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If you consider Bitcoin a pyramid scheme I would love to hear your treatise on fiat currency, fractional reserve banking, and capitalism in general.
by huhlig 9y ago
If you consider Bitcoin a pyramid scheme I would love to hear your treatise on fiat currency, fractional reserve banking, and capitalism in general.
- JumpCrisscross 9y agoI'll bite. What's the failure mode for a paper-money based fractional banking system with deposit insurance that makes it a pyramid scheme?