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I can almost guarantee you most everyone who owns BTC will be 100% in favor of anything that will drive up it's price, because they falsely equate it's price as

I can almost guarantee you most everyone who owns BTC will be 100% in favor of anything that will drive up it's price, because they falsely equate it's price as it's value. It has zero value despite it's price, just like beanie babies and Tulips always did.

goosejuice 2y ago
How are you defining value here?
- quantadev 2y ago
  Everything that hodls it's desirability even after a grid-down scenario.
  - goosejuice 2y ago
    In such a scenario you wouldn't be able to use fiat either. Guns and food would be of greatest value. Maybe we should just reserve guns and ammo?
    - quantadev 2y ago
      I never claimed fiat was an asset. Nobody considers cash an asset. I'm a software developer since 1990 so I recognize the value of blockchain technology, but I'm also smart enough to know a number in a computer ledger is not an asset.
  - desumeku 2y ago
    Your idea of value is completely and utterly disrupted from the rest of the world, then.
    - quantadev 2y ago
      I can't think of any assets that exist only in cyberspace. But even if you assert that grid-independence is not important, you're still stuck making the false claim that there's any scarcity in cyberspace. New crypto-coins can be created at the press of a button, thus your whole entire faith and hope is that everyone will always use Bitcoin, which is provably false.
      - desumeku 2y ago
        >New crypto-coins can be created at the press of a button Oh? Can you prove this? How are you capable of creating new Bitcoins without mining them? Surely this big secret you have should be worth sharing.
        quantadev 2y ago
        The very fact that you're trying to pretend you conflated the words "crypto-coins" with "Bitcoins", as if you did it by accident (which you did not), proves my point better than I ever could have; because the entire [false] premise of scarcity among the Hodlers depends on having no other coins ever become popular.
        desumeku 2y ago
        Do you think printing fiat money is somehow harder or less silly than printing cryptocurrencies? You don't have arguments against crypto, you just have arguments against money. "Anybody can come up with a different money that would be exactly equal in every way" applies both to the Dollar and to Bitcoin.
        quantadev 2y ago
        Money is something you can hodl in your hands (whenever needed in physical form) and walk around with, and spend without ever involving the power grid. When you Hodl Bitcoin all you've done is make an "In-Game Purchase" (Like Warcraft Gold) in a game that most humans don't want to play, and have already rejected. Also BTC has already failed as a currency, because the people who value it only want to hoard it, due to the fact that they consider it an actual asset, so they won't spend it; and the rest of us don't want to join your cult/game. A game that can be cloned infinite times, at the click of a mouse, too.
        desumeku 2y ago
        Keep talking about how the 9th largest asset on earth by market cap has "already failed". It's very convincing. Additionally, your definition of money is simply ludicrous. Your credit cards aren't money, then? What about that app on your phone called 'PayPal'? Is it just a collective delusion?
peterldowns 2y ago
You're wrong — I own BTC and believe in the value of cryptocurrencies, but I am opposed to the US government doing this with my tax dollars.
- quantadev 2y ago
  I'm still correct, because I said "most".
darthrupert 2y ago
I also own some and am very suspicious and a bit nervous that USA is getting in on it. Especially with the current administration.
- quantadev 2y ago
  The very fact that new crypto coins are about to be (or even ever could be) sanctioned by different governments/nations, is proof positive that the concept of scarcity is a myth. Even Diamond-Hands Hodlers all admit that without scarcity there is no value either.
  - 3np 2y ago
    Not at all following how presence or possibility of sanctions supposedly invalidate scarcity as such. How does it follow? I think you are confused.
    - quantadev 2y ago
      There is scarcity in BTC, but no scarcity on Cryptos. Every BTC investor/hodler is betting the farm that BTC will be the dominant crypto forever. BTC is very similar to a cult or Ponzi scheme where you only achieve your goal if you can convince others to join. Why do you think nearly every BTC Maxi will claim all other coins are "Sh|t coins"? ...including coins/blockchains that are running identical code to BTC?
      - desumeku 2y ago
        There is scarcity in USD, but no scarcity on Fiat. Every USD bond investor/hodler is betting the farm that the USA will be the dominant nation forever. USD is very similar to a cult or Ponzi scheme where you only achieve your goal if you can convince others to join. Why do you think nearly every USA Maxi will claim all other countries are "Sh|t countries"? ...including nations/currencies that are using identical macroeconomics as USD?
        2y ago

goosejuice 2y ago

How are you defining value here?

