I feel like your knowledge of the names you invest in makes you feel smarter than the reality.
Ę̵̚x̸͎̾i̴͚̽s̵̻͐t̷͐ͅe̷̯͠n̴̤̚t̵̻̅i̵͉̿a̴̮͊l̵͍̂ ̴̹̕D̵̤̀e̸͓͂t̵̢͂e̴͕̓c̸̗̄t̴̗̿ï̶̪v̷̲̍é̵͔
Thanks.
- Bitcoin has no intrinsic value.
I agree. What it does have is intrinsic function, though.
Yes. But I dont disagree that bitcoin has some intrinsic function.
- Bitcoin is not an investment, it's speculation. In agreeance with fake Warren.
It is a speculative investment. There's no real separating the speculation and investing when people invest in speculative things. Some stocks are also speculative along with some commodities like precious metals, oil and a list of other things.
My point is not that it's a speculative investment. There are speculative "stock" investments where people speculate that the future real value of the company goes up. I argue that this is fundamentally different from speculating, with no evidence except historical precedent on price, that the value of the stock goes up. This would be like tying billions on a firm consisting of a toilet in a family apartment in manhattan, hoping that someone else will buy it for higher value in the future. So my argument ties to the intrinsic value. BTW, this example is from another bubble, where intrinsic value was neglected and people forgot to tie the value of the stock with their real value.
Some of the price may be justified by the intrinsic function. But 100k per coin? It is so much easier for one to create a decentralized new coin to replace that function, with fraction of the cost, that the 100k price tag for that intrinsic function is laughable. It would be like arguing that the company consisting of a toilet justifies 2 trillion market cap because you can flush the toilet and therefore it has intrinsic function even though it generates no goods or services.
- Bitcoin sits around and does nothing.
115 billion on the 24 hour volume as I'm writing this. If say, a cousin in Trinidad asked me for help, I can send them crypto, which is better than wiring money to another country. It's also good when moving to another country, as crypto keeps money in any country it's purchased respectively. That's very useful.
Partially yes. I admit that it has intrinsic function. Its very useful, and very replaceable for a fraction of the cost.
- It's even worse, Bitcoin has negative intrinsic value. ( A bit off, but your response to the operating cost.)
I don't think that's really a thing cause despite the operating cost in some areas, Bitcoin is profitable for the miner. An ASIC miner in itself has intrinsic value as it generates income for it's owner.
Yes Id argue that it has negative intrinsic value. However, in your response you define intrinsic value differently than I do. The way Im defining intrinsic value is whether or not it increases the wealth of the society. Money does not increase the wealth of the society. Technology does, goods and services do, and food does. If I double the technological capabilities of the world, I will have increased the wealth in this world. If I double the number of bitcoin, I will have done nothing, except perhaps increase waste in electricity and pollution.
Some would argue my GPU farm has no intrinsic value, but I can use it to make passive income, use it as a render farm, or train Directlm Ai.
It definitionally does not have intrinsic value.
But what happens if BTC dropped below 81k ?
Some miners will come off the network, and the ones who stay on get more BTC than they would have. The difficulty has a base, and the rest is the amount of miners on the network.
Sure. So you exchange cash and redistribute wealth. This does nothing except at worst reward laziness by taking away wealth from those who actually improve our living. That was the point of the island example.
- The price of Bitcoin isn't justified
But it is, and I stated why and how it works.
No and yes. Yes, I think bitcoin price is not justified, but no, I dont disagree with your assessment of "how" bitcoin price is determined. What I think youre not understanding is the island analogy. My argument is that the bitcoin craze is bound to crash because it does not reflect the actual real value of the coin, like a stock consisting of a toilet that can be flushed wouldn't reflect its actual intrinsic value despite toilet craze. My argument is furthermore that every bubble in the history of humanity has functioned the same way as bitcoin is. Eventually, the bubble pops, like every bubble has, and the market will eventually converge towards the real value, with some disagreement on what that is as reflect by volatility.
- It isn't fair. People should have their Bitcoin confiscated and handed out.
Nah, it's fair and it isn't about fair or deserving. Sometimes people you don't like acquire wealth.
No. My argument was that this was bound to happen if we got to a point where we elected for decentralized currency, because we'd truly be talking about a collective decision of humanity. And in this case, it'd be fair to redistribute. My argument is furthermore that your argument and logic agrees with my argument and logic. There is nothing illegal about it, and sometimes people who you dont like acquire wealth.
