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The Bitcoin Universe Explained
As evidenced by the Greek, Chinese, and now Argentine 'jumps', the world remains increasingly aware of the inevitable worth of fiat currencies and fears the desperate acts of governments as the react to that reality (and is looking for alternatives).
This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.
Courtesy of: Visual Capitalist
So from miners to merchants, the Bitcoin universe continues to expand dramatically as we noted previously, "There are more people in the world who need a currency they can trust, than there are people in the world who can trust their currency."
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This is great.. an overview of what the fuck Bitcoin is and the connections involved.. Great thanks. Still not a huge fan, but this helps. Looks like there is some room for consoladation, seems like lots of hands in the cookie jar at this point... maybe?
Same scheme. Different package. Same problem >> http://wp.me/p4OZ4v-2GY
HOLY MUCKING INVERTED LOVE OF CYBERCHRIST IT'S MOAR BITCOIN ON ZEROHEDGE!!!
c'mon you gatta love the graphics,,
and go get a wooden tally stick if you want real value.
https://en.wikipedia.org/wiki/Tally_stick
That's exactly what Bitcoin is actually.... a global tally stick where everyone on Earth has the same copy.
yep.. no third party liability..
trustless.. hashed... definite.. limited supply.. proof of work..
...sounds like real currency to me, unlike the infinetly printable FRN.,
Bitcoin has already won. Not here to win any friends or change any minds. Bitcoin is only 6 years old and owned by nobody and it's still teh world's most powerful currency. The best option for you still in denial is go pick up the last pre-Bitcoin calendar from 2007 and hang it on teh wall in your cave and keep singing la-la-la-la-la-la......
And the US shadow gov't...
Which is accountable to no one...
And does all sorts of illegal cyber stuff...
Continues to smile and lay in wait...
For all the bitcoin fools...
Reeling them in like fish...
What exactly are they going to do? Ban math? This is exactly teh type of attitude that makes so many of you such a joke though... you think that these people have any real power? They do not.
"you think that these people have any real power? They do not."
It's really very simple... they control the internet... which you bitcoinheads need for survival.
And if you think they do not control the internet...Then that's just what they want you to believe...
Wise up... Learn how the REAL world works.
No "they" do not control the internet and if they did they would have already shut it down or heavily restricted it. Why don't "they" just tell every nation to tell every ISP inside all of those nations to tear down all of their BGP routes? I mean it's really that simple.... right?? The reason "they" don't is because "they" rely on teh internet just as much as Bitcoiners do.
"and if they did"
Having some doubts?...
Actually, they're no where ready to take all you bitcoinheader's money just yet...
No, they're very patient and willing to lay in wait and let the bitcoin mania increase...
In fact, they're actively stoking the mania behind the scenes surrepticiously...
It will mean MUCH more money for them in the end.
For teh record we believe that teh Satoshi hoard may already be in the hands of TPTB. Doubtful they do not know who he is as he was communicating openly with Gavin and others. But if that's the case, go to an altcoin. Big deal...
Do you have an issue with the word "the"?
Teh we can spell things how we want. Don't tread on we.
sounds like humpty dumpty to me.
http://www.fecundity.com/pmagnus/humpty.html
next stop grunts and sticks.
Buy gold.
Stop....you're done.
I'd rather own gold & silver before basing my illusions and dreams on some electricity impulses.
A simple power failure will make them all go poof. Then you'll be left with this choice only:
http://goo.gl/3G3r6i
bitcoin, gold, silver - all responses to the money-changers total consolidation of power.
But look at the graphic - merchants, fortune 100's using bitcoin as payment.. And Gold and Silver with 1000's of years of history as legitimate money remain supressed with electronic shorts? And now all of the new crypto-currencies coming on scene, you're telling me bitcoin will remain the only viable crypto currency?
