it's dumping again
>>524550651Idgi
The economy is going to split between a Macro Economy and a Civilian Economy.
>>524550651>Buy .00000002 Bitcoin at 50k>Bitcoin goes to 100k>Schizo preppers buy silver at 25$>Silver goes to 100$>Seethe
>>524550927Anyone not a newfag has had at least 10 years to buy BTC. Its been shilled on this board since at least 2013. So you're either a newfag or you're stupid, which one is it?
>>524551174why would an Argentine not have sold their btc for 1 million usd huh?
>>524550651let the retarded boomer dream about 100$ profit over 20 yearsthey are unfamiliar with capital commitment costs.
>>524551174>buy BTCand not a single one has shown any actual profit from this ponzi scheme
>>524550651bitcoin will eventually go to 0, it's dumb to hold it
>>524552942they've been trying since its inception to kill it.so please entertain me, how would it go to 0?
>>524550651If you invested $10,000 in silver one year ago, you'd have about $25,000 today. If you invested $10,000 in bitcoin one year ago, you'd have $9,000 today.
>>524554550it's not about trying to kill it, it will eventually collapse once mining becomes unprofitable.
>>524552942It serves value where gold cannot: the wealth when traveling or fleeing in times of war, crossing borders without having to report money... It's invaluable, it's priceless.
>>524554975Math checks out, coiners get fucked
>>524555057it's only worth something if a. it's backed up by someone and b. the ledgers integrity holds. it won't
>>524554978why?
>>524550651Paper volatility has no bearing on the physical price.
>>524555057>c-can i have some food? i know things are scarce and it's life or death but i'll give you some digital money for it... just give me your crypto wallet ID bro
>>524555626because there's no one to uphold the ledger. you'll either see it effectively become centralized or taken over by attackers. once it becomes centralized it no longer does any of the things it is praised for.
>>524554975Shilling bitcoin on the internet is all about buying high and selling low while saying you did the reverse
>>524555057>Sorry sir. Internet is down we don't accept buttcoin anyways.
>>524555766>becoming centralized>taken over by attackerswrong assumptions.you're probably talking about when the blockreward becomes so small, some miners would leave their pools. besides the blockreward there are the fees that would generate income, to offset the lowering of the blockreward. this is not some on/off switch, but a mechanism that slowly is changed over decades, >100 years from now.there is no such thing as a lasting attack, if they would somehow gain 50% of mining power, and manage to mine a block with invalid transactions, bitcoin is forked and all the mining power becomes useless. you honestly believe that a decentralized system would allow a centralized power to take over like that?>>524555864starlink, sms, radio. sure not ideally, but they all can be used to transmit transactions.
>>524555057Gold and silver will still have value long after bitcoin ceases to be a thing on this planet.
>>524555931Man you buttcoiners are reaching. I get it, fear does that. For me it's a hard pass on the pedocoin. Once it was revealed epstine was part of the early crypto development I said that's enough, he could very well be Satoshi. Could you imagine walking into a store, the clerk asks cash or credit but you say "for me it's pedocoin". Lady gets on the overhead speaker. >I need a manager at aisle 4 , I have a pedocoin purchase override.No thanks
>>524556437>pedofiles and terroristsgo back to 2013.i can only hope your stupidity is paid for and you're not actually this dense.
>>524554978>>524555766>what is difficulty
>>524552876neighbor, i am in palermo living the life with my bitcoin money. >>524552942the cope is crazy.
>>524556437this must be an englin bot, its too disingenuous. len sassaman who was assassinated by the CIA is clearly satoshi
>>524555931>you're probably talking about when the blockreward becomes so small, some miners would leave their pools.exactly>besides the blockreward there are the fees that would generate income, to offset the lowering of the blockreward. and ultimately that won't suffice when mining is otherwise unprofitable. while bitcoin doesn't generate wealth, you are saying that it should pay the costs. it works as long as there is natural growth. by definition not sustainable.>there is no such thing as a lasting attackthe cost to reward ratio for upholding the ledger will steadily go down as mining becomes unprofitable. once this becomes unsustainable you'd start to see targeted attacks. the way to prevent that is to have a centralized power offset this balance, ultimately rendering it centralized and the idea of crypto useless. people will bail on crypto before this happens though, and you'll see crypto crash before any of this even happens. >100 years from nowperhaps. I don't know when it will happen, but it's inevitable.
>>524552057imagine if they tried introducing the institution of money with todays kyc/aml cbdc rules.they'd just keep bartering/blood feuding/warring
>>524552942Nothing with an actual value ever goes to zero. Ever.
>>524555057Anon is right. As long as there are buyers it has a value.Personally I prefer XMR, but BTC definitely has its place.
>>524558605my point exactly. if you can't maintain the integrity of the ledger then there's no actual value there.
>>524558710Stealth address swaps are definitely a concern, but these scams only exist because BTC has value. No one is trying to crack ledgers for anons PEPE stash.
>>524558235mining won't become unprofitable.you go from mining unmined bitcoin to solely mining transactions. your premise for it to become centralized is ludicrous. the one thing that makes bitcoin valuable is the fact you don't have to trust people/governments for it to work. which makes it the most trustworthy financial vehicle ever.an 'attack' isn't easily organized, as in, it takes a tremendous amount of capital and secrecy to do so. far easier is the social attack, like they did with gavin's cia visit, and craig wright falsely claiming he's satoshi. and lets not forget the blockreward 'war'. which was probably the largest attempt to try and make bitcoin more centralized.bitcoin has been under attack since it was created. a slow change in mining reward isn't going to dent it. the only social attack that in my opinion is left, is dumbing down society so much that newer generations stop seeing the value that bitcoin has. happily destroy it so people unknowingly will be forever forced to work until they die.
>>524558982I'm not saying it will become centralized, I'm saying it will become unsustainable to uphold the ledger and the only way to protect it is to effectively centralize it. I think it will crash long before that happens.>bitcoin has been under attack since it was created. a slow change in mining reward isn't going to dent it.sure it is. just as with any change there is a breaking point.
>>524550651
