Bitcoin isn't money. Bitcoin isn't digital gold.Bitcoin is a blockchain that wants to identify as gold. Bitcoin is trannygold.Bitcoin will never have an atomic number.
>>61155396oh nice physical bitcoins you got there
>>61155396>Bitcoin will never have an atomic number.No, but it takes a massive amount of energy to produce new coins. That energy is never coming back if the grid was powered by fossil fuels. That's what gives it value, there's only so much energy in the world and every watt used to produce a coin gives it value. You'll understand when paper money goes away and the only things people fight over are water, food, crypto and gold. Even producing food doesn't consume as much finite resources.
>>61155534Lmao you can't just lump crypto in with actual things that matter
>>61155534If the world is at the stage of fighting over food, who is expending the energy to maintain the bitcoin mining network to process transactions? A lot of people and companies will abandon their nodes. Then it just takes a single desync event to ruin the value of the entire chain.
>>61155534That energy used to mine bitcoin isnt transferred into a bitcoin, its expelled out of your computer parts as heat. You can't shred a bitcoin back into the same energy that created it. If it did then thatd be cool. If bitcoin was the only crypto give or take a couple other coins then it would be even bigger and more useful than it is now. Bitcoin is diluted by thousands of scamcoins and it will take decades for normies to want to put their savings behind risky crypto.
>>61155396"Bitcoin is a cybernetic swarm of locust" - Morgan Saylor
>>61155396Does having gold give me the right to fuck with Satania ?
>>61155575>That energy used to mine bitcoin isnt transferred into a bitcoin, its expelled out of your computer parts as heatSo the same way gasoline gets consumed to produce movement? You'll find fossil fuels become MORE valuable as the means to produce it becomes less available
>>61155580You can have this special NFC token made by Satanichia McDowell Kurumizawa herself. She will trade it for your gold.
>>61155595WOW, that's worth at least 10 ounces of gold ! I'm opening my vault right now.
Crypto will be split up into 2 groups soon. Crypto - scams.Digital assets - useful stuff. The crypto is about 99.9% and is basically gambling.People will be using digital assets everyday without knowing it. The new financial system will be using crypto and PMs.
>>61155588>So the same way gasoline gets consumed to produce movement?No, unless by movement, you mean something moving in circles carrying no load and accomplishing nothing of value.>You'll find fossil fuels become MORE valuable as the means to produce it becomes less availableYou will find that your misdirection scam is not actually making bitcoin more valuable, it is making fossil fuels more valuable by burning them for no good reason to do pointless calculations that produce nothing of value.
>>61155642>Crypto will be split up into 2 groups soon. Crypto - scams.BTC, ETH, LINK, etc.>Digital assets - useful stuff. commodity backed tokens like PAXG, xU3O8, etc.
>>61155672>you mean something moving in circles carrying no load and accomplishing nothing of value.Like any other currency?>it is making fossil fuels more valuable by burning them for no good reason to do pointless calculationsLike paper currency? That's exactly my point. In a world where everything goes to shit paper currency is useless and didnt take anything to produce, you can just print it. Crypto at least took tangible resources in the form of energy to produce.
>>61155802>Like any other currency?No, other currencies are authorized by a central authority as loans for specific projects, applications, and labor services that will benefit the central government.>Like paper currency?What? No, how does printing paper money exhaust the supply of fossil fuels? And what percentage of USD do you think is actually kept as paper instead of digital accounts?>Crypto at least took tangible resources in the form of energy to produce.No, the energy resources weren't used to produce it, they were just purposefully wasted to satisfy arbitrary time constraints, so that too much crypto wasn't produced.
>>61155829>No, the energy resources weren't used to produce it, they were just purposefully wasted to satisfy arbitrary time constraintsIt's hilarious that you can't see the parallels to FIAT currency>>61155829>And what percentage of USD do you think is actually kept as paper instead of digital accounts?A small fraction, which is my point. Currency is already worthless, but crypto takes far more energy to produce. It's like the (((gold standard))) for gold backed currencies, if the backing gold was actually held within the paper notes
anime is also not real and its consuming your lifeyour point? you became a tranny irl because japanese non real cartoons
>>61155846>It's hilarious that you can't see the parallels to FIAT currencyNone of your attempts to point them out have been successful and are laughably wrong, the wasteful arbitrariness of trying to arbitrarily calculate a bunch of random numbers to match the random numbers that was calculated to win the next round over and over is not comparable to taking a bunch of different companies bids to build highways, hospitals, and schools.>A small fraction, which is my point.No, your original point was that somehow putting the money to paper wasted fossil fuels at the same rate as burning trillions of computing cycles to make random numbers.>but crypto takes far more energy to produce.No, the random calculations are not actually producing crypto, they are there to slow down the production so that it conforms to the time release formula that ensure that only so much crypto is released in a certain time period.
>>61155873>No, the random calculations are not actually producing crypto, they are there to slow down the production so that it conforms to the time release formula that ensure that only so much crypto is released in a certain time period.Yes, and that makes it valuable in a way that FIAT paper currency isn't>No, your original point was that somehow putting the money to paper wasted fossil fuels at the same rate as burning trillions of computing cycles to make random numbers.No it wasn't. It's that crypto holds more intrinsic value than FIAT currency, which is manipulated through far more controlled mechanisms. If we're calling crypto valueless then FIAT is more so.
>>61155396based.
>>61155396>Bitcoin is a blockchain that wants to identify as gold. >Bitcoin is trannygold.This is closer to gold than BTC is. YWNBG
>>61155886>Yes, and that makes it valuable in a way that FIAT paper currency isn'tNo, it makes it more wasteful since the energy input isn't actually retained by a bitcoin and can't possibly be recouped.>It's that crypto holds more intrinsic value than FIAT currencyNo, crypto has no intrinsic value while government issued currency has an intrinsic value derived from the authority of the government that issues it.
>>61155915>while government issued currency has an intrinsic value derived from the authority of the government that issues it.Sure, but what if governments used crypto? It would have more intrinsic value because it was more resource intensive to produce. Every post you make just proves FIAT is worthless without government backing. It's literally just paper that cost almost no resources to print without the government.
>>61155396All that matters is:>Can you make money off bitcoin?If; Yes, then your opinion doesnt matter.
>>61155710Is there even a use case for Bitcoin when real world assets can be tokenized? Convince me that it won't go to 0 once gold is tokenized. It's use case now is just a store of value?
>>61156012>Sure, but what if governments used crypto?Then the authority that backs valuable currency now would be backing crypto instead and it would actually have value instead of just trying to claim that a bunch of wasted energy is what gives it value. I guess fusion is currently more valuable than fossil fuels since a lot more scientists time has been wasted trying to make fusion work instead of just producing energy by burning fossil fuels like the fossil fuel industry which by your standards has less value than a tech that has not produced any energy, only consumed and wasted it.>without government backingBut it does have government backing. Even dave and busters bucks has actual value compared to crypto which is useless without trading it for USD or some other currency with actual value, where the only thing that gives cryto value currently is that it can be used for money laundering to surreptitiously hide income or convert between USD and some other currency covertly.
>>61156032This stuff is not quantum resistant, it can literally go to almost 0 at any moment. My gold and silver are quantum resistant.
>>61156067It seems like all Bitcoin has now is narrative, first mover advantage...it will probably be used to demolish the economy?
