Cryptocurrency is not worth the paper it's not printed on.
Or: think of a Schrodinger's Cat that is supposedly valuable (to whom?) being kept in a safe that requires a power source to keep it alive...and the power demand keeps increasing. If the power inevitably goes out, the cat disappears. (How is that different from it not being there in the first place?)
It is the most incredible swindle. You tender actual currency (convertible to goods and services) in order to obtain a...promise. Under the hope that the promise itself will become more valuable in time. I tire of thinking of all the people who have fallen for this scheme. It's not a question of whether they will lose their money. They've already lost it. Now the question is: when will they come to that realization? I am prepared only to offer them a tissue to cry with when this happens, not to offer any consolation or sympathy.
Still woulda been nice to keep a few Bitcoin from 2014.
I lean towards the theory that Bitcoin was devised to keep people from investing in physical gold and silver, to keep prices artificially suppressed, and to pull the inevitable bait and switch so those holding BTC will be SOL.
I'll stick to my gold and silver now. At least they will have to pry it out of my cold dead hands if they want it.
"Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database."
The CIA, Putin and a few other entities have been claimed to have invented Bitcoin. Haven't seen any sauce yet. Until I do, I'll chalk it up to hedge fund FUD to get it out of the hands of HODLers and into their own bags
Cryptocurrency is not worth the paper it's not printed on.
Or: think of a Schrodinger's Cat that is supposedly valuable (to whom?) being kept in a safe that requires a power source to keep it alive...and the power demand keeps increasing. If the power inevitably goes out, the cat disappears. (How is that different from it not being there in the first place?)
It is the most incredible swindle. You tender actual currency (convertible to goods and services) in order to obtain a...promise. Under the hope that the promise itself will become more valuable in time. I tire of thinking of all the people who have fallen for this scheme. It's not a question of whether they will lose their money. They've already lost it. Now the question is: when will they come to that realization? I am prepared only to offer them a tissue to cry with when this happens, not to offer any consolation or sympathy.
Satoshi Nakamoto
https://en.m.wikipedia.org/wiki/Satoshi_Nakamoto
I don't get it.
Bitcoin's creation is credited to an unknown Japanese man named Satoshi Nakamoto.
"Satoshi Nakamoto" has never come forward or been found.
Elon Musk posits that Bitcoin was actually created by these four corporations, and is not as free as you've been led to believe.
Thank you I never knew that.
I am learning every day.
Still woulda been nice to keep a few Bitcoin from 2014.
I lean towards the theory that Bitcoin was devised to keep people from investing in physical gold and silver, to keep prices artificially suppressed, and to pull the inevitable bait and switch so those holding BTC will be SOL.
I'll stick to my gold and silver now. At least they will have to pry it out of my cold dead hands if they want it.
SA _ TOSHI_ NAKA_ MOTO
"Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database."
Whoever made it has done an incredible job at keeping it secret. Probably under penalty of death.
Probably already killed off to hide the truth.
Ohhhh! Snap!
The CIA, Putin and a few other entities have been claimed to have invented Bitcoin. Haven't seen any sauce yet. Until I do, I'll chalk it up to hedge fund FUD to get it out of the hands of HODLers and into their own bags
For those wondering: Satoshi Nakamoto
Lol @ crypto bagholders. In God we trust.