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To: RoosterRedux
It’s not ad hominem attacks or even criticism. It’s derision.

I feel like the information is there for all, and some people simply don’t get it, for whatever reason.

A generational issue with people who were born prior to 1975 is just my best guess.

Perhaps your securities background is part of the issue. Bitcoin is not a security in any sense, and is not recognized as such by any regulator in the world. In fact, US regulation lags far behind most of the developed world because we’ve let the SEC run roughshod over the industry, who continue to get their butts whooped in Court (with a final buttkicking from Trump not too far behind).

I guess I’m just tired of this conversation, of Freepers sounding like DUers and people stuck in a time warp when there’s so much information out there that will explain the “intrinsic value”, and more importantly, the UTILITY of bitcoin, to where there’s nothing I could possibly say that would convince you if you really have done a deep dive.

There are hoards of information that could go into detail about 51% attacks, and how they were a threat in the early days of bitcoin, which was why Satoshi and early champions like Adam Back (who I believe are the same person) were against attracting unwarranted attention e.g. facilitating Wikileaks transactions.

But all of the information will be somewhat dated.

Do you know why?

The energy and hardware requirements to even pull off a 51% attack considering the network’s current size is so monumentally and impossibly large, and the gains so weak and small, that it’s simply not a threat any longer.

Anyways, bitcoin is a peaceful and voluntary system. It’s now the 9th largest asset in the world and will probably overtake silver next year.

But if don’t get it, you don’t get it. Best of luck otherwise.

23 posted on 07/28/2024 10:25:28 PM PDT by GunRunner
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To: GunRunner
I appreciate your honesty, but am perplexed by your derision for those who question your position on cryptocurrency. This doesn't build trust in cryptocurrency or yourself. And trust is, so far, a major problem for the spread of crypto.

And, BTW, cryptocurrency is completely related to securities and investments because it purports to be a medium of exchange in which all investments and human financial activity may be denominated.

You seem to lack a deep understanding of how human economics works and the interconnectedness of its components (like currency and investment).

And, in case you didn't know it, your derision of those who converse with you on this subject is most certainly an ad hominem (though I can see why you wouldn't understand this). And seems to indicate an ugly immaturity.

24 posted on 07/29/2024 3:49:17 AM PDT by RoosterRedux (Take Trump off ballots. Fail. Take his money. Fail. Put Him in jail. Fail. Assassinate him. Fail.)
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