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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2945219, member: 71723&quot;]Merry Christmas, yo&#039; badd seff. I&#039;l grant you there is a key difference between the typical pyramid scheme and Bitcoin - the element of intent. Most pyramid schemes are created to be a (duh!) pyramid scheme. Until we even IDENTIFY who Satoshi is, we have no way to definitely ascertain intent. It MIGHT be a pyramid scheme, but if it is, it sure has been an extraordinarily patient one.</p><p><br /></p><p>As far back as 2010, my working theory was that it was somebody&#039;s psychology doctorate thesis project.&nbsp; I attribute its current run-up to its acceptance by the &quot;government hating&quot; element of society, an element no stranger to metals bugs.</p><p><br /></p><p>Bitcoin is even MORE ephemeral than so-called fiat money is, so &quot;intrinsicity&quot; can&#039;t be its appeal. The only attribute it has in common with metals, but opposed to &quot;fiat&quot;, is an irrational hatred of governments.[/QUOTE]</p><p><br /></p>

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