you've been pissing all over crypto on here for as long as i can remember, and yet it just keeps growing and growing and gaining popularity and market share and value. when are you going to recognize that you just might be wrong?
I'm pissing on it because I have moral values. Sure I would love to make a quick buck and had I known before hand how ridiculously stupid it was to make money....maybe I would have went on board.
I wish the government would have nipped this in the bud a long fucking time ago, but they either #1 have skin in the game or #2 are a bunch of pussies.
The whole basis of it is obtaining credits for doing absolutely.no.effort.
Computing fake algorithms to randomly obtain a fixed amount of "coins"....yeah explain to me how this creates a legitimate source for currency.
I think....at one point it made sense...if you wanted to buy drugs or sex....because there were very very few ways to do that completely anonymously. Using cash to do these things is not valued because you have to do it in person and it may possibly be dangerous.
Also..the market value also is meaningless because it's in it's own imaginary market. A bitcoin is like a baseball card...unique and only so many. A baseball card may be worth $1000 USD, that DOES NOT mean a baseball card has more "intrinsic value" then real currency.
But at some point, you know what happens? The maker of the baseball cards gets greedy and then starts flooding the market with more cards, making the value of each card drop tremendously.
Everyone wants to make the quick buck...and if you can do it, good job and good for you.
Unfortunately, everyone else is a bunch of idiot lemmings and they are the ones who are going to get fucked in the ass...then people like me who have actual moral values will have to pay for their bailout social programs.
I have a few friends with boxes filled with what were once valuable and rare baseball cards. They are now not even worth the energy which would be produced if you burn them.
Go ahead, make a quick buck, but you are lying to yourself if you think this will last as it currently exists.