Judging by the SB ads, this is the year when cryptos die

[murray t turtle]

EVs certainly give the powers-that-be more ways to control people (geofencing, monitoring, limited driving capacity, etc.).

%%\\
Good points LOL.
Good for coal companies, since that$ how much of US gets electric power I did notice many of my ETFs had TSLA in them/better them than me\ than buy that single stock.
I MAY buy a TM Prius,[or non 24ovolt plug in ;i tried to last year + some one put a deposit down about the time i started myTM test drive.
AVERAGE battery life is 8-10 years\100k to 150+? miles. BUT while it seems one can drive with a dead big battery\ not sure if one can back up with IC only on Prius\LOL.Most all those Asian car are built better than American.
BUT i test drove a KIA hybrid + never could get the cruise control to work/good ride but they had so much clutter about gas mileage instruments.
I prefer low tech\ hand cranked windows, but hard to get /LOL

 

[Specterx]

EVs? Reminds me of the guy in Finland who had a 2013 model S, learned in 2021 that the battery pack had reached EOL and would cost €22.5k to replace, and decided to dynamite the car instead...

If we really wanted to save the earth, we'd bulldoze the suburbs and force everyone to live in compact towns built around mass transit. EVs are just half marketing gimmick, half placebo, which has somehow convinced people that shuttling their fat asses around in two tons of metal and a ton of toxic chemical batteries is "eco-friendly".

 

[GlobalMacro90]

Does anybody remember the pets.com Super Bowl ad? That was the end of the company. And here we are crypto having the stupidest ad with the moving QR code, etc.

It is all over now. Oh yeah, there is that multiverse thingy too... Anyhow mark my word, BTC under 20K a year from now...

For nostalgia's sake:

And a parody of it a year later:

Comparing BTC to pets.com?? Do you really think BTC is such an insignificant innovation that it's like pets.com? (serious question)

 

[Pekelo]

Comparing BTC to pets.com??

Yeah. Here, I will give you a homework:

1. Go to the web's wayback machine and look up what was said/promised about bitcoin, shall we say 2-3 years after it was invented.

2. Let's see how those promises turned out.

3. Just give us the % of the fulfilled promises. It is probably around 20%.

As an added task, tell us if bitcoin is out of its betaversion, 13 years after its invention and literally billions of money pouring into it?

 

[GlobalMacro90]

I'll play I guess (when will I ever learn)

I think you are getting to the fact that initially BTC was said to be a payment system. While it is a great payment system on lightning (don't @ me with time/block size stuff please, do some research), it's not a good payment system bc of the volatility. BTC has evolved to be more of a global settlement layer / scarce store for the value use case at this point.

That being said, more value was settled (read transacted) on the BTC blockchain last year than Visa! Over 13 trillion of transactions settled on the bitcoin blockchain last year. That's up from 2 trillion in 2020.

No idea what you mean re "betaversion". Bitcoin hasn't really changed since it began (other than minor upgrades) and in my opinion never will change. It's kinda the beauty of it, its simple and therefore very hard to displace (hard to improve on something so simple). Please expand.

So tell me how pets.com (which made no money) is the same thing as a decentralized network that nobody controls (or can turn off) which facilitated the movement/settlement of 13T USD worth of transactions in a year?

 

[The_Krakenite]

One of the catalysts for BTC is the inflation argument. If the Fed can start getting things under control and winning this issue, then Michael Saylor will start to have to change his narrative a bit. But...

Since inflation will always be targeted at 2% as optimal by economists, we'll never hear the end of inflation arguments.

 

[Pekelo]

we'll never hear the end of inflation arguments.

They are only good if the price vastly outperforms the market, otherwise plenty of instruments against inflation.

 

[Pekelo]

Since you seem genuinely clueless, I don't mind educating you. I assume you couldn't read back in 2000, aka you are young.

1.I think you are getting to the fact that initially BTC was said to be a payment system.

2.That being said, more value was settled (read transacted) on the BTC blockchain last year than Visa!

3.No idea what you mean re "betaversion".

4.Bitcoin hasn't really changed since it began

5. So tell me how pets.com (which made no money) is the same thing as a decentralized network

1. Yeah. I have an invention, it is a tiny anti-gravity machine, but right now it only works as a paperweight. Nothing wrong with repurposing objects, but the constant goalpost moving by crypto fans is getting ridiculous. AS a payment/currency bitcoin has failed. End of story.

And I meant here various originally claimed features too, that turned out to be not true, like anonymous, cheap tx, fast tx, etc.

2. This is highly irrelevant because 99.99% of it was trading, not exchanging it for products and services.

3. A beta version refers to a state of a new product that is not ready for the market. Google beta testers...

4. That is not a positive thing. It is hugely negative. There are plenty of better, technologically more advanced cryptos out there. Bitcoin is OBSOLETE.

5. Not technologically, but:

a/ Fundamentally. None of them have much, if any intrinsic value. A Statoshi should be worth as much as a pets.com share, I guess collector's value.
b/ Financially: They both were valued on hype and greed and FOMO, not usefulness or by any other financial standard.
c/ Timing wise: When a new product shows up in the Super Bowl ads specially by multiple advertisers, that product usually has jumped the shark. Similar to the highest skyscraper being built at the top of a business cycle.

 

[Pekelo]

Time to fire up this thread again, because I told you so...

So tell me how pets.com (which made no money) is the same thing as a decentralized network that nobody controls (or can turn off) which facilitated the movement/settlement of 13T USD worth of transactions in a year?

Price, price, price...

And no Bitcoin will never truly die, but will be a collector's item, just like the sock puppet.

 

[cesfx]

So far all predictions about 'the end' of BTC or crypto, that I have read in the last 10 years, including shitcoins, were wrong.
I think it was advertised on super bowl even last year, I remember reading a similar comparison to pets.com.
I am more concerned about my stocks holding than my stash of "deep fried air" crypto at the moment.