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Comment by wayeq

Looking at Bitcoin solely through the lens of an investment vehicle is myopic. Bitcoin solves a number of problems right now, for example providing an opportunity for the nearly 2 billion people without access to a traditional banking system to securely participate in the world economy with nothing more than an old Nokia phone that can be bought for a few dollars. Another example is how it is providing a way for people in hyper-inflationary economies like Venezuela to store value.

Demand is not only coming from people falling for the "greater sucker" theory. You're either ill informed on the topic or being dishonest.

parent wayeq 6 years ago

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