Tell me why does this Ponzi scheme still exist? It's been 10 years, 4 times it were dying but still. It has no intrinsic value, literally nobody big uses it, not even drug markets. The only purpose of these coins is to buy low sell high. Why won't it die?
Tell me why does this Ponzi scheme still exist? It's been 10 years, 4 times it were dying but still...
Gabriel Rivera
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Jeremiah Bennett
one or more of your assumptions are wrong, re-evaluate
Dominic Cox
Which one?
Josiah Baker
I literally made 300k out of it last year jan.
Joshua Peterson
It's a decentralized Ponzi scheme. With no central organization, it makes it invulnerable to laws directed against such schemes. As long as people keep believing in it, it will repeat the bull/bear cycle indefinitely. Satoshi is a genius.
Asher Walker
>transactions ATH
>volume ATH
>Hash ATH
>nobody uses
user I...
John Sanders
Its just something for people to gamble on, if you think in your head GAMBLING every time you read cryptocurrency then it makes alot more sense.We may as well be gambling on pokemon cards, rocks etc.Just so happens its something called cryptocurrency.Gambling is as old as time.
Elijah Walker
>It's been 10 years, 4 times it were dying but still. It has no intrinsic value, literally nobody big uses it, not even drug markets. The only purpose of these coins is to buy low sell high
*super nervous voice*
Christopher Perez
>ponzi
>dying
>no instrinsic value
>The only purpose of these coins is to buy low sell high
BTC REPLACES CENTRAL BANKS POWER TO INFLATE MONEY VALUE YOU FUCKING FAGGOT.
THAT'S ALL FED AND ECB CARES ABOUT.
YOU REMOVE THEIR POWER, YOU MAKE THEM USELESS.
10 years and still you did not get it?
Luis Hill
It's a new technology that's just being adopted.
Ian Flores
False. Gambling you don’t hold an underlying asset there’s nothing left if you lose, and the house has a statistical advantage. None of that relates to crypto unless you spend it that way (like you can gamble away anything technically)
Zachary Ward
>Its just something for people to gamble on
NONONONONO, HOW PEOPLE CAN BE SO MONGOLOID?
who has the highest chance to survive?
euro or btc?
Julian Bell
>can't prove these transactions are not made by bots
Nice avatar pic.
Josiah Powell
that any of those reasons should make it die
Jose Rodriguez
Lets be honest, most alt coins will go to zero or near, and people always hodl thinking it will reverse til the coin is worthless.I stand by my point its gambling.
Mason Hill
>house has a statistical advantage
80% of the BTC supply is owned by a few whales. They are the "house" and can manipulate the market at will. There's nothing left if the whales decide to exit the market completely.
Andrew Harris
>Hmm my observations don't support my thesis.
>Is my thesis wrong?
>No, it's the crypto users that are wrong!
take your meds and go to bed grandpa
James Roberts
Quit being a bitch and just buy a coin dude. At this point any investment portfolio that doesn't include a percentage of Bitcoin is financially irresponsible. Your weak fud is no excuse, you need to expose yourself to crypto risk reward.
Nathan King
>literally has zero proof
I wonder why your family has been poor for generations?
Dominic Jones
>no specific answer
Guess you're just frustrated your precious scam money is gonna die soon.
Nolan Miller
bitcoin is the only true crypto
shitcoins like sv need not apply
Christopher Cox
it's really retarded to call an asset a ponzi user
don't be a retard! ponzi is a confidence scam.
Jose Mitchell
>le poor may may
Nice try, kid, but your reverse psychology shilling won't work on me.
Alexander Rivera
its a ponzi and a gamble....thats why it's not dead.
answer given, thread can be closed. thanks
Henry Collins
This is a perfect specimen of what a normie's brain at the start of a FOMO cycle looks like.
BSV is the best form of bitcoin among the big three. Deal with it.
Connor Martin
>It has no intrinsic value
It has historical value.
Ancient coins go for a lot of money.
Owning the first cryptocurrency in history will be worth more and more as time passes. Its value only increases with time.
