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.
Ha, yeah I remember in high school looking into Bitcoin, thought it was cool.
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.
Comments
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.
Ha, yeah I remember in high school looking into Bitcoin, thought it was cool.
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.
You can still buy Bitcoin today!
Big difference between mining coins that in hindsight reached whst $20k in value each and buying the coins lol