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It's a technology obfuscated pyramid scheme. Crypto, generally not only Bitcoin.


Buying it to sell it on for more is what it's all about. Until the base of the pyramid gets too big and can't find someone to sell to. With social media and the covid stimlus the pyramid has had a huge and well funded base.


What else is the point of it?

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mrwb Wrote:

-------------------------------------------------------

> It's a technology obfuscated pyramid scheme.

> Crypto, generally not only Bitcoin.

>

> Buying it to sell it on for more is what it's all

> about. Until the base of the pyramid gets too big

> and can't find someone to sell to. With social

> media and the covid stimlus the pyramid has had a

> huge and well funded base.

>

> What else is the point of it?



What about Boris?s ?inverted pyramid of piffle?? he goes on about, where does that come into the equation?

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  • 8 months later...

SpringTime Wrote:

-------------------------------------------------------

> Can anyone explain the mining element behind

> crypto to me please? Also, are crypto currencies

> in essence really just like ponzi schemes, or have

> I got that wrong? Thanks



You can Google mining - it?s all explained.

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As with any investment...whether that's property, equities, horse racing or crypto....if you don't really understand how it works....then you probably shouldn't be putting money into it.


Even 'experts' in each of those fields are doing well if they are right more than 50 percent of the time.....

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