How does Bitcoin reward new users with money?
Unlike Amex, you can't collect points, instead you will have to pay trx fees.
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How does Bitcoin reward new users with money?
Unlike Amex, you can't collect points, instead you will have to pay trx fees.
That is the point. He was making the case that is one is holding Bitcoin, having friends and family start using increases the first person's holdings. It does not, however, provide Bitcoin to the users.
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That describes a Ponzi, not a value proposition.
Not really. It is the network effect. If you believe that is a ponzi, then it appears everything is including the entire stock market.
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Stonks don't depend on another person buying an asset from me. It depends on the value the underlying business provides to customers over time.
Bitcoin has a unique value proposition in that it can transfer and clear huge sums of for a low price and rather quick. This feature is only useful on occasion, to a limited number of players. For everything else, there's Mastercard ;)
I don't take issue with BTC. Raul's description of it rubs me the wrong way.