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It's hilarious that NFTs failed, when a bitcoin is basically just an NFT that reached the point of "too big to fail"
It's hilarious that NFTs failed, when a bitcoin is basically just an NFT that reached the point of "too big to fail"
Bingo.Y'all kids' or grandkids' whole lives will be documented on some government chain, wallet addresses possibly replacing social security numbers...
And y'all still just talk about and hate on InTeRneT MoNeY.
Lol, smh.
It’s a shame so few people want to partake in the best performing asset of the last decade.Me too...bitcoin pumpers spamming the same crap year after year are annoying as hell
WorldCom and Enron had higher market caps than Berkshire Hathaway at one point too. "look how many people are putting money into it" is not a very good argument.My calculations are proprietary.
"Last time you went into Dunkin'..........."
You aren't wrong there but you do realize that Bitcoin's market cap is ~865 billion which makes it the 9th ranked asset in the world. It has a higher value than Berkshire Hathaway, Visa and Meta (Facebook). To act like this is some fringe thing going on when crytpo has a total market cap of ~1.5 trillion seems a little silly, no? Has anybody read the Bitcoin White Paper? Each cycle it's easy to scream bubble every time it corrects but El Salvador is using it as a currency. They were being mocked by the media (I think it was CNN or CNBC) when they were holding it at a loss but as of today they are up on their holdings. Is it possible most here have misunderstood what bitcoin is or what this is all about?
Assets ranked by Market Cap - CompaniesMarketCap.com
Ranking the world's top assets by market cap, including precious metals, public companies, cryptocurrencies, ETFscompaniesmarketcap.com
Are you comparing WorldCom and Enron to Bitcoin? Bitcoin is transparent, especially when it comes to supply/inflation. I would say the dollar and other paper currencies are closer to WorldCom and Enron than Bitcoin.WorldCom and Enron had higher market caps than Berkshire Hathaway at one point too. "look how many people are putting money into it" is not a very good argument.
Vibranium?I'm pretty sure it's that stuff in Wakanda
It's also very interesting to see the responses.It’s a shame so few people want to partake in the best performing asset of the last decade.
People hate money.It's also very interesting to see the responses.
Nobody is putting money into Bitcoin because of any problems it is solving lmao. They're putting money into it because of FOMO and wanting to be rich. It's OK to admit. I'm making investments. I even gamble. I want to be rich. Just come out and say it. No need to grandstand.Are you comparing WorldCom and Enron to Bitcoin? Bitcoin is transparent, especially when it comes to supply/inflation. I would say the dollar and other paper currencies are closer to WorldCom and Enron than Bitcoin.
"look how many people are putting money into it"
That's not my argument. I'm saying that bitcoin is solving a problem in the world right now and that's why people are putting money into it.
Not everyone who is involved in Bitcoin is being duped. Some of them, particularly the ultra-wealthy, are in it to dupe other people.I think people on here are making the argument that me, Michael Saylor (billionaire), El Salvador and many others are being duped? I'm not sure what the naysayers argument is since it mostly is name-calling, sarcastic comments or even vulgar comments as well.
Bitcoin was $64,000 in November of 2021. By November of 2022 it lost $75% of its value and was $16,000. 75%!!!! What if you had an emergency and needed the money then? You'd be screwed.Inflation is a bigger problem than the media or government officials are willing to admit. Bitcoin is at least part of the solution to that problem (predictable low inflation rate that will be under 1.0% in April and below 0.5% in 2028. The Inflation Reduction Act is another attempt at trying to control prices which history shows doesn't work. This stuff is very predictable.
should stick to good ol unobtanium..Nobody is putting money into Bitcoin because of any problems it is solving lmao. They're putting money into it because of FOMO and wanting to be rich. It's OK to admit. I'm making investments. I even gamble. I want to be rich. Just come out and say it. No need to grandstand.
Not everyone who is involved in Bitcoin is being duped. Some of them, particularly the ultra-wealthy, are in it to dupe other people.
Bitcoin was $64,000 in November of 2021. By November of 2022 it lost $75% of its value and was $16,000. 75%!!!! What if you had an emergency and needed the money then? You'd be screwed.
