this post was submitted on 21 Jun 2026
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Bitcoin isn't a scam; it has value because of supply and demand and the fact there will only be 21 million ever mined, however anyone is allowed to use it.
Bitcoin itself isn't a scam, but the cryptocurrency arena is full of scammers.
I remember calling NFTs a scam and my friend hated me saying that.
When I use the phrase NFTs I was referring to the culture, usage and trading and all of that jazz. He was specifically talking about the technical implementation. So there was that ...
However, he said, "just because 99.9% of NFTs are scams, that doesn't mean you can call it a scam."
I then said, "if 99% of anything is a description of it, I think we can safely use that descriptor"