This is some 2012 logic right there
It's not about bitcoin at all. It's about cryptography. Anything can be made scarce and unique. That alone does not mean it has to be valuable. Bitcoin is full of hope of a better life in the future. Well guess what kid? Everyone cannot make it. Life is a zero sum game. Bitcoin is just a tool to extract wealth and move it around. Ride it if you want, but start thinking about an exit strategy. This won't be around in 10 years.
Moonshot or scam?
Brandon Martinez
William Scott
>It's not about bitcoin at all. It's about cryptography.
wrong it's about consensus. bitcoin is consensus on many many levels. tech is a lot less important than that. and yes just because something is scarce it doesn't make it valuable. my canned shits are very rare.
William Moore
>Everyone cannot make it.
that's true for assets not growing exponentially in value. in case of bitcoin the limiting factor is scarcity. if everyone wanted 1 bitcoin they couldn't get it. if every millionaire on earth wanted 1 bitcoin there wouldn't be enough.
David Smith
What will make a millionaire want 1 bitcoin when he literally "makes it" every single day with his real estate, dividends, tax breaks and bonuses? Do you see anyone with more than 100k in their bank account actually buy this? No. The only people buying are losers who hope they will be millionaires one day. Never going to fucking happen. They will never LET it happen.
Imagine bitcoin sitting at 1 million dollars. Who the fuck wants to buy that? By that time nobody is mining it any more because difficulty is too insanely high. Eventually all btc will be mined. Then what? You are sitting on a worthless asset that you can't even move as the chain has come to a fucking halt
Jason Gomez
>Do you see anyone with more than 100k in their bank account actually buy this?
me and people i know. it's not like this is the thing we put everything on but 5-10% in bitcoin can double your yearly gains easily and can 10x them in a bull run.
Anthony Lee
like i said these argument are plebbit tier, and have been touted around as bitcoin went from 10 cents to 10 thousand dollars. every time it take s little dump only to go 2x or 10x higher in a year these people are banging their chest that "i told you it was a scam" but here is the thing bitcoin has more obituaries than adopters. and it's sitting at $10000 when 3 years ago you could have bought it for $100. and this shit just keeps on repeating. you are right not everyone can make it because 99.9% of the people on earth are too afraid have too weak hands.
Nathaniel Young
500 usd btc investor confirmed
Plebbit is all you can come up with? Tell me genius how will btc operate once it is all mined?
Henry Carter
isn't that exactly the same question for USD and basically all forms of currency?
Noah Martin
more like a couple of grands nibba
>Tell me genius how will btc operate once it is all mined?
yeah i really don't care what happens 100 years in the future. either they increase the block size or bitcoin will die eventually. but not in the next decade not before it hits $1mil. we are very far from any emergency.
Eli Adams
Miners will be shut down at most 10 years if not sooner by governments in order to stall global warming. There is no way to stop it any more, stalling is all that's left. This will happen around the time when all gasoline based cars also get banned. Nobody will be allowed to mine btc, you will need special permissions if your household uses more than allocated quota of electricity. There will be random audits to your home. By then POS coins are the only things still alive