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Again, bitcoin may make a great deal of sense as a speculation. Ponzi schemes can work out great for early adopters. But that doesn’t make bitcoin, in any shape or form, a good investment or even a store of value, especially for those late to the game. And, for that reason, I can’t get behind it the way I would get behind what I perceive to be uncommon value in the stock market or a true store of value like gold.

Eulogy made by Jesse Felder

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