Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Tesla buys $1.5 billion in Bitcoin
DerekJohnson
Administrator, Swaye's Wigwam Posts: 70,140 
Developing...
Comments
-
pumped the price big time. Voyager app which is a crypto exchange has 80,000 people on their waiting list. Crypto is here to stay.
-
Can I buy food and gas with crypto?
-
On Craigslist, yes.
-
That's bartering, not purchasing. I can probably buy food on Craigslist with old baseball cards.doogie said:On Craigslist, yes.
-
Still seams like a ponsi scheme to me
-
I rolled some nickels.
-
Love how they announce it the same day Chinese regulators were meeting with them about there quality issues.
Like China cares about quality... -
Why is that? I'm not sure I get the ponzi critique. I won't pretend to be a bitcoin expert, but it seems much more analogous to a precious metal/bullion. What are the ponzi elements of it?Goduckies said:Still seams like a ponsi scheme to me
-
That’s literally what it is. It’s like the crypto version of “gold”. Limited supply and high demand incentivizes holding onto it.GreenRiverGatorz said:
Why is that? I'm not sure I get the ponzi critique. I won't pretend to be a bitcoin expert, but it seems much more analogous to a precious metal/bullion. What are the ponzi elements of it?Goduckies said:Still seams like a ponsi scheme to me
-
My reasoning is that gold is useful. Bitcoin can be replaced at any time and go to zero easily. Most other investment vehicles are either a product or commodity. Bit coin is neither. It's biggest advantage was to be able to hide the transaction from the feds, but they can even track it now. Also the growth is not based on anything real. It's just demand rises because people hear about it. Very much like a ponzi scheme.