Hey, I wish I got in on the bitcoin scheme early on, but the fact that PM's remain artificially suppressed, while bitcoin surges (albeit with wide swings) suggests that TPTB have made a decision to allow it. Why? (and don't say "they can't control it." They could cry "terrorist" and ban any site that offers a bitcoin payment option - certainly Microsoft, dell and DirectTV have insiders on the board)
keep your crypto's, im sticking with PM's
besides, couldn't you hyperinflate this via division? (i.e. .000000000000000003724132 bitcoins, once worth one dollar in the electronic wallets of hundreds of millions of smarmy, insipid and trite pseudo-technocrats all comes washing up for payment would render it worthless in what it is and always has been used in exchange for - fiat currency)
50% of Bitcoins are owned by less than 1000 people. And only 350,000 people own more than 1 Bitcoin. After almost 7 years. It's really not happening. Too complicated, too slow, terrible brand reputation, unclear regulatory. In the US alone it's a commodity, it's property, it's a currency, it's a payment system, and soon, it's a security:
https://www.youtube.com/watch?v=vLU4B8L-ROc
Gold is king, but BTC > FIAT
OMFG? Is Teh your "safe space" you fucking sissy? Its obvious you like dreaming kids shit up, I see why you naturally connect with Shitcoin so well.
Your Comment: "Don't tread on we."
That tells me everything I need to know about what team your on... Your on our current socialist team. No wonder shitcoin has such a socialist feel upon signing up? Why dont you go mine some minecraft coin, so when the SHTF, as a result of all the "Dickheads" we have created over the past few decades, your prepared!
'teh' indicates he is a 20 something maybe fresh out of college unemployed diversity studies type. You can spell horse as cadillac but your ride still needs oats and educated people will think you a moron every time you say/type 'teh'. You lose a lot of respect when you play at hip/cool with the language.
An above post makes me entertain at least the idea that he may be a $15/hr .gov shill pushing BC to the masses so when they kill BC more money for them. Or not. I am prepared to go back to barter if necessary. Cyber cash is a great idea. Who doesn't want an anonymous money system free of taxes and govt intrusion? Well, the govt for one. BC death knell right there. Just a matter of time. But hang on to your BC wallet, you may get settled out at pennies on the dollar when the new gubmintcoin system rolls out.
lol...more moves than a monkey in a forty acre grapevine...lmao!
CLEARLY something that can compete as a currency, for honest exchange and availability to "the masses".
Unless of course, you're homeless, without a device, can't remember a password, have no electricity or internet.
Absoutely perfect! ;-)
Yes it is perfect because even teh homeless can verify Bitcoin currency teh same way they verify a lottery ticket is a winner. Obviously you understand nothing about this technology.
Scooby loves the coins! Yes, you're dog gone right. Coinhead and Manthong are the greatest educators of all times.
FACT: Most people understand so very little about the BTC technology. Given this, how does BTC become the currency of choice for those who don't understand it?
Thats the biggest obstacle that people will have with it, trying to figure out exactly what its is? and how it works? Then you have people like DICKHEAD making everything crystal clear. It will take some time.
people dont understand how FIAT really works either..
but a 5 yr old can understand how a semi precious metal coin works
I like bitcoin, but its universality is really compromised . although physical currency is not much good for long distance transactions, so both mediums have their limitations
So, all these overweight people holding up cardboard signs saying they're "Hungry-Please Help-God Bless" at interstate entrance/exit ramps...how do I give them a BitCoin again?
What do we do, buy spare i-phones and hand them one or is the state gonna implant a bio-chip under their skin the next time they roll through doing a catch & release drill for some major event or some big wig is coming to town?
Glad you asked. Actually all they would need to do is go to their free local public library and print off a QR code for 10 cents and slap that on their card board sign. Then anybody driving by with a cell phone could donate to them without even rolling down the window.
So you're saying this person who "contributes" nothing to keeping ths "free public library" open has to come up with 10 fiat cents from somebody else in order to make this miraculous currency work?
I guess when the paper QR code fades away he just goes back to the "free public library" and grabs another one without redeeming the old code?
What a country!...lmao!
There is already physical Bitcoin currency that works teh exact same as other currency.
Yeah, it's called gold & silver, except it's called money too, not just a "currency".
