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How to fix the economy (lemmy.world)

submitted 3 months ago by [email protected] to c/curatedtumblr

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[–] explodicle 2 points 3 months ago (1 children)

You don't need Bitcoin to pay taxes, yet belief in it continues to grow.

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago) (1 children)

That is true, but Bitcoin, like all other crypto"currencies", is a Ponzi scheme. Its value is driven purely by speculation, and the hope that it can be passed on to a "greater fool" for profit. This is true for a lot of financial assets, by the way.

[–] explodicle 2 points 3 months ago

You don't think secure time stamps are useful?