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US Politics 17w
Bitcoin — I don’t understand it; therefore, it must be a scam
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4
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Anonymous 17w

Has no utility outside of selling it to someone else for a higher price and then using this logic to hedge against inflation

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Anonymous 17w

i do understand it, that’s why i understand how it’s a scam lmao

upvote 3 downvote
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Anonymous replying to -> #1 17w

The hedge against inflation makes sense until you remember how volatile it is, how shady some exchanges are, and how heavily correlated it is with the S&P 500. When people get scared they don’t go to bitcoin. They go to bonds (except now), gold, other currencies, and sometimes just cash

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Anonymous replying to -> #2 17w

My favorite is when ppl say it’s decentralized and decoupled from the fed, and then say it’s also good when literally the biggest banks in the world decide they want to make cash off of it too

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