You might say "I have bitcoin, please listen to me, give me your hard work while I do nothing" but if the response is "No. Just like everyone else, you need to roll up your sleeves and contribute to society" then there really isn't anything you can do about it, because the real wealth of society is the human capital, technology, innovation, food, and so on. Ultimately humanity will decide what they want to do.
In a nutshell your argument is that you agree with that fake Warren, that if something has no intrinsic value, it's no good to invest in. Meanwhile this world is filled with things with no intrinsic value that will blow up in value.
Yes, every bubble.
You also argue the fairness of wealth, based on who you think deserves it, and how people's wealth should be seized and redistributed. Bad idea if you ask me.
No. I argue that the way the society was built was to reward hard work, and that it's inevitable, not a matter of opinion. It's how our economy's foundation was built. If you dont reward hard work, you will have a bunch of slackers slingshotted to the upper echelons of society, and those who work hard will be pressed to the bottom. It may take a year, or 10 years, or even 50, but eventually a system like that will collapse and the systems that do reward hard work will overtake them.
The rest I dont find controversial.
last edit on
11/16/2025 3:06:02 AM
Thanks.
- Bitcoin has no intrinsic value.
I agree. What it does have is intrinsic function, though.Yes. But I dont disagree that bitcoin has some intrinsic function.
That's settled.
- Bitcoin is not an investment, it's speculation. In agreeance with fake Warren.
It is a speculative investment. There's no real separating the speculation and investing when people invest in speculative things. Some stocks are also speculative along with some commodities like precious metals, oil and a list of other things.My point is not that it's a speculative investment. There are speculative "stock" investments where people speculate that the future real value of the company goes up. I argue that this is fundamentally different from speculating, with no evidence except historical precedent on price, that the value of the stock goes up. This would be like tying billions on a firm consisting of a toilet in a family apartment in manhattan, hoping that someone else will buy it for higher value in the future. So my argument ties to the intrinsic value. BTW, this example is from another bubble, where intrinsic value was neglected and people forgot to tie the value of the stock with their real value.Some of the price may be justified by the intrinsic function. But 100k per coin? It is so much easier for one to create a decentralized new coin to replace that function, with fraction of the cost, that the 100k price tag for that intrinsic function is laughable. It would be like arguing that the company consisting of a toilet justifies 2 trillion market cap because you can flush the toilet and therefore it has intrinsic function even though it generates no goods or services.
Anyone can afford Bitcoin. 1 BTC is simply a count. Like Gold, 1 ounce has the same value as a separate ounce of gold. It can be broken down and weighed to various dollar amounts. Like gold cryptocurrencies are fungible.
As I'm writing this ( cause the value is always changing 96k BTC. ) $10 will get you....
0.00010452959122971642 BTC
In this case, by the time BTC hits Around 1 million per coin, that will be a little over 100 bucks.
You can put as much as you want into a cryptocurrency. How many of them you have matters not, what matters is the value put into it. If you put $1000 into BTC, it too will 10x if BTC goes up ten times.
The thought of not having a full Bitcoin, that's some other psychology. Simply put, investors can put as much as they want into cryptocurrencies.
- Bitcoin sits around and does nothing.
115 billion on the 24 hour volume as I'm writing this. If say, a cousin in Trinidad asked me for help, I can send them crypto, which is better than wiring money to another country. It's also good when moving to another country, as crypto keeps money in any country it's purchased respectively. That's very useful.Partially yes. I admit that it has intrinsic function. Its very useful, and very replaceable for a fraction of the cost.
Beats using fiat.
When the market crashes I'm holding stable coins. If someone I know needs help, I'll send them what they need in USDT with maybe $2 worth or SOL to cover transaction fees probably for life ( Solana has dirt cheap gas fees, so better to use than Ethereum ). Then on their end they can cash out.
- It's even worse, Bitcoin has negative intrinsic value. ( A bit off, but your response to the operating cost.)
I don't think that's really a thing cause despite the operating cost in some areas, Bitcoin is profitable for the miner. An ASIC miner in itself has intrinsic value as it generates income for it's owner.Yes Id argue that it has negative intrinsic value. However, in your response you define intrinsic value differently than I do. The way Im defining intrinsic value is whether or not it increases the wealth of the society. Money does not increase the wealth of the society. Technology does, goods and services do, and food does. If I double the technological capabilities of the world, I will have increased the wealth in this world. If I double the number of bitcoin, I will have done nothing, except perhaps increase waste in electricity and pollution.
