![Oof, deflation hurts [750x748 - 102KB]](https://pic8.co/sh/9FkOJ1.jpg){kind=link}
Bullshit, you aren't getting a shopping car chassis for only 20 bucks.
Bullshit, you aren't getting a shopping car chassis for only 20 bucks.
Inaccurate for 2030's Inflation side, only because of Jackson 20 instead of Joebama's 20 with that 1800's sheboon Tubman.
Inaccurate for 2030's Inflation side, only because of Jackson 20 instead of Joebama's 20 with that 1800's sheboon Tubman.
Toys don't count as food. What is that other money? Bitcoin? Are you trying to say TOTALLY IMAGINARY money is better than a fiat currency tied to a nation's GDP?
Toys don't count as food. What is that other money? Bitcoin? Are you trying to say TOTALLY IMAGINARY money is better than a fiat currency tied to a nation's GDP?
It's not tied to the nation's GDP. It's tied to the honesty of the Federal Reserve, which is none. Not even that. It's tied to consumer preference, as all currencies are, unless they are actually guaranteed to be exchangeable for something, which the US dollar isn't.
Right now bitcoin has growing consumer preference because it doesn't enable theft by the banks, and so its price grows.
It's not tied to the nation's GDP. It's tied to the honesty of the Federal Reserve, which is none. Not even that. It's tied to consumer preference, as all currencies are, unless they are actually guaranteed to be exchangeable for something, which the US dollar isn't.
Right now bitcoin has growing consumer preference because it doesn't enable theft by the banks, and so its price grows.
and you know this exactly how? Keep in mind what KNOWING means.
and you know this exactly how? Keep in mind what KNOWING means.
Yes
Yes
Bitcoin is as real as the internet.
It's a mined resource with a finite quantity and a finite rate of growth. Bitcoin users form the block chain of a completely decentralized system and those who invest in hardware and energy to mine blocks support the chain and are rewarded in bitcoin. The miners hardware completes complex mathematical operations as part of the system.
The miners can then hold or sell the resource they mined to users.
If the internet crashed, bitcoin would crash ya but so would the stock market, credit card companies, banks, everything.
So, bitcoin is real you just don't understand it. It's well liked because it has a consistent growth rate and governments can't just print more whenever they like.
Bitcoin is as real as the internet.
It's a mined resource with a finite quantity and a finite rate of growth. Bitcoin users form the block chain of a completely decentralized system and those who invest in hardware and energy to mine blocks support the chain and are rewarded in bitcoin. The miners hardware completes complex mathematical operations as part of the system.
The miners can then hold or sell the resource they mined to users.
If the internet crashed, bitcoin would crash ya but so would the stock market, credit card companies, banks, everything.
So, bitcoin is real you just don't understand it. It's well liked because it has a consistent growth rate and governments can't just print more whenever they like.
But it is a brand. And brands are subject to fads. Look at doge mooning recently. If it can rocket it can also plummet. It is essentially speculation with the believe you can take out more fiat than you put in. Not an onerous proposition but definitely risky. I'm not even opposed to cryptos, in principal they have some benefits but bitcoin is a bubble. It will be a bubble even if/when it hits $1M because it is based solely on brand sentiment. Its a good brand but a brand nonetheless.
Disclaimer: I am a salty no coiner who thinks wealth should be tied to productivity not speculating on brands
But it is a brand. And brands are subject to fads. Look at doge mooning recently. If it can rocket it can also plummet. It is essentially speculation with the believe you can take out more fiat than you put in. Not an onerous proposition but definitely risky. I'm not even opposed to cryptos, in principal they have some benefits but bitcoin is a bubble. It will be a bubble even if/when it hits $1M because it is based solely on brand sentiment. Its a good brand but a brand nonetheless.
Disclaimer: I am a salty no coiner who thinks wealth should be tied to productivity not speculating on brands
No it IS NOT. The internet is hardware and electricity. NONE of which Bitcoin is in CONTROL of AT ALL (survival). At best Bitcoin is classified as a parasite (any "website").
It is 100% imaginary, like a book never written about a dog that shoots guns expertly and robs banks.
No it IS NOT. The internet is hardware and electricity. NONE of which Bitcoin is in CONTROL of AT ALL (survival). At best Bitcoin is classified as a parasite (any "website").
It is 100% imaginary, like a book never written about a dog that shoots guns expertly and robs banks.
Bitcoin is hardware and electricity. Lol.
The internet moves data. Webpages filter data. Bitcoin is data.
Blockchain based cryptocurrency is not parasitic because to use it you become a part of it. Not the case with the Webpages you use and the phone you use and the apps you use.
Like I said before, just because you don't understand it doesn't mean it is what you think it is.
Bitcoin is hardware and electricity. Lol.
The internet moves data. Webpages filter data. Bitcoin is data.
Blockchain based cryptocurrency is not parasitic because to use it you become a part of it. Not the case with the Webpages you use and the phone you use and the apps you use.
Like I said before, just because you don't understand it doesn't mean it is what you think it is.
... Well it sure has done better than the national currencies lately so I agree with that statement. I trust math more than politicans
... Well it sure has done better than the national currencies lately so I agree with that statement. I trust math more than politicans
Math WANTS you to do that. Math doesn't know anything and is entirely inadequate at explaining everything in any significant way. You can study it every minute of your life and you won't be ANY closer to understanding everything.
We need NEW math. But it probably HATES us. because of you.
Math WANTS you to do that. Math doesn't know anything and is entirely inadequate at explaining everything in any significant way. You can study it every minute of your life and you won't be ANY closer to understanding everything.
We need NEW math. But it probably HATES us. because of you.
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