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Re: What the hell is (a) bitcoin?

Posted: December 13 21, 3:02 am
by Superorganism
Man searches landfill for $350m in Bitcoin.

Re: What the hell is (a) bitcoin?

Posted: December 13 21, 5:56 am
by Joe Shlabotnik
21st century, meet tulips.
Tulips, 21st century.
I think y'all have a lot in common.

Re: What the hell is (a) bitcoin?

Posted: December 13 21, 10:13 am
by GeddyWrox

Re: What the hell is (a) bitcoin?

Posted: December 30 21, 9:46 am
by MrCrowesGarden
Guy lost all of his expensive and somehow worthless virtual receipts of [expletive] drawings of apes

Re: What the hell is (a) bitcoin?

Posted: December 30 21, 10:08 am
by Superorganism
That’s too bad. LOL!

Re: What the hell is (a) bitcoin?

Posted: December 30 21, 11:50 pm
by AdmiralKird
GeddyWrox wrote:
December 13 21, 10:13 am
>Here are all the ways Bitcoin is environmentally bad.<

"Bitcoin is a new transformative digital asset, and we have to support that."

What.

Re: What the hell is (a) bitcoin?

Posted: December 31 21, 12:01 am
by CardsofSTL
I still like cash.

Image

Re: What the hell is (a) bitcoin?

Posted: December 31 21, 12:00 pm
by Leroy
Yeah, seriously. Trying to make it rain with crypto just looks dumb.

Re: What the hell is (a) bitcoin?

Posted: December 31 21, 12:09 pm
by AdmiralKird
For cryptocurrency to have any real utility, the volatility needs to cool off. If that were to happen, there would be little reason for the public to speculate on cryptocurrency prices, given that there would no longer be the potential for massive returns. The smart money exits, the liquidity disappears and the bubble collapses. This is the inevitable fate of all cryptocurrencies, and we see this reflected in the simple fact that the median return on all these thousands of flash-in-the-pan coins is zero. Every crypto coin is just on a random walk to zero by a different path.
https://www.stephendiehl.com/blog/against-crypto.html

Re: What the hell is (a) bitcoin?

Posted: January 3 22, 12:31 pm
by G. Keenan
AdmiralKird wrote:
December 31 21, 12:09 pm
For cryptocurrency to have any real utility, the volatility needs to cool off. If that were to happen, there would be little reason for the public to speculate on cryptocurrency prices, given that there would no longer be the potential for massive returns. The smart money exits, the liquidity disappears and the bubble collapses. This is the inevitable fate of all cryptocurrencies, and we see this reflected in the simple fact that the median return on all these thousands of flash-in-the-pan coins is zero. Every crypto coin is just on a random walk to zero by a different path.
https://www.stephendiehl.com/blog/against-crypto.html
Great read, thanks for sharing. @Superorganism you should share this with your brother.