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by ecshafer
967 days ago
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I knew about bitcoin before 2012. I had a friend try to convince me to mine some with my beefy desktop, since “its the future”. I thought it sounded like a dumb ponzi scheme. It might still be a dumb ponzi scheme but i fucked up bad on thay one. |
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Then I realized it would never be useful as a currency due to the Bitcoin cap making it deflationary.
I still don't disagree, and most of Bitcoin is speculation and fraud, but the correlation of Bitcoin being deflationary is that the value will only go up.
So, Doink.