Bitcoin Talk 002: Of All the Ponzi Schemes, Bitcoin Is the Best

Getting fleeced trading crypto is like being tonsured and taking the precepts: worldly cares severed, attachments laid to rest.

Of all the Ponzi schemes, Bitcoin is the best one.

In China, Bitcoin counts as a virtual asset. You can’t trade it, but you can obtain and hold it by other means. Say you spread Chinese culture on some overseas platform, chat in Chinese with foreign friends, and you might receive a token of their gratitude — or you might tip others. Your foreign friends may ask for your bank statement details to confirm that you are an upstanding citizen. Only true upstanding citizens deserve to spread Chinese culture, and only they deserve to be tipped.

Bitcoin fits this world through millisecond-level fluctuations. Who can anchor value more precisely is plain to see.

Bitcoin only solves the problem of a general equivalent for exchange, and the problem of cheating at the mint. It makes no attempt at innovation in political systems. The most important role Bitcoin bears is this: a sufficiently incorruptible mint.

You hold renminbi and dollars, I hold Dogecoin and Bitcoin. Let us bid each other: take care!

The Bitcoin prices on the major exchanges are all noise. Deluding yourself that you can pin Bitcoin down with those yellow digits jumping every second — your vision is too small.

Everything in the world exists in fluctuation; criticising Bitcoin’s volatility is meaningless. What doesn’t fluctuate is a terracotta warrior, a mummy, a corpse. Fluctuation is the sign of vitality. Bitcoin fluctuates — and is proud of it!