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by lmm 1945 days ago
It's very relevant. To claim Bitcoin is a success because people have made money from it is nonsense.
1 comments

No, to compare Bitcoin to something that has absolutely nothing to do with Bitcoin is ridiculous. That’s like me saying Apple is going to go out of business because Sears went out of business. A complete non sequitur.
If I said something like "Apple won't go out of business because it's a big company", comparing to Sears would be completely fair.
The OP said Bitcoin is like the lottery. It’s on him to explain that. The lottery has not returned value to almost every person who bought a ticket in the past decade, Bitcoin has. It’s a false and inept analogy.
I think the overwhelming majority of people who bought Bitcoin have paper gains only, not realised value.
Hardly what you'd call a "failure".
Uncorrelated, I would say. Plenty of failures are valuable as collectibles, at least on paper.