mistermix twists the knife in Bitcoin's back.
Bitcoin, the glibertarian dream currency, lost half its value because China shut down the Bitcoin exchange that trades 1/3 of the worldÂs Bitcoin. Cry a small tear for BtC hoarding douchebags like the Winkelvi, who seem to have a talent for being screwed out of their investments.
The last time I characterized Bitcoin as glibertarian, I got a lot of angry pushback in the comments. HereÂs a little explanation why Bitcoin is, indeed, that:
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In addition to that, fiat money has value, ultimately, because governments take it in payment of taxes. Bitcoin doesn't have that backstop. It's a bauble. Don't be the last "greater fool".
Cheers,
Scott.