@csstrowbridge@mastodon.social
Post #1056052
2026-02-06 02:39 UTC
@SallyStrange
“There is no organic use case reason for Bitcoin to slow or stop its descent” - Michael Burry.
Exactly. Gold is needed for many industrial purposes, same with silver and all other precious metals. Bitcoin is just a greater fool scheme and if enough fools realize it, it will collapse to zero.
Replies (3)
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@ricardoharvin@mstdn.social 2026-02-06 04:31
@csstrowbridge @SallyStrange Ponzi scheme gotta Ponzi
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@david_chisnall@infosec.exchange 2026-02-06 07:52
@csstrowbridge @SallyStrange I considered buying some when it was $10 but considered that the supply of greater fools was probably close to exhaustion. Apparently I underestimated the idiot supply by several orders of magnitude.
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@BoTally54@mastodon.social 2026-02-06 16:55
@csstrowbridge @SallyStrange Absolutely true… but I’m afraid that the next bad idea is a bitcoin with FDIC-type backing. A lot of rational thinking would have to go into that, and there’s none in sight.