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Originally posted by litterbaux
reply to post by badconduct
If you can't eat it or drink it, if you can't use it as a tool to provide yourself food or water, you are wasting your money.
If you are trying to get rich off the collapse of the dollar, sorry it's not going to happen. If you are already wealthy and are concerned about your well being after the collapse (if it happens), buy some land and educate yourself.
Bitcoin is a joke.
Originally posted by Razimus
it looks like a pyramid scheme to me, one pretending to be something innocent, which is the same thing every good pyramid scheme does.
Originally posted by mayabong
Originally posted by Razimus
it looks like a pyramid scheme to me, one pretending to be something innocent, which is the same thing every good pyramid scheme does.
Comparing it to a pyramid scheme is something most people do before they understand how it works. Its not like everyone is just buying them, holding them and waiting for more people to join. Sure some people are, but there are also people using it to transfer wealth from one person to another. People use them to pay for things...
Originally posted by mayabong
reply to post by litterbaux
can you explain why bitcoin is a joke. I'm not talking about using it after a crash (if it happens). I'm talking about right now in this system that we have.
Here are the three key reasons I bet on bitcoin:
Past performance: the currency has increased in value one-thousandfold against the US dollar in fourteen months. Yes. Read that again: one-thousandfold, fourteen months. There is currently no indication it would stop or has saturated; quite the opposite.
Use case: the key advantage for bitcoin is that it does away with all bureaucracy, all transaction fees, and perhaps foremost, all transaction delays and gatekeepers in the financial system.
Key uptake drivers: doing the math, I predict that it has at least another thousandfold increase to go in the coming few years, and that’s counting conservatively.
Originally posted by Ameilia
Originally posted by mayabong
reply to post by litterbaux
can you explain why bitcoin is a joke. I'm not talking about using it after a crash (if it happens). I'm talking about right now in this system that we have.
If there is a crash, why would we have internet? How would you spend your internet-currency then? If you have to choose between paying for heating/cooling or paying for the internet, you're probably going to choose to forgo internet. There goes your bitcoins.