Corinne Nita
1 min readJan 29, 2022

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Thanks for taking the time to reply.

Making money off Bitcoin is achievable. I'm not saying it's not, and what I meant by "scam" is the price manipulation (like all investments). It seems like a ploy to raise value when Musk or whoever Tweets about Bitcoin, and it doesn't sit well with me. I also found its volatility made me too anxious, but that's me.

I physically own one-ounce gold coins, so they're pretty light, but I don't carry them around with me.

Accessing internet connection and the Bitcoin ATM in developing nations has been difficult, and Bitcoin would restrict countries with a sovereign currency. How would they conduct monetary and fiscal policy? If the US didn't unofficially remove the USD from gold during the Great Depression, things would have been way worse.

Money isn't valuable. It's simply an item used to obtain something of value, and Bitcoin is an investment that derives its worth from investors believing in it. Of course, it can be used purchase items because anything can be currency (as long as the seller accepts it). Every summer, I exchange figs for my neighbor's tomatoes. The figs are currency and the tomatoes are value.

In my opinion, our entire economic system is a scam. We should make enough money to buy the things we need instead of relying on investments to make up the difference, and the housing market is a f*cking joke. It's so frustrating.

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Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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