3 ms·

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?
        quantadev 2y ago
        All you tried there was two strawman arguments, or else you didn't carefully read my words. 1) I said BTC failed as a currency. And yes all the people currently holding cryptos are indeed claiming it's an asset, but they all have one thing in common: They gave their REAL money to someone else in exchange for nothing. You purchased a jar of air with the word "Digital Gold" printed on the side of it basically...with the reasoning of "If everybody treats this special air as Gold, then it might as well be Gold" 2) Neither Credit Cards nor PayPal are money. They are technologies for HANDLING money. A technology for handling a thing is not the thing itself. Not a hard logical axiom to grasp is it?

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?
        quantadev 2y ago
        All you tried there was two strawman arguments, or else you didn't carefully read my words. 1) I said BTC failed as a currency. And yes all the people currently holding cryptos are indeed claiming it's an asset, but they all have one thing in common: They gave their REAL money to someone else in exchange for nothing. You purchased a jar of air with the word "Digital Gold" printed on the side of it basically...with the reasoning of "If everybody treats this special air as Gold, then it might as well be Gold" 2) Neither Credit Cards nor PayPal are money. They are technologies for HANDLING money. A technology for handling a thing is not the thing itself. Not a hard logical axiom to grasp is it?