• nao@sh.itjust.works
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    8 days ago

    Bitcoin is a pyramid scheme because it only keeps its value as long as people are constantly buying it. If no one wants to buy it, the value of any amount of bitcoin is zero. This is why people who have bitcoin are trying to convince anyone else to keep buying.

    Your local government-backed currency does not have this problem, because you get paid with it, you pay taxes with it and vendors in your country have to accept it.