Quote:
Originally Posted by Wayne 962
Yes, Bitcoin is fake - it doesn't have any basis in anything. But so is nearly every other asset class. Now, some are more "fake" than others, and some have tremendous historical precedence for use as a currency / store of value (gold and silver).
-Wayne
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This is why the "greater fool" and "ponzi" arguments against btc are funny, because if you applied the loosely defined arguments from these people to any of the assets you listed, the same conclusion could be found.