Nearly 100% of the attractiveness of bitcoin is the promise of infinite rewards ... | Hacker News

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jellicle on Dec 28, 2013 | parent | context | favorite | on: Bitcoin and positive vs. normative economics

Nearly 100% of the attractiveness of bitcoin is the promise of infinite rewards to the early investors in the Ponzi scheme.

Bitcoin couldn't and wouldn't exist at all without that promise. So a simple system based on allocating 100 coins to everyone just wouldn't do at all.

james1071 on Dec 29, 2013 [–]

Yes-it's a marketing trick.

SectioAurea on Dec 29, 2013 | [–]

Flowers trading food for pollination.

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