The Verge did a podcast on it with a bitcoin backer and a bitcoin detractor. https://www.theverge.com/22367951/bitcoin-future-nic-carter-steve-hanke-interview-decoder-podcast

(BTW, look at the "backers" fucking face. That dude's the poster boy for toxic geek faces.)

The backer keeps using words like "freedom" and "purity."

Remember that in 2009 there were 0 bitcoins. It was produced by some geeks using math - and then a con was started to make people think it has any worth.

There were 1,624,500 easy bit coins mined in 2009 by very few people.
Those are worth today $97,711,725,600.

So they created a "currency??" not backed by anything then gave them selves the fist $100 billion dollars of it.

There's no real way to even SPEND it. And it's sucking up incredible amounts of energy for no reason other than its a good scam.
It's a fucking scam that is going to work for a while.

There's no government backing it. They have no military to enforce it. It's worthless.

Long game for it: And they're going to try to integrate it into the current system so the magic money they created in 2009 becomes exchangeable cheaply with real money.


Edit:If you want to play it like a game and can make some cash - do it. A friend just made $25,000 for no apparent reason. But remember - hold it too long and you'll get likely get burned.