I don't know about your neck of the woods, but those guys driving Lamborghinis are getting younger and younger.
Inflation is a nightmare, everything is more expensive. People do spend their crypto and that means more business for businesses in the grand scheme of things where nothing is free.
The truth in the matter, crypto spent is wealth shared into society. It's not some magic brick that doesn't go away after buying into goods and services. While some places accept crypto payments, selling it and wiring what we need to the bank is paramount. From there it's fiat's turn.
When asked my opinion, I'd say Bitcoin is technology, it's a good, and it's at it's owners service. It tracks value for crying out loud. We buy food, and with this tech it can be paid for.
Cryptocurrencies are the people's currency.
Some would argue my GPU farm has no intrinsic value, but I can use it to make passive income, use it as a render farm, or train Directlm Ai.It definitionally does not have intrinsic value.
Never said it did, but According to Gemini, what has intrinsic value is subjective. Since I'm not on an Island, computers bring me greater value than a flock of chickens. I also don't want any livestock. Computers are as they are, and it is good.
But what happens if BTC dropped below 81k ?
Some miners will come off the network, and the ones who stay on get more BTC than they would have. The difficulty has a base, and the rest is the amount of miners on the network.Sure. So you exchange cash and redistribute wealth. This does nothing except at worst reward laziness by taking away wealth from those who actually improve our living. That was the point of the island example.
Absolutely not. Bitcoin's price action only impacts participants. Of course most people by a landslide work anyway. I assume it's the same for Bitcoin holders.
Sure some guy out there won the lottery or inherited a whack of money and is lazy. But I can promise you, nothing about acquiring enough crypto to retire young is lazy. The psychology is pretty insane. Mining is even worse. It's boring as hell after awhile while getting cooked alive. Endless monitoring and overclock and power consumption calibrating. 16 grand, plus a monthly operating cost of $400 and change.
As mentioned earlier, the crypto market doesn't sleep. So trading crypto means multiple windows on a 4k screen with live charts, while doing technical analysis AND staying on top of global economics. While waiting for a target price can take 14 hours. Poor sleep patterns. All those times I vanish from here, it's cause I have no time for foolery. With that it amazes me how the word lazy just rolls off your tongue, while you do absolute zilch sitting on your stocks.
I enjoyed taking part in building the Ethereum blockchain this financial revolution, but I sure as hell won't do it again. It was I who too, who defied the federal reserve, and brought ETH into the world. The people's money. I'm glad about it.
If someone has a fuck ton of wealth, in any form. BTC, Gold, Fiat what have you. They can sleep all day if they wish. I think it's a good thing that more people invest in all honesty. You have stocks do you not ? The only real difference is opinion. You do nothing and your stock prices fluctuate. Crypto does the same, except it's sweeter with more bells and whistles. You can let the bank handle it too and buy Blackrocks Bitcoin ETFs, whatever comes with the bundle.
- The price of Bitcoin isn't justified
But it is, and I stated why and how it works.No and yes. Yes, I think bitcoin price is not justified, but no, I dont disagree with your assessment of "how" bitcoin price is determined. What I think youre not understanding is the island analogy. My argument is that the bitcoin craze is bound to crash because it does not reflect the actual real value of the coin, like a stock consisting of a toilet that can be flushed wouldn't reflect its actual intrinsic value despite toilet craze. My argument is furthermore that every bubble in the history of humanity has functioned the same way as bitcoin is. Eventually, the bubble pops, like every bubble has, and the market will eventually converge towards the real value, with some disagreement on what that is as reflect by volatility.
Of course I understand. It was I who said Bitcoin already has broken bubbles.
2011....2013..... 2014......2015.....2017.....2018.......2020......2021......2022
Now Bitcoin is breaking it's TENTH BUBBLE. 2025......2026 incoming. And yes, it has more crashes than popped bubbles.
Those are all bubbles and each time it recovers and keeps on trucking. This has a lot to do with adoption and market trend, but most of all, the halvening. Because of it's dominance, what happens to Bitcoin impacts the entire crypto space.
The price is falling right now. What will happen in December will be a shakeout, where the price will bump upwards, then do a fast crash. I for one won't be playing in the December market. I know this from TA patterns.
- It isn't fair. People should have their Bitcoin confiscated and handed out.
