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by Fnoord 3101 days ago
It isn't about me, it is about the average world citizen.

You assume one wanted to be part of this specific pyramid scheme. I already experimented with another in the '00s and figured that I'm not fit for MLM (it involved sales though), or pyramid schemes for that matter. I'm a terrible salesman because I am too honest and extensive. I didn't expect the world would fall for this pyramid scheme either. Cause frankly, I found it sucked, cause the various times I checked I couldn't use it as currency anywhere (still pretty much true). Which would mean I'm locked, sitting on gold nobody wants to have. What good is a currency you cannot use? You never know beforehand for which ones they're gonna fall for and which ones they won't. Furthermore, it isn't anonymous either, so you can't use it to avoid taxes. At this point, its still difficult to execute transactions due to latency and cost. Its also difficult to find a shop which accepts it as currency.

The only thing Bitcoin has going for it, is that its the first cryptocurrency. The flaws it has cannot be solved easily without a full reset, or consensus of a majority. Plus, the question is if people are responsible enough to own a hardware wallet.

So yeah, what I was doing with my savings is I was investing and I had it on the bank. Which are both luxuries a lot of people in this world cannot afford. And yet, we're talking pennies compared to what Winklevoss owned the moment they were born. All cause of mom 'n pop. You cannot just take that out of the equation.