You see the thing you guys can't seem to get through your heads (if any of you are actually serious, which I doubt) is, MONEY doesn't rely on something else to make it money, it's completely unencumbered.
It doesn't need faith or credit or internet or i-shit or passwords or encryption or electricity or king's or government's or force or treachery or pronouncements or digitation or "the cloud" (lol) to be MONEY.
What you have is an electronic "currency" wholly dependent on many other interlocking factors & circumstances to even attempt to call itself a currency, it's actually closer in comparison to an unregulated debit card, which is fine (no regulation) as I'm not a fan of it (regulation) either but it is a bit perplexing to me to ask the state to intercede on your behalf when the shit goes wrong while you were avoiding it's "currency".
It's more of a "free rider" in that respect ;-)
You just hold up your middle finger as you slowly drive by yelling "Get a job you lazy piece of shit!"
How does knowing Satoshi (or Gavin) may damage bitcoin? It's an open source code. It's not private.
Yes I know, what I meant is that teh Satoshi hoard may have been compromised. Teh NSA would have known based on ip addresses and ISP logs who was chatting with who. No coins have to change hands for someone to go to your house and have someone put a gun in your mouth and say "give me teh private keys now!"
Do you mispell 'the' to be cute or annoying?
The only thing missing is the shadow people and backers. Which firms are WS Criminal Houses backing?
Where did Blythe end up at?
But a very good start and thanks for doing it....
I think Bit coin has a future as a transactional medium, not as a store of value....
Bitcoin - it is not a currency. Bitcoin - it is a section of clinical psychiatry.
Did he say, "got wood ...tallywacke?r"
There's another alternate payment system, that has been around for > 1000 years: HAWALA*
For obvious reasons, it is hated by the Clan of Usury, and thus by TPTB. Unlike Crypto-currencies, there must be a strong element of Trust, for it to work -- which means that it works only within a very homogenous culture (Islam, Jewry, Templar Christians, Organized Crime). Run-of-the-mill, or designer-brand 'Christians' are way too unreliable for anything like Hawala.
* https://en.wikipedia.org/wiki/Hawala
Where's Mt. Gox?
I didn't see Mt. Gox in there?
So where's Mt. Gox?
It's gone and nobody could care less.
ok.. third party...
what else do you need to know? ????
WTF.. go to JP Morgan .. same difference.
Only an idiot, like you, wouldn't care.
Bitcoin's future contains more Mt. Gox & big brother.
Ultimately a pet rock for suckers.
So you are going to sell all of your silver when the EXCHANGE called Comex fails? Not going to waste muh time arguing with someone so fucking stupid that they don't know the difference between an EXCHANGE and a CURRENCY (which would be around 50% of you morons).
The infographic had a shiny section called "exchanges".
Each one a potential Mt. Gox.
o0oO0o0()oh so scary! Why should we give a flying fuck if we don't have any money in any of these potentially failed exchanges? Didn't care about Gox, don't care about this either.
Of course you aren't worried.
You're a pinhead.
No, he just doesn't keep his bitcoin on any exchange.
Your position is like somene saying that gold is worhtless because the COMEX might default. It is COMPLETELY out of touch with reality. The fact is that you are arguing based on your feelings, like a faggot. Stop sucking dicks and start using your head, faggot.
ya sound angry! How much money did you lose "investing" in Shitcoin at the top? lol
Mt Gox happened, friend. And there have been a handful of other problems at exchanges, including a seizure by the FEDs.
Hiding your bitcoins in a wallet is like burying your gold.
Sooner or later you have to come out.
They'll be waiting.
Yeah Gox happened and again, nobody gives a shit. And no it's not like burying your gold. Anything else we can help you with?
What about Quantum Computing? ... in the future where exponential time calculations are reduced to linear time? How would that impact BitCoin? Not saying that I know.
