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REPORT ABUSIVE REPLY
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Message Subject
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Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
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Poster Handle
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Anonymous Coward |
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Post Content
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Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actually buy?
Quoting: Dollar Bill Wick So is Monopoly money and chocolate coins. The massive difference you are overlooking is the length of the chain (which increases the security and reliability) and the network effect. BTC is essentially the largest computing power on the planet. The ability to store wealth on and use the network for secure transactions is what you are buying. Joe Shmoes custom crypto is nowhere close just because he has a blockchain with 5 nodes. And even disregarding all the technical stuff. It is worth it simply because enough people have agreed that it is. JUST LIKE USD. USD is backed by nothing but a threat of violence. Moving off the gold standard changed everything to faith based instead of tangible. Bottom line - if you don't believe in it, don't convert any fiat into crypto. Nobody is forcing you (yet). It's not necessary to piss on others who are happily using and trading it. you don't get it, there is real worth and there is worth which people believe in. your belief in fiat or crypto is leading people directly into lala-land or being in lala-land people believe in fiat and crypto. you crypto-tards pose as fighters against the nwo and the current financial system, not realizing that you do not differ in any way. you search for 'riches' which have been defined by your 'makers', you are pumped to the extreme, in fact, YOU ARE THE BUBBLES.
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