Blockchain is Dangerous Nonsense

[2rosy]

more to the blockchain than exchanging tokens. comrades want it controlled

 

[JayDomK]

What will you do if it falls 20%?

Buy, of course

 

[SunTrader]

..... That it's not tied to anything?

But belief. Just like a n y o t h e r m o n e y.

 

[Frederick Foresight]

But belief. Just like a n y o t h e r m o n e y.

Belief tied to relative economic variables between and among different economies. The "belief" in bitcoin is based on nothing other than the hope of easy riches. There is no underlying. There is no economic basis. It is just blue sky. Wishful thinking and mass hysteria. Works in the short term. There is no long term.

 

[johnarb]

Belief tied to relative economic variables between and among different economies. The "belief" in bitcoin is based on nothing other than the hope of easy riches. There is no underlying. There is no economic basis. It is just blue sky. Wishful thinking and mass hysteria. Works in the short term. There is no long term.

How long is long term (asking for a friend)?

The fiat currency USD is only a 50-something old temporary experiment, remember when you heard President Nixon on TV announcement?

Prior to that, USD was backed by hard money gold, base money absent of liabilities, like bitcoin

 

[Frederick Foresight]

How long is long term (asking for a friend)?

The fiat currency USD is only a 50-something old temporary experiment, remember when you heard President Nixon on TV announcement?

Prior to that, USD was backed by hard money gold, base money absent of liabilities, like bitcoin

I see that you're reading from the crypto bro handbook.

Try harder.

https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea

 

[SunTrader]

Belief tied to relative economic variables between and among different economies. The "belief" in bitcoin is based on nothing other than the hope of easy riches. There is no underlying. There is no economic basis. It is just blue sky. Wishful thinking and mass hysteria. Works in the short term. There is no long term.

Soooooo 15 years is short term?

Is the Euro a short term example too?

 

[Frederick Foresight]

Soooooo 15 years is short term?

I knew you'd fixate on that rather than on the rest of my post. Yeah, there is no accounting for its unwillingness to do the right thing and die.

Enjoy the ride, Thelma.

 

[SunTrader]

I knew you'd fixate on that rather than on the rest of my post. Yeah, there is no accounting for its unwillingness to do the right thing and die.

Enjoy the ride, Thelma.

Just so you know, I've never bought a single fractional bitcoin, so you can fixate on mems and ignoring the simple proposition that money, like a n y t h i n g else in this world. has value if someone is else is out there willing to give it that. That is why DogeCoin is "valued". Does it have to make sense or even have to? Absofrackinlutely not.

Have fun. Done.

 

[Frederick Foresight]

Just so you know, I've never bought a single fractional bitcoin, so you can fixate on mems and ignoring the simple proposition that money, like a n y t h i n g else in this world. has value if someone is else is out there willing to give it that. That is why DogeCoin is "valued". Does it have to make sense or even have to? Absofrackinlutely not.

Have fun. Done.

Consider taking an economics course. Best wishes.