prove bitcoin isn't a ponzi scheme

submitted by faggotry999 from (self.bitcoin)

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[–]AnarchySpeach 8 insightful - 3 fun8 insightful - 2 fun9 insightful - 3 fun -  (1 child)

but a bitcoin is not actually useful itself, it doesnt actually do anything. so its worthless then.

so can you explain how it has any worth.

You've just explained the entire concept of economics in 3 sentences.

e.g. the gold standard is realistic because gold is a tangible resource, gold is actually used for stuff.

U.S. Dollar hasn't been on the gold standard for quite some time, yet I can still buy gold with it.

You can also buy gold with bitcoin.

Things are literally worth what people believe it is. What the concept of "currency" did was streamline the bartering system. Possibly for the worst, but we got technology as a result, so it isn't all bad.

Also: Be careful what wallet you use for your bitcoin. There's a lot of them designed to steal from you.

Edit: Don't steal the steel.

[–]beermeem 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

*Steal

Steel. Now, there's a currency.