FinanShift
finanshift.bsky.social
FinanShift
@finanshift.bsky.social
Shining financial light through a different lens
It would remove people’s ability and freedom to store, transfer and custody their economic output without intermediaries.
November 18, 2024 at 8:35 PM
I really don’t think you know what you are talking about. Btc had value long before any other cryptocurrency existed.
November 18, 2024 at 1:49 PM
How can bitcoins utility come from other cryptocurrencies?
November 18, 2024 at 12:25 PM
How are you more knowledgeable when you think Bitcoin, Ethereum and NFTs have no differences?
November 16, 2024 at 10:03 PM
So who is perpetrating the scam?

Is gold a scam too? People buy it in order to sell it in the future.

Are non dividend-paying index funds a scam too? People buy to sell in the future (normally during retirement)

What about TSLA shares?
November 16, 2024 at 6:21 PM
That’s not contradictory: Bitcoin doesn’t need to be backed by anything as it acts as a commodity, just like gold.
November 16, 2024 at 6:10 PM
How is it a scam?
November 16, 2024 at 6:07 PM
“A great conductor”, Gold has been valuable for thousands of years, long before electricity was discovered.

“It’s shiny” that’s not what makes gold valuable, silver is shiny too, yet worth less. Aluminum is shiny, mirrors are shiny

“People desire it”, isn’t that what makes bitcoin valuable?
November 16, 2024 at 6:03 PM
One use case: allows people to easily store, transfer and custody their own economic output, something that could have never been done before.
November 16, 2024 at 5:56 PM
Maybe it’s neither? Maybe it’s savings…
November 16, 2024 at 5:54 PM
What utility has gold had for the last 5000 years??
November 16, 2024 at 5:49 PM