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Message
re: Bitcoin hits 100K
Posted on 12/5/24 at 11:10 pm to SlidellCajun
Posted on 12/5/24 at 11:10 pm to SlidellCajun
quote:
And as for PayPal accepting crypto as currency, it should be clarified that they accept it as currency being used between buyer and seller and not them as a company.
To further highlight your stupidity, earlier in this thread you were talking about using gold to buy something, but are now failing at trying to invalidate PayPal allowing bitcoin transactions on their platform because it’s only allowed as an exchange between platform users, not to PayPal directly.
So what company or platform did you buy something with using gold, exactly? Remember, you giving gold to another person in exchange for something doesn’t count.
2
Posted on 12/6/24 at 12:26 am to Open Your Eyes
quote:
So what company or platform did you buy something with using gold, exactly?
Crawfish farmers take gold.
Posted on 12/6/24 at 10:07 am to Open Your Eyes
quote:
So what company or platform did you buy something with using gold, exactly?
I used gold to pay for some work done on my house.
I haven’t used it on PayPal or eBay or other online platform. I use USD for thst which works quite well.
Posted on 12/6/24 at 10:16 am to monsterballads
quote:
broke, russian and darth look like major idiots in those bitcoin/wiki threads.
You should probably look through my post history and see the date that I stopped discussing bitcoin. Then think long and hard about why someone would do that. Maybe you'll find the answer. Maybe you won't. Maybe a young lady or guy that posts here could fill you in if they choose.
This post was edited on 12/6/24 at 10:20 am
Posted on 12/6/24 at 10:20 am to Broke
Slidell
You can spend crypto straight from the most popular crypto wallet on the planet - Metamask.
I have no idea why you are such a mouth breather regarding crypto.
Your view on crypto is like an old fart that just heard about crypto. You are using a 15 year old narrative to view crypto.
Not that it matters because it's a 15 year old outdated narrative, but for the tenth time over the past year, half the fortune 500 takes crypto as payments.
You can spend crypto straight from the most popular crypto wallet on the planet - Metamask.
I have no idea why you are such a mouth breather regarding crypto.
Your view on crypto is like an old fart that just heard about crypto. You are using a 15 year old narrative to view crypto.
Not that it matters because it's a 15 year old outdated narrative, but for the tenth time over the past year, half the fortune 500 takes crypto as payments.
This post was edited on 12/6/24 at 10:21 am
Posted on 12/6/24 at 11:06 am to SlidellCajun
quote:
I used gold to pay for some work done on my house. I haven’t used it on PayPal or eBay or other online platform. I use USD for thst which works quite well.
“Remember, you giving gold to another person in exchange for something doesn’t count.”
So, literally, you use gold the exact same way that people use bitcoin on PayPal. And you tried to invalidate that use of bitcoin in that previous post, while propping up gold in another previous post because ‘you used it to buy things in the past.’
Are you understanding yet why you aren’t intelligent enough to understand these things? I don’t know how much more clear it could be at this point.
Posted on 12/6/24 at 11:13 am to Mtwabp
quote:
So, literally, you use gold the exact same way that people use bitcoin on PayPal
Nah. PayPal is facilitating the use of bitcoin for those that want to use it. PayPal themselves isn’t necessarily agreeing to accept it for services in their own behalf.
Fwiw- I have no problem with anyone wanting to use bitcoin as payment for something.
I’d caution anyone wanting to accept it as payment but certainly encourage anyone wanting to pay someone with it.
Posted on 12/6/24 at 11:25 am to SlidellCajun
quote:
PayPal is facilitating the use of bitcoin for those that want to use it
So credit cards, debit cards, gift cards, and anything else that requires a processor to “facilitate the use of” are just gimmicks that have no intrinsic value and should be cautioned against, right?
Keep digging that hole, pure entertainment at this point.
quote:
PayPal themselves isn’t necessarily agreeing to accept it for services in their own behalf.
Does PayPal accept gold as payment for their services?
Posted on 12/6/24 at 12:00 pm to BottomlandBrew
quote:
Do not engage Slidell on this subject. You are wasting time. Some people get it. Some people don't. That's how it is.
This needs to be reiterated.
Slidell just likes to ask questions about Bitcoin and not listen to answers. His mind is made up, do not engage. He's started countless threads so that he could ramble on and on about Bitcoin while ignoring everyone else's comments.
Posted on 12/6/24 at 12:18 pm to Mtwabp
quote:
credit cards, debit cards, gift cards, and anything else that requires a processor to “facilitate the use of” are just gimmicks that have no intrinsic value and should be cautioned against, right? Keep digging that hole, pure entertainment at this point. Does PayPal accept gold as payment for their services?
They aren’t gimmicks. They’re facilitators. If they want to facilitate a purchase with bitcoin then they should have that right.
As for gold, don’t know and don’t really care.
Again, my caution would be for those that accept bitcoin as currency. Far too volatile. I still contend that a lot of the bitcoin market value associated is fomo.
Posted on 12/6/24 at 12:21 pm to tenderfoot tigah
quote:Well, he is an elderly man. Kind of makes sense
Your view on crypto is like an old fart that just heard about crypto. You are using a 15 year old narrative to view crypto.
