The Inevitable Evolution of Capitalism: Barreling Uncontrollably Towards a New Future

[Erik62]

2 hours ago, TT2025 said:

No my friend, Bitcoin is actually based on inherent scarcity at its core (that is one of the things driving its price). As a of technology it is really interesting piece.. but it actually was meant to be a facilitator of transactions. It morphed to get-rich-schemes because of the hype (I suspect that most of "investors" don't even have a clue what it really is).

If the people are hungry and don't have a place to live, the answer isn't more money, but more food and more housing.

So bitcoin doesn't do much in the perspective of functioning economy, like tulips didn't during tulip mania 17th century.

Thanks. Could it then be described as a "plaything" of the wealthy?