Comment by AIiscoming
5 hours ago
True and its also not compareable to gold.
But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)
5 hours ago
True and its also not compareable to gold.
But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)
To never have experienced a usefulness of cryptocurrency is a privileged position to be in.
Ah yes lets ignore the tons of co2 which has direct impact of primarily poor people around the whole globe and the energy stealing which also is happening through bitcoin to make the case for alll of this for a handful of techsavy people in a handful of countries who are apparently now able to get their money through crypto but also have to now find people taking this?
Yeah no.
You know what happened in el salvador? A Lot of people got their initial crypto stolen.
And you know what real people do? They use euros and dollars as hard cash. Like i have seen in Iran.
> Ah yes lets ignore the tons of co2 which has direct impact of primarily poor people around the whole globe and the energy stealing which also is happening through bitcoin [...]
That's true for bitcoin, but not for cryptocurrencies in general. Especially those that moved to proof-of-stake.
“Yeah no.”
Ah yes let’s ignore the tons of energy being used in giant data centers run by visa and Mastercard to operate the payment cards used by billions of people around the world.
“Yeah no.”
You know what happened in USA? A lot of people got their cash stolen.
Your arguments are as coherent as the dissonant “Yeah no.”
3 replies →
Well the "non comparability" to gold has to do with the fact you need a functioning network to spend (good luck verifying a key by hand with a calculator). You can spend gold even when you're transacting with the last person on earth.
However the value is as much as people agree to value it and for a typical person both have little utility. Maybe BTC has even more utility because it facilitates remote transfers of value very easily.
So as long as the network exists there is intristic value in BTC. I believe more than one can say about gold.
Still, a good portfolio will contain both gold (in small coins likely as a kind of "war hedge") and BTC as a kind of hyperinflation hedge.
> You can spend gold even when you're transacting with the last person on earth.
Not really. Try using gold in retail.
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1 reply →
BTC has less facility in an emergency because energy is gone, internet is gone, bitcoin miners are gone and nodes are gone.
Your gold might give you food, your btc is rotting on some hard disk on a computer you can't / wont use.
BTC as a hyperinflation hedge? We have seen already what happens to btc when money gets tide: BTC drops.
A dead wallet has better use for Bitcoin though.
We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering checks.
Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.
In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.
Any country which bans Monero and their mixers being sent to exchanges which are then flagged by OFAC on tainted cryptocurrencies.
Nah, you would have a lot more to pay in taxes.
Might as well send it to a dead wallet, it's not real money anyway in many countries as legal tender.
Fair enough
How about they use the bitcoin to donate?