Meet the anti-crypto crowd
- Thread starter Pekelo
- Start date
they have long cycle...but they will do a hundred times better than bank deposits in the long term[20 years and more]
btc goes against governments and no one can win in the long term against governments..short term governments are not bothered....unless there is a real threat to them until then they let people paly their games
Correct. I am selling my poop. It is limited, only a certain amount will be ever made, it is useful, it is a store of value!!!
Why is porn more wasteful than let's say making a TV show? Not to mention porn is good for your prostate, your mood, your heart beat, etc.
Your argument is whataboutism. Just because others waste energy, your crypto doesn't have to.
And the price varies hugely of your coffee, fund the account then lose 1/2 of it's value over a few months.
Pointless, other than maybe paying your dealer even then it'll only be a higher dealer to a lower dealer not the dealer selling to you, that need to move this kinda funds.
Pek, I'm not saying there's anything wrong with porn (up to a point), all I'm saying is that the people that bring out the old trope of BTC + energy use, NEVER say anything about all the other massive usage and/or waste of energy that goes on around the world.
A billion+ selfies and other assorted photo nonsense ("here's what I'm eating for breakfast guys!") will be taken this week for example. Nobody seems to care about that or call that energy use into question. It's only Bitcoin so the hypocrisy stinks as usual. So if people are that worried about energy use, start to call much of the nonsense before Bitcoin.
My own view is simple - if you buy energy, nobody should tell you, or lecture you, how to spend that energy.
A billion+ selfies and other assorted photo nonsense ("here's what I'm eating for breakfast guys!") will be taken this week for example. Nobody seems to care about that or call that energy use into question. It's only Bitcoin so the hypocrisy stinks as usual. So if people are that worried about energy use, start to call much of the nonsense before Bitcoin.
My own view is simple - if you buy energy, nobody should tell you, or lecture you, how to spend that energy.
Months? Make that a single day. BTC more than halved from high of 03/13/20 (7977.84) to low of 03/14/20 (3867.09).
In order to store value, an asset needs to have value. For example, gold is used in industry, aerospace, electronics, computers, dentistry, medicine, jewelry. Can be used today or stored for years without degradation.
Bitcoin? Realistically not good for anything other than selling it to someone else (and wasting electricity). Its price is entirely derived from speculating on the 'greater fools' to be there to take it off your hands. When the pyramid scheme fails one day, price converges to Bitcoin's real value.
What you're missing is points like these - listen for a couple of mins from 31:10.
Bitcoin is like an iceberg so the majority only see the top 15% AND don't even realise there's 85% lurking beneath. This is why the funds and big traders are starting to buy, and have been buying.
The lady speaking is the lawyer that took down the Silk Road empire and is now a partner in Marc Andreessen's a16z, so a pretty big hitter in the tech industry. Buying Bitcoin is a quasi-long on people like Andreessen being right and that's a bet we should all take (him being right).
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Ok, sending money, fine, easy with bitcoin I suppose.
But her whole spin on computing? Who cares what happens with blockchain, Bitcoin is fixed. Its not like a bitcoin is going to solve my homework. Yes, phones did change everything, and Facebook for example quickly saw that their mobile users were growing much faster than those on a home PC. But they had to develop and work on their app. Its not like with Bitcoin, it can change and evolve and somehow provide computing power. Whatever happens with blockchain and how that evolves will not help Bitcoin if it falls out of fashion. Who is still using their first smartphone? I bet its been recycled by now. The value of that first iPhone is nothing, but the technology evolved. Likewise, the value of Bitcoin may very well turn out to be nothing, but the technology will evolve to a new and better digital currency.