Bitcoin Learning Material EDIT: AND NEWS!!!
- Thread starter cam_blev
- Start date
Kevin O'Leary once said he wouldn't invest in anything that didn't pay a dividend. Was he wrong then or is he wrong now?
Now substitute your concern about what is going to happen to the dollar and the motivation for purchasing bitcoin into your calculation like so...
Total number of dollars = worthless = 0
0 / Total supply of bitcoin = ?
this video is from 2 years ago, literally ******* countries have adopted it as legal tender since this came out
And O'leary was wrong then, he might be starting to figure it out a little tho. He is stilla ****** sleezy suit tho that thinks hes gonna change bitcoin so he can talk big investors to invest in the industry. He's a cuck begging for regulation. That's not the way this **** works tho.
You do know that O'leary gave a keynote at the Bitcoin Conference right?
Why else would I have asked the question? What notable improvements has bitcoin made to the countries that have adopted it? And when are you going to address the article? It seems like you don't know much about bitcoin. Here, I'll give you another chance to convince me. Type out a 1000 word essay on why I should own bitcoin and explain why it is not a speculative "investment."
I don't need to convince you. You will buy bitcoin at the price you deserve it.
but simply put Bitcoin isn't just a ponzi because it is a tool that actually does useful things
Here is someone that is much more intelligent than me explaining why bitcoin isn't a ponzi
If you'd rather listen instead of read you can find Lyn Alden talking about the article on youtube
But of course your not actually interested in learning anything at all
Here is someone that is much more intelligent than me explaining why bitcoin isn't a ponzi
If you'd rather listen instead of read you can find Lyn Alden talking about the article on youtube
But of course your not actually interested in learning anything at all
What useful things does bitcoin do? Why should I be interested in learning about it when the one telling me to buy it can't refute points made against it and doesn't seem to know much of anything about it? If you can't explain it, you don't understand it. If you don't understand it, why do you invest in it and try to get others to do the same? Are you sure your great, great, great, grandfather didn't go by the name Charles Ponzi?
It moves money across borders virtually free and instantly. As explained by Jack Mallers in his video presentation to the IMF.
It also is being used to reduce carbon emissions and turn a waste product into a revenue stream by running generators off of flare gas. As is being done by Exxon and many other oil companies out west in states like the Dakotas and Wyoming and Texas
I do understand it but if you are retarded or just disingenuous I don't have the time to hold your hand and explain it to you. I can answer questions but you have to learn **** for yourself you wont get bitcoin by asking someone else what it is. You will actually have to put in some work to learn for yourself.
No i dont invest to get others to do the same. I buy bitcoin and support the network by mining because I truly believe it will make the world a better place. And I try to get others to to buy because I believe it will materially make their individual lives better
You sound like you really believe all that. There are many possible outcomes but good luck.
Fine, If people have to look it up and research it themselves (which I am in completelte agreement with, BTW), why are you repeatedly posting this **** all over these boards? LEt them look it up and do the research themselves. It seems like you are trying to convince people to get involved in this ****, then use a cop out excuse like "research it yourself" when asked the tough questions.
Maybe this isn't the case but you come across as a race-baiter type, but for Bitcoin instead.
On a differrent note, I admittedly, don't know **** about any crypto/Bitcoin/etc and am not interested in the technical ****. But how is it regulated from the standpoint that if I buy bitcoin from you and you don't give me what I paid for or took it back after the transaction\, how do I enforce our agreement? I literally know nothing about this and am not interested enough to research it, I am just wondering about the fraud and theft protections in place. The legal side interests me but I am certain I will never accept any of this as payment until I have to.
(PS. Please don't post a video to explain this---I won't watch it.)
Like I said I am more than happy to answer any questions and share my ideas and thoughts. But if i answer them and someone keeps asking the same questions and obviously has put 0 effort into trying to understand the things they have been asking or criticizing for years then its just a little different
As for your questions it would all depend on who you where buying from and I don't see it working any differently than our current system. If you go through a centralized exchange you are basically dealing with a bank and you would sue them, directly from peer to peer lie a cash transaction i would say you see the btc hit your wallet before you give them cash.
Then you have the aspect that makes makes bitcoin better than cash, this can be done through an internet protocol and it can be designed that that cannot happen. You basically can program the money to say if x amount of bitcoin is sent here, then sent dollars to the person that sent the btc, if step one doesn't happen step 2 doesn't happen.
Thh part that people see as an issue and are having a harder time accepting is when you are paying in btc. This is because your payment is final it cannot be reversed. So nomore "somebody took my credit card reverse those transactions", but if you secure your private keys this can't really happen anyway.
Most new technologies are known to have an adoption pattern of, gradually then suddenly
Particularly Networks with network affects like exponential value being added per user
It really feels like we are getting toward the end of the gradually part. The global financial system is crumbling due to so much debt being in the system with lockdowns and now energy crisis being the catalyst. Energy producers are starting to recognize their advantage, most developing countries will have food shortages and riots, countries know their money can be immediately stolen if they use any currency that another country has control of, even banks are starting to see why it is useful and want a piece.
Bitcoin will be a big topic in the next election!
Particularly Networks with network affects like exponential value being added per user
It really feels like we are getting toward the end of the gradually part. The global financial system is crumbling due to so much debt being in the system with lockdowns and now energy crisis being the catalyst. Energy producers are starting to recognize their advantage, most developing countries will have food shortages and riots, countries know their money can be immediately stolen if they use any currency that another country has control of, even banks are starting to see why it is useful and want a piece.
Bitcoin will be a big topic in the next election!
So what if there are only 21 million? Do a hard fork and make more. How many other coins are out there now or could be made in the future to be just as "scarce"? I don't think you understand that your "investment" relies solely upon the greater fool theory.
if you were to hardfork, that new chain wont have the security of the hash power of the BTC network and it will go to 0 just like BCH and BSV.
I will keep giving this advice, stop thinking of BTC in with other shitcoins... THEY ARE NOT THE SAME!
There have been multiple forks of BTC chain and thousands of other shitcoins created. There still will never be more than 21M BTC. No-one controls this network, no-one can just make new BTC, no-one can stop anyone else from making payments to another node.
Posts like this won't age well. Heavy BTC propaganda. I just hope crypto neophytes view your posts for amusement only like I do. There are many good crypto projects out there that actually have use cases and are much better investments.
Bitcoin is crypto and it's an investment. Call it whatever else you want and yes, invest in crypto to avoid inflation. I do agree with you that there are better crypto investments than BTC.
I fully understand what's going on and I've heard all the bitcoin maxi talk. Anyone who uses the term shitcoin is in denial about 99% of the crypto space. You only compare investing in bitcoin to investing in fiat which is a great way to keep the bar low. I don't see you comparing BTC to other cryptos. BTC and ETH need to enjoy their moment in the sun because when the free pass is over and regulatory clarity arrives then true competition begins. Need that level playing field. Better, greener tech will win the day.
Good! State operated bitcoin wallet is dumb. And as far as use it will continue to grow cant expect people to adopt a new technology over night it will take time for them to get educated on it.
El Salvador was just the first domino!
In other news:
The education they're getting might not be the one you want them to have.
Currency has to work 100% of the time, and El Salvador’s bitcoin experiment doesn’t, says NBC’s Schwartz