Posted on 12/6/24 at 12:38 pm to SlidellCajun
quote:
They aren’t gimmicks. They’re facilitators. If they want to facilitate a purchase with bitcoin then they should have that right.
They already do have that right. That’s not what we’re talking about.
We’re talking about your continuous failed attempts to invalidate bitcoin. In this particular example, it’s invalidating bitcoin being used on PayPal because it requires a processor to facilitate its exchange between 2 parties that have agreed to exchange it. That makes it exactly the same as a debit card. You are not making any attempts to invalidate debit cards. Why is that?
quote:
As for gold, don’t know and don’t really care.
How it started:
“I’ve used gold to pay for things”
“Donald trump has a gold toilet”
How it’s going:
“As for gold, don’t know and don’t really care.”
Posted on 12/6/24 at 6:06 pm to Mtwabp
quote:
card. You are not making any attempts to invalidate debit cards. Why is that?
It seems like you might be young and maybe lacking some understanding of certain financial mechanisms.
I have no problem with a credit card company facilitating payments from one party to another with bitcoin. Neither do I with PayPal or eBay or other Payment facilitator. To put it simply, I have no problem with bitcoin being used as a currency for 2 consenting people. I would not personally accept it as a currency for any work or product in my business. Would you?
Again-
I don’t have a problem with PayPal or visa.
My concern is the valuation of bitcoin. As I’ve said, I have bought and sold it and made a profit. It was pure fomo trade.
I have no problem with anyone doing the same. I have problems with people on message boards and social media touting it without caveats. There are a lot of naive people looking for the next idea to get rich. I’m here to caution any way that I can.
Posted on 12/6/24 at 6:10 pm to Mingo Was His NameO
quote:
AT&T* will now accept online bill payments through BitPay, a respected cryptocurrency payment processor. AT&T becomes the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers.
Agin, that could add some intrinsic value and maybe even stabilization to bitcoin. I have not seen the payment option offered on my account.
Posted on 12/6/24 at 6:59 pm to SlidellCajun
quote:
It seems like you might be young and maybe lacking some understanding of certain financial mechanisms.
It’s obvious you are definitely old and definitely lacking some understanding of basic financial mechanisms, and economic concepts in general.
quote:
I have no problem with a credit card company facilitating payments from one party to another with bitcoin. Neither do I with PayPal or eBay or other Payment facilitator. To put it simply, I have no problem with bitcoin being used as a currency for 2 consenting people. I would not personally accept it as a currency for any work or product in my business. Would you? Again- I don’t have a problem with PayPal or visa.
Your post attempting to invalidate bitcoin because PayPal allows it to be exchanged between people in their platform but not accept it directly is in direct contradiction to everything you posted right here.
Only now that the stupidity of you ways is being highlighted so you not have any problems with visa or care about gold.
quote:
My concern is the valuation of bitcoin. As I’ve said, I have bought and sold it and made a profit. It was pure fomo trade. I have no problem with anyone doing the same. I have problems with people on message boards and social media touting it without caveats. There are a lot of naive people looking for the next idea to get rich. I’m here to caution any way that I can.
So now you’re giving up on the whole ‘I thought yall said bitcoin wasn’t a currency’ thing and trying to pivot back to valuation?
What justification is there for gold to be valued exponentially more than porcelain or pooka shells? What are the fundamentals that explain the current share price of TSLA?
This post was edited on 12/6/24 at 7:00 pm
Posted on 12/6/24 at 7:16 pm to Mtwabp
quote:
What justification is there for gold to be valued exponentially more than porcelain or pooka shells? What are the fundamentals that explain the current share price of TSLA?
No clue and have posted as much. I think told certainly deserves some value. Is it overvalued? There’s definitely some fluff in the valuation but I don’t know how much. Neither do you.
I question why gold isn’t valued as much as bitcoin.
Posted on 12/6/24 at 9:28 pm to SlidellCajun
quote:It is valued way more - currently 8.8x bitcoin
I question why gold isn’t valued as much as bitcoin.
Posted on 12/6/24 at 10:33 pm to GurleyGirl
quote:
The real question is: what is being done with all the processing power used to mine bitcoins?
There is one thing that the explanation you posted didn't mention. Every 4 years there is the bitcoin "halving" that reduces the reward of miners by 50%. This is meant to create scarcity and increase demand, but it also has an indirect effect on the power consumption. When the reduced rewards eventually become unprofitable for most miners, it either encourages them to become more efficient or stop all together.
One of the benefits of Ethereum was introducing proof of stake. The act of mining Bitcoin is considered proof of work and requires the computational power you referenced.
Proof of stake doesn't require anything more than a good PC and reliable internet. You deposit and lock a certain amount of coins in a smart contract that allows you to be a transaction validator. Validators are randomly selected for each transaction and the more you have staked, the higher your chance to be selected for that particular transaction.
There is better blockchain technology out there, but like everything else, Bitcoin has the advantage of being first and the best chance of mass adoption.
Posted on 12/6/24 at 10:36 pm to The Boat
Yikes…that gif isn’t THAT old.
BRB, gonna mortgage my kids future on $HAWK.
BRB, gonna mortgage my kids future on $HAWK.
Posted on 12/7/24 at 9:17 pm to Shamoan
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