Nah, it's fair and it isn't about fair or deserving. Sometimes people you don't like acquire wealth.No. My argument was that this was bound to happen if we got to a point where we elected for decentralized currency, because we'd truly be talking about a collective decision of humanity. And in this case, it'd be fair to redistribute. My argument is furthermore that your argument and logic agrees with my argument and logic. There is nothing illegal about it, and sometimes people who you dont like acquire wealth.
LOL. Everyone, including the government, cannot simply take as much crypto from holders as they like. This is the west. That will happen with fiat before it happens to crypto cause the banks will comply with such an order. The world will never vouch for that.
See you think it's fair to seize wealth and give it to the masses, but on the same paper suggest how crypto = lazy and bad for society. Do this, and watch how much work won't get done.
Equality of Outcome, is a woke ideology, and these days woke is uncool. Theft of people's property remains illegal in both man's law around the world and God's law. Trust me people hate that shit.
You might say "I have bitcoin, please listen to me, give me your hard work while I do nothing" but if the response is "No. Just like everyone else, you need to roll up your sleeves and contribute to society" then there really isn't anything you can do about it, because the real wealth of society is the human capital, technology, innovation, food, and so on. Ultimately humanity will decide what they want to do.
lol. "Okay everyone listen up, I have Bitcoin, please don't rob me, but listen ! Give me your hard work while I do nothing"
- Legga ( But not me )
In reality I pay like everyone else man. I don't have the nerve to say something so stupid. I'd get jacked. People don't give a fuck what you do, while the petty scoff if you drive something nice. They want money for whatever it is they do for a living.
In a nutshell your argument is that you agree with that fake Warren, that if something has no intrinsic value, it's no good to invest in. Meanwhile this world is filled with things with no intrinsic value that will blow up in value.Yes, every bubble.
2 more bubbles on the way. One already started. Ahead of the 5th halvening you'll most likely do nothing, and for the 11th-12th time cryptocurrency will take off without you. Again, while you cry speculation and no true value. With each cycle the number of participants in the crypto communities grow, and there is a fuck ton of room for growth, and it'll happen while the fiat is failing. It's what Bitcoin was created in the first place.
last edit on
11/16/2025 6:58:44 AM
You also argue the fairness of wealth, based on who you think deserves it, and how people's wealth should be seized and redistributed. Bad idea if you ask me.No. I argue that the way the society was built was to reward hard work, and that it's inevitable, not a matter of opinion. It's how our economy's foundation was built. If you dont reward hard work, you will have a bunch of slackers slingshotted to the upper echelons of society, and those who work hard will be pressed to the bottom. It may take a year, or 10 years, or even 50, but eventually a system like that will collapse and the systems that do reward hard work will overtake them.The rest I dont find controversial.
One can work smart, or one can work hard. The CEO doesn't work as hard as a member in the production line in most cases.
The truth is. People's hard work is in the money. It's theri merit. And money goes into crypto. Yet at the same time, cryptocurrencies are decoupled from money.
School teaches people to be enslaved to a job. It doesn't teach people wealth management, unless of course someone pays for a business course. Degrees are inflationary as there are more students coming into a field every single year, than there are available jobs.
.
.
.
Bitcoin doesn't just go up and down in value. It's people buying and selling that does it. The masses did this.
Back in 2013....
People work, people buy, people mine, mining isn't free. Rinse repeat, higher high, higher low, more adoption. Even Governments have their own stash.
If someone wants it, they can have as much as they can afford. Not a good time to get in now though.
Don't have to watch this, but basically on May 9, 2013. This guy (Davinci who is a Bitcoin Billionaire) Was begging people to put $1 into Bitcoin.
Begged... Okay....
So I rolled back the BTC chart and found on that day, BTC had a price of $113.
If sold last month at the all time high of $126,080, then people would have turned 1 dollar into $1116.63
If 1,000 was invested it would become $1,116,630.
EDIT: The post date doesn't match. He reposed it on his newer channel/ That video was made when Bitcoin was $1
So if 1000 dollars were invested, the all time high sale price is
$126,080,000.
I can only think of a few reasons to complain about this, and I don't think highly of those reasons.
last edit on
11/16/2025 6:48:42 AM
Youre annoyed that I keep repeating myself, that you perfectly understand my position, but then demonstrate that you do not understand my position and actively ignore most of what I say.
