Munger says Bitcoin is trash

[SoesWasBetter]

Certainly true, the old guard is not going to get it.

And frankly, the absurdity of it really doesn't matter as long as there's millions of true beliebers pumping real fiat into the circus.

Could easily have been bottles of cat pee, that the nuts decided were stores of value.

I anticipate going to my grave , having never used a crypto currency. We'll see.

 

[Jzwu2017]

The problem with crypto, Bitcoin or Blockchain is the technology has a long way from being proven to be useful in real life/society, but the price has already shot to the sky.

It is a bubble now and remains so even in the future when it is proven, albeit a smaller one.

Does that remind anyone of the Internet bubble in 1999-2000? The concept and price just got way ahead of the reality. And the Internet concept proved to be correct, as we know now.

 

[SoesWasBetter]

blockchain, from the little I know about it, does not require you pay random inflated prices for ephemeral nonsense.

ps, Has anyone name a coin Ephemeral , or is that too close to home

 

[Jzwu2017]

From what I understand about Blockchain, it requires too much computing power and its scalability is questionable.

The open source process sounds good in theory, but is hard to define and execute in real world. All sounds like a pipe dream to me.

 

[SoesWasBetter]

Probably something to it, like there was something to the internet.

For it to be bid up to 20,000 per, just a pack of imbeciles , imo

 

[lovethetrade]

Poland's central bank is reportedly funding a YouTube 'smear campaign' against cryptocurrencies

http://uk.businessinsider.com/bitco...l-bank-smear-campaign-cryptocurrencies-2018-2

The vast majority of negativity in the media, on youtube and in forums is being paid for. Take any negative comments with a grain of salt.

 

[SoesWasBetter]

lovethetrade passing along disinformation.

Either that, or the Poles owe me money.

 

[carrer]

Poland's central bank is reportedly funding a YouTube 'smear campaign' against cryptocurrencies

http://uk.businessinsider.com/bitco...l-bank-smear-campaign-cryptocurrencies-2018-2

The vast majority of negativity in the media, on youtube and in forums is being paid for. Take any negative comments with a grain of salt.

This looks a little different from the usual approach. The governments/banks will usually use the Main Stream Media (MSM) to propagate propagandas because MSM is deemed to be more trustworthy by the public.

Is it because they realized that most 'bitcoiners' are libertarians and don't trust the MSM?

 

[SoesWasBetter]

Just a floating crap game. Probably 500 billion a year in private card games.

So a bunch of millennial bored dweebs tired of getting porked in forex invent some other gambling game.

Thus we have bitcon

Blockchain just a front, an excuse

 

[NeoTrader]

Just a floating crap game. Probably 500 billion a year in private card games.

So a bunch of millennial bored dweebs tired of getting porked in forex invent some other gambling game.

Thus we have bitcon

Blockchain just a front, an excuse

Well, at least they are trying to create something that even some of their competitors (banks and government) are trying to use/copy... Regardless of it working out or not, it is certainly better than to live a miserable life being a "keyboard hero" bashing something just because one doesn't have anything else better to do or the capacity to create something that would be better and compete with it.