To answer the first part of your question, I don’t believe that an initial historical reason for creating cryptocurrency was for investing. Even today I do not see cryptocurrency as a sound investment. I would even go so far to say that, in many cases, it is a horrible investment.
would even go so far to say that, in many cases, it is a horrible investment.
Yeah it’s clearly a gamble/pyramid scheme.
I could see the original intention being an investment pyramid scheme. Since Satoshi is the OG, if he mined 1000 Bitcoin for himself prior to the release of Bitcoin, he’d be like a multi millionaire now
@admin@thursday_j it could be a motivation but i think it was also to create something new that didnt exist at the time. Before bitcoin we didnt know a way to transfer money without middlemen. It was a great mystery to solve this issue, and Satoshi solved it, when he created Bitcoin, and since then we have seen lots of new and improved innovation in this direction.
To answer the first part of your question, I don’t believe that an initial historical reason for creating cryptocurrency was for investing. Even today I do not see cryptocurrency as a sound investment. I would even go so far to say that, in many cases, it is a horrible investment.
Yeah it’s clearly a gamble/pyramid scheme.
I could see the original intention being an investment pyramid scheme. Since Satoshi is the OG, if he mined 1000 Bitcoin for himself prior to the release of Bitcoin, he’d be like a multi millionaire now
@admin @thursday_j it could be a motivation but i think it was also to create something new that didnt exist at the time. Before bitcoin we didnt know a way to transfer money without middlemen. It was a great mystery to solve this issue, and Satoshi solved it, when he created Bitcoin, and since then we have seen lots of new and improved innovation in this direction.
Good points.