The only reason why guys like Portnoy view Bitcoin as a ponzi is because he only understands it as a way to get more USD. Portnoy has to acknowledge why other people value and appreciate Bitcoin. It's not just a "get rich quick scheme". It's a "change the rules of the game scheme".

Bitcoin is a market mechanism to find equilibrium between supply and demand, store value, and allow humans to coordinate and collaborate in new and peaceful ways.

Problem is that the IRS stifles Bitcoin's use as a medium of exchange because of the tax laws.



Submitted September 25, 2020 at 07:20PM by the420chronicler https://ift.tt/309uYM6

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