![Oof, deflation hurts [750x748 - 102KB]](https://pic8.co/sh/9FkOJ1.jpg){kind=link}
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
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.
I NEVER said that. WHY are you lying?
Bitcoin is nothing. Data is data.
To USE it, it DEPENDS on electricity bills being PAID, electricity HARDWARE being operational, fat chicks making BILLS every month, and it has NO CONTROL over ANY of that (parasitic).
You never said that before. I said, in another time and place forgotten in the infinite universe, In quantum mechanics, if you DO NOT understand it, you PROBABLY understand it better than someone CLAIMING the DO understand it. You re referring to that perhaps? It's all imaginary now.
Silver stacker bros are pissed right now at crypto. Luckily I am both... Kek
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