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Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store.

Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store. Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

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[–] • 2 pts

Tell me how private it is.

[–] • 1 pt

Lightening Network. Private, Instant, Cheap, Scalable. It solves bitcoins 4 biggest issues. It needs more time to mature, but its the future of money.

[–] • 3 pts

Is that before or after the encryption is broken?

[–] • 1 pt

Everything has a risk. You're not wrong, the encryption may well be broken at some point in the future.

And we may find asteroids of pure gold, mine them, and flood the gold market, making gold basically worthless.

And our fiat currency "may" be mismanaged so badly that is fails, like Zimbabwe, Venezuela, or the US Dollar.

Pointing out one potential issue with a product and completely dismissing it will lead you to make bad choices. You need to look at the available options and weigh the pros and cons - risk vs reward - of each product.

Bitcoin absolutely has risk, and bitcoin has crashed, but bitcoin is up 1 gazillion % over the last decade. USD is down 95% over the last hundred years. USD is stable and consistent - but its constant is slowly going to 0 because the people the control the money are stealing it all through inflation. They're doing it slowly so you don't catch on, like a frog in water that's heated slowly. I can't believe how many humans aren't smarter than a frog...

[–] • 2 pts

Third party intermediary when the promise is zero trust. Bitcoin has no future because it doesn't solve any problems.

[–] • 0 pt

The trust is in the Game Theory the design is built on. Its been working better than every alternative over the last decade.

[–] • 1 pt

Tell me how the government doesn't own, control and create the other money?

[–] • 2 pts

Whataboutism. Dollars have their own problems, that doesn't make bitcoin any less shit.

[–] • 1 pt

I'm not advocating for Bitcoin. I'm saying that shit you can buy and sell for profit is almost as good as pork futures you can buy and sell for a profit.

Only reason to be angry is if you bought high, and sold low, or treated it significantly different from gambling.

[–] • 1 pt

Cash exists... Give the power to issue currency back to congress.

[–] • 0 pt

Congress is the government just the same as the fed.

Also I'm not American so my mint is probably run different