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by typetehcodez
3156 days ago
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>If I told you that I developed a mobile app that was able to use computers to modernize the 600-year-old process for transferring value, you might think I was crazy or you might ask how to invest. Bitcoin is this app, and the disruption of the 600-year-old double entry accounting system is why I have called Bitcoin one of the most important innovations in the history of finance. I know someone who bought a 100 bitcoins back when they were under a dollar. He bought them so he could order drugs. He made one transaction one time and still sits on his 600k now and is holding on for dear life. If he looses all the money he still doesn't care because he sees it as only loosing $100. This is weird to me. I imagine there are probably lots of bitcoin millionaire HODLers out there just waiting for the world to start using it as a currency and maybe buying a new Tesla. As the rest of the world hops on the bandwagon hoping for their millions too, IMHO it starts looking more and more like a ponzi scheme. I guess it worked for a few lucky ones out there and still will, but it seems like bitcoin will behave like Gold and not so much as a transnational money tool. It's a good story - a great story... and that's why it's not a bubble THIS time! |
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