this post was submitted on 20 May 2024
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On the other hand, scams rarely last 16 years.
No clue how long scams usually last, but famous ones easily last multiple decades, though funny how unclear if is when the scam started:
https://en.wikipedia.org/wiki/Madoff_investment_scandal?wprov=sfla1
Madoff was hidden. Bitcoin is out in the open.
I think "bubble" could be a better description. Bitcoins bubble pops regularly every 4 years.