Camden Evans
>80% of the BTC supply is owned by a few whales
Meh. Let's say 8% and it's enough to manipulate the whole market. Bullshit money.
Jayden Adams
the denial is magnificent but cognitive dissonance is a bitch
William Turner
Did Warren Buffet invest in this useless shit? No? And you think you're better than him right?
Elijah Peterson
The ratio is even worse for fiat, what's your point?
Blake Allen
>gets government to bailout all his companies
"greatest investor ever"
Easton Roberts
warren buffet got rich by making the safest bets ever in shit like insurance and by his own admission missed many opportunities in tech because he's got an old fashioned mindset
Logan Hill
>BSV is the best form of bitcoin among the big three.
1 by definition it's not bitcoin but an altcoin that got utxo airdropped on bch which got utxo airdropped on btc.
2 it's not in any way or form best of anyting.
3 the idea of storing weather data and other irrelevant shit like chatlogs and porn on blockchain is retarded.
Jackson Cruz
>>gets government to do something for you
This is called power.
Jeremiah Miller
>fraud and lying are virtues
hi rabbi, whatcha doin?
Lucas White
Most of the money isn't in fiat, but in various assets. The circulating supply of USD is large enough that it's less vulnerable to manipulation. There are also numerous laws against price manipulation. On the other hand, BTC can easily be manipulated to due to the low circulating supply. The reason the circulating supply is low is because there's no reason to use BTC except for gambling and doing illegal activities.
Zachary King
>>BTC REPLACES CENTRAL BANKS POWER TO INFLATE MONEY VALUE YOU FUCKING FAGGOT.
>THAT'S ALL FED AND ECB CARES ABOUT.
>YOU REMOVE THEIR POWER, YOU MAKE THEM USELESS.
>10 years and still you did not get it?
isn't BTC far more inflationary than the dollar for the next 100 years?
Dominic Flores
wow...
2020 is going to surprise lots of tards.
Owen James
Imagine being as retarded as OP. Just imagine.
Nathan Mitchell
That isn't an answer to my question, which has an objective mathematical answer.
Ayden Evans
I mean I do agree with you about BTC being the future, but you can't just use denial as a defense mechanism when people ask legitimate questions with objective answers.
Jose James
Bitcoin rises exponentially because fiat is rapidly becoming worthless, bitcoin doesn't rise in value, fiat is just becoming worthless in comparison
Brandon Bennett
2020=(6.25*6*24*365)/19000000=1.7%
2024=(3.12*6*24*365)/19000000=0.8%
Michael Cox
I guess I learned that factoid in 2013 and never updated it with all the halvenings
Samuel Mitchell
what drug markets are you on loser its usd everywhere . it does more daily volume than fucking visa
Nolan Rogers
God you sound like a faggot
Easton Bell
That isn't true at all yet, that would imply that fiat has lost half it's value since January 2019
It might be true in ten years
Zachary Ross
It's a Store of Value
It's a Currency
It's a Bank
Soon it'll be an Exchange too
Blake Collins
either you forgot a comma or you're acknowledging my divinity
Alexander King
>isn't BTC far more inflationary than the dollar for the next 100 years?
inflation is relative the actual money supply can be the smallest component, the velocity of money and demand are actually more important in determining price changes (what we call inflation). if you get new btc at a lower rate as demand grows it will behave deflationary. not to mention it gets more expensive to get new btc as time goes on.
Nathaniel Rogers
The real economic work around this is using stock-to-flow modelling. (Amount new supply vs existing stock).
Currently BTC S2F ratio is 28:1 (that is stock is 28x larger than new flow)
Gold is currently about 58:1
After 2020 halving BTC gets SF ratio of 56:1 (matches gold)
After 2024 we are in uncharted territory as BTC's stock-to-flow will go higher than any other recorded asset.
By 2032 we are talking about S2F ratio of 224:1 (probably higher because of lost coins).
Christopher Bell
Thank you for the very thorough answer.
Robert Bennett
>not even drug markets
$1 Billion was transacted on the dark net in the first half of this year
Bentley Howard
you didn't explain your chain of reasoning yet, i can't explain what's wrong with it until you tell us why you think those factors should matter
Alexander Evans
>BTC
>inflationary
twitter.com
don't tell us you did not see it coming...
