by Summary:
BTC is a pyramid scheme, not a currency. The driving economic force is for existing holders to proselytise new members into the scheme. The new members in turn hope to recruit other members. The large existing holders have the financial capacity and incentive to bankroll conferences, researchers, etc. In order to take part in the gravy train, you just need to stick to the narrative....Bond Economics The New GoldBrian RomanchukAn opposing view.Guns, Goats 'N GoldMarket Weekly: Still Don’t Think Bitcoin is #Winning? You’re a Loser.Tom Luongo
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Mike Norman considers the following as important:
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BTC is a pyramid scheme, not a currency. The driving economic force is for existing holders to proselytise new members into the scheme. The new members in turn hope to recruit other members. The large existing holders have the financial capacity and incentive to bankroll conferences, researchers, etc. In order to take part in the gravy train, you just need to stick to the narrative....Bond Economics The New GoldBrian RomanchukAn opposing view.Guns, Goats 'N GoldMarket Weekly: Still Don’t Think Bitcoin is #Winning? You’re a Loser.Tom Luongo
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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BTC is a pyramid scheme, not a currency. The driving economic force is for existing holders to proselytise new members into the scheme. The new members in turn hope to recruit other members. The large existing holders have the financial capacity and incentive to bankroll conferences, researchers, etc. In order to take part in the gravy train, you just need to stick to the narrative....Bond Economics
The New Gold
Brian Romanchuk
An opposing view.
Market Weekly: Still Don’t Think Bitcoin is #Winning? You’re a Loser.
Tom Luongo