Equality of Outcome
Is quite literally the opposite of what I'm advocating for, I never supported anything even remotely like equality of outcome. I'm advocating for the current economical system, which rewards hard work.
Anyone can afford Bitcoin. 1 BTC is simply a count. Like Gold, 1 ounce has the same value as a separate ounce of gold. It can be broken down and weighed to various dollar amounts. Like gold cryptocurrencies are fungible.
Anyone can afford the Manhattan Toilet so long as there are enough shares too. The Manhattan toilet example already addressed this. Imagine a Manhattan toilet worth the same as the United Kingdom. Imagine someone took a shit in that toilet and flushed away the equivalent of half of the economy of the UK.
Do you understand why it's a problem to have a Manhattan toilet be worth the entire economy of UK?
But I can promise you, nothing about acquiring enough crypto to retire young is lazy. The psychology is pretty insane. Mining is even worse. It's boring as hell after awhile while getting cooked alive. Endless monitoring and overclock and power consumption calibrating. 16 grand, plus a monthly operating cost of $400 and change.
Fair, by lazy I meant engaging in activities that contribute nothing to the society. Compare this with Apple, which makes phones for people, or a chicken, which lays eggs. Why should I not buy a chicken instead of a crypto miner? What is the crypto miner doing to benefit the society more than the chicken's eggs?
You have stocks do you not ? The only real difference is opinion.
......If you still hold that I'm advocating that the only difference is opinion, then you haven't really listened. I dont know how else to formulate what I'm saying. I thought that the island example was simple enough to illustrate what I think the difference is.
Of course I understand. It was I who said Bitcoin already has broken bubbles.
2011....2013..... 2014......2015.....2017.....2018.......2020......2021......2022
Now Bitcoin is breaking it's TENTH BUBBLE. 2025......2026 incoming. And yes, it has more crashes than popped bubbles.
It hasn't popped.
lol. "Okay everyone listen up, I have Bitcoin, please don't rob me, but listen ! Give me your hard work while I do nothing"
- Legga ( But not me )
In reality I pay like everyone else man. I don't have the nerve to say something so stupid. I'd get jacked. People don't give a fuck what you do, while the petty scoff if you drive something nice. They want money for whatever it is they do for a living.
If you get enormous wealth with no work, then essentially when youre paying people, you ARE saying, "Okay everyone listen up, I have bitcoin, please dont rob me, but listen! Give me your hard work while I do nothing for the society."
The CEO doesn't work as hard as a member in the production line in most cases.
LOL. Yeah, sure. That's cause we elect the slackers and those who do fuck all to be CEOs, right?
LOL. Everyone, including the government, cannot simply take as much crypto from holders as they like. This is the west. That will happen with fiat before it happens to crypto cause the banks will comply with such an order. The world will never vouch for that.
See you think it's fair to seize wealth and give it to the masses, but on the same paper suggest how crypto = lazy and bad for society. Do this, and watch how much work won't get done.
If we achieved the crypto wet dream and crypto became a legit currency to be replacing fiat, and the world went that route, then there'd be a question on how such a system should be run, and everyone, I mean everyone, will be involved, not a few nerds who turned on their computers in the early IT boom. My mom, the people who go shop for groceries every day, are not going to choose bitcoin. What do you think is going to happen to bitcoin holders when that happens? The entire world will not choose bitcoin as the currency. The best one can hope for is some sort of compensation for their lost money. Why? Because with bitcoin, you have no real wealth. No military power, no economic leverage, no bargaining power in terms of goods and services. What makes you think you have any leverage when your wealth is not tied to anything intrinsic?
last edit on
11/16/2025 10:19:18 AM
Youre annoyed that I keep repeating myself, that you perfectly understand my position, but then demonstrate that you neither understand my position and actively ignore most of what I say.
That's a poor take.
Equality of OutcomeIs quite literally the opposite of what I'm advocating for, I never supported anything even remotely like equality of outcome. I'm advocating for the current economical system, which rewards hard work.
Your words: "Your point is that people shouldn't call it unfair when people who dont deserve it get a bunch of money for no work and no contribution to society, and you think it's fair and they shouldn't rob those people of their bitcoin upon enacting a worldwide bitcoin system.. OK."
In that case, the world population demanding and robbing the bitcoin of the world is also fair game. Since they're enacting laws, what they're doing is not illegal. Either way, the outcome is the same, and you should have nothing against it."
