CoinDesk finally comes clean

I apologize, I don't read everything (like the last few posts) but this poked my eye...

unconventional wisdom said:
btc is a fixed supply.
More...

First, it is not because of unlimited forking, but sure...

Second, so is my shit. I am not going to live forever so the number of shits I am going to produce is limited. THAT itself alone doesn't make it valuable. My shit can be easily replaced by your shit. There is nothing unique about it.

It also have utility value!! You can use it for manuring or for fecal transfer. How much should I send you, because you like to overvalue easily replaced products with little utility value?? :)

Seriously guys, I don't get it... Why so upset about the ponzi thingy? As long as you are making money why do you care about the classification??

Also, just because the US pension system is a ponzi, that doesn't make crypto LESS of a ponzi...

"It is OK to invest in a ponzi, as long as you are aware of its risk." --- Batu Khan
 
Pekelo said:
I apologize, I don't read everything (like the last few posts) but this poked my eye...



First, it is not because of unlimited forking, but sure...

Second, so is my shit. I am not going to live forever so the number of shits I am going to produce is limited. THAT itself alone doesn't make it valuable. My shit can be easily replaced by your shit. There is nothing unique about it.

It also have utility value!! You can use it for manuring or for fecal transfer. How much should I send you, because you like to overvalue easily replaced products?? :)

Seriously guys, I don't get it... Why so upset about the ponzi thingy? As long as you are making money why do you care about the classification??

Also, just because the US pension system is a ponzi, that doesn't make crypto LESS of a ponzi...

"It is OK to invest in a ponzi, as long as you are aware of its risk." --- Batu Khan
More...

this drivel doesn't warrant a reply. i think you've proven who the real high-schooler is - although bringing your shit into the debate makes you sound more like a preschooler.
 
Pekelo said:
I apologize, I don't read everything (like the last few posts) but this poked my eye...



First, it is not because of unlimited forking, but sure...

Second, so is my shit. I am not going to live forever so the number of shits I am going to produce is limited. THAT itself alone doesn't make it valuable. My shit can be easily replaced by your shit. There is nothing unique about it.

It also have utility value!! You can use it for manuring or for fecal transfer. How much should I send you, because you like to overvalue easily replaced products with little utility value?? :)

Seriously guys, I don't get it... Why so upset about the ponzi thingy? As long as you are making money why do you care about the classification??

Also, just because the US pension system is a ponzi, that doesn't make crypto LESS of a ponzi...

"It is OK to invest in a ponzi, as long as you are aware of its risk." --- Batu Khan
More...

If you fork bitcoin it’s no longer bitcoin, it’s something else entirely. Bitcoin does have a fixed supply.

If you think bitcoin has the same utility as your shit well I can’t help ya there. Read my last post I’d love to hear a serious rebuttal.
I’m being serious. There is certainly concerns and counterpoints to thinking bitcoin is going to 500k/coin, but this certainly isn’t that.
 
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a few graphs on the state of inflation. we all have to choose a currency to ride out this storm.
 
I would love to have an honest/intellectual convo with bitcoin skeptics about the many data points that could be bitcoin reg flags (totally serious)

will @Pekelo and others explain their skepticism? Or just go low because there actually isn’t anything there / he hasn’t really thought this through? Would welcome a discussion
 
GlobalMacro90 said:
I would love to have an honest/intellectual convo with bitcoin skeptics about the many data points that could be bitcoin reg flags (totally serious)
More...
I would like to know exactly what bitcoin is? Why it's worth 67K one month and then 47K a month or two later? How does it differ from Dutch Tulips? How do I value it?
 
deaddog said:
I would like to know exactly what bitcoin is? Why it's worth 67K one month and then 47K a month or two later? How does it differ from Dutch Tulips? How do I value it?
More...

I see it this way;

it raised from 1 digit to 5 digits.
perhaps it might go to 6 digits.

Then mother-of-all-Tulip-Mania happens.

and it will drop from 5 to 4 to 3 to 2 to 1 to 0 digit.

History always repeats itself.
Because humans have been programmed to be very greedy and
very fearful.
 
deaddog said:
I would like to know exactly what bitcoin is? Why it's worth 67K one month and then 47K a month or two later? How does it differ from Dutch Tulips? How do I value it?
More...

i see btc as a currency. except easier to transfer and move around internationally. in theory, in the future property could be encoded as an nft and could be bought and sold without any intermediaries and documented on the blockchain - but that's a tangent.

*edit- i need to improve my explanation
 
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unconventional wisdom said:
i see btc as a currency. except easier to transfer and move around internationally. in theory, in the future property could be encoded as an nft and could be bought and sold without any intermediaries and documented on the blockchain - but that's a tangent.

if it continues unimpeded on it's current adoption, i expect that it will trade with volatility comparable to it's market cap v fiat currency market cap (e.g., if the market cap of btc reaches usd, it would have almost no volatility).
More...
Would you accept bitcoin as a currency today? Knowing that the value could drop in half by the time you want to spend it?

You didn't address the Dutch tulip thing.

We'll have to carry this conversation on later as I've got a 5 hr drive ahead of me today.
 
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