Quote:
Originally Posted by sugarwood
What should concern you more is that it is a giant Ponzi scheme filled with morons.
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But (and someone can correct me if I'm incorrect in this assumption), any ponzi scheme is a closed-loop system. I.E. for every dollar put in, someone else takes a dollar out. Yes, the "artificial" worth of something like Bitcoin, etc. can create a virtual "trillion dollar" valuation of the aggregate of all coins, but at the end of the day, for every "dollar" (or other fiat currency) put in, there is someone taking it out.
With the banking crisis of 2008, there were loans made on houses with then jeopardized banks and left people with monthly debt that they couldn't sustain. This crypto bubble and/or rise seems to be somewhat different and less likely to cause global contagion?
-Wayne