Comment on Anon gives up on Bitcoin in 2010
proceduralnightshade@lemmy.ml 3 weeks ago
We may or may not have used bitcoin to buy substances and weed on silk road and… I think it was dream market, not sure, back in the day. 1 bitcoin was ~350€ at that time. I watched bitcoin become more and more valuable and less and less usable over the years, which at first I thought was very odd, until I realized that everything that roughly resembles a stock market is more or less mostly used by gamblers.
kameecoding@lemmy.world 3 weeks ago
Bitcoin is now literally digital gold, it has absolutely no value other than scarcity and you betting on people thinking it will be more valuable in the future, it’s a money store, where you hopefully don’t lose money, or don’t accidentally click on a link that loses you all of your money, but most of bitcoin was bought ip by wallstreet and they built etfs around it, so it’s not as much of a risk as it used to be, I still wouldn’t touch it
index@sh.itjust.works 2 weeks ago
It is the fastest and more reliable way to send money to someone in russia, iran or venezuela or to anyone in the world if you want to rely on a decentralized open source system like the one you are on.