That part that isn't underlined, is your twisted perspective. Again.... Cryptocurrency isn't free. People work hard for their money, silver, gold and crypto assets...... Growing a shash large enough to retire young, IS A LOT OF WORK.
Even in the early days of Bitcoin mining, a solo miner will make basically nothing as 50 BTC was released every 10 minutes. Then came mining pools where everyone in the pool would get a cut of the rewards.
Also just because something is made into a law, doesn't mean I shouldn't be against it. In the Philippines they'll execute people for possession of cannabis. If that magically happened in the west, I wouldn't have to bend the knee like a little bitch like you would Legga.
See you're talking about the invention of law, aka lawfare to make it legal to confiscate and redistribute people's hard earned assets. In the name of fairness. To you people having cryptocurrency is unfair and at some point the world is going to magically have a grand consensus to invent a law to steal from the rich and give to themselves. Not in this lifetime buddy.
Anyone can afford Bitcoin. 1 BTC is simply a count. Like Gold, 1 ounce has the same value as a separate ounce of gold. It can be broken down and weighed to various dollar amounts. Like gold cryptocurrencies are fungible.Anyone can afford the Manhattan Toilet so long as there are enough shares too. The Manhattan toilet example already addressed this. Imagine a Manhattan toilet worth the same as the United Kingdom. Imagine someone took a shit in that toilet and washed away the equivalent of half of the economy of the UK.
That's a trash spin while you're hard of learning. BTC's price is justified. You argue it isn't but it is, and it's available to everyone at every available value. It's fungible like gold. 1 Bitcoin has 100,000,000 parts. From the top, to fractions of a penny. Like microns of gold. You want to talk about toilets which isn't fungible like gold and Bitcoin. That sir is a display of your ignorance.
But I can promise you, nothing about acquiring enough crypto to retire young is lazy. The psychology is pretty insane. Mining is even worse. It's boring as hell after awhile while getting cooked alive. Endless monitoring and overclock and power consumption calibrating. 16 grand, plus a monthly operating cost of $400 and change.Fair, by lazy I meant engaging in activities that contribute nothing to the society. Compare this with Apple, which makes phones for people, or a chicken, which lays eggs. Why should I not buy a chicken instead of you?
Instead of me ? What is that ? I'm not for sale. I already told you if you want 100k worth of chicks or as many as you like, all the power to you. It's not my concern. Just because someone owns assets doesn't mean their time isn't divided. Rich people still work when they don't have to.
See you're bringing up lazy people which has nothing to do with this subject, and how wealth should be earned. Is crypto not earned and worked for ? The answer is yes Legga. It certainly wasn't cheap for me when I got into it nor was growing it a walk in the park. The research alone was maddening having to see what China was doing while the west slept at 4AM and every hour.
If the US succeeds with their crypto reserve strategy, you can thank the crypto communities for that. Price action doesn't happen from just sitting around. I personally wouldn't complain if Bitcoin got flipped by Ethereum, but that doesn't really matter much. Next cycle let's bring the market to 6 trillion.
You have stocks do you not ? The only real difference is opinion.......If you still hold that I'm advocating that the only difference is opinion, then you haven't really listened. I dont know how else to formulate what I'm saying. I thought that the island example was simple enough to illustrate what I think the difference is.
You clipped out a sentence and reverted to a different point. If what ? No legga I said you do nothing with your stocks. You don't trade, you let your bank handle it. In turn you do nothing while gathering wealth. That's much different than what I did and you want to talk to me about lazy as though idle hands get rich and it's crypto's fault, because somehow those who have it must've manifested it from thin air with no effort.
As for your reversion.....
Yes Legga, I know the Island model for the millionth time. I cannot eat Bitcoin, nor will it lay eggs and sustain my life while isolated from society. It has no intrinsic value. I cannot wipe my ass with it or use it to blow my nose. I cannot plant a tree, though that would be fucking cool and make it intrinsic. But It cannot. Eggs are better... If it were Mad Max, but it's not, civilization carries on with our cities and currencies, technologies and a who bunch of non intrinsic shit like computers, and we're smack in the middle of it all. I still eat chicken and eggs btw.
Of course I understand. It was I who said Bitcoin already has broken bubbles.
2011....2013..... 2014......2015.....2017.....2018.......2020......2021......2022
Now Bitcoin is breaking it's TENTH BUBBLE. 2025......2026 incoming. And yes, it has more crashes than popped bubbles.It hasn't popped.
