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Old 3rd July 2020, 12:49 PM   #631
psionl0
Skeptical about skeptics
 
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Join Date: Sep 2010
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Originally Posted by Scopedog View Post
I see bitcoin as a very simple video game implementation from a sophisticated, innovative engine (called blockchain). It's so simple that the first party user doesn't even play it- their computer plays it and collects tokens as it wins. An interested third party user can exchange something (usually fiat currency but sometimes a good or service) for a password granting exclusive access to a token or fraction of a token. Bitcoin is both stupid and visionary. Why would anyone want these tokens earned by the computer player? Why do people want hats or whatever in online games? Bitcoin evolved into a tulip bulb investment simulator. I'm sure this analogy can be improved.
There is no improving that analogy. It sounds like just so much shroomery.
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
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