Win / GreatAwakening
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It's not pedantry to point out the fundamental assumptions of the scarcity of BTC is beholden to whatever the consensus of the hashrate dictates it is. It's not a "Hypothetical" that's literally how it technically works. I have integrated crypto payment services for bespoke e-commerce sites that were trying and largely failing to operate away from ever increasingly regulatory pressures. I'm not here to tell you where to put your money, but when the lights go out a bucket of shit will be worth more than BTC, you can burn shit, fertilise plants with it and make waddle and daub construction. The only variable here is the degree to which people do not like that fact because it hurts the emotional defense of the fundamentally flawed thing that bitcoin is. The fact you're trying to dab on people for "not knowing anything about" btc whilst being deep in platos cave with it yourself is basically the support that BTC has. I think BTC is fine to invest in, it's no better or worse than ukrainian crop futures, there's clearly a lot of positive market sentiment behind it and that means your money is kinda maybe likely to go up as part of a balanced folio but it solves no great pressing problems in the world, adds quite a few more, and should IMO be put into the HOF as the conceptual patriarch to better solutions out there. A universalist system wherein the government and the people you interact with can freely look up how much wealth you have and where you spent it before now whilst gobbling up terawatts of power that has absolutely zero commercial or industrial use and is at risk of legislation at any time or a subversive take-over in a decade or two or three is what btc is, nothing more, nothing less.

For investments, I have my health, an offline and digital library, skills I can pass on, and a variety of precious metals. I don't invest in crypto except where there's an obvious pump and dump coming, I use crypto on occasion because it was made for using, not hording. Whether XMR/Eth/BTC etc is 10 cents or 1m per makes no difference to me.

3 years ago
1 score
Reason: Original

It's not pedantry to point out the fundamental assumptions of the scarcity of BTC is beholden to whatever the consensus of the hashrate dictates it is. It's not a "Hypothetical" that's literally how it technically works. I have integrated crypto payment services for bespoke e-commerce sites that were trying and largely failing to operate away from ever increasingly regulatory pressures. I'm not here to tell you where to put your money, but when the lights go out a bucket of shit will be worth more than BTC, you can burn shit, fertilise plants with it and make waddle and daub construction. The only variable here is the degree to which people do not like that fact because it hurts the emotional defense of the fundamentally flawed thing that bitcoin is. The fact you're trying to dab on people for "not knowing anything about" btc whilst being deep in platos cave with it yourself is basically the support that BTC has.

I think BTC is fine to invest in, it's no better or worse than ukrainian crop futures, there's clearly a lot of positive market sentiment behind it and that means your money is kinda maybe likely to go up as part of a balanced folio but it solves no great pressing problems in the world, adds quite a few more, and should IMO be put into the HOF as the conceptual patriarch to better solutions out there.

A universalist system wherein the government and the people you interact with can freely look up how much wealth you have and where you spent it before now whilst gobbling up terawatts of power that has absolutely zero commercial or industrial use and is at risk of legislation at any time or a subversive take-over in a decade or two or three is what btc is, nothing more, nothing less.

3 years ago
1 score