Clearly this is the future! Why can't everyone see the stability this offers?!
Claiming to be worried about inflation eating away at the purchasing power of your money while and offering Buttcoin as a solution is nuts. It's like telling people scared of catching a cold that they should make out with someone who has tuberculosis.
"Nobody is putting money into Bitcoin because of any problems it is solving."Nobody is putting money into Bitcoin because of any problems it is solving lmao. They're putting money into it because of FOMO and wanting to be rich. It's OK to admit. I'm making investments. I even gamble. I want to be rich. Just come out and say it. No need to grandstand.
Not everyone who is involved in Bitcoin is being duped. Some of them, particularly the ultra-wealthy, are in it to dupe other people.
Bitcoin was $64,000 in November of 2021. By November of 2022 it lost $75% of its value and was $16,000. 75%!!!! What if you had an emergency and needed the money then? You'd be screwed.
Clearly this is the future! Why can't everyone see the stability this offers?!
Claiming to be worried about inflation eating away at the purchasing power of your money while and offering Buttcoin as a solution is nuts. It's like telling people scared of catching a cold that they should make out with someone who has tuberculosis.
Here we go with the 'Climate Agenda' guys.........I bought some Bitcoin back in the early days when it was sub $1,000. I played a lot of online poker and then poker in brick and mortars and it was popular and normal to do. So full disclosure, I do own Bitcoin that I am just sitting on.
With that said, I find block chain and the current crypto currency based on it to be a horrible idea. Why? The energy, pure electricity required for Bitcoin is an abomination. They are literally locating blockchain / mining and verification servers near nuclear power plants. It's that nuts. Think of it this way. The state of California uses 160 TWh of electricity a year. Bitcoin uses 125 TWh of electricity a year. That's insane. It's more than many countries and most U.S. states. We need to find another solution that is not a crazy waste of resources. Block Chain will literally make everything more expensive as it drives up the cost of energy.
Here we go with the 'Climate Agenda' guys.........
Do you want to ban meat as well since the cows are farting too much, lol?
I'm not a climate guy. I think all of that is way overblown. I am an Energy and Economics guy. I work with most of the U.S. Nuclear Plants and at very high levels of the U.S. DOE and have for close to two decades. Do you seriously want to argue that 127 TWh of energy a year isn't absolutely insane and doesn't drive up inflation for everyone? I hate just being a rock thrower. I almost always come with a solution if I am critical of something, but I don't have one yet. I am going to have to work with my staff, who are solving another amazing problem and nearly completed it, before I lobby for us to consider a replacement for Block Chain which is pure energy insanity. I think Block Chain is clever, but highly impractical in an energy challenged world. Al Gore, Jr. can eat a dick... well that goof would probably like it, but that's not my business.
Either share an argument of why that energy demand is worth it, or you're the one without an argument.
You are correct, the consensus mechanism that Bitcoin uses -- proof of work -- is energy intensive. That alone is why I think Bitcoin will be utilized more so as an asset and store of value than anything else in the future.
The energy issue has been solved with newer consensus mechanisms; namely, proof of stake and proof of reserves.
Regardless, we are and have been living through the proof of concept for what is going to be the backbone of very many industries if not society as a whole. That is the importance of Bitcoin, and the technology it helped usher in.
People can squabble about cryptocurrency and InTeRnEt MoNeY all they want, but at the most basic level they really only represent a way to generate revenue to fund R&D, and provide liquidity inside of the various ecosystems so that the consensus mechanisms can work.
They are literally building Bitcoin Server Farms right next to Nuclear Plants and have many future builds planned. I was on Capitol Hill few months back with the DOE and members of Congress and we discussed exactly this topic. I have a feeling Bitcoin / Block Chain is going to feel the wrath of the common man when they realize their energy rates are way up due to the technology. There must be a better way.
I don't doubt it.
There is a better way, I've already mentioned two better consensus mechanisms that consume way less energy.
Many, many projects are already using them. Some that used to use proof of work have already upgraded to the newer consensus mechanisms.
Like I said, we are living through the proof of concept. There are going to be bumps in the road, hits and misses, etc.