I'm One Of Your "Greater Fools"

By SatoshiConomy | SatoshiConomy | 22 Jan 2021


No disrespect, but i'm one of your "greater fools."
That Bitcoin is a "pyramid scheme" is easily debunked in more ways than one.

Also, to suggest that Bitcoin isn't a cash-producing business isn't 100% true...Seems you havn't considered the nascent and massively growing DeFi industry.  Presently, over $1 Billion of BTC is "wrapped" (locked) as a financial instrument to provide the liquidity needed to execute $billions of transactions, many of which (mimicking the traditional financial system) enable investors to be paid 4%, 10%, 20% and even as much as 100% APR for collateralization.

Personally, i absolutely love being paid interest for borrowing to myself...a "secret" of the rich.

End-game theory...only 900 new BTC p/day which goes to 0, or "terminal inflation."  BTC's price pressure is more a function of supply & demand than more "fools" monetizing those who got in first.  When there's no more being produced, that by definition is the antithesis of a "pyramid scheme."
  
Ahh...This "pyramid scheme" today is valued at 150% of JP Morgan Bank.
#LoveAllServeOthers #bitcoin #crypto #blockchain #p2p #DeFi5286efe6878cc456e5819880971aa8bd32d1ae5b201c797b9ad1178cd43ae49a.jpg

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SatoshiConomy
SatoshiConomy

Bitcoin NFT & Web3 Curator Since 2015. Free Consults. No Sponsor...Bias Is Mine Only. #LoveAllServeOthers LinkTr.ee/SatoshiConomy


SatoshiConomy
SatoshiConomy

Bitcoin, NFT & Web3 Curator Since 2015. Free Consults. No Sponsor...Bias Is Mine Only. #LoveAllServeOthers

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