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How to fix the economy
(lemmy.world)
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this post was submitted on 08 Feb 2025
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You don't need Bitcoin to pay taxes, yet belief in it continues to grow.
That is true, but Bitcoin, like all other crypto"currencies", is a Ponzi scheme. Its value is driven purely by speculation, and the hope that it can be passed on to a "greater fool" for profit. This is true for a lot of financial assets, by the way.
You don't think secure time stamps are useful?