He unironically makes amazing points. Coming from a BTC holder since 2013, and him being a holder for BTC earlier as well, it is now abdundantly clear that it is useless. So he's not some typical boomer FUDster. This man is intelligent and you know it. He knows what he's talking about.
He gives an example of how he tried purchasing 10M worth of real estate using bitcoin but that the receiver expected a guarantee that the money being transferred using bitcoin would be successfully sent. So the SENDER had to take the risk of sending money through bitcoin and have to sign a contract to ensure that the SENDER is liable if the transaction goes wrong. Therefore, it's useless. Real life transactions worth that amount of much money simply will never scale this way with the sender having to set guarantees. In real life, the receiver has to be liable and have a guarantee for the success of a transfer.
Unironically Craig Wright has a much better vision of Bitcoin, understandably so since he is the one who created it. It's too bad that name has been hijacked by Core Cucks but they will soon realize this. He also says that you can't compare it to "digital gold" since gold was intrinsically valued for centuries and had many uses. Bitcoin was meant to be used as electronic cash anyways, and the fact remains that BTC isn't any better than any other crypto if it's meant to be "digital gold". "Digital gold" just means speculative trash that people try to market and sell to the next greatest fool. And sure, speculative trash makes you money...until interest peaks and the bubble pops.
The bubble for that trash popped in December at peak media and mainstream interest. There will never be a higher amount of interest than that time. Ever. Thus, never a higher price. Screencap this.
What kind of literal idiot can't copy and paste lmao
Aiden Young
Imagine taking the time to write all that
Sage
Also his only investment was $100 into everything on coinbase at the top of the previous bubble and lost it all and said it was stupid
Fuck off to r*ddit
Owen Long
BTC got 99 problems and that’s just one of them
Isaiah Russell
You're a dumbass. That wasn't the point. Watch the video again.
Adrian Anderson
I always liked Kevin's skepticism,
and he is right, as a currency it is completely useless. Too volatile, too slow, ect..
HOWEVER,
there is no greater store of value that will ever be created, which is the value it brings. You cannot replicate it like fiat currency. So for that it has immense value and Kevin is wrong.
Ian Rogers
Listening to jews
Kayden James
>Real life transactions worth that amount of much money simply will never scale this way with the sender having to set guarantees
if only we could have custodians that take care of this like with dollars. Jesus christ the absolute state of this fucking board.
Henry Bennett
Cool story but this guy made hia fortune as a TV show host and selling people overpriced ETFs. He's more of a salesman, than an economic genius.
Logan Carter
>He gives an example of how he tried purchasing 10M worth of real estate using bitcoin but that the receiver expected a guarantee that the money being transferred using bitcoin would be successfully sent. So the SENDER had to take the risk of sending money through bitcoin and have to sign a contract to ensure that the SENDER is liable if the transaction goes wrong. Therefore, it's useless. Real life transactions worth that amount of much money simply will never scale this way with the sender having to set guarantees. In real life, the receiver has to be liable and have a guarantee for the success of a transfer. yeah I'm sure we'll just never figure stuff like this out. definitely don't buy and wait.
