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Aoife O'Donovan: Tiny Desk (Home) Concert

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Hecuba's daughter5/10/2022 7:52:27 am PDT

re: #103 Dopamine Fish

Bitcoin is a great investment - if you’re one of the “in crowd”, the ones who started bitcoin and hold most of the early minted coins. I’ve mentioned this before; bitcoin was designed, from the ground up, to reward early adopters, because each future bitcoin is exponentially more difficult to mine than the last. It’s done nominally to “control inflation” and give some semblance of stability to the things, but let’s face it - there’s no stability there, it’s worth whatever the cryptobros decide to sell it for at a particular time.

Hmmm — sounds like an heir to Ponzi. A steady supply of new “marks’ have to join so the old ones can be paid off.