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Benefit of the hindsight (sub.wetshaving.social)

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

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[–] [email protected] 19 points 1 week ago (3 children)

Tbh I get it from a certain point of view. We all made fun of bitcoin at first but now it's pretty common for people to wish they could tell their younger self to get as much as they can afford.

I get the idea of not wanting to miss out on the next thing that did that.

[–] [email protected] 2 points 1 week ago

The "next Bitcoin" has just been Bitcoin every time. Right now is its umpteenth bubble.

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

Did we make fun of bitcoin? It was a cool currency for buying drugs on the black market at first.

[–] [email protected] 0 points 1 week ago

I made fun of it immediately, despite also recognizing and using its ability to facilitate online purchases of contraband.

[–] [email protected] 29 points 1 week ago (2 children)

Bitcoin is still fucking shit. That just amounts to "I wish I was there first in this this pyramid scheme". It doesn't change what it is.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago)

There were enough layers in that pyramid and enough years in construction to have room for more people to make a buck.

What’s the difference between a scam and a bubble, and is the bubble more legitimate or just a bigger, longer scam?

NFTs were a misuse of blockchain giving no real value. Plus it was very short term and really only rewarded scammers and manipulators. A true scam.
Crypto is better thought out and actually could serve as a currency. It has a bit more staying power and even enriched a few non-scammers. Does that make it a “bubble” ?

[–] [email protected] 6 points 1 week ago

Sure, never said otherwise, so you can see how someone could theoretically think maybe nft is the next bitcoin and want to get in early.