I think Bitcoin is great, and I believe it’s going to revolutionize the way we do finance. Also, it’s not a pyramid or Ponzi scheme, unless you have no idea what those words mean.
But even though I own some BTC, I find the current rise in its value highly problematic.
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It's not a pyramid but in many ways it doesnt deliver promises, also wastes to much energy. theoutline.com/post/2592/bit…
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Arguably, the problems are its ties to the existing system. It’s sad that it has become a speculative asset, and that its value creates the incentive to waste so much energy
Dec 9, 2017 · 5:55 PM UTC