That question is sort of like asking what will happen to the price of IBM stock if nuclear war destroys all life in the Northern Hemisphere. Quantum computing is the end of nearly all forms of standard cryptography including https. So forget any form of online privacy and protection, not just bitcoin.
hey i don't know shit about bitcoin, quantum computing or cryptography. i can't even get mackeeper out of my computer without employing others.
but i forgot about online privacy and protection after i heard about mr. snowden and after wells fargo called me the second time to change my credit card number.
>Hiding your bitcoins in a wallet is like burying your gold.
You clearly do not understand what you are talking about.
And what do you mean by "they" as in "They'll be waiting"?
We've been digging holes and burying stuff for millennia, including non-valuables (ask my cat) and yet it seems any concept that describes what we've already been doing (and are happy with) but in the digital world is hard to grasp so 5 or 6 nerds have repeat stuff - Perhaps that's because it isn't the same
Coinhead, I say this a a fellow BTC supporter, I don't think being flippant and disrespectful is the best strategy to win the unconverted over to the BTC cause.
Skipped class during the public relations sessions eh? Sigh, another day, another bunch of red arrows on dickhead and his butt buddies. It's hard work but someone must do it.
Where's the junk coin contract on the COMEX?
What happened to that?
Guess silver is worthless, you know, because our masters told us so, and idiots like you believed them.
Why do the coin-trolls get so vitriolic in the Bitcoin threads? It conveys a sense of desperation. Take it easy Alice.
a sense of desperation and, oddly, perhaps not, religion.
also, upthread, "could care less" to mean "couldn't care less" is careless.
i know, spelling's personal, don't tread on me, etc.
somehow i doubt the bitcoin calculations are as cavalier.
Agreed Scooby. Time and time again coin-trolls can't grasp the fact that it's not one or the other. Go all in 50/50 silver & bitcoin. Wait. Become wealthy. Or any other combination.
Most bitcoin supporters already have piles of gold and silver. And maybe paper gold & silver too. And maybe stocks in up and comming tech and robotics companies.
Electronic trailer trash meth head investor Coinhead has spoken, all hail the crypto tard.
Attn: Blue Shrinking Violet : You couldn't be more wrong .... I agree with your analysis .... except the part .... where you blame private people and corporations .... the monster IS the government .... the FED is the government .... although they try to distance themselves .... pretending it's a private entity .... don't fall for it .... no individual nor corporation can compare .... to the obese monster government ?
The fed is 12 private banks all mostly owned by European Jewish banking dynasties.
Bitcoin reminds me of my long distant adolescence when jerking off seemed to be the real thing.
Later, I discovered that there is no substitute for the real thing - women.
Then, I discovered that the real thing was friendship, love, history, and a commitment to a lifelong relationship with my wife.
Well, 35 years later, I can guarantee you that physical reality trumps adolescent fantasy by incalculable orders of magnitude.
Same thing goes for currency. A hand full of silver or gold coins gives one a warm and fuzzy feeling that a crypto wallet full of unicorn farts never will.
"Later, I discovered that there is no substitute for the real thing - women."
Later still, you'll no doubt learn first hand about hypergamy and your journey will take another unexpected twist. How exciting.
Nah.
One wife, one life.
That is how I am gonna roll.
Marriage means nothing if you don't plan to honor vows as a sacred contract.
Till death do us part does not mean cancel, reset, and try again - it means making it work, as best as you can.
I have no doubt at all that you will honour your contract. I'm not going to spoil the surprise for you any further.
Well, 35 years of marriage have given me plenty of surprises.
But, one thing is for sure- better the devil you know than the devil you don't.
Women are no prize, but neither are men - we all suck at cohabitation initially.
The grass is never greener on the other side of the fence.
Usually, that is where the shit is.
I think he was trying to describe the excitement of genital warts, herpes, syphillis, Hep C, and AIDS, all of which are side effects of the life he's advocating, and none of which are decreasing in transmission rates.
We will take a virtual cyberbabe over SILVERGEDDON'S wife any day.
You think wrong. Neither of you have any clue what I'm talking about, do you? Lol. Well, good luck gentlemen.
I put everything in my wife's name as a precaution. Will not make the lawyers happy if things go bad...but hey...what is a guy to do.
