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" I will show you how the very same things can be done and are being already done faster, and more efficiently without Bitcoin." Right, so how can I get a bank

" I will show you how the very same things can be done and are being already done faster, and more efficiently without Bitcoin." Right, so how can I get a bank account that nobody can shut down? "Yes, but that's not their primary use." Neither is bitcoin's. So is gold also a scam, in your opinion? I mean if Bitcoin is a scam, it is probably one of the most complicated scams ever? How many millions of lines of code have already been written for the Bitcoin ecosystem? "If there were, it wouldn't be used almost exclusively the way it's used right now." So gold is also a scam?

dmitriid 5y ago
> Right, so how can I get a bank account that nobody can shut down? What's a bank account when there's literally nothing useful you can do with it, except hoard, scam, and trade other meaningless tokens? > Neither is bitcoin's. The absolute vast majority use cases for bitcoin are scams and hoarding. > I mean if Bitcoin is a scam, it is probably one of the most complicated scams ever? It's not. It's very, very simple. > How many millions of lines of code have already been written for the Bitcoin ecosystem? You assume that having many lines of code is equal to something not being a scam. There exactly two kinds ow people who peddle bitcoin and crypto: scammers who know what they are doing (and yes, writing millions of lines of code), and gullible idiots. > So gold is also a scam? Outside of technical uses? Yes, mostly, as in the usual scenario of "you need to hoard gold because soon everything will fall, and you'll need gold". So are diamonds. There are very many scams. But blockchains, and bitcoin among them, take the current crown.
- kkjjkgjjgg 5y ago
  "What's a bank account when there's literally nothing useful you can do with it, except hoard, scam, and trade other meaningless tokens?" So you can not give me the thing that Bitcoin delivers, without Bitcoin. Case closed. Sorry, you are clueless, and your attitude may bite you in the ass in the long run. Discussion is over. You can keep your beliefs.
  - dmitriid 5y ago
    > So you can not give me the thing that Bitcoin delivers, without Bitcoin. Case closed. I have given you that. "Bank account that can't be shut down" is meaningless if it doesn't provide any function beyond storing bitcoin. > Sorry, you are clueless, I'm not. > You can keep your beliefs. These are not beliefs. These are things grounded in reality. Unlike, you know, anything bitcoin-related.
    - kkjjkgjjgg 5y ago
      "I have given you that. "Bank account that can't be shut down" is meaningless if it doesn't provide any function beyond storing bitcoin." You can not just store bitcoin. Your assumptions are ridiculously wrong. While you can not pay everywhere easily with Bitcoin yet, you also have to think of it in terms of insurance. When pressure increases and more and more people get cancelled, more and more people will seek refuge in Bitcoin. There are many scenarios where Bitcoin can provide a way out. Extreme cases like having to flee the country - are you going to carry gold bars across the border? A quick google claims 2 Billion unbanked people in the world. People who can't get a bank account for some reason or other. With Bitcoin, nobody can prevent you from having a bank account.
      - dmitriid 5y ago
        > You can not just store bitcoin. So, what else are you going to store there? > you also have to think of it in terms of insurance. Ah yes. Insurance. With bitcoin's price fluctuating as much as 300% over the course of the year. > When pressure increases and more and more people get cancelled There are 9 billion people in the world. How many "got canceled", for whatever the term "canceled" means to you. 10? 100? This will definitely make Bitcoin a global means of payment, surely. > A quick google claims 2 Billion unbanked people in the world. People who can't get a bank account for some reason or other. Ah. "For some reason or another". Could you tell me those "some reasons"? Let me help you. --- start quote --- [In the US] the majority of the unbanked and underbanked are American-born while a growing number are immigrants where the two groups have low income as a commonality and lack the minimum balance to open checking and savings accounts --- end quote --- Wells Fargo requires you to have 25 dollars to open a checking account. People who don't have 25 dollars to open a checking account will surely flock to Bitcoin, where such a simple thing as a transaction can cost anywhere from 3 to 60 dollars per transaction over the course of the year. Same goes for other unbanked populations across the world, the vast majority of whom live in developing countries. > With Bitcoin, nobody can prevent you from having a bank account. There are exactly two kinds of people who peddle bitcoin and other cryptocurrencies: scammers who know exactly what they are doing, and gullible fools with a very tenuous understanding of reality.

