History repeating itself. Always a new empire shows up. Crypto won't make a big difference.
A ‘crypto winter’ freezes hiring at Coinbase and Gemini
- Thread starter johnarb
- Start date
Good ole Elon. Free you say.
So there is no way the government could shut down the internet.
Shutting down the internet... ok, I guess all the banks and stock market and bond market and futures market will be shutdown too?
Or we just go back to the ways of rotary phones and calling brokers? faxing documents?
What a great time it would be so the Bitcoin and crypto haters will be happy, lol
PS: no more ET also, it was a fun place, but sadly, it has to go so no-coiner crypto haterz will have a happy life
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But it will be so much fun without the internet!!
No more Netflix & Chill, welcome back Blockbuster
No more google, short it to $0. No more Amazon, Apple will go back to selling Macbooks and everyone will go back to Windows, Nokia phones FTW
No more Facebook!!
I have to admit, government shutting down the internet is the most stupid idea that is posted on an internet website called Elite Trader
The rotary phone millenial battle is always funny, but cliche' at this point.
What really disturbed me was the can-opener fiasco. Really? That's nothing to do with the Internet. WTF.
Didn't Nutflix already go woke & broke?
Ok, so it's a zombie company that hasn't been de-listed yet, but losses 2 million subscribers per quarter ever since their CEO jumped on the woke-train to gain subscribership and it backfired horribly.
What I find humorous is when ever CNBC talks about it, they all act like they don't know why this happened, and are at a loss to explain why so many subscribers are jumping ship.
The fact is, everyone knows the elephant-in-the-room but no one wants to mention this on CNBC because they all know they'll get fired from TV and blacklisted for life. So everyone just acts 'Yeah, I wonder why that happened. Even though I'm supposed to be an expert at all, I'm just clueless!'
OK How about limiting the block chain. I'm grasping at straws but I figure if something can go wrong it probably will.
It's just that I see it as a Ponzi. A miner solves a problem and gets a reward in bitcoin.
The miner cashes that bitcoin by exchanging it for cash from an investor.
The only way for an investor to make money is by selling it to someone else.
Why would an investor buy it? Because it is increasing in value
Why is it increasing in value? Because it's rare.
If it's rare why does the value fluctuate so wildly? That's the answer I'm looking for.
Now the reason I think it's a Ponzi is that new money has to come in to pay anyone who wants to cash out. If you wanted to sell and I'm not suggesting you should, you have to find someone who wants to buy. Bitcoin produces nothing.
You're grasping at straw, but there is no need, you're really just bringing up the old argument "government will ban it"
That's not what a ponzi is. Look up ponzi on google
What you're describing can be applied to most investments, including any non-dividend paying stocks, like TSLA, AMZN, FB, ZM, and gold coins and silver bars, and art pieces, etc
Read the book "The Bitcoin Standard" and "Layered Money" and you will understand the value of Bitcoin
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
If you want to sell, where does the money come from.