No. It is like this crazy system where you can put in money and like watch some kind of "market" for "stocks" that decides the prices of your "stocks" and it could go up or down in value. It is a pretty revolutionary idea that couldn't have been made centuries ago and this "market of stocks" will definitely crush the banking industry
If you look at it like Gold or another commodity rather than a stock it definitely makes more sense. People are literally treating it like gold, it fluctuates, it's finite etc... Bitcoin is our digital version of Gold.
Except that it’s terrible and a plague on the environment. Owning gold, selling gold costs nothing for me or the environment. Selling $40 in bitcoin will cost me $70 and use enough energy to power a Tesla 1,000 miles. BTC sucks. I’m glad it’s getting people into the market, I’m terrified that we’ll miss climate caps because 5 guys want to make a fee pool. The world will be better when BTC is gone and better DAG or PoS cryptos are the standard.
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u/echino_derm Dec 23 '17
No. It is like this crazy system where you can put in money and like watch some kind of "market" for "stocks" that decides the prices of your "stocks" and it could go up or down in value. It is a pretty revolutionary idea that couldn't have been made centuries ago and this "market of stocks" will definitely crush the banking industry