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Veritasium: Explaining Concrete While Getting Buried in It

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Nerdy Fish4/24/2023 4:38:28 am PDT

re: #77 JC1

Not a crypto advocate for use in first world countries. I will just add that aside from Bitcoin, every crypto can be inflated infinitively at the behast of a small group of people. Bitcoin, at least, seems impervious to such wims.

Bitcoin is a Ponzi scheme, designed to benefit the early adopters at the expense of people who are late to the game. While you’re correct in that its design makes it resistant to manipulation, it’s just as much a scam as the other cryptocurrencies. It wasn’t until after Bitcoin was out in the world that the techbros realized they could simplify their scams by making unstable coins that they could mint at will and rubes would buy just to be “hip.”