Bitcoin
- Thread starter Wild Turkey
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Uh......yeah that is a possibility. A known downside.
I'm gonna guess, because I've had this exact conversation multiple times, that you know all this already and are looking for some sort of "gotcha" here. Or maybe you aren't. But either way this is the part where we agree that the idea of replacing all fiat currency with BTC doesn't make sense right now and would require some innovation and/or changes. It probably doesn't make much sense to ever completely replace fiat anytime soon, at least in the US.
The energy necessary to mine BTC is another, similar issue.
If you're investing in BTC now it SHOULD be because you see potential in the future. You also probably shouldn't be investing any more than you can't afford to lose.
If you think nothing can ever save it or fix any of the issues, then I guess don't buy any. That's cool. I get it.
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I've had this same conversation with friends as well.
mostly I'm just looking for how this benefits me as a consumer above what I already have? If the coin doesn't have a stable value it's bad for 3rd party transaction management because they might get fucked between purchase and reconciliation. If the coin does have a stable value, it will cease to be a good investment.
I have some bitcoin to atleast satisfy my FOMO itch, but I expect it's just as likely that it's value ends up being zero rather than the "too the moon" estimates I see here and from some of my friends.
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Yeah, I don't necessarily disagree with any of that other than I don't see how it would ever to go straight 0.
Maybe just more optimistic than you are. Plus I find this shit interesting as hell.
Also, Go Vandals. They have been really PISSing me off lately but glad to see that logo is good for something.
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You have no idea what you’re talking about.
Third party?
Please spend some time understanding how blockchains work. Thank you very much!I know you love being skeptical but at least don’t do it from a position of ignorance. Dole is entertaining at that. You? Not really.
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You don’t understand Bitcoin and you expect it to go to zero.
But you invested in it.
Interesting.
You have no idea what you’re talking about.
Third party?
I know you love being skeptical but at least don’t do it from a position of ignorance. Dole is entertaining at that. You? Not really.
more... "you're wrong, educate yourself", rather than an actual discussion.
what I have in bitcoin, I mined a long long time ago. I've spent essentially $0 on what I have.
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Please take two hours of basic Bitcoin education then we discuss. Until then, I’m not wasting time with your constant ignorant chatter just to be contrary.
I know your MO, ser.
Please take two hours of basic Bitcoin education then we discuss. Until then, I’m not wasting time with your constant ignorant chatter just to be contrary.
I know your MO, ser.
good discussion. Enjoy your "investment".
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Demand
Supply
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Not an investment. I own it and I’m never selling.
Again, please learn about Bitcoin. If you’ll read it, I’ll send you a copy of The Bitcoin Standard next time I’m in the States.
You sincerely want to learn about this? On a sports message board?
it's a discussion thread about bitcoin. Who cares about the venue?
Not an investment. I own it and I’m never selling.
Again, please learn about Bitcoin. If you’ll read it, I’ll send you a copy of The Bitcoin Standard next time I’m in the States.
just using it as currency? you're a true believer aren't you?
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Again, I say this sincerely, learn about Bitcoin. In the future, all value will inevitably flow to Bitcoin. As such, you’ll never sell your Bitcoin. Until deflation levels out, you’ll simply borrow (for lack of a better term, since interest will virtually not exist it’ll be so low) against your holdings.
Yes, I did the research and believe in it 100% because it all adds up. It’s perfectly engineered money.
Read The Bitcoin Standard.
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Must-watch basic Bitcoin education. (disregard the clickbait thumbnail)
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@HammerDown so when shit hits the fan and doomsday comes, how do you withdraw your bitcoin and turn it into something usable? just curious from a preppers stance how the bitcoin comes into play
It'll be just as valuable as regular currency...