re: Crypto baws: How confident are you in crypto moving forward?

Why are you avoiding and downplaying inflation now?

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What has bitcoin done to lessen the impact?

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What has our government done to help/hurt the dollar?

Is there a reason you ignored the start date of BTC as not an acceptable timeframe to evaluate inflation “hedge”?

But as I said before, BTC is multi layered. It operates in multiple spaces at once in which traditional fiat and assets cannot.

That, my friend, is why you have such a hard time with this. You only seek to narrowly view it through a single lenses.

It’s either in bad faith or ignorance.

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Do you think that when they were getting ready to set the Titanic to sail and someone mentioned having "enough" lifeboats for all the passengers the lead designers asked "are you one of those that want to see the ship sink?".

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I take that as a”no” which you could have easily posted.

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Crypto and bitcoin in particular was suppose to be the answer to inflation. I posted that inflation or at least the adverse impact of inflation became an issue @mid 2021.

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Inflation "hedge" was never mentioned in the paper. Its just a benefit over the long run. Its a short read. Please read it.

I think it comical you think inflation started in 2021, or rather, became an issue.

Ignoring decades of devaluation.

Is that why you ducked my question when I entertained your "inflation hedge"?

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None the less, bitcoin has failed miserably in the face of the inflationary period we’re seeing today.

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Says who? What metric?

As I said, things I buy with dollars cost 2-3X what they did a year ago / 2 years ago.

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Why is it failing at the exact point that it should be escalating in value.

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Says who? You? Who said BTC must rise during right this moment? However, adoption has increased year over year as well as hash power.

You are essentially asking, "why aren't more people buying". Go ask them, but like I said, adoption has increased yoy.

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Take off your crypto glasses and open your eyes.

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Open my eyes to what exactly? Your biases?

I havent advocated BTC one time to you. I have only challenged your assertions of what BTC is or isnt.

When challenged, you folded.

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My view is wide open. Some day there could be an advantage to using crypto currency. Today there isn’t.

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IF this is your view, you need to research more. As I have said in countless threads BTCs real value for "every day use" will not be found in Western modern societies. We have it so easy that the major issues BTC solves is not an "every" American issue.

However, the more the Fed fricks with our money, the more BTC will appeal to those the Fed fricks with.

Same for other "modern" economies.

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The technology behind crypto currency- blockchain- is another matter and as I’ve posted several times, I believe in it’s future.

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These are conflicting views then.

The entire point of POW is the trustless reward mechanism. That is why BTC works the way it does. That is why the network has real world value and is in fact a tangible asset.

Its comments like this that show how un-educated you are.

Pages ago you said you invest in the "blockchain". Someone asked you how you did that. You ignored them too.

Repeating patterns and such.

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I don’t have a hard time with this. I don’t need bitcoin or any crypto currency. You evidently do.

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Its not a good tactic to assume silly things like this.

If you want to be taken seriously, you know as you said you were trying to "help" people, you should be more professional.

Baws yall are wasting so much of your time going back and forth

I bought some CRO “lottery tickets” we’ll see if they hit.

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I own A few ARK funds and part of the reason is her view on blockchain.

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So I am clear. You poopoo people here for buying BTC but you buy "Ark funds" who then buys BTC shares... Not even full ownership. Just shares. You know, like second hand. Zero custody...

LINK




So you are doing exactly what so many others did that got "burned".

That is, if you actually bought ARK shares.

Here is Arks investment focus. Since you said you "own some", do you agree with their statement below?

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Description
Since the emergence of Bitcoin, we have witnessed the rise of a global battle among monetary systems, both sovereign and non-sovereign. ARK believes cryptocurrencies governed by neutral, open source networks have the potential to win this battle. By unlocking a new mechanism to store and transfer value, cryptocurrencies have the opportunity to create an open foundation of strong assurances in wealth and monetary integrity. ARK believes cryptocurrencies will contribute more dramatically and profoundly to the evolution of monetary systems than any other breakthrough in history. Instead of relying on centralized intermediaries to enforce its rules, cryptocurrencies rely on a distributed network of computers. This architecture enables it not only to function outside the purview of legacy systems, but also to challenge them. In the absence of central enforcement, its integrity is likely to be a function of its openness and transparency, a shift away from old world central banks and monetary institutions.

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If you do, then you have been lying to us all.

If you do not, then you purchased ARK "funds" for God only knows why.....

LINK