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by mavhc 1915 days ago
Like bitcoin, the only way it makes sense is if you can trick someone else into buying it off you for more money later, thus you're incentivised to promote the idea everywhere.
2 comments

Wrong. Don't bring Bitcoin into this. This is an Ethereum scam thing.
Or gold, or dollars, or art, etc.
Gold has a use, dollars are backed by a government. Owning original art is bragging/speculation. I read that the very expensive art that people buy isn't even hung on their walls to look at, they get a copy made for people to see, and put the original in a vault.
> Gold has a use

But I won't be happy if people stop buying gold and all I can do with it is sell it to some electronics manufacturer for 1% of the price I paid for it.

> dollars are backed by a government

Sounds great, what can I do if people stop accepting dollars in trade?

> Owning original art is bragging/speculation.

Agreed, so nothing new.