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by mrb 3185 days ago
Yup. Few people realize Bitcoin has been literally the best performing investment in human history. One dollar invested in March 2010 is worth $1+ million today. 1,000,000× returns.

But the downside of performing so well is that it is too easy to get distracted by the price and disregard the radical improvements that Bitcoin brings over legacy financial systems...

1 comments

What? Practically every day, someone wins $millions from a $1 lottery ticket somewhere in the world. That's the same or better returns...
A "lottery ticket" does not quite fit the traditional definition of "investment".

Besides, almost no one who buys a lottery ticket ends up winning millions, but everyone who bought and held bitcoins since 2010 is a winner.

They seem perfectly equivalent to me. Lottery winnings came from everyone else buying tickets, yes.

So where are the 'winnings' of these magical 2010-era bitcoin holders coming from, if not from other people buying bitcoins?