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Bitcoin is the future, not cryptocurrencies. No one is going to use a company's token as money in any meaningful way at scale. Only Bitcoin will be used as mo

Bitcoin is the future, not cryptocurrencies. No one is going to use a company's token as money in any meaningful way at scale. Only Bitcoin will be used as money the way we understand money now because it's an open and neutral protocol. An internet-native money.

yashg 3y ago
>Bitcoin is the future Nope
- Quindecillion 3y ago
  Yep. I can understand why you would dismiss it if you haven't taken the time to really understand it, or just been fed a stream of anti-Bitcoin propaganda to fool you into thinking you're "informed" about it. But it's going to be foundational technology to the future of the Internet, online commerce, energy, and the wider global economy. Learn why, or miss one of the biggest opportunities in your life. Your loss if you choose to ignore it.
  - deleted 3y ago
    [deleted]
  - phatfish 3y ago
    And apparently "Satoish" is going to become the most powerful person on earth because they hold ~5% of this deflationary "foundational" global currency/commodity/whatever it is. That reason alone is why it will never happen. I would work on saving for that ticket to Mars with Elon, there is more chance of starting a new crypto-bro society there than Bitcoin going to the moon on earth.
    - LAMike 3y ago
      It's Satoshi, and good luck on Mars, I'm sure Elon would be a great leader for you
    - Quindecillion 3y ago
      Satoshi only ever moved some Bitcoin a couple of times in the very beginning. Otherwise none of his confirmed Bitcoin has ever moved. It's very likely that those funds are lost forever, but there's no way to ever confirm. > I would work on saving for that ticket to Mars with Elon, there is more chance of starting a new crypto-bro society there than Bitcoin going to the moon on earth. I'll take that bet.
  - yashg 3y ago
    I am not missing anything in life by not participating in a decentralised ponzi. I definitely get your motivation to keep finding new idiots to bring their real money in the game so grifters can unload their magic tokens for real cash.
    - Quindecillion 3y ago
      > real cash How much of that "real cash" is there right now? No one really knows. How much of that "real cash" will there be in the future? No one knows. What happens to the value of something when you can digitally create an infinite amount of it in a database at a central bank, controlled by a handful of bureaucrats? Try to answer those questions with the smallest amount of intellectual honesty and I'll think you'll find the value of your "real cash" isn't based on very much. Forget about Bitcoin and just answer those questions about fiat money.
      - yashg 3y ago
        You say Bitcoin is real money because it is limited in supply (artificially since it's essentially a variable defined in the code) so that makes it deflationary. Anything deflationary in nature can't be money. I won't explain basic economics to you. Go find out why. But then you act like Bitcoin is a security, a speculative asset because it's value will only go up in future (again thanks to limited supply). Real cash is something that you can buy real goods and services with. Something that I can pay my bills with. You guys have a problem with central governments seemingly creating money out of thin air because you think it devalues your money. Your whole concept of money is wrong. You confuse money (a medium of exchange/short term store of value) with security (long term storage of value). You know what gives money any value even if it is printed out of thin air? Trust. I trust that I can exchange that money for food, for a house, for clothes, a movie ticket, anything that I want. Where does that trust come from? That trust comes from the stability of the government, the law and order systems, the ability of the sovereign to protect its land and people with those guns and tanks. What gives Bitcoin a value? Nothing. If I cannot find a bigger fool to sell my Bitcoin, it's worthless. Bitcoin is neither money (deflationary), nor a security (no inherent utility). This is plain truth. Other than a handful of crypto suckers everyone understands it. Hope you get this simple truth one day.
- LAMike 3y ago
  > Cope
  - deleted 3y ago
    [deleted]
  - Quindecillion 3y ago
    You will be doing that for the rest of your life as you watch Bitcoin's purchasing power rise against fiat's falling purchasing power.
    - yashg 3y ago
      Sure, make sure you never spend your Bitcoins because it will be more in value tomorrow. If you can buy 1 pizza today, you will be able to buy 10 pizzas next year. If it can buy one house today, it will be able to buy a mansion 5 years down the line. Wow, what a wonderful world it will be where nobody spends on anything because their magical Bitcoins will be worth more in future. What an amazing economy it will be. Nobody will work, everyone will just sit home and watch their Bitcoins go to moon and dream about what all they can purchase with their Bitcoins in future. What are you planning to buy when a BTC hits a million worthless USD?
      - Quindecillion 3y ago
        Yes... I'll never spend my Bitcoin. I'll just starve to death in a gutter as I watch my wealth sky rocket.
    - LAMike 3y ago
      Distribution of Bitcoin has been happening for 15 years, because you can't live inside of a Bitcoin, and people need to survive. You don't understand economics if you think people will never spend their savings, when the time is right. I know I have diversified into real estate as a result, and continue to stack sats when I can.