If you can wheel your guns, ammo. G & S on a two wheel dolly
….you do not have enough E.O.S.
Are you talking about sex dolls?
maybe somebody out there thinks that one in the hand is better than two in the bush..
or closely shaved space.
perhaps two hands on the closely shaved space or bush.
but in?
that seems too capacious for acute sensation, imo.
The thing is most dont realize how rewarding it can be till the end, after causing each other needless suffering. If your always grateful for what you have, its a much better existence, then always needing more. I like making it a little bit better each day.. Which doesnt always happen, but if it doesnt.... I try again the next day. Spiritually I think its the way the reward is in the end.
Silvergeddon, he is saying your wife is going to dump your silver-plated ass for something better when the time comes.
You aren't leaving her...We know that!
She on the other hand.......It's in most woman's DNA....maybe your bride is different though??
I am afraid my wife does not tread the path of predictability for our traditional stereotype of women.
She is a true friend.
I don't want anyone else covering my six - she is utterly trustworthy - others, not so much.
We are married - for this entire life.
THAT - is worth more than anything else I have seen in this lifetime that the world has to offer to me.
I totally agree!
clueless
Glad for you because finding a woman in the western world that won't divorce you in 2015 is mission impossible, but then again if all family laws are made put incentives for women to be better off afterwards it makes business sense....
I am all for marriage. What I am against is a three party contract with the state as one party. That is what many believe marriage to be these days.
As far I know, 99% of the bitcoins are in the hands of 1% of its users. This bitcoin "aristocracy" has the capacity to manipulate the currency in a manner that enriches them at the expense of financial instability. You see bitcoin bubbles all the time, by the way.
Anyway, if you cut electricity, your neckbeard tokens are gone. It's raining like hell here in my city in Brazil, we lost our internet connection during 10 hours today. No internet or electricity = bitcoin is gone. Also, like any other technological thing, it will become obsolete someday.
Sorry, i'm not holding anyone's bag, especially if it contains such tokens. If I want gold, i would buy the real thing, not some bad simulation of it.
Gold is just a shitty immitation of Bitcoin.
That's what Fonestar said about you last time we hung out.
HAHAH MAN you're great
As far I know, 99% of the bitcoins are in the hands of 1% of its users
You don't know anything, like 99% of ZHers.
>He thinks gold won't be obsolete in 15 years when there is a palladium-gold asteroid in a captured orbit being mined for all the PMs that are now just Ms.
>He thinks that he's the amount of money in his wallet.
>He thinks he's his fucking khakis.
Is teh we's cheerleading any better today?
No, it is completely lacking in information, just like the morons on the other side.
The world would be better off if you all just shut the fuck up.
no fuck you. You think you are going to convince anyone here? Teh we has even given you Bitcoin in teh past. you behave like a traitor.
You act like a jack off idiot, and get treated as such. Stop acting like that, and instead use your head just a little bit.
If you want to act like an idiot, that's fine, but don't expect to win anyone over.
I certainly don't. I have come to despise people. They are so stupid they deserve to burn. But they won't. Instead, most of them will live forever thanks to exponentially advancing technology, of which bitcoin is a small part. I am ambivalent to that fact.
Yeah good! Act like a jackoff so when Bitcoin goes to seven, eight digits they will say "hey those jackoffs actually got rich?" You say that you aren't here to change any minds so why act like it? You either belive in Bitcoin or you do not believe in Bitcoin. Teh we believes in Bitcoin regardless of what some geezers on Zerohead think!
I find that I now derive pleasure in abusing people who are stupid. It's a sickness.
I believe in crypto, not bitcoin. Bitcoin is kinda crappy as far as crypto goes. I'd rather have Dash. But people are fucking stupid, so they will buy bitcoin instead of a superior alternative when they finally move into the space. So I hold something I don't really like. But jsut a tiny bit, because I fucking hate it for being so stupid and slow, just like the posters here.
