Why Eve Online's economist thinks Bitcoin could be a scam
polygon.com
polygon.com
It's main benefits are in its anonymity and unregulated border transfers. These two things give the currency something which others do not.
Also someone sitting on a lot of bitcoins cannot just dump them because there is limited demand. Flooding the market would drop the price and therefore remove the reason for dumping the coins, like a real commodity.
I'm not saying it's a scam, but is it unreasonable to suggest it might have started as one?