>> Like a pyramid scam it needs more suckers to buy into it especially near the top.
Yep.
It takes more money/time/energy to mint the later coins that are worth the same as those who mined the early coins.
Have to keep finding new people to buy into it.
I thought this for a while but Bitcoin proponents on the internet are very loud and promote it non-stop..
People could lose a lot of money with this kind of “asset”.
It seems to be subject to wild swings like up 20%, then down 20%.
Not something i’d get involved in anyway.
That is perhaps the most “Fed” disinformation you could say. Most cryptos are greener than you could imagine.
It’s ok not to like the concept, but if you are all energy conscious all of a sudden take a look at lithium and gold mining. Yikes. Those things should be outlawed.
What do you think makes the price of gold go up?
Gold has halved in price many times. How about silver? Now there is a stable one.
Folks I’m not saying crypto is a good investment or not but at this time there are far far more people that have made a killing in crypto vs those that have lost.