Comment Bitcoin is obsolete and should not be used (Score 4, Insightful) 120
There are plenty of useful alternative payment systems now making its use as currency redundant and Bitcoin was obsolete from day one because anyone can irreversibly steal your money if your private key gets leaked (of which it is very easy with AI-found security flaws in operating systems, see Coldcard and MTGox). You can't even get "rich" with Bitcoin anymore as all the "cheap" coins have been cashed out it lost in a landfill.
The only reason Bitcoin still exists is because people don't take real economics classes anymore and think they can generate "value" by "hodling". Same goes for all those stupid Pokemon cards where low wage retail workers get harassed by scalpers. Slashdot should have a topic ban on Bitcoin so we don't keep having the same "number go up" posts.
The only reason Bitcoin still exists is because people don't take real economics classes anymore and think they can generate "value" by "hodling". Same goes for all those stupid Pokemon cards where low wage retail workers get harassed by scalpers. Slashdot should have a topic ban on Bitcoin so we don't keep having the same "number go up" posts.