Bitcoin....who's gotten into it?

**byates1** · 09-27-2023, 04:04 PM

Well if you want to get meta, BTC is the only actual unit of account. Flame away.

**skaredshtles** · 09-27-2023, 04:11 PM

Originally Posted by byates1

Well if you want to get meta, BTC is the only actual unit of account. Flame away.

**J. Barron DeJong** · 09-27-2023, 05:07 PM

Originally Posted by byates1

Well if you want to get meta, BTC is the only actual unit of account. Flame away.

Says the guy who continuously claims Bitcoin is going to a million dollars…

**byates1** · 09-27-2023, 07:29 PM

A mil isn't that much of a stretch.

Why don't you two scholars give us a cogent dissertation of value/money/time/energy over the course of human history. We'll wait.

**byates1** · 09-27-2023, 07:39 PM

In my 15 or so year timeframe I'd like BTC to be 200/600k.

I don't continuously claim a million dollars. Maybe you can put together a chart of all the times I've claimed that.

**J. Barron DeJong** · 09-27-2023, 08:57 PM

Originally Posted by byates1

A mil isn't that much of a stretch.

Why don't you two scholars give us a cogent dissertation of value/money/time/energy over the course of human history. We'll wait.

I can tell you that Bitcoin recreates many of the same problems that a gold standard had, along with some of the ones that private currency did, as well as creating a whole bunch of new and unique issues.

**Tri-Ungulate** · 09-27-2023, 08:59 PM

Originally Posted by J. Barron DeJong

Says the guy who continuously claims Bitcoin is going to a million dollars…

Name: epsilon-theory-one-million-dollars-september-15-2015-austin-powers.jpg
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**frorider** · 09-28-2023, 01:42 AM

Originally Posted by byates1

A mil isn't that much of a stretch.
.

Dude. Whoosh. Barron’s point is that you consistently express value in USD.

**byates1** · 09-28-2023, 09:18 AM

Ya so does the rest of the world. I'm not a hyperbtc-ization maxi.

No woosh here. I'm constantly labeled as a crypto shill here even though I've repeatedly stated BTC is a new risk layer one money.

**skaredshtles** · 09-28-2023, 09:20 AM

I was looking at a new bike and it was ₿0.000038.

Oddly, when I tried to buy it, the salesperson:

**stalefish3169** · 09-28-2023, 10:23 AM

Originally Posted by J. Barron DeJong

Your Bitcoin gains are only on paper until you cash out, at which point you’ve locked in other Bitcoin holders losses.

Surely you can see how that isn’t a viable method for all Bitcoin buyers to get rich.

https://twitter.com/APompliano/statu...SVEigyfbA&s=19

Sent from my Pixel 7 Pro using Tapatalk

**neckdeep** · 09-28-2023, 10:54 AM

Originally Posted by stalefish3169

https://twitter.com/APompliano/statu...SVEigyfbA&s=19

Sent from my Pixel 7 Pro using Tapatalk

So BTC's liquidity and market depth are shriveling away and you think this is good? Seems like this is a death knell for BTC as a digital currency. And, if it's a store of value, why hasn't there been a massive rally correlated to a shrinking number of coins in circulation?

Face the facts. BTC's spectacular run up came at the expense of retail investors and that narrative is over. Those people are gone for good. The get-rich overnight crowd has moved on to AI and STRs.

**byates1** · 09-28-2023, 01:51 PM

Originally Posted by neckdeep

So BTC's liquidity and market depth are shriveling away and you think this is good? Seems like this is a death knell for BTC as a digital currency. And, if it's a store of value, why hasn't there been a massive rally correlated to a shrinking number of coins in circulation?

Face the facts. BTC's spectacular run up came at the expense of retail investors and that narrative is over. Those people are gone for good. The get-rich overnight crowd has moved on to AI and STRs.

You're an idiot. BTC is barely 14 yrs old and was over a trillion at one point. I'd call that one hell of a rally.

You are myopic, keep buying cigs and beer everyday wondering why you have nothing.

**CarlMega** · 09-28-2023, 02:56 PM

counter point: 14 years is a lifetime in technology - still doesn't have a 'killer use-case'. That's a problem. Contrast that with AI which has immediate applications and steamrolled across segments as a disruptor - in months.

At a 20K foot view, AI had a long run up where the tech was meh. All the investment was put into research & synergistic tech/hardware advances. But as soon as it was viable for the obvious practical uses, boom goes the dynamite.