quantadev 2y ago
Everything that hodls it's desirability even after a grid-down scenario.
- goosejuice 2y ago
  In such a scenario you wouldn't be able to use fiat either. Guns and food would be of greatest value. Maybe we should just reserve guns and ammo?
  - quantadev 2y ago
    I never claimed fiat was an asset. Nobody considers cash an asset. I'm a software developer since 1990 so I recognize the value of blockchain technology, but I'm also smart enough to know a number in a computer ledger is not an asset.
- desumeku 2y ago
  Your idea of value is completely and utterly disrupted from the rest of the world, then.
  - quantadev 2y ago
    I can't think of any assets that exist only in cyberspace. But even if you assert that grid-independence is not important, you're still stuck making the false claim that there's any scarcity in cyberspace. New crypto-coins can be created at the press of a button, thus your whole entire faith and hope is that everyone will always use Bitcoin, which is provably false.
    - desumeku 2y ago
      >New crypto-coins can be created at the press of a button Oh? Can you prove this? How are you capable of creating new Bitcoins without mining them? Surely this big secret you have should be worth sharing.
      - quantadev 2y ago
        The very fact that you're trying to pretend you conflated the words "crypto-coins" with "Bitcoins", as if you did it by accident (which you did not), proves my point better than I ever could have; because the entire [false] premise of scarcity among the Hodlers depends on having no other coins ever become popular.
        desumeku 2y ago
        Do you think printing fiat money is somehow harder or less silly than printing cryptocurrencies? You don't have arguments against crypto, you just have arguments against money. "Anybody can come up with a different money that would be exactly equal in every way" applies both to the Dollar and to Bitcoin.
        quantadev 2y ago
        Money is something you can hodl in your hands (whenever needed in physical form) and walk around with, and spend without ever involving the power grid. When you Hodl Bitcoin all you've done is make an "In-Game Purchase" (Like Warcraft Gold) in a game that most humans don't want to play, and have already rejected. Also BTC has already failed as a currency, because the people who value it only want to hoard it, due to the fact that they consider it an actual asset, so they won't spend it; and the rest of us don't want to join your cult/game. A game that can be cloned infinite times, at the click of a mouse, too.
        desumeku 2y ago
        Keep talking about how the 9th largest asset on earth by market cap has "already failed". It's very convincing. Additionally, your definition of money is simply ludicrous. Your credit cards aren't money, then? What about that app on your phone called 'PayPal'? Is it just a collective delusion?

peterldowns 2y ago

You're wrong — I own BTC and believe in the value of cryptocurrencies, but I am opposed to the US government doing this with my tax dollars.

quantadev 2y ago
I'm still correct, because I said "most".

darthrupert 2y ago

I also own some and am very suspicious and a bit nervous that USA is getting in on it. Especially with the current administration.

quantadev 2y ago
The very fact that new crypto coins are about to be (or even ever could be) sanctioned by different governments/nations, is proof positive that the concept of scarcity is a myth. Even Diamond-Hands Hodlers all admit that without scarcity there is no value either.
- 3np 2y ago
  Not at all following how presence or possibility of sanctions supposedly invalidate scarcity as such. How does it follow? I think you are confused.
  - quantadev 2y ago
    There is scarcity in BTC, but no scarcity on Cryptos. Every BTC investor/hodler is betting the farm that BTC will be the dominant crypto forever. BTC is very similar to a cult or Ponzi scheme where you only achieve your goal if you can convince others to join. Why do you think nearly every BTC Maxi will claim all other coins are "Sh|t coins"? ...including coins/blockchains that are running identical code to BTC?
    - desumeku 2y ago
      There is scarcity in USD, but no scarcity on Fiat. Every USD bond investor/hodler is betting the farm that the USA will be the dominant nation forever. USD is very similar to a cult or Ponzi scheme where you only achieve your goal if you can convince others to join. Why do you think nearly every USA Maxi will claim all other countries are "Sh|t countries"? ...including nations/currencies that are using identical macroeconomics as USD?
      - 2y ago