Sorry man but you’re actually wrong. You can’t cheat math. Go read the Bitcoin whitepaper and then tell me again that there’s no “value” there. https://bitcoin.org/bitcoin.pdf
It’s not like USD has intrinsic value like you’re suggesting - it’s just backed by the Fed and inflating terribly. Bitcoin will never be controlled like that by independent parties.
What? Nothing in that white paper addresses, much less refutes, my clear points.
So why don’t you try? 🤔
You can’t, because you can’t.
And then “the math”?!? My goodness, you sound exactly like the nut jobs citing “the science” to gaslight transparent lies about the climate and Covid.
There’s no math that allows your magical coins to keep going up in price when no value is created, and when the early entrants have been continually pulling money-for-nothing out of the system (aside from that conspicuous tranche of zero-cost tokens that zealots love to point to to claim that early entrants have not been converting out to real assets all along, funded by “greater fool” entrants recruited by the trademark fraudulent “money for nothing, look at all the money others have made” tactics of pyramid schemes).
As an intermediary currency, great, fine.
As an “investment” or a store of value? Absolutely insane. It’s a fundamentally worthless, scam-patterned, guaranteed-GTZ proposition.
Your “points” are little more than rambling garbage and you use a lot of buzz words and name calling when you clearly don’t even understand how Bitcoin works. You’re either a shill, or a doomer, or both and I shouldn’t even bother replying — but otherwise you’d be shouting into an echo chamber.
And you can’t respond to clear arguments because, uh, “buzzwords”? 🤨
Just terrible, man.
But whatever - every absurd asset in history bubble has popped, sending the asset down to roughly its intrinsic value (in this case, precisely zero) and rendering itself a cautionary tale, painful to the bag-holding fools in the moment, and laughably incomprehensible in distant hindsight… every absurd asset bubble, except this one? Fella, that’s what they all say.
Just don’t blame it on “them” when the most obvious, and most hyped, asset bubble in history does exactly what they all do.
Sorry man but you’re actually wrong. You can’t cheat math. Go read the Bitcoin whitepaper and then tell me again that there’s no “value” there. https://bitcoin.org/bitcoin.pdf
It’s not like USD has intrinsic value like you’re suggesting - it’s just backed by the Fed and inflating terribly. Bitcoin will never be controlled like that by independent parties.
What’s naive about this? u/BasedInFact is implying that ideas don’t have any intrinsic value. The economy of Supply and demand says otherwise.
But it’s irreversible, and impossible to be forged. So, it’s worth what someone will pay for it.
What? Nothing in that white paper addresses, much less refutes, my clear points.
So why don’t you try? 🤔
You can’t, because you can’t.
And then “the math”?!? My goodness, you sound exactly like the nut jobs citing “the science” to gaslight transparent lies about the climate and Covid.
There’s no math that allows your magical coins to keep going up in price when no value is created, and when the early entrants have been continually pulling money-for-nothing out of the system (aside from that conspicuous tranche of zero-cost tokens that zealots love to point to to claim that early entrants have not been converting out to real assets all along, funded by “greater fool” entrants recruited by the trademark fraudulent “money for nothing, look at all the money others have made” tactics of pyramid schemes).
As an intermediary currency, great, fine. As an “investment” or a store of value? Absolutely insane. It’s a fundamentally worthless, scam-patterned, guaranteed-GTZ proposition.
Your “points” are little more than rambling garbage and you use a lot of buzz words and name calling when you clearly don’t even understand how Bitcoin works. You’re either a shill, or a doomer, or both and I shouldn’t even bother replying — but otherwise you’d be shouting into an echo chamber.
So, project much? 😂🤣
And you can’t respond to clear arguments because, uh, “buzzwords”? 🤨
Just terrible, man.
But whatever - every absurd asset in history bubble has popped, sending the asset down to roughly its intrinsic value (in this case, precisely zero) and rendering itself a cautionary tale, painful to the bag-holding fools in the moment, and laughably incomprehensible in distant hindsight… every absurd asset bubble, except this one? Fella, that’s what they all say.
Just don’t blame it on “them” when the most obvious, and most hyped, asset bubble in history does exactly what they all do.
Your arguments literally sound like my grandpa in the early 90s when the Internet was first becoming a "thing".
You are just a boomer who has no literal idea what the technology for Bitcoin creates and what the ASSETS running on that technology are capable of.
Guess what... it's far more than a little piece of paper with Abe's face printed on it.
Then don’t buy in. No one’s forcing you.
You’ve never heard of supply and demand?