"Not everyone understands what a pyramid scheme actually is, what the warning signs may be, or why such schemes always fail [...] The distinctions should be glaringly obvious, but because bitcoin is complex and the very idea of money is not well understood, it can easily be confused." - Parker Lewis
Today we are diving back into the Gradually, Then Suddenly series from Unchained Capital with an excellent breakdown of what Bitcoin is, and what it isn't. Starting with the both obvious, yet not so obvious truth, that it is certainly not a pyramid scheme! Don't miss another incredible installments by Parker Lewis.
Original Article and the rest of the series below:
https://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/
Other great pieces mentioned both in the article, and in the commentary:
• Everyone's a Scammer:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8
• Bitcoin Has No Intrinsic Value:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm
• Use of Knowledge in Society
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• A Story of Booms & Busts
https://anchor.fm/thecryptoconomy/episodes/GuysTake_18---A-Story-About-Booms--Busts-e4aflh
If you'd like to support this show and become a patron, click the link below!
www.patreon.com/thecryptoconomy
"For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore with treasures, dangers, and untold potential."...
Can you really own Bitcoins? Or do you merely have possession of keys that grant a high probability of exclusive control? A fun short...
A lot of announcements and tons of exciting stuff to talk about in this episode! Plus our read of the just released Casa Browser...