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re: Crypto baws: How confident are you in crypto moving forward?
Posted on 12/19/22 at 12:49 pm to SlidellCajun
Posted on 12/19/22 at 12:49 pm to SlidellCajun
quote:
So why would you NOT want to talk about crypto’s usage as a currency?
It’s like saying you want to discuss stocks, but only tech stocks.
Then saying you think tech stocks are worthless so all stocks are worthless.
1
Posted on 12/19/22 at 2:32 pm to DeathValley85
Slidell, that's decade old info you are saying. It's correct, but just for a microcosm of crypto.
It's like going from a cordless phone to an iphone with the entire appstore. We are talking thousands of apps with tons of different uses few of which have anything to do with retail spending. This aspect of crypto is where you are lacking research. Ethereum changed the game. Even Bitcoin has pivoted from your understanding (which once again is correct but outdated).
It's like going from a cordless phone to an iphone with the entire appstore. We are talking thousands of apps with tons of different uses few of which have anything to do with retail spending. This aspect of crypto is where you are lacking research. Ethereum changed the game. Even Bitcoin has pivoted from your understanding (which once again is correct but outdated).
Posted on 12/22/22 at 12:08 pm to TigerTatorTots
quote:
Bitcoin started crypto and currency is not mentioned once in the white paper as a description
A coin that isn't currency? Impressive gymnastics, there.
Or perhaps it was meant as a collectible?
Posted on 12/22/22 at 1:19 pm to Grievous Angel
Well the title is as follows:
Bitcoin: A Peer-to-Peer Electronic Cash System
Just playing with words at this point.
Short and easy read.
Find faults if you must.
Link here: LINK
Bitcoin: A Peer-to-Peer Electronic Cash System
Just playing with words at this point.
Short and easy read.
Find faults if you must.
Link here: LINK
Posted on 12/22/22 at 1:26 pm to SlidellCajun
quote:
I talk about crypto currencies usage because the objective is to install a usable currency that is limited in supply which, simply put, can be used to buy stuff. As it becomes more widely accepted, due to its limited supply, the value should increase.
Read the white paper. You would save yourself a lot of time instead of being wrong.
You keep making claims that were not made once in the project.
The objective was to build a trustless system. Period. You never mention that.
You mention "features" as the sole purpose. Its just wrong and shows you are either meme'ing or you are refusing to put in any effort to be knowledgeable on the topic.
This post was edited on 12/22/22 at 1:32 pm
Posted on 12/25/22 at 3:32 pm to JayDeerTay84
quote:
Read the white paper. You would save yourself a lot of time instead of being wrong.
Buy I’m not wrong
I’ve said that bitcoin is a form of currency. It’s a crypto currency. It’s intent to to be used to trade for things.
It’s intended to remove financial institutions and allow for peer to peer transactions.
This post was edited on 12/26/22 at 5:05 pm
Posted on 12/25/22 at 11:59 pm to SlidellCajun
Have you considered that it's become mainstream enough that some people buy simply as another source of ancillary income? I doubt the common investor knows the ins and outs of their retirement portfolio. Crypto is seen as a risk for sure, but the potential payoff is enough to attract investors/gamblers and I think it's established enough that this specific demand for it won't go away anytime soon. Don't think this segment gives a damn about its use or its white paper, but they can see its movement 24/7 like the stock market and they're willing to take on the risk as any other cutthroat gamble they choose to take a chance on.
Posted on 12/26/22 at 9:59 pm to CockyTime
quote:
Have you considered that it's become mainstream enough that some people buy simply as another source of ancillary income?
Well yeah. Seems very clear that people are buying on the HOPE that they’ll make some money without any regard for the risk or even an understanding of what they’re buying.
People do the same with meme stocks, unbuilt condo’s, tulips, ships that are designed to not sink, internet stocks with no revenue, and all sorts of things that they HOPE pan out and they can get rich.
I’ve done it.
I don’t care what people trade in the hopes that they become rich. I just want people to go in with their eyes wide open.
Posted on 12/27/22 at 7:02 am to SlidellCajun
quote:
Buy I’m not wrong
I’ve said that bitcoin is a form of currency. It’s a crypto currency. It’s intent to to be used to trade for things.
It’s intended to remove financial institutions and allow for peer to peer transactions.
Nice two day edit.
Interestingly, you ignored the part I quoted.
The above, no one would argue with. Not even you. Whats the problem with the above? Nothing.
But that hasn't been your argument and you are crawfishing again.
See ya bud.
This post was edited on 12/27/22 at 7:04 am
Posted on 12/27/22 at 7:04 am to SlidellCajun
quote:
I just want people to go in with their eyes wide open.
And as everyone said, if this were true, you would know what you are talking about.
Settle down here Batman. You aren't helping anyone.
