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Bitcoin is an impressive social engineering scheme

Debate Information

The rise of Bitcoin currency, going from pennies to $20k is an amazing phenomenon.  There is interesting technology behind Bitcoin, but what's much more interesting is the underlying social engineering scheme behind its growth.
Bitcoin currency is a fascinating social engineering technique that creates hype, and limits demand to drives prices up.
  1. Live Poll

    Bitcoin is an impressive social engineering scheme

    4 votes
    1. Yes
      50.00%
    2. No
      50.00%
Live Long and Prosper



Debra AI Prediction

For
Predicted To Win
67%
Likely
33%
Unlikely

Details +


For:

0% (0 Points)


Against:

0% (0 Points)



Votes: 0


Voting Format: Casual Voting

Rounds: 2

Time Per Round: 12 Hours Per Round


Voting Period: 24 Hours


Round 1

Round 2

Voting



Post Argument Now Debate Details +



    Arguments


  • Round 1 | Position: For
    WhyTrumpWhyTrump 234 Pts   -  
    I will take affirmative side - yeah it's a scheme.  The algorithm relies on seeding enough coins, makes it more difficult to get over time, generate PR, and then rely on shortage of supply due to adaption by the masses.
    The actual currency is worthless, subject to scams, and wastes tremendous amount of World's power supply.
    Oakchairbc
    WhyTrump - a good question
  • Round 1 | Position: Against
    islander507islander507 194 Pts   -  
    Bitcoin is a great financial and technological concept that will transform World economy And disintermediate ineffective Banks.  It makes financial services available to underserved.
    it's not like dollar follows gold standard anymore, and is also based on worthless paper it is printed on
  • Round 1 | Position: For
    agsragsr 881 Pts   -  
    As I said in my opening, Bitcoin currency is a fascinating social engineering technique that creates hype, and limits demand to drives prices up.
    it reminds me of tulip mania in 17th century.
    https://en.m.wikipedia.org/wiki/Tulip_mania

    Live Long and Prosper
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