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Started By
Message
re: A Trip Down Bitcoin Memory Lane (Part 2) For WikiTiger
Posted on 11/19/24 at 11:59 am to Big Scrub TX
Posted on 11/19/24 at 11:59 am to Big Scrub TX
quote:
What other crucial technology can you cite that took so long to do anything actual?
TCP/IP
1
Posted on 11/19/24 at 12:08 pm to DallasTiger11
quote:That seems more like an evolution based on the nascency of what it was being applied to (the internet) and the available tech.
TCP/IP
In the case of blockchain/bitcoin, currency has existed in highly liquid form for hundreds of years and raw compute is far ahead of the early internet in this analogy.
There's no reason at all why billions of venture dollars along with attempts of major American institutions (e.g. JP Morgan) to actually use this tech should result in such a big pile of...nothingness.
Posted on 11/19/24 at 12:52 pm to I Love Bama
quote:
You have a lot of studying to do. If I own 10 acres of vacant land in the middle of NYC, am I also "not rich" because I haven't sold it yet?
Terrible analogy
Posted on 11/19/24 at 1:24 pm to HailToTheChiz
quote:How so? Bitcoin is a lot more liquid than real estate. Even if he had $5 billion in "paper" value of "unsold" Bitcoin, he could convert that to cash in less than a minute.
Terrible analogy
If that ain't rich to you, nothing is.
This post was edited on 11/19/24 at 1:26 pm
Posted on 11/19/24 at 2:26 pm to Big Scrub TX
quote:
What other crucial technology can you cite that took so long to do anything actual?
It already IS doing something. It's storing value for generations to come.
You're asking the wrong questions, but I am bored so will play your game.
1. The steam engine. Invented in the early 1700s but did not gain steam (pun intended) until the late 1700s.
2. The laser. Functional in the 1960s but had to use case for many years after.
3. The internet. Invented in the 1960s and wasn't widely adopted until the late 1990s.
But your question and these answers are meaningless.
Posted on 11/19/24 at 2:36 pm to I Love Bama
I should've listened to more WikiTiger
and less Ancient Tiger.
and less Ancient Tiger.
Posted on 11/19/24 at 2:59 pm to I Love Bama
I had a buddy that sent $1200 via Western Union to buy Bitcoin.
He sold it and paid off his house about 2018. He's bitter about it now.
He sold it and paid off his house about 2018. He's bitter about it now.
Posted on 11/19/24 at 3:42 pm to I Love Bama
quote:
It already IS doing something. It's storing value for generations to come.
That's not an answer. Specifically referring to blockchain, what is it doing for us? quote:
You're asking the wrong questions, but I am bored so will play your game.
1. The steam engine. Invented in the early 1700s but did not gain steam (pun intended) until the late 1700s.
2. The laser. Functional in the 1960s but had to use case for many years after.
3. The internet. Invented in the 1960s and wasn't widely adopted until the late 1990s.
But your question and these answers are meaningless.
Those actually aren't very good answers and the question IS meaningful. There should be no impediment to full implementation (as the steam engine faced due to tech limitations) of blockchain in our lives in other areas. Hasn't happened.
Posted on 11/19/24 at 3:49 pm to Big Scrub TX
That’s what makes a good market. I’ve placed my bets and you’ve placed yours.
Best of luck.
Best of luck.
Posted on 11/19/24 at 3:51 pm to I Love Bama
Someone kept receipts.
Kudos.
I'm not a fan of bitcoin but not going on a message board bashing anyone for it. There is money to be made. There is also money to be lost.
My old boss lost 50k invested with FTX (He'll get 18k back from their bankruptcy).
Kudos.
I'm not a fan of bitcoin but not going on a message board bashing anyone for it. There is money to be made. There is also money to be lost.
My old boss lost 50k invested with FTX (He'll get 18k back from their bankruptcy).
Posted on 11/19/24 at 3:53 pm to I Love Bama
quote:This isn't a dick measuring contest. I personally have always carried some bitcoin since 2013.
That’s what makes a good market. I’ve placed my bets and you’ve placed yours.
Best of luck.
I was asking YOU specifically to distill what you supposedly learned from reading so much. All I've ever seen is the same regurgitated nonsense.
It's weird that you refuse to do so.
Posted on 11/19/24 at 4:04 pm to Big Scrub TX
I’ve done it over 100 times. You can search my posts if you are very interested
Posted on 11/19/24 at 5:03 pm to I Love Bama
Oh boy, i'd be curious to see some of the shite i said
Posted on 11/19/24 at 6:30 pm to Upperdecker
quote:
Wiki sold early and can’t live down the shame
It’s more probable that he’s a billionaire.
Posted on 11/19/24 at 6:34 pm to Gaggle
quote:
what are the odds he has resisted that temptation and actually held it?
You don’t think a guy who probably had 1,000+ BTC maybe kept 50-100 for shits and gigs after selling out?
Posted on 11/19/24 at 6:54 pm to Carson123987
quote:
Will never forget reading Wiki's posts in my dorm as a freshman at LSU and calling my roommate over to read about it. We both wanted to buy and loved the concept, but back then it was exceptionally hard to purchase (no Coinbase or anything to just jump on and grab some), plus we were freshmen with no money
It was $8 at the time. 8 fricking dollars
Same..... Same
Posted on 11/19/24 at 7:18 pm to I Love Bama
I will never forget college game day at LSU in 2012 or 2013 someone had a sign that read “mom, send bitcoin” and it had his QR code by the next day people around the country had sent him some bitcoins and had gotten about $25k from hundreds of people sending him bits of bitcoin.
Posted on 11/19/24 at 8:48 pm to PhiTiger1764
quote:
It’s more probable that he’s a billionaire.
It’s not. At all. There are less than 1,000 billionaires in the US. The chances of Wiki being one is basically nil.
ETA- full disclosure though, it somewhat chaps my arse that Wiki probably/hopefully made a ton of money on BTC despite mostly being wrong about any of its practical uses, especially since I was around and active then. To some extent that’s the beauty of investing in anything- you can still get it right if your thesis is mostly wrong, and vice versa. No one will really ask you why you bought something after you’re rich.
This post was edited on 11/19/24 at 8:58 pm
Posted on 11/19/24 at 9:27 pm to slackster
quote:I don't know, man. There are many bitcoin billionaires and centimillionaires that obviously won't show up in the data.
It’s not. At all. There are less than 1,000 billionaires in the US. The chances of Wiki being one is basically nil.
For my part, I personally know at least one person that expatriated to a foreign country in freaking 2010 just to focus on such. He was already very wealthy going in (maybe $200Mish). I have no doubt that he's worth AT LEAST $5B now. He wasn't selling and he was as all in as anyone I've ever seen - buying AND mining. He was kind of a spectrumy freak. There's no data tracking him.
Let's just say to get to 1 billion @ $90K bitcoin is ~11K coins. That is well within a plausible amount for someone like Wiki to have accumulated. I mean, he might have had 100k coins at one point.
Posted on 11/19/24 at 10:11 pm to Big Scrub TX
I remember in 2017's bull run Wiki came back and had a AMA thread.
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