I think you're starting to understand....
Bitcoin Price Thread
- Thread starter Magna
- Start date
You...'think' ???
Well if that is so...
- The spreads on treasuries is irrelevant detail.
- Failing an audit is irrelevant detail.
- Your lack of basic understanding is irrelevant detail.
And why on earth would someone into your expertise field of knowledge on kiddie porn (and every other criminal activity) want to do a transaction that is recorded on a pubic ledger for everyone to see? Again, is there something you know here that the rest of us do not but should be aware of?
Are you mentally ok?
And are you suggesting this is negative?
Let's just go right to the roots and see if anyone can argue with what I consider to be first principles. Money is simply a way to store and exchange value. The barter system had to evolve because often, two people couldn't trade directly because neither had what the other person wanted. So you need an intermediary "item" to accept that you can later use to exchange for something that you need.
Gold was considered this because it had world wide acceptance, and most importantly, couldn't be created without putting in hard work. Lots of alchemists tried, but in the end, only digging it up out of the ground is how you "create" gold. So when someone accepts gold as a form of payment, they inherently know that lots of work was put into sourcing this gold, and they also know that anyone will be willing to accept this gold in the future.
Money has throughout time been many different things, but central to all the various forms is this idea that you can later exchange it for something else, that it won't degrade, and most importantly, that its not easy to source. Case in point, glass beads were once thought of as valuable until the Europeans started flooding the market with easy supply, something the Africans didn't know was possible.
When government prints money, even when banks create money originating from loans, they are essentially circumventing one of the most important properties of money, the fact that it takes lots of work to create it. If whatever you use as money is easy to create, then the value dramatically drops. If I accept $100 as a daily wage, but the government just prints that $100 and gives it to someone who did no work, but work was instantly devalued.
So if this is all that money is, if its main purpose is simply to keep track of value that we all exchange amongst ourselves, then why can't it be a simple spreadsheet that everyone has a copy of and comes to an agreement about how its 100% accurate?
You seem to want to degrade Bitcoin because its just a spreadsheet, but this is actually why its the best form of money ever created. The blockchain doesn't do anything else, it has no other purpose. It doesn't have multiple properties, and this is a good thing.
I know you're smart enough to understand, but if you would like to contribute an answer to where this breaks down, I'm willing to listen.
I haven't read any of this beyond the first question.
You cryptobros think it's magic. I can produce a pixelated headshot of a dude with a Brooklyn fade and it becomes an NFT. It's worth six figures because I can provide provenance. If you don't think that is unbelievably stupid then I have an NFT of the Brooklyn Bridge to sell you. The Brooklyn references were entirely accidental.
Valuation. I won't use the word 'tangible'.
And so here you do what you accuse other people of doing.. changing the goalposts. We aren't talking about NTF's here. We are talking about Bitcoin. Since you don't have a logical argument against what I said, which you claim you didn't read, it would show that you can't argue with the main premise of money and why Bitcoin is the best form of money.
But I know you're raking in profits with your options trading, so none of this is all that important to you, and so I understand. And I also realize you are smart enough to know how to protect your wealth. But the world around you is falling apart, and you too will be caught in the crossfire.
'Moving' the goalposts.
The NFT is the only other thing that you losers have assigned a value to outside of stupid forks and memes. It's the closest analog within the space. If you were functional you'd get it.
You can talk all the non-sense and hopium you want, but reality is going to hit hard when you end up getting dumped on BY THE GOVERNMENT.
HA-HA, the joke will go on full-circle.
The german government has already dumped. Coming up next is US government about to dump silk road bitcoins.
China has also only recently started transferring tokens seized from some ponzi (more than $10B)
China Shifts $2B In Seized Ethereum, Bitcoin & XRP Next? (coingape.com)
The only hope you ponzi schemers have is that the government sends the tokens to exchanges, people get overly bearish and there is one more exit pump before the inevitable demise.
The only hope for bitcoin is an exit pump. This shit is doomed. The only pump you can have is an exit pump. And questionable whether there will be one as we've already had so many and might as well just nuke down.
HA-HA, the joke will go on full-circle.
The german government has already dumped. Coming up next is US government about to dump silk road bitcoins.
China has also only recently started transferring tokens seized from some ponzi (more than $10B)
China Shifts $2B In Seized Ethereum, Bitcoin & XRP Next? (coingape.com)
The only hope you ponzi schemers have is that the government sends the tokens to exchanges, people get overly bearish and there is one more exit pump before the inevitable demise.
The only hope for bitcoin is an exit pump. This shit is doomed. The only pump you can have is an exit pump. And questionable whether there will be one as we've already had so many and might as well just nuke down.
This is weird. Because the BTC maxi group were the main opponents AGAINST NFTs.
And even the ETH investors already warned about the NFT bubble.
That said, NFTs are not going anywhere. Prices have come down (as we said they would). You're basically using a strawman argument or something...