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148

Alright you faggots, I'm not saying cypto isn't the future, but I am saying Bitcoin is gay.

Even if you think it's worth 40k a coin, the people who started this pyramid scheme up have fucktonnes of coins more than you for doing nothing more than starting the ball rolling.

If a crypto required you to hand over gold for a unit in that currency before it was created then that is the day I join crypto, because then it's actually backed by something solid.

Gold backed crypto or nothing. Get your fiat bullshit out of my face.

Alright you faggots, I'm not saying cypto isn't the future, but I am saying Bitcoin is gay. Even if you think it's worth 40k a coin, the people who started this pyramid scheme up have fucktonnes of coins more than you for doing nothing more than starting the ball rolling. If a crypto required you to hand over gold for a unit in that currency before it was created then that is the day I join crypto, because then it's actually backed by something solid. Gold backed crypto or nothing. Get your fiat bullshit out of my face.

(post is archived)

[–] [deleted] • 1 pt

I concur. The whole Bitcoin mechanism is demented.

It's an obvious ponzi scheme controlled by banks.

[–] • 0 pt

It might not have started like that but the idea that the currency becomes rarer as more people mine for it is literally a pyramid scheme.

All the banks need to do is print a bunch of fluff and buy it out, making it useless overnight.

[–] • 0 pt

Mark of the Beast technology.

People will desire their chains. Even demand them.

[–] • 0 pt

Bitcoin was taken over in 2015 by blockstream funded by AXA. It was intentionally crippled to hinder adoption.

The current pump, and the Xmas 2017 pump were both enacted using tether. It's a ponzi and money laundering enterprise rolled into one. Only deadshits still hold BTC.

All the OG bitcoin users (& likely the actual creator) who wanted to change the world, and kill fiat, are building on Bitcoin SV. Bitcoin SV transfers absolutely, instantly and for literally almost free. Its blocksize can already handle transaction throughput rivalling Mastercard and Visa.

On top of P2P cash outside central bankings hands massive block sizes enables use cases that still have not been thought of. Only one crypto is doing this, BSV.

If you believe something else you're either bias (cause hodling) or have been manipulated by someone who gains from shitcoins rise in value.

[–] • 0 pt (edited )

Don’t call us faggots faggot! Behave with respect if you want to be listened to. Aren’t you that chinc Mong that I had a clash with recently. When will you learn respect?

Don’t say “gay” as its true meaning is just “carefree” (Don’t support or empower faggots with other false meanings).

If you meant “homosexual”, I agree all the way! That’s why I never come near anything bitcoin or crypto with a 10 foot pole. They’re elitism at its worst. I respect the common untechnological man and don’t think anyone should be required to have computer skills to pay money.

Gold money sounds fantastic. Bring back the Gold please! Make all online transactions simply promises for transferring actual gold. We don’t want Jew paper money anymore.

Godspeed.

[–] • -1 pt

If a crypto required you to hand over gold for a unit in that currency before it was created then that is the day I join crypto, because then it's actually backed by something solid.

Yeah, no. The problem with this idea is that whatever is backing that crypto can be stolen or seized, or more currency can be issued without being properly backed. And then you're left with a new unrestricted fiat currency, remaining rare at best and inflated to nothing at worst.

Even though there's a huge amount of coins that have never entered the system, note that the big users do keep that in mind when they count their value. Many may be lost forever, it's impossible to tell. And there's a limit to the risk involved in that, whereas a fiat currency can be expanded forever.

[–] • 0 pt

whatever is backing that crypto can be stolen or seized

Eh so like everything, anywhere, since time began.

or more currency can be issued without being properly backed.

What part of you physically have to hand over gold to create the currency was that hard to understand.

You sound like a fucking jew that's scared of having a currency backed by gold, even as a thought experiment you couldn't even control yourself.

[–] • 1 pt

In any case, it means you have to trust the entity that's holding the metal for you, and you have to trust it's able to defend it. I can't think of any entities worthy of such trust. People trusted the US government for that, and look what happened.

[–] • 1 pt

If you can't trust them to hold a metal why in the hell would you trust them to hold anything else.

If banks literally just went back to the gold standard it would fix a multitude of problems coming over the horizon, but they can't.

The only way to be sensible is to hold your own metal, in your own safe, and trade small amounts into whatever fiat system is trendy at the time to quickly swap out for goods you need.

That's the only way your wealth is saved these days.

I would never recommend going all in with gold on a crypto like I'm suggesting, but small amounts switched so that you can buy something, and the recipient can switch it back out (because there's physical metal held, to go back into their own safe) is much better than whatever bullshit bitcoin is doing.