Alex Jones takes two shits in the pool of Truth before you or I, eat breakfast. Want to know what has more tangible value then a crypto hash? A bottle of farts for example has more substance although the exact nature of its intangible qualities are destroyed upon its consumption, it is a very real thing unlike a cryto coin.
Doesn't the same argument apply to paper money as well? Paper money has no inherent value (aside from kindling), and yet most people spend the great majority of their energy trying to acquire it. Bitcoin represents a massive improvement over paper money though since there's no centralized authority that can devalue it or confiscate it at will.
"no centralized authority" -- but there are authorities who could control the network, or the power that runs it, or the technology that empowers it, or the cables that connect it, or all of them... and yes its just Fiat with a fancy name and a bunch of claimed benefits that aren't actually true at all, just look at home prices to see the ponzi scheme plain as day.
I'm not really sure what you mean by that. Are you saying that it's possible for the government to stop crypto currencies by physically depriving miners of electricity, internet, etc?
As for the "claimed benefits"-- they're obvious and simple to understand. Could there be a problem with Bitcoin that eventually causes the value to plummet? Absolutely. However, we already know with certainty that there's a problem with the US dollar, and I'm willing to bet a fair amount that it's going to zero before Bitcoin.
"the US dollar" - expand your thinking, all dollars are fiat, and fiat always goes to zero, all dollars are connected ... bitcoin is just a paperless fiat and all of the so called rules and so called security is an illusion. Imma start calling it buttcoin.
Alex Jones takes two shits in the pool of Truth before you or I, eat breakfast. Want to know what has more tangible value then a crypto hash? A bottle of farts for example has more substance although the exact nature of its intangible qualities are destroyed upon its consumption, it is a very real thing unlike a cryto coin.
Doesn't the same argument apply to paper money as well? Paper money has no inherent value (aside from kindling), and yet most people spend the great majority of their energy trying to acquire it. Bitcoin represents a massive improvement over paper money though since there's no centralized authority that can devalue it or confiscate it at will.
"no centralized authority" -- but there are authorities who could control the network, or the power that runs it, or the technology that empowers it, or the cables that connect it, or all of them... and yes its just Fiat with a fancy name and a bunch of claimed benefits that aren't actually true at all, just look at home prices to see the ponzi scheme plain as day.
I'm not really sure what you mean by that. Are you saying that it's possible for the government to stop crypto currencies by physically depriving miners of electricity, internet, etc?
As for the "claimed benefits"-- they're obvious and simple to understand. Could there be a problem with Bitcoin that eventually causes the value to plummet? Absolutely. However, we already know with certainty that there's a problem with the US dollar, and I'm willing to bet a fair amount that it's going to zero before Bitcoin.
"the US dollar" - expand your thinking, all dollars are fiat, and fiat always goes to zero, all dollars are connected ... bitcoin is just a paperless fiat and all of the so called rules and so called security is an illusion. Imma start calling it buttcoin.