Latest Breaking News
In reply to the discussion: Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all]hueymahl
(2,498 posts)BTC maxis are annoying as hell. Don't even get me started on Shiba and its bastard progeny.
I hold some BTC as a long-term investment. But the real action is in ETH and alt-coins that have utility.
As an aside, it was not Satoshi that gets to create money. He just created technology in response the the central bank fucking over the average person during the housing crisis while protecting the banks.
BTC only has value because people believe it to have value. This is historically how money works. Whether it is sea shells, salt, silver, gold or now paper money.
It has only been recently when central banks have had such a strangle hold on money that they have been able to use it as a weapon to punish people they find undeserving and protecting those they like (exactly what happened in 2008).
Pretty sure you know all of the above - not trying to talk down to you - but figured the others reading this would appreciate the background (or not!)