Posted on 12/27/22 at 7:21 am to JayDeerTay84
quote:
But that hasn't been your argument and you are crawfishing again.
I’m certainly not crawfishing. I still contend that as a crypto currency, it’s not been useful enough and therefore, has highly questionable value to anyone.
As an investment, it’s ludicrous. As a vehicle for trade, it’s akin to gambling. There is no way to know if the traded value is fairly priced.
How do you value it relative to it’s traded value ? Did you buy at 68,000?
And as an inflation hedge, it’s fair”led miserably. That was a cornerstone for bitcoin.
Basically,
It’s failing in its ability to compete against the USD in every measure I can see.
Posted on 12/27/22 at 8:26 am to SlidellCajun
Again. None of these arguments are in the white paper.
All you are doing is brining up the normal talking points.
It’s laughable. Like, what investment to you specifically invest in based on your perceived future value of said asset? The answer is everything. Otherwise, no one would invest. In anything.
You realize it’s still speculation on your part right? No matter what it is.
To this regard, the core principle is the same minus a government body.
So your entire argument is as follows: “my investments are better than yours and you are all dumb”.
All you are doing is brining up the normal talking points.
It’s laughable. Like, what investment to you specifically invest in based on your perceived future value of said asset? The answer is everything. Otherwise, no one would invest. In anything.
You realize it’s still speculation on your part right? No matter what it is.
To this regard, the core principle is the same minus a government body.
So your entire argument is as follows: “my investments are better than yours and you are all dumb”.
This post was edited on 12/27/22 at 8:29 am
Posted on 12/27/22 at 3:17 pm to JayDeerTay84
quote:
To this regard, the core principle is the same minus a government body. So your entire argument is as follows: “my investments are better than yours and you are all dumb”.
It depends
At what price is bitcoin a good investment?
How do you know?
Posted on 12/27/22 at 3:37 pm to SlidellCajun
Anyone that says they are confident is lying. The joy ride is over and reality is setting in. Hex/Pulse riders are no where to be seen on this board. Hex is down 95% and Pulse STILL hasn't launched 
Posted on 12/27/22 at 4:07 pm to SlidellCajun
quote:
It depends
At what price is bitcoin a good investment?
How do you know?
Do you think these questions are unique to Bitcoin?
Its sad how obvious the point is that you continually miss.
Posted on 12/27/22 at 4:24 pm to SlidellCajun
quote:
And as an inflation hedge, it’s fair”led miserably. That was a cornerstone for bitcoin.
Define inflation for the class.
Since BTC's inception, 1 BTC buys more today than it did then.
Want to look at the dollar over the same time frame?
I would tell you to zoom out, but like your knowledge on this space, your view is too small.
This post was edited on 12/27/22 at 4:36 pm
Posted on 12/27/22 at 6:19 pm to SlidellCajun
quote:
what price is bitcoin a good investment
probably now, but eth will be bigger.
Polygon has partnerships with Nike, Adidas, Starbucks, Disney, Shopify, NFL, TicketMaster, Reddit, Instagram, Facebook, Prada, Dolce & Gabana, FlipKart, Coca-Cola, Adobe, Bentley, Stripe, Draft Kings, 100 Thieves, and that's just a few.
Fidelity is adding web3 services.
Probably nothing.
Posted on 12/27/22 at 7:24 pm to JayDeerTay84
We’ve got another year of these threads unfortunately
Posted on 12/28/22 at 12:11 pm to JayDeerTay84
quote:
would tell you to zoom out, but like your knowledge on this space, your view is too small.
There’s a common theme when people are challenged on their blindly optimistic bitcoin or crypto currency stance- they get defensive and claim “you don’t understand it”
You’re cherry picking a time frame.
Bitcoin, as inflation has been an issue- est 2020-2022 has failed as a hedge against that inflation ie the increase in cost of goods.
Why can’t you and other establish an open mind about this stuff and just accept that it could be hugely flawed as a currency?
Posted on 12/28/22 at 12:25 pm to SlidellCajun
Me cherry pick? I picked the start.
What dates you want to use? Oh I see, your “cherry picked” range is ok though. Lol.
I’m sorry that it didn’t make your argument look good.
How many dollars have been printed since 2020 vs the decline from BTC price in December 2020 vs today?
Also, my grocery bill is over double from 2020 as are most things.
It’s comical. I tell you your view is to small and you only look at a 2 year window.
What dates you want to use? Oh I see, your “cherry picked” range is ok though. Lol.
I’m sorry that it didn’t make your argument look good.
How many dollars have been printed since 2020 vs the decline from BTC price in December 2020 vs today?
Also, my grocery bill is over double from 2020 as are most things.
It’s comical. I tell you your view is to small and you only look at a 2 year window.
This post was edited on 12/28/22 at 12:28 pm
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