BitCoin and other cryptocurrencies are based on the idea that, if somebody else thinks you’ve got something that’s more valuable than you think it is, they’ll give you more for it than you think it’s worth, and you’ll take the deal. This is the essence of all economics. It’s also the basis for every Ponzi scheme in history, because eventually you’ll run out of suckers who’ll willingly pay good money for something whose only value comes from having a continuing supply of suckers.
Templo S.U.D. almost 3 years ago
Question: where _ is_ “ta-coin” accepted?
zwilnik64 almost 3 years ago
Crypto can be freely exchanged with marks for government fiat. Very useful for that.
Not so useful for buying a pack of smokes or lunch at McDonald’s.
William Bednar Premium Member almost 3 years ago
Good one, Lalo! “Ta-coin”. Lol…
Richard S Russell Premium Member almost 3 years ago
BitCoin and other cryptocurrencies are based on the idea that, if somebody else thinks you’ve got something that’s more valuable than you think it is, they’ll give you more for it than you think it’s worth, and you’ll take the deal. This is the essence of all economics. It’s also the basis for every Ponzi scheme in history, because eventually you’ll run out of suckers who’ll willingly pay good money for something whose only value comes from having a continuing supply of suckers.
a swino almost 3 years ago
There’s no time like now to invest in the OG crypto: TOOLIPBULB