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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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[–] • 6 pts

The absurdity of investing in something that's only value lies in everyone finding a bigger idiot than themselves to buy it for more than they spent...for a really long string of characters. I just can't believe it's a thing.

[–] • 5 pts

It's value lies in the amount of energy it took to mine, just like gold.

[–] • 3 pts

It takes a lot of energy to smash a stick into splinters on a rock. It's not the effort that adds value, it is the product.

[–] • 1 pt

A censorship resistant bank that you can control yourself. A network that doesn't discriminate based on political or geographic locations.

There's a reason bitcoin went from fractions of a cent to tens of thousands of dollars. Just because you refuse to acknowledge the product doesn't mean it doesn't exist.

[–] • 0 pt

Ok so what can you do with gold?

[–] • 2 pts

except for the part you actually get the gold in the end

[–] • 1 pt

There's gold in the graphics cards that mine the bitcoin.

[–] • 0 pt

It sits in banks and vaults, where the kikes steal it and print IOU cards and promise to give you that gold one day.

[–] • 1 pt

Only difference is one has something to show for the work.

[–] • 0 pt

All the real estate and hardware purchased and the market manipulation on graphics cards not something tangible bitcoin has to show for it's work?

[–] • 2 pts

Read history. This is Dutch tulips l, with the added benefit of not being a flower.

Or Twitter stock

Or bre x stock.

It's a thing to buy low and sell high. Or whine about doing it backwards.

[–] • 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

I agree, but enough about the US dollar.

[–] • 0 pt

Dude, that is the best bitcoin/crypto breakdown i have ever read. Very well stated.