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0 pointsjellicle15y ago0 comments

A scam as a currency, yes.

If FooCorp started trying to convince people to do all their buying and selling using FooCorp shares - of which the FooCorp owners naturally have a great many - then yes, obviously, it would be a scam intended primarily to enrich the FooCorp owners.

As a stock, FooCorp might be a perfectly fine investment.

Remind me again what the fundamentals for bitcoins are? What are their same store sales for last quarter?

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gvsteve15y ago

The purpose of my comment was to establish that 'enriches early adopters' is not enough to classify something as a scam.

And I don't think anyone is really trying to convince people to do all their buying and selling using Bitcoin. However it may be useful to do some of your buying and selling with Bitcoin.

If FooCorp's stock was stable and easily transferrable enough to use as a currency, why would it be a scam to advocate its use as currency? If your answer is only 'because holders profit' then I guess I'll agree to disagree.

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