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Joined 1 year ago
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Cake day: June 11th, 2023

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  • nexguy@lemmy.worldtoMemes@lemmy.mlProof of twerk
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    11 months ago

    So then the people who buy paintings from deceased artists are also scammers? They thought the exact same thing…I want to but this intrinsically useless thing that I think will increase in value because only a finite number exist and I think more people will want it in the future.

    A scam is a deception of some sort. BTC is open source. No one is tricked into buying it any more than artwork.






  • nexguy@lemmy.worldtoMemes@lemmy.mlProof of twerk
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    11 months ago

    Agreed. It’s not inherently a scam nor a ponzi since this rely on lying about how much money you have to pay back everyone at once. Btc is similar to artwork. There is no intrinsic value to it unless everyone agrees it has. Work is done to complete both and both are unique. Both are finite. Only 21 million btc will ever exist and only x numbers of paintings by this dead person will ever exist. If enough people believe both are valuable then their values will rise.