₿ sucks

I just realized something. Bitcoin is literally worthless. Hear me out.

Yesterday I was arguing that Bitcoin is a failed digital currency, and then people were saying it’s not a currency it’s a store of value. That’s when I responded that store of value is a characteristic of an asset, not the defining feature. And it got me thinking about gold.

People immediately assume Bitcoin can succeed as a digital gold. But there’s a lot of things that separate Bitcoin and gold.

Gold isn’t *just* a store of value. It was used for thousands of years as a currency. It was liquid, widely accepted, and valued by everyone. Even nowadays it’s used in art, as a status symbol, and is integral to modern day electronics. None of this is true for Bitcoin.

Think about it. Sure Bitcoin is scare. But does that really mean *anything* in the digital world where everything is infinitely replicable? Imagine if we had the ability to make an infinite amount of metal that all worked and looked exactly the same. Do you really think gold would continue to be worth anything? No, of course not.

Being rare isn’t enough to make a digital asset worth anything. It must also have utility, which is the same thing that gives USD it’s value.

The ONLY thing that keeps Bitcoin up is that people are willing to pay that much for it. However, when crypto and blockchain starts getting taken more seriously and becomes more mainstream, I think people are going to realize this and jump ship into things that actually provide value.

Steve Jobs said in this day and age tech becomes obsolete after ten years. Bitcoin is no different. There are dozens of projects that do everything Bitcoin does but better. The only thing Bitcoin has going for it is a head start. But like I said, over time it will fall to other projects.

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What makes btc valuable isn't just scarcity
It's the network. It's fucking secure. Virtually unbreakable.

You mean the network that they were going to roll back to recover the $30m in stolen bitcoin?

>pic
The guy literally doesn't understand how google search works and permanently embarrassed himself. You use double quotes to get the number of mentions.

>bitcoin is worthless because gold was proven to work before
>I don't have the foresight to understand what the technology behind bitcoin implicates

/thread

you're going to look back on this post and want to unironically kys in 10 years.

They can't roll back a network that they don't control in majority. It was fud

>they
Who the fuck is they? (((they))) the glowniggers?

>BITCOIN ISNT A CURRENCY ITS A STORE OF VALUE!
>*loses half its value every other day*

depends who you are, it can be the white man, the jews, the pajeets. It depends what monsters you create in your head to justify your ignorance (faith)

Nonwhites aren't human, my friend.

>the network that they were going to roll back
literally the only real immutable chain out there
cz is not a techie and he was just asking out of curiosity, everybody literally told him it was impossible

53 days, faggot

>INVESTING IN BITCOIN IS DANGEROUS
>8/10 green yearly candles

10.5 years and you could have lost money only buying it in 52 days
it’s almost half of the ATH
imagine being this retard in 2019

Have sex for once, then reassess.

Go fuck a goat

>M-muh use in electronics!
34% of usage is in electronics and the remaining 66% is all useless garbage

>Gold is liquid
Yeah if you consider having to break it up into multiple copper and silver pieces when you buy a small item. Imagine having to change your gold for smaller silver pieces and carrying those around all day.
>ding ding ding ding ding ding

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Imagine buying bitcoin you cucks

Also Bitcoin it the very least, more valuable than cash, it beats gold in ~ 300 days.