Posted on 01/30/2021 4:35:29 AM PST by Kaslin
keep telling yourself that
of course, crypto currencies aren’t a ponzi scheme. if you think they are, you have no idea what a ponzi scheme is.
cryptos are more reliable money and closer to everyone trading gold than the cute pieces of paper w/ the magic scribbles you have in your pocket
Satoshi Nakamoto, remains anonymous.
Not true. The inventor’s story is out and a facinating read. He details how he came up with that name.
And when the grid goes down or is locked??
Sad to say I did not accumulate any Bitcoin back when my Grandson was educating me on it at a time it was under $100. I was of the opinion that it was a modern day tulip mania. He is
a multi-millionaire in his early 30s now. Now that even banks, insurance companies, pension systems, etc. Are getting in and helicopter money is flying around..., Owning a little crypto is good insurance!
Count me out of the Bitcoin rush. It might very well be successful. However, even if it is, the government will either take it over, or replace it with a mandatory government run “equivalence”. Neither gives me any confidence in Bitcoin (nor the government, for that matter).
When other crypto currencies that are better designed come into wide use, bitcoins will be worthless, not worth the bits they are printed on.
Interesting point. Life on the internet can be fleeting. AOL, Facetime, etc.
Bitcoin is nothing more than a greater fool mania on steroids. They are the ultimate fiat currency.
Bitcoins will be the MySpace of crypto.
No, no it’s not. It has zero intrinsic value. Gold at the very least can be used as a paperweight or doorstop. Bitcoin does not exist. Bitcoin can go to zero. Gold will never be worthless. Anytime they want the corrupt governments of the world can shut down bitcoin.
When it collapses, and one strongly suspects that it will, many nice, however foolish peeps will be ruined
I mine etherum with three mining rigs producing just over one Eth coin in 18 days. In November one Eth was worth $800. Yesterday the same coin was worth $1,837. The value of the coins I produced last April was around $100-140... today it is under $1,400 and yesterdays coin that was $1,8xx is now just under $1,400. I have been mining since 2017 and have produced over 50 coins, mostly Etherum.
The thing about this is that it really is an effective measure of value. All of the banks are purchasing Etherum and Bitcoin. The investment companies are buying it and they are issuing projections for Bitcoin to hit $210-270,000 USD in the next 12-15 months.
A stolen election has consequences. The destruction of trust in the USA as an agent of good and a government that was trustworthy is over. There can never be another real election in the USA after the Biden Coup.
The great reset requires bailing out the EU Central Bank moving finances there back into the national banks. All the world currencies will have a “reset” value and each Bloc of currency like the financial sphere of the USD, the Pound, the Euro, Rubble or Yuan will gobble up the surrounding nation states thru their debt and loans.
We are going to see the issuance of THE AMERICAN DOLLAR replacing the USD and it will be used from North to South Americas.
The value of US DOLLARS will become nothing so piles of cash will be worth nothing when the new America’s Dollar is issued so moving into “coin” will force major investment firms, criminals, banks, governments to further purchase Bitcoin driving up the price.
Welcome to US Socialism and one Party Rule. Our debt crisis is undeniable now that votes mean nothing and the natural law of currencies valuations will kill the major fiat currencies.
I think everyone here should buy Etherum or Bitcoin now.
Hi.
A world wide web blackout will be a problem for blockchain.
5.56mm
Bitcoin is like buying air and somehow trusting that it will go up in value.
When it collapses, and one strongly suspects that it will, many nice, however foolish peeps will be ruined
By the way, how are lottery tickets doing? don’t see the ads anymore.
I recall my World History teacher talking about how in Germany, WWI (II???) they would bring a wheel barrow full of cash to buy a loaf of bread. Somebody would steal the wheel barrow and leave the cash for a faster get-away!
Someone told me about bitcoin 10 years ago. I tried to set up a bitcoin account but it was such a faff I gave up.
I’d have been a mutlimillionaire by now if I had persisted. Gutted.
The value of bitcoin is it is a medium of exchange that is beyond the control of governments and hedge funds.
In that sense, it has just as much intrinsic value as gold, which apart from a few industrial applications in small amounts has no real practical value that would otherwise justify its high price.
“Gold can at the very least be used as a paperweight or door stop” And that justifies the otherwise ridiculous price of gold? The price of gold is far beyond its actual practical usefulness.
Unless you are expecting civilisation to collapse entirely, its not that much better as an investment or store of value.
Unlike US dollars, Euros, or China’s Yuan Renminbi, the number of bitcoins is strictly limited. As long as sufficient people agree that bitcoin is money (and the number of such people seems to be growing), the value of a bitcoin is very likely to gain in value against the dollar, Euro, or Renminbi. The only way the central banks can compete with bitcoin is with a gold or other commodity backed currency, and that would subject them to that which they hate the most, discipline in creating currency.
It’s fashionable to ignore the underlying value of things.
“ No different from the dollar, bitcoins are valuable because we believe they are valuable.”
The full faith & credit of America and used electricity are the same? I think not.
LOL.
I have more faith in electricity then our Regime.
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