yashg 3y ago

>Bitcoin is the future Nope

Quindecillion 3y ago
Yep. I can understand why you would dismiss it if you haven't taken the time to really understand it, or just been fed a stream of anti-Bitcoin propaganda to fool you into thinking you're "informed" about it. But it's going to be foundational technology to the future of the Internet, online commerce, energy, and the wider global economy. Learn why, or miss one of the biggest opportunities in your life. Your loss if you choose to ignore it.
- deleted 3y ago
  [deleted]
- phatfish 3y ago
  And apparently "Satoish" is going to become the most powerful person on earth because they hold ~5% of this deflationary "foundational" global currency/commodity/whatever it is. That reason alone is why it will never happen. I would work on saving for that ticket to Mars with Elon, there is more chance of starting a new crypto-bro society there than Bitcoin going to the moon on earth.
  - LAMike 3y ago
    It's Satoshi, and good luck on Mars, I'm sure Elon would be a great leader for you
  - Quindecillion 3y ago
    Satoshi only ever moved some Bitcoin a couple of times in the very beginning. Otherwise none of his confirmed Bitcoin has ever moved. It's very likely that those funds are lost forever, but there's no way to ever confirm. > I would work on saving for that ticket to Mars with Elon, there is more chance of starting a new crypto-bro society there than Bitcoin going to the moon on earth. I'll take that bet.
- yashg 3y ago
  I am not missing anything in life by not participating in a decentralised ponzi. I definitely get your motivation to keep finding new idiots to bring their real money in the game so grifters can unload their magic tokens for real cash.
  - Quindecillion 3y ago
    > real cash How much of that "real cash" is there right now? No one really knows. How much of that "real cash" will there be in the future? No one knows. What happens to the value of something when you can digitally create an infinite amount of it in a database at a central bank, controlled by a handful of bureaucrats? Try to answer those questions with the smallest amount of intellectual honesty and I'll think you'll find the value of your "real cash" isn't based on very much. Forget about Bitcoin and just answer those questions about fiat money.
    - yashg 3y ago
      You say Bitcoin is real money because it is limited in supply (artificially since it's essentially a variable defined in the code) so that makes it deflationary. Anything deflationary in nature can't be money. I won't explain basic economics to you. Go find out why. But then you act like Bitcoin is a security, a speculative asset because it's value will only go up in future (again thanks to limited supply). Real cash is something that you can buy real goods and services with. Something that I can pay my bills with. You guys have a problem with central governments seemingly creating money out of thin air because you think it devalues your money. Your whole concept of money is wrong. You confuse money (a medium of exchange/short term store of value) with security (long term storage of value). You know what gives money any value even if it is printed out of thin air? Trust. I trust that I can exchange that money for food, for a house, for clothes, a movie ticket, anything that I want. Where does that trust come from? That trust comes from the stability of the government, the law and order systems, the ability of the sovereign to protect its land and people with those guns and tanks. What gives Bitcoin a value? Nothing. If I cannot find a bigger fool to sell my Bitcoin, it's worthless. Bitcoin is neither money (deflationary), nor a security (no inherent utility). This is plain truth. Other than a handful of crypto suckers everyone understands it. Hope you get this simple truth one day.
LAMike 3y ago
> Cope
- deleted 3y ago
  [deleted]
- Quindecillion 3y ago
  You will be doing that for the rest of your life as you watch Bitcoin's purchasing power rise against fiat's falling purchasing power.
  - yashg 3y ago
    Sure, make sure you never spend your Bitcoins because it will be more in value tomorrow. If you can buy 1 pizza today, you will be able to buy 10 pizzas next year. If it can buy one house today, it will be able to buy a mansion 5 years down the line. Wow, what a wonderful world it will be where nobody spends on anything because their magical Bitcoins will be worth more in future. What an amazing economy it will be. Nobody will work, everyone will just sit home and watch their Bitcoins go to moon and dream about what all they can purchase with their Bitcoins in future. What are you planning to buy when a BTC hits a million worthless USD?
    - Quindecillion 3y ago
      Yes... I'll never spend my Bitcoin. I'll just starve to death in a gutter as I watch my wealth sky rocket.
  - LAMike 3y ago
    Distribution of Bitcoin has been happening for 15 years, because you can't live inside of a Bitcoin, and people need to survive. You don't understand economics if you think people will never spend their savings, when the time is right. I know I have diversified into real estate as a result, and continue to stack sats when I can.