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by earnon 5073 days ago
It's not a pyramid scheme. Although it does reward early adopters for taking a risk, eventually price should stabilize at a real world value (as opposed to a dollar value. As long as we keep printing dollars, the real world value of a dollar will decrease. The value of a bitcoin should always increase relative to the dollar).
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As long as we keep printing dollars, the real world value of a dollar will decrease.

Assuming no corresponding productivity gains occur.