John Harris
I've been holding bitcoin since 2011 and my coins are on the BSV chain, which starts with the genesis block and uses SHA256 mining. That makes it bitcoin in my book.
Let me guess, you're one of those retarded core maximalists that thinks a chain with an artificially imposed blocksize limit and culture of social media-based governance is the best. If that's the case, enjoy poverty.
Nathaniel Murphy
bsv will win, i think the same. tremendous
Blake Sanchez
so you hold on both btc and bsv chains?
Adam Gutierrez
good joke sv was never bitcoin and never will be.
Hudson Jones
your shitcoin is going to implode faggot poo shill
blog.wizsec.jp
Juan Cruz
Current BTC inflation rate is around 3.8% which is higher than the nominal USD inflation rate. However that rate is severely underestimated and should be ~5-10%. BTC inflation rate in May 2020 will cut in half to about 1.4% which is less than the FED target rate. In 2024 it cut in half again to 0.7%, and half again every 4 years.
Brandon Gomez
>culture of social media-based governance
as opposed to the governance model of sv? where calvin sits on 3 times the total hashpower of the entire chain not that anyone can use anything nchain didn't approve... oh boy sv looks ugly no matter what light you try on it.
Grayson Harris
>Plaintiff's forensics expert has extracted embedded font metadata from the PDF. It shows an embedded copy of the "Calibri" font, with a copyright notice dated 2015. (The document claims to have been created and signed in 2012.)
kek craig confirmed to be a time traveler once again this is like the 11th confirmation.
Jeremiah Powell
>Wright claims that he has invented a hierarchical encryption scheme
ahahahahah this is just oh god! i'm dying here.
Christopher Howard
Lol he doesn't respond to this. Truly a Jew.
Carson Sullivan
Ahem. 0xBitcoin is the best.
Jordan Stewart
that stupid image again that seem to mean nothing. explain to me what im looking at. do you even know what that image is supposed to mean?
Dylan Nguyen
lmao
you're defeating your own argument
who the fuck cares if it's a person or AI?
>I'm gonna stick to the FIAT scam, cause there's no AI operating it
you are literally a low IQ inbred retard
Henry Thomas
You can gamble with BTC on betting sites. It works great.
Josiah Young
it means that the archives picked up craigs supposed blogpost from supposedly 2009 in 2014 first while an other post actually posted in 2011 was picked up next day...
he edited and backdated his blog trying to make it look like he was involved in bitcoin he did this in 2014. fortunately web archives got it all documented.
Juan Allen
what you're saying is that craig posted something 2009 and it got archived in 2014. so? archive.today don't crawl the web, you have to manually archive web pages. nobody archived that page until 2014, doesn't mean it wasn't written in 2009.
Joshua Thompson
>what you're saying is that craig posted something 2009 and it got archived in 2014. so?
that shit never happened to any of his other blogposts. everything actually posted back then got crawled the next day. just not the ones where he is involved in bitcoin... heh are you fucking kidding me?
Lucas Sanders
archive.today doesn't crawl websites, people need to post URLs and archive stuff manually. sure it's weird that 2011 blog post was archived in 2011 but it still doesn't actually prove that the 2009 blog post wasn't already in existence in 2009.
the image isn't proof of anything, at most it shows something weird. and the image should really have text explaining what the hell people are supposed to take away from it, most will just look at it, see those red circles, don't get it and close it.
Leo Stewart
the blog was if you take a look actually picked up by web.archive.org
Benjamin Williams
well you're not making your case with links, are you? the image is what we are discussing, how stupid that image is. near worthless, even.
Adrian Ward
Eventually a crypto flaw will be discovered and it will die a permanent death.
Daniel White
are you dropped on your head? find the blogs in question on the previous saves!
web.archive.org
web.archive.org
Connor Jenkins
the main point of the "stupid image" is the "no previous version" part... when the site was archived fully multiple times till 2014 them mysteriously appearing suddenly will not raise an eyebrow only if you are a total brainlet.