Yeah so why do you want to be civil to teh dunces here. Teh we acts like they deserve. Dash used to beDarkcoin? But doesn't it not have a hard-limit?
And that bit of conversation right there is why Bitcoin is not for me, (right now). Litecoin, Bitcoin, Dash, Kimkardicoin... They sound like the names of special rare trading cards that all the cool kids have. Also, the idea mentioned above, that Bitcoin will blow a giant bubble and make you filthy rich, tells me that like those trading cards, it's just another questionable speculative investment (at this time).
I do like the technology. I do like the idea. (Fuck banks!) I distrust the over-the-top secrecy behind Bitcoin's origin. And I dislike it's reliance on the internet and power.
Clearly, the entire world is hungry for a sound and untethered currency. Right now, I just can't tell if crypto-currencies are the solution or the snare.
Remember, Al Gore and Bill Gates say Bitcoin is GREAT!
I have no idea how this electronic money works. I don't know how to trade it, earn it, pay with it or even understand the concept of it.
However, if I knew some basics, I might put a minor stash into it to observe.
But this talk about bitcoin and thatcoin and titcoins...it sounds more like a beanie-baby fad, collect them all!! Smells like the hype of pulling equity out of the house back (2005-2007) with countless mailers. Looks like Global Cooling/Global Warming/Climate Change/New Ice Age.
Didn't fall for any of those because I was/am hyper-conservative.
My shelf life is only another thirty years or so max, so I'll stick with the silver and gold.
OP! OMG Beanie Babies! My M-I-L bought those things from all over the country. All you had to do was tell her it was special or super rare! Whoever marketed those things was a freaking genius and deserves every penny he made.
My neighbor up the road has cattle and horses. He also grows sweet potatoes and greens. I run into him sometimes at the 4-way store where we both get coffee. On the day he knows what the hell Bitcoin is, and has his very own Bitcoin wallet, that will be the day I'll believe owning Bitcoin is useful in my particular part of the world.
And like you mentioned about silver and gold, he knows EXACTLY what old 90% silver is and he's even cool with some bullion brands.
#Nsacoin 4 eva!
"doesn't it not have a hard-limit"
The power of the double negative or more of your poor communication skills? (obscure movie reference) Seriously dude, folks here are throwing pearls in front of you and like the pig that you are, trampled into the mud. Grow the fuck up and learn to communicate.
Coinhead speaks - the autobiography.
Teh weh doo doo goo goo gah gah - we is the geenus crypto tard.
Bai Mor Nao !
Wi Nao Gud.
Hed Iss Mush.
"As far I know, 99% of the bitcoins are in the hands of 1% of its users."
They sit at what is essentially the apex of a ponzi scheme.
And they can manipulate bitcoin's value.
Digital currency = fascists' wet dream.
And what would you say they have done to the value of gold and silver?
Anything can be bubbled as long as free money can printed.
That includes bitcoin.
You can't print money. They are printing something else, and people who are stupid don't know the difference. They have no idea what money is. They just stand there dick in hand repeating the ancient JP Morgan quote with zero understanding of its meaning.
Dude, you score zero points with semantic BS.
Bitcoin got bubbled and will get bubbled again anytime TPTB want to bubble it.
Speaking of bubbles, weren't you the dude telling everyone to buy silver @$50?
You've got zero cred.
No, I was the one telling everyone that it would go to zero before it rose to $49.
The other bit was made up by butthurt trolls who took my bewilderment at the rapid rise in 2011 to be an endorsement, I think making the "mistake" on purpose because they wanted to discredit me and my biting logic based opinions.
You know, kind of like you are doing now, faggot.
You were cheerleading silver from $30 all the way to the top and then part way back down.
I'm gonna have to believe my lying eyes on that one.
It isn't semantic BS. Your mind is trapped in the prejudice that everything must relate to fiat.
That is the true weakness.
If you can use Printed Dollars to buy something, you can manipulate that something.
And gold. But only to the extent and so long as fiat money is convertible into goods and services, i.e. retains the confidence of producers. That link will weaken and may even completely dissolve to the extent fiat money is printed.
look you dumb cunt.. you and your wife are worth nothing! You will submit to Satoshi!