dmitriid 5y ago

> Right, so how can I get a bank account that nobody can shut down? What's a bank account when there's literally nothing useful you can do with it, except hoard, scam, and trade other meaningless tokens? > Neither is bitcoin's. The absolute vast majority use cases for bitcoin are scams and hoarding. > I mean if Bitcoin is a scam, it is probably one of the most complicated scams ever? It's not. It's very, very simple. > How many millions of lines of code have already been written for the Bitcoin ecosystem? You assume that having many lines of code is equal to something not being a scam. There exactly two kinds ow people who peddle bitcoin and crypto: scammers who know what they are doing (and yes, writing millions of lines of code), and gullible idiots. > So gold is also a scam? Outside of technical uses? Yes, mostly, as in the usual scenario of "you need to hoard gold because soon everything will fall, and you'll need gold". So are diamonds. There are very many scams. But blockchains, and bitcoin among them, take the current crown.

kkjjkgjjgg 5y ago
"What's a bank account when there's literally nothing useful you can do with it, except hoard, scam, and trade other meaningless tokens?" So you can not give me the thing that Bitcoin delivers, without Bitcoin. Case closed. Sorry, you are clueless, and your attitude may bite you in the ass in the long run. Discussion is over. You can keep your beliefs.
- dmitriid 5y ago
  > So you can not give me the thing that Bitcoin delivers, without Bitcoin. Case closed. I have given you that. "Bank account that can't be shut down" is meaningless if it doesn't provide any function beyond storing bitcoin. > Sorry, you are clueless, I'm not. > You can keep your beliefs. These are not beliefs. These are things grounded in reality. Unlike, you know, anything bitcoin-related.
  - kkjjkgjjgg 5y ago
    "I have given you that. "Bank account that can't be shut down" is meaningless if it doesn't provide any function beyond storing bitcoin." You can not just store bitcoin. Your assumptions are ridiculously wrong. While you can not pay everywhere easily with Bitcoin yet, you also have to think of it in terms of insurance. When pressure increases and more and more people get cancelled, more and more people will seek refuge in Bitcoin. There are many scenarios where Bitcoin can provide a way out. Extreme cases like having to flee the country - are you going to carry gold bars across the border? A quick google claims 2 Billion unbanked people in the world. People who can't get a bank account for some reason or other. With Bitcoin, nobody can prevent you from having a bank account.
    - dmitriid 5y ago
      > You can not just store bitcoin. So, what else are you going to store there? > you also have to think of it in terms of insurance. Ah yes. Insurance. With bitcoin's price fluctuating as much as 300% over the course of the year. > When pressure increases and more and more people get cancelled There are 9 billion people in the world. How many "got canceled", for whatever the term "canceled" means to you. 10? 100? This will definitely make Bitcoin a global means of payment, surely. > A quick google claims 2 Billion unbanked people in the world. People who can't get a bank account for some reason or other. Ah. "For some reason or another". Could you tell me those "some reasons"? Let me help you. --- start quote --- [In the US] the majority of the unbanked and underbanked are American-born while a growing number are immigrants where the two groups have low income as a commonality and lack the minimum balance to open checking and savings accounts --- end quote --- Wells Fargo requires you to have 25 dollars to open a checking account. People who don't have 25 dollars to open a checking account will surely flock to Bitcoin, where such a simple thing as a transaction can cost anywhere from 3 to 60 dollars per transaction over the course of the year. Same goes for other unbanked populations across the world, the vast majority of whom live in developing countries. > With Bitcoin, nobody can prevent you from having a bank account. There are exactly two kinds of people who peddle bitcoin and other cryptocurrencies: scammers who know exactly what they are doing, and gullible fools with a very tenuous understanding of reality.