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

[J. Barron DeJong]

Dude, the killer use-case is already here. You can use BTC to send incredibly large amounts of money to anyone at any time without a trusted third party and nobody can stop it. That's it. That's the killer app!

So you admit there’s no reason to expect widespread adoption.

[Bunion 2020]

Except for the criminal element? No.

[up an down]

Exactly...its the greatest technology that is aiding and abetting criminals in the world.

[Dantheman]

Man, if I had a nickel for every time I needed to send incredibly large amounts of money to anyone at any time....

[J. Barron DeJong]

Except for the criminal element? No.

By widespread, I mean there’s no need for a typical man/woman to make use of Bitcoin. Most aren’t making criminal financial transactions, and very very few people make ‘incredibly large financial transaction’, let alone while needing to keep them outside the regulated marketplace.

Like, I’m solidly upper middle class, and the only large financial transactions I ever make are for cars, houses, and retirement funds. All those are with a regulated entity on the other end, so even if they accepted Bitcoin, why do I care that ‘nobody can stop it’.

[bennymac]

Spoiler alert. NFTs are not going away. But people will likely not even know they are using them under the hood and there's a good chances they will be called something else.

Sorry - as you and Byates have repeatedly stated/moderated/policed: this is the Bitcoin thread mmmkay?

[stalefish3169]

By widespread, I mean there’s no need for a typical man/woman to make use of Bitcoin. Most aren’t making criminal financial transactions, and very very few people make ‘incredibly large financial transaction’, let alone while needing to keep them outside the regulated marketplace.

Like, I’m solidly upper middle class, and the only large financial transactions I ever make are for cars, houses, and retirement funds. All those are with a regulated entity on the other end, so even if they accepted Bitcoin, why do I care that ‘nobody can stop it’.

You don't understand it because dollars have always just worked for you.

https://twitter.com/saylor/status/17...1tD085k5w&s=19

Sent from my Pixel 7 Pro using Tapatalk

[Harry]

You don't understand it because dollars have always just worked for you.

Which is why bitcoin is a stupid idea.

[Mustonen]

Dude, the killer use-case is already here. You can use BTC to send incredibly large amounts of money to anyone at any time without a trusted third party and nobody can stop it. That's it. That's the killer app!

Yeah that’s not something the world was missing, and bitcoin isn’t even the best version of that functionality.

Sending incredibly large amounts of money with no fraud protections, immutably, without a trusted third party is a nightmare. Unless you’re a criminal.

[PNWbrit]

Yeah that’s not something the world was missing

It's not something the world needs...

Unless you’re a criminal.

[Bunion 2020]

Quote Originally Posted by stalefish3169 View Post
You don't understand it because dollars have always just worked for you.

Why is BTC valued in Dollars? Asking for a criminal.

[stalefish3169]

Like I said, you all don't understand it because you've never needed to.

https://twitter.com/jackmallers/stat...26612302885254

[Mustonen]

That’s religion, stale. It isn’t reality.

[byates1]

^ you'd prefer your religion, all time high consumer credit card debt levels. Helps your bottom line eh?

[stalefish3169]

Why is BTC valued in Dollars? Asking for a criminal.

You can value BTC in many ways. You can measure against gold if you want. We commonly value BTC in dollars because...wait for it...we're Americans. USD is also the world's reserve currency, so there's that too.

Check out BTC in Argentinian Pesos.
https://tradingeconomics.com/btcars:cur

[Mustonen]

That’s not a logical connection, byates, and an odd deflection from bitcoin as religion.

Why do you feel the need to deflect that?

[schuss]

^ you'd prefer your religion, all time high consumer credit card debt levels. Helps your bottom line eh?

What about the droid attack on the wookies?

[bennymac]

Credit cards?! I thought this was the Bitcoin thread

[byates1]

this is the btc thread benny, not the credit card thread

[J. Barron DeJong]

^ you'd prefer your religion, all time high consumer credit card debt levels. Helps your bottom line eh?

It’s only at a record level if you want to report it in a meaningless way to scare people. Reported in a useful way, it looks like this:



Not so concerning anymore.

[byates1]

are you both in the predatory lending industry?

[J. Barron DeJong]

are you both in the predatory lending industry?

No, manufacturing. Just trying to steer people clear of the ponzi industry.

[byates1]

you mean usd i assume. is there a bigger one?

[mcphee]

F&B director posting all day and evening on a Friday. Lol.

[byates1]