold dearly, photos, music, peeping on other people having sex. BTC is a store of value such as gold made digital. The main innovation of satoshi nakamoto and the early BTC developers was digital scarcity via the the invention of the blockchain. Before then everything digital could be copied into endless copies and therefore useless as a store of value.
So if a guy in Hong Kong wants to sell you his gold you two have to hire a third party to validate that he infact has gold and in a certain amount and then the hassle of shipping said gold. With BTC you not only cut out the middle man since it is trustless, you now can validate the value in a split second and send that value in a matter of seconds.
Well that’s not all but it’s a start for why I believe in the future for BTC.
 Quoting: Anonymous Coward 70799888


Everyone is using BTC to buy other alt coins.

banana2
 
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