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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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[–] • 0 pt

Just because you exploit it similarly does not make it the same thing.

[–] • 3 pts

Sorry you feel that way. All stores of value, subject to ups and downs. Literally all the same in any way that matters. That's how arbitrage works. The Dutch tulips craze is borderline perfect comparison for Bitcoin. Completely valueless. Until enough people change their mind. Then it's a roaring trade. Until people change their minds again.

[–] • 2 pts

So you agree they are buttfucking each other for profit. fine.

[–] • 0 pt

Of course. The people who run things would never allow Bitcoin to be used effectively by the citizenry if they couldn't control and tax it. So it'll either get compromised, devalued, or otherwise stopped. Just like the Dutch tulips stopped being worth more than a house for a flower.

But until then it's treated the same as pork futures, or sliver holdings in terms of being able to buy and sell it, in hopes of profit.