another one looking for his 15m
https://btc.com/stats/pool
https://digiconomist.net/bitcoin-energy-consumption/
Comp Sci prof who doesn't think much of crypto
- Thread starter tango29
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another one looking for his 15m
https://btc.com/stats/pool
https://digiconomist.net/bitcoin-energy-consumption/
And that lie would be??
That bitcoin meets the definition of a ponzi?
That there is no practicle way to value bitcoin?
That there is no downside to cash when the price of an asset is falling?
That bitcoin requires a greater fool to keep increasing in value?
That bitcoin is having trouble being accepted as a currency?
That bitcoin is a secure store of value?
Or that by a certain date bitcoin will be worth a million dollars?
And there you go again. You're nothing if not predictable. In vague terms, of course.
No.
The definition includes:
Pre-defined profit/timeline
There was no "work" of value creation done
BTC offers the fastest, most distributed, permissionless, pseudo-anon network and still retains first mover advantage. This network has a decades worth of independently verifiable history of settlement finality of any MoE. In addition, it also acts as a speculative SoV, and entire emerging DeFi ecosystems and distributed markets use it as a base UoA.
It's cool not to understand it, nor the principles it promotes nor opportunity it presents.
To understand crypto's, you have to understand demand for scarce blockspace in an upcoming block. Setups are unfolding, Fortunes are being made.
Get your yeehaw's in now, for this too will pass.
You're most likely from an era that had corded phones, truth was fact-based and sound money was still something you could get your hands on.
The world has gone mobile. We are "ruled by primitive emotions. Still governed by medieval institutions and have god like tech in our hands."
Truth has become relative, willful ignorance, has knocked earned knowledge and wisdom off the pedestal.
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See you're deflecting again, deaddog
Just to be clear, you understand how Bitcoin is traded, but you keep lying about how it is traded, so that makes you a lying piece of shit, deaddog??
And now you want to deflect to other discussion issues to bury the fact that you are a lying piece of shit, deaddog??
Bitcoin is a store of value and will be worth over a million $ in the future and you'll still be a lying piece of shit, deaddog
There are tons of people "refruting" that claim. lol. At this point I could write a book about it but it would fall on def ears in this forum so I won't bother. The technical implications of bitcoin are covered extensively and you can read about it anywhere. But the punchline is that the supply is falling (yes, really) and always will. I've seen other assets do this, such as pink diamonds, and the price is explosive. Most people are accustomed to assets like stocks, metals, real estate, lumber, etc. With all of these supply can increase as demand increases. Bitcoin won't behave like those other assets.
You will also notice that the biggest critics of crypto know the least about it technically. They can't tell you how blockchain works. This is precisely the pattern I remembered with the Internet in the 1990s. Old men who thought they knew everything couldn't talk to you about it, yet they were certain no one would ever use the Internet for anything other than a toy.
Funny, I was going to suggest the same thing to you.
Groovy. Keep buying with both hands while supplies last!
has nothing to do with it being a ponzi/kwonzi. Charles Ponzi's original business plan was sound, a simple Italian stamp arbitrage. It was the fact that he never actually executed the plan what made it a ponzi. Just the same, bitcoin can be the best money sending device AND still a ponzi.
Not that you ever gonna understand or acknowledge it.
