Quote:
Originally Posted by Hugh
People don’t make money out of nothing - they make it out of other peoples’ money.
No one wants to acknowledge how bitcoin billionaires can rake the new suckers over the coals - prices depend on billionaires holding their bitcoin stakes, but they they cash out the small buyers lose out.
NFTs are the perfect example - the buyer owns nothing but the receipt for buying a digital version of an artefact, but think it gives them ownership of the content, proves NFTs were designed to be confusing and scam people.
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I think you forget where bitcoin started. All in the blockchain. People used their PC resources and still do to mine coin which has value so all the early miners made something out of nothing and a lot of something
The fact it is now a financial market is irrelevant