That's part of the scam I suppose, makes it a lot easier to con someone into dropping money into this shit if there were folks who made money with it some time in the past.
Bitcoin wasn't a scam, it was created by an actual ideologically driven AnCap and for years the main bitcoin peddlers were people who genuinely believed in it as the currency of the future. It wasn't until Ethereum that the floodgates opened and it became scams all the way down.
Bitcoin is still inefficient and will never replace centralized currency, but I think it was created by someone who genuinely thought it would be a good thing for the world. It wasn't, of course, because AnCap beliefs are simply wrong, but I do think it was supposed to be a sincere effort.
That's part of the scam I suppose, makes it a lot easier to con someone into dropping money into this shit if there were folks who made money with it some time in the past.
Bitcoin wasn't a scam, it was created by an actual ideologically driven AnCap and for years the main bitcoin peddlers were people who genuinely believed in it as the currency of the future. It wasn't until Ethereum that the floodgates opened and it became scams all the way down.
Bitcoin is still inefficient and will never replace centralized currency, but I think it was created by someone who genuinely thought it would be a good thing for the world. It wasn't, of course, because AnCap beliefs are simply wrong, but I do think it was supposed to be a sincere effort.
Even investing in a Ponzi scheme can be profitable if you exit at the right time