You just can't take it from me.
Get your head out of the clouds. You're welcome.
lol. "Okay everyone listen up, I have Bitcoin, please don't rob me, but listen ! Give me your hard work while I do nothing"
- Legga ( But not me )
In reality I pay like everyone else man. I don't have the nerve to say something so stupid. I'd get jacked. People don't give a fuck what you do, while the petty scoff if you drive something nice. They want money for whatever it is they do for a living.If you get enormous wealth with no work, then essentially when youre paying people, you ARE saying, "Okay everyone listen up, I have bitcoin, please dont rob me, but listen! Give me your hard work while I do nothing for the society."
I pay in fiat. What if I give my Nephew Nieces and Goddaughter 20 bucks each and sent him to Ronald's ?
Oh wait I got one "Okay listen up. My Uncle Tony gifted us 20 bucks we never worked for, now work your asses off"
Dude when people sell goods and services, they don't give a flying fuck how you got the money they're taking from you. If you're in debt, again, they don't give a shit how you manage to pay it off.
"How will you pay sir, Cash or credit ? Oh wait, are you by any chance a rich fuck who doesn't contribute ? If so we don't want you here !"
On the other hand, the 3rd one. Satire aside. I get you. A lazy rich person doesn't work and when he buys something, it's a middle finger to workers. But I disagree. It matters not to the worker, nor does it phase or concern them. It will be between the protagonist and God, though I don't think it'll bother God at all. I think God would be more cringed out with people crying about the existence of people who got it easy without much effort.
Finally. Acquiring enormous wealth with no work, isn't the case Professor. But if you find a way to do that, let me know. Minus the lottery, which I'm going to win soon anyway. Enlighten me.
The CEO doesn't work as hard as a member in the production line in most cases.LOL. Yeah, sure. That's cause we elect the slackers and those who do fuck all to be CEOs, right?
Ignorance again.
The CEO makes waaaaay more money than several ground workers combined. Right ? The CEO's job is that much harder correct ? Maybe the CEO would find building a skyscraper solo to be much simpler, making more than everyone combined and all. Eh ?
Seems like it's too hard for you to grasp this concept.
LOL. Everyone, including the government, cannot simply take as much crypto from holders as they like. This is the west. That will happen with fiat before it happens to crypto cause the banks will comply with such an order. The world will never vouch for that.
See you think it's fair to seize wealth and give it to the masses, but on the same paper suggest how crypto = lazy and bad for society. Do this, and watch how much work won't get done.If we achieved the crypto wet dream and crypto became a legit currency to be replacing fiat, and the world went that route, then there'd be a question on how such a system should be run, and everyone, I mean everyone, will be involved, not a few nerds who turned on their computers in the early IT boom. My mom, the people who go shop for groceries every day, are not going to choose bitcoin. What do you think is going to happen to bitcoin holders when that happens? The entire world will not choose bitcoin as the currency. The best one can hope for is someone sort of compensation for their lost money. Why? Because with bitcoin, you have no real wealth. No military power, no economic leverage, no bargaining power in terms of goods and services. What makes you think you have any leverage when your wealth is not tied to anything intrinsic?
You forgot the segment about CBDC's already ? That dream wouldn't be decentralized, it would be centralized where every penny would be tracked in ways that allow the government to allocate and zone people in a society gradually becoming more dystopian.
A digital USD for example would be government owned and distributed. The wallets for that chain will be proprietary to it's own chain, where money can be seized, and frozen for whatever reason, and every single time we use it, it'll automatically tax us. It's protocols will not be as a decentralized cryptocurrency. Digital fiat, ok, will not replace fiat, it will replace the cash format, so no sale can be private. It's basically the mark of the beast where no man rich or poor can buy or sell unless he has the mark. It will still be inflationary. Only thing is, like OG cryptocurrency it won't be possible to counterfeit, and it would be much cheaper than having the federal reserve print cash and charge each print with a 4 cent debt regardless of the papers print and trusted value.
Furthermore we already pay for things digitally without cryptocurrency.
The, as you say, crypto wet dream, is already here. Decentralized. Out of the hands of the federal reserve that inflicts debt and interest on the public. A digital fiat would only push more masses toward decentralized cryptocurrencies, which aren't equipped to accommodate the amount of transaction required to do that, except maybe Solana and some other chains I don't know about. Governments already adopted it while it's said only 6% of the world has some cryptocurrency.