Posted on 02/23/2021 7:47:40 PM PST by amorphous
In the end, the only way to kill Bitcoin may be to make it so that people don’t need it anymore. If no one wants a devaluation-proof, censorship-resistant, permissionless, borderless, non-discriminatory, teleporting financial asset, then no one will feed it energy, and it will die. Perhaps humanity can come up with another technology that addresses these needs.
But until then, Bitcoin will thrive.
until we all starve or freeze to death
Prove time that Bitcoin is nothing more than an experiment by government
Anyone find any bargains after the price drop, in last day or two?
I picked up a few hundred OMGs - why not...
Green energy will limit one's access to their money when it fails.
I’ve never understood what you can actually spend bitcoin on...
Is it like a Quatloo?
Cute!
...
Unlike every other cryptocurrency, there is no central point of failure. Bitcoin has no Vitalik Buterin, no Ethereum Foundation, no Deltec bank like Tether, no fancy offices in San Francisco, no team of lawyers, no governance token, no VC-backing, no pre-mine, no small council, and no whales able to manipulate the system. This decentralized architecture has already insulated Bitcoin from attacks at the highest levels. No matter how much Bitcoin you own, you can’t change the rules, print more, censor, steal or prevent others from using the network.
Bitcoin is an existential threat to corrupt governments, the global banking industry and the Rothschild oligarchy.
What's not to like?
But you know they're not going to go easily into the night. They will first try to starve us out, then set fire to the barn! And if that doesn't work, they hire a mess of bandits to shoot up our homesteads!
We're going to have to circle the wagons!
A serious post and look at the responses. They speak for themselves. There is a fine line between humility and arrogance.
“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No”
“ I’ve never understood what you can actually spend bitcoin on...
Since a growing number of payment processors accept Bitcoin as payment, the answer is pretty much anything.
Better to hold for now
Yes, I did. That question was on 2019’s 1040 too. Funny, ain’t it, that the government only wants to know about cryptocurrency assets, but not about commodities, stocks, or bonds, classic cars, or Elvis memorabilia...
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Pretty much anything when doing "person to person" BTC transactions, other ways are via the "Cash App" or PayPal, or soon "anywhere VISA is accepted":
https://coinmarketcap.com/headlines/news/Visa-plans-to-bring-crypto-to-network-of-merchants/
Learn to code.
Same as debit/credit cards.
crypto is a great act of defiance against government control of economic lifeblood and debasement of value. The value of every government issued currency has sooner or later degraded to virtually nothing, destroying the wealth of the people in the process. Any conservative who thinks that is a good idea is severely defective. Cryptocurrency is a conservative dream come true, if conservatives have the simple common sense to see it.
Visa card? Use it. They take bitcoin.
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