Bitcoin Is The Total Opposite of a Ponzi Scheme — Here’s Why
Miguel Cuneta
14.8K77

My dad asked me a question and I couldn’t answer him the same:

He says, “The value of Bitcoin at 1 pm was $1000. At 5pm, it hit $100. For the shop owner who accepted bitcoin at 1pm has now lost $900 worth while holding bitcoin while the buyer has gained $1000 worth of goods”

How does the difference in exchange rate be explained to the shop owner? And who does that $900 go to?

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