Norman Pagett
1 min readJul 16, 2018

Bitcoin isn’t money, Crypto cash isn’t money

Money can only exist when it is used as a medium of energy exchange

bitcoin isn’t underpinned by energy, so ultimately can have no real value

yes the the ones who get in and out early get cash out of it, but that cash is supplied by latecomers. if everyone cashed in at once, the pyramid would collapse

https://medium.com/@End_of_More/the-myths-of-crypto-currency-f5dea863d116

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