In that time - to me, BTC, really hasn't done anything that enabled viability... mostly failed bolt-ons: intermediaries and helper networks. Underwhelming. But the speculation market def fed passions and money making opportunities. Maybe BTC will give birth to a better crypto-spawn... but at its core, its clever mechanism also hampers its ability to scale or meet performance needs. To be functional - 'as is' - an entire worldwide commerce and market paradigm change is required; which is beyond the influence of advocates and adopters.

**skaredshtles** · 09-28-2023, 02:59 PM

Originally Posted by CarlMega

counter point: 14 years is a lifetime in technology - still doesn't have a 'killer use-case'. That's a problem. Contrast that with AI which has immediate applications and steamrolled across segments as a disruptor - in months.

At a 20K foot view, AI had a long run up where the tech was meh. All the investment was put into research & synergistic tech/hardware advances. But as soon as it was viable for the obvious practical uses, boom goes the dynamite.

In that time - to me, BTC, really has done anything that enabled viability... mostly failed bolt-ons: intermediaries and helper networks. Underwhelming. But the speculation market def fed passions and money making opportunities. Maybe BTC will give birth to a better crypto-spawn... but at its core, its clever mechanism also hampers its ability to scale or meet performance needs. To be functional - 'as is' - an entire worldwide commerce and market paradigm change is required; which is beyond the influence of advocates and adopters.

**bennymac** · 09-28-2023, 03:14 PM

Cue the “but it took a long time for the internet to take off!” defense - like we’re still living in the 90s as far as pace of technological development and adoption is concerned

**byates1** · 09-28-2023, 03:35 PM

Originally Posted by CarlMega

counter point: 14 years is a lifetime in technology - still doesn't have a 'killer use-case'. That's a problem. Contrast that with AI which has immediate applications and steamrolled across segments as a disruptor - in months.

At a 20K foot view, AI had a long run up where the tech was meh. All the investment was put into research & synergistic tech/hardware advances. But as soon as it was viable for the obvious practical uses, boom goes the dynamite.

In that time - to me, BTC, really has done anything that enabled viability... mostly failed bolt-ons: intermediaries and helper networks. Underwhelming. But the speculation market def fed passions and money making opportunities. Maybe BTC will give birth to a better crypto-spawn... but at its core, its clever mechanism also hampers its ability to scale or meet performance needs. To be functional - 'as is' - an entire worldwide commerce and market paradigm change is required; which is beyond the influence of advocates and adopters.

What happens when a couple percent of Black Rock, tradfi, real estate etc move into BTC, globally. That's in the hundreds of trillions, a few % in BTC and boom BTC is a 10/20 T space. 500/1M per. Not saying that's automatically what is going to happen but it's certainly possible.

**neckdeep** · 09-28-2023, 03:58 PM

Originally Posted by byates1

You're an idiot. BTC is barely 14 yrs old and was over a trillion at one point. I'd call that one hell of a rally.

You are myopic, keep buying cigs and beer everyday wondering why you have nothing.

Bwahahaha. "Myopic" sez the guy calling a 50% collapse in capitalization and an 85% decline in volume a "hell of a rally".

Still living in bizarro world or November 2021.

**byates1** · 09-28-2023, 04:06 PM

I bought my first BTC in 2013 son.

**Bunion 2020** · 09-28-2023, 04:41 PM

Not saying that's automatically what is going to happen but it's certainly possible.

As is a Martian invasion, a planet killing asteroid or me winning the Powerball Jackpot.

**byates1** · 09-28-2023, 05:26 PM

No. It's only a percent or two of the above mentioned markets. Gold is a 13T space. BTC was 1T at 50k BTC.

If you don't think BTC can become a 10/20T space well fine. But when it is make sure you check in here for your humble pie.

**bennymac** · 09-28-2023, 05:52 PM

https://www.instagram.com/reel/Cxs9m...RlODBiNWFlZA==

#probablynothing

**byates1** · 09-28-2023, 06:13 PM

Funny

This is the BTC thread bennymac. I know that sends you off your rocker.

**bennymac** · 09-28-2023, 06:31 PM

Jesys fucking Christ it’s so incredibly pathetic how that gets trotted out by the cult members here who have all made posts about Luna, FTX, doge, ETH, gold, equities, banking, NFTs etc etc etc ad nauseum - but you all cower back to “um actually excuse me this is the Bitcoin thread mmkay?” as soon as someone’s posts hits a little too close

This is the padded room asshole. You know this. The other losers who say “this is the Bitcoin thread!” know this. We know you know this.

There isn’t going to be a Bitcoin thread and an ethereum thread and a NFT thread and so on. Get over it. Or don’t. No one thinks you’re doing anything else but proving you’re a triggered snowflake anytime you say shit like that LOL.

Vibes.