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Anon gives up on Bitcoin in 2010 (sh.itjust.works)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 3 hours ago (1 children)

I don't think the belief in its value is going to collapse on its own. It is already accepted to have value by enough people, to sustain that belief.

These things change. People once believed that diamonds were a valuable rock and essential for proposing marriage, but now people are starting to think that's BS. There was massive social pressure, plus expensive propaganda from deBeers trying to keep people buying diamonds. But, people woke up.

So much of crypto's promise is that there will always be another sucker who will buy your bitcoin for more than you paid for it. But, if actual real currencies that people pay taxes with can collapse, crypto could collapse a whole lot faster than that.

[–] [email protected] 1 points 3 hours ago

I don't know why you're connecting paying taxes with a currency with it being legitimate. I don't think those things are related