[xorcist]

I don't know if I count as a Bitcoin apologist, but I'm intrigued why you would say so?

If I gave away a tulip bulb so every Alphabet shareholder, would that diminish the value of Google stock? What if I gave away a sports car?

It's weird free money, sure, but that's because someone is willing to speculate against you. The reason it's initially given away instead of sold is marketing. There are new coins being made every week and you have to stand out.

I don't see any more red flags than with every other altcoin out there. If anything the fact that Bitcoin value hasn't changed means the market doesn't value this new coin very much. It's unfortunate that Levine repeats the $700 value because it's not possible to trade in the open market yet.