Did you get a raise? or do they pay you to comment on Sundays now? Dickhead?
nobody pays coinhead to defend Satoshi honour you dumb fuck
(but if you'd like to donate):
1F78nNHCa1XctpCH1MyWc8NeM5SAL9T9sg
Look dickhead is your goal for people to "like" bitcoin? If it is you may want to stop being such a fucking DICK HEAD? Just a suggestion.. FUCK SATOSHI!
Fuck you you inverted-fagg0thead cunt. You think teh world revolves around you and your shit-soaked cVntry? It doesn't.
Bitcoin is a global currency and we couldn't care less about your "approval". This is teh new fucking attitude.... fuck you and get used to it!
Did I hit a nerve? ;) You know if someone can make you angry they own you?
I didn't realize I was owned by all of the idiots of the world, especially the Communists and other death worshippers.
Maybe it's time for a new movie. We'll call it Tmosley Unchained.
Satoshi sucks Muhammeds cock in hell.
Donate? hahahhahahahaha
A fart in your hand gives you a warm and fuzzy feeling too.
If I fart in your hand chances are it'll be steaming and sticky.
Being physical is not a necessary condition for an asset to be valuable.
It is really necessary having control of the asset, and Bitcoin private keys ARE control.
"This is great.. an overview of what the fuck Bitcoin is and the connections involved.. Great thanks. Still not a huge fan, but this helps. Looks like there is some room for consoladation, seems like lots of hands in the cookie jar at this point... maybe?"
Bitcoin is teh most powerful computer network on planet Earth. It's only going to grow from here, those on the wrong side of history are forever doomed to the wrong side of teh decimal place in BTC.
No it goes more like this... A bunch of douche bags with a ton of power need an alternative to gold, so when they saw Satoshi Dream this shit up they said lets take it and make it our own and we will offer it as an alternative to gold because we were so fucking stupid that we gave most of our gold to China. So now we cling to this desperate hope that people will accept this shit as money? And we build a whole industry around it and force it on everyone and manipulate the PM's till they are irrelevant... You make a piss poor salesman, so you must have plenty of motive.
Ponzi coin.
So people use bit coin to circumvent capital controls, and then dump it for hard assets and other currencies on the other side. I'm not sure if that qualifies as bullish.
Hi hobopants it's your old friend coinhead.pal
The fonestar abides. I have to admit I miss your higher order arguments though. I Never agreed with your perspective on crypto, but you used to argue your points much more eloquently.
sometimes we do higher order arguments and other times we invoke rapid_spamtoshi() function to just spit it out at teh Zeroheads.
That's an interesting method of proselytization. It doesn't appear to have people lining up to hear the good news though.
Who says they dump it?
The markets.
If by "dumped" you mean traded for goods and services, well, that's exactly what money is for.
Dup
DIGITAL PONNNNNNNNNNNNZI
The nigger will lie. The nigger will make excuses. The nigger will use words he doesn't really know. If he gets desperate, he may start to use all caps.
Nothing wrong with niggers. Everyone should own a few.
I only put my faith and trust in MONEY.......
Yeah so put it into Bitcoin because bits and bytes are money.
No, bytes and bits are simply representations of perception of money-no different than dollars. Gold and silver are real things that require energy and labor to produce, so they have inherent value because of the effort required to unearth them
So simple even a dick... I mean coin head can understand
just like bitcoin which takes significant amount of computing power to process and secure
and that requires energy
and node equipment requires skilled and experienced labor, be it creation, installation or maintenance
Having to consume energy has nothing to do with whether anything is valuable or not. Doing ANYTHING requires energy. Many of those things are of negative value or negative utility. It takes energy to break a window. There is no value in doing so.
Why do so few people know how tio think?
That is really fucking stupid. It takes real energy to dig a whole. Doesn't mean it has any value at all - especially if you dug that hole out of the bottom of your boat.
Shouldn't Blythe have her own building here?