Like in 1946 when the US had an inflation of 18.1% (Remeber the “peg dollar to gold”-treaty from 2 years before that?) unlike the horrible 4.7% last year. Yes, i remember then the dollar no longer being used again ever. Yes, and then Bitcoin came and fixed EVERYTHING and everyone was RICH and HAPPY,but the US shot bitcoin dead and that’s how everyone had to accept the USD, Yes, those were the days…
And that inflation was caused primarily by budget cuts. Popping a few bubbles. Then the Fair deal adn NATO military spending started. Kinda like what Russia is doing today to make their economy jumpstart again.
Not sure how Bitcoin will come in to save anything at all specifically. But hey, 3rd world countries could go for Bitcoin and hope for the best. Like when they cut out the farmers “because you can just buy bread in a store”. Its the same logic that goes with the electricity. Without near infinite electricity you can’t use BTC. You can’t trust lightning for serious business transactions.
It’s probably the economical system will change. It’s improbably that BTC will be used as no political power is behind the implementation of it. Russia -the only hope for BTC- will actually propose their national digital coin so they can check on everyone’s transactions like Mr. Satoshi.
It isnt going to save anyone or anything. Obviously some people still believe it will tho. Its many years in future since bitcoin was started to be exchanged for money, and it made many people poorer, few richer.
Holding on to the bags was never the best investing strategy btw.
Sometimes I wish I could discuss this topic with people that actually had any argument and can challenge my believes. I do want to know if I’m right or not you know. But usually it’s just complete garbage like this.
At least you did not call me a pedo yet or a biosphere destroyer, so it’s not actually the worst conversation I had about Bitcoin.
Same feeling here. All smoke and mirrors and “USA BAD! GRR, HAT USA!” I do love the occasional cringe in the above posts. It gives me a sensible chuckle.
This is an EVE Online board, where “people like us” enjoy a discussion, even if a at times it gets very difficult and provoking.
Now look, I was all WHOW! Look at the small square to the bottom right, some actually real companies accept Lightning Network Transactions! Total victory. But then I was, aren’t those scammers normally lying? So, I went to look it up… drumroll
McDonalds? ONLY in El Salvador
Wendy’s? ONLY in El Salvador
Starbucks! [*1]
Subway in Moscow and also Buenos Aires. One was in Allentown, Pennsylvania in the USA.
Domino’s and Pizza Hat don’t accept it directly but in some countries they use a payment processor. Kinda like Paypal.
[*1] Although Starbucks doesn’t accept Bitcoin or other cryptocurrencies directly, the Bakkt App allows users to convert cryptocurrency — along with “supported loyalty and rewards points” and frequent flyer miles — into U.S. dollars, and then put that value onto the Starbucks card that is saved in the Starbucks app. But still, it’s not accepting BTC directly. So again, half truth.
Half truths, and plain lies. Extreme obfuscation. Why, does one wonder? Maybe it’s a sign of the times? People saw how tech bubbles went bigger and bigger so they tried. But one day, the bubble will pop. And the question then is “Is the International laundering of money through BTC a dependable enough business for the cartels to keep it running?” maybe, maybe not. But I do not see any other power behind it for the moment.
The worlds reserve currency which is Dollars is crashing and has lost 86% of it’s value over time, economies are crashing and jobs will be lost and you’re complaining about BTC? You’re concerned about the wrong things, BTC and it’s up and down value is absolutely nothing compared to the loss of value in the US dollar.
BTC will always be reactive, if 3 billion people buy £100 of BTC the value of it is revised due to the lower supply. If limited people buy BTC then the price is low and stagnant. You’ll have to accept that is the way BTC works and this will never change.
Celsius Network co-founder Alex Mashinsky was in a defiant mood on Twitter this past weekend. When asked by one user why he had so many enemies, Mashinsky boasted: “because I am winning and giving it all to my community”. Days later, his crypto investment firm is in crisis after it blocked customer withdrawals, a move that shook crypto markets.
This is the person 1.7 million people invested their money with, he has no clue what he is doing and talking about but so many chose to follow.
Greedy people who thought they could triple their money and people who thought they could earn 20% on their investment, yes they are selling.
And I hope they continue to sell until all of the greedy investors, and silly CEO’s are completely removed from Bitcoin.
More countries will adopt BTC since the US dollar has lost 86% of it’s value, then we will see a more humble BTC investor, one who is happy to build their BTC holdings slowly with as little as £10 per month, it will be worthit because millions of other people around the world will do the same thing and create a realistic high value for BTC.
They didn’t, which is why they are all rushing for the door right now.
I rent processing power to crypto miners and i am paid in BTC, I’m not earning much profit at the minute but I am not panicking either. If I have to pay a few pounds towards my electric bill at the end of the month I am okay with that.
People who don’t own any Bitcoin, which is the hardest monetary asset ever created, are gambling. The current monetary system is completely unsustainable. And now they have to pop the speculation bubble it created in an attempt to save it.
Central planing the economy just doesn’t work. All they can do is redistribute wealth from the poor to the rich by means of fiddling with the money supply. This experiment is now running for decades where they siphoned all the increase in production into their own pockets and to finance their wars.
First impressions and all of that. Many peoples initial dealing with BTC was when the price was high and speculated to get higher, many people will always see it as gambling. Then many other people who know exactly what it is will see it as a store of value inflation can’t touch.
