Fear of missing out is a social anxiety stemming from the belief that others might be having fun while the person experiencing the anxiety is not present. It is characterized by a desire to stay continually connected with what others are doing. Wikipedia
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`The Fear of Missing out is a fear of
being desperate of not making
others fear what you want them to fear,
and,
the fear of their not falling pray to your abuse,
by making them seem that
other taxpayers need help,
while they can't help you,
and try to make you desperate,
and lead you into other problems
and harm,
which is harm against people
from your system.
In other words,
lying their teeth out,
and trying to get you and your
wife to feel bad about it,
first,
because you were not married,
then,
because of other misinterpretation of facts,
and,
falsification of reports,
which they then try to blame you for,
as others seek to support their
false claims and so on and so forth,
so much so, that, after a while,
their whole system because based
on how they team up together,
against their target of abuse,
which they then try to represent
as if they fear of missing out,
while they in fact abuse
their property right,
and try to hide theft against them,
and try to abuse them with other
misrepresentation of facts,
to seek to make them
be out of contact with reality,
and other forms of
psychological warfare against them,
such as the fear of missing out,
and other forms of fears,
such as the fear of fear itself,
and such as missing out
the fear or fear itself,
which should be the only thing
they don't miss out.
âŚBitcoing transactions generate 37 billion tons of CO2 per year, and that keeps growing
Ethereum is changing its algorythm to reduce energy consumption by 99%, with a collaborative rather than competitive approach to ledgering. Watchagonnado when nobody buys your Big B from you?
Itâs ok, nobody else has any clue either. Itâs been mathematically proven that nobody consistently out-performs the market average and the sole driver of investment gains is the fact that the market always goes up (when considered over a long enough period). The way to make money (legally) is to live within your means, put regular payments into an index fund, and let the market average do its thing.
Now, if you want to get into cryptocurrency or buying and selling conventional stocks thatâs fine, but you should treat it like a trip to the casino. Set a gambling budget (after all necessary expenses are paid), have fun with it, and stick to a strict policy of never spending beyond that initial budget you set aside. And donât ever look at it as anything other than gambling.
Alternatively, get elected to congress so that you are no longer bound by insider trading regulations, build a network with the industry lobbyists, and make as much money as your conscience permits.
The market always goes up because everybody continues to put their life savings into it. If people ever try to take their money out, it could be a problem.
If every body put money into suicide,
it doesnât mean that the market is good.
The market works with bear and bull and international tradeâŚ
People can take their money out, which, it then is a bull market.
Itâs not a problem, itâs less problem.
The problem is the reverse, when the market is bear, and, whoever has the resources to sell, does sell at bear market, and makes the most money possible.
Then, the market goes down to bull market, again, which solves the problem.
When someone buys bull, all the way to bear, the problem is there again.
However, that is not a problem for the one who is able to sell bear.
That is why some people are rich.
Especially when people put more of their newly printed dollars there. They can print all the paper and people could take it all and buy bitcoin, which will be then worth as much as the money they did put into it.
Like when you had to put your billions in a cart to go to shop buy a potato and onion for dinner. Bitcoin just makes it easier, you go without cart.
But what about other things caused by the printers going brrrrr?
Bitcoin is deeply colonial, deeply extractive, and deeply damaging to the environment and marginalized people around the world
This article is gold.
We will see if this works. There arenât actually any big blockchains with lots of traffic and PoS around yet, and the ones that used to be âaroundâ, like EOS, completely devolved into a cabal of a few Stakers that have the majority and basically dominates the network. In the meantime, my money is on the PoW system that actually has shown to work. If PoS does work as expected and doesnât cause issues, then maybe Bitcoin will update as well, but let the others make the experiments, not the production level system.
And which system is that? It certainly isnât bitcoin, the PoW system that has near-zero practical applications and no viable solution to the constantly increasing hardware demands to run the system.
I worked all weekend on transferring my confirmed transaction code into my new wallet but I was so busy (with other things) that I still didnât manage to complete it.
I think the most trust you will have always to allocate to developers of that software.
And these are people like you and me. They can make errors, are not perfect in what they do, and there are people who gladly take up challenge and stand on the other side of barricades.
Only because you set the incredibly low bar definition of âworkâ where successfully executing the algorithm counts as âworkingâ even if no useful function is ever provided. In reality bitcoin turns an entire country worth of electricity into waste heat and has provided essentially nothing beyond a game of legalized market gambling.
Or I could just point out the fact that if you ever want to do anything but masturbate over how much your bitcoins are âworthâ you have to trust a third-party payment processor to convert your bitcoins into real currency and execute the transaction. You canât seriously call your currency âtrust-lessâ when doing basic functions of a currency requires a higher level of trust than normal currency.
It provides security. What other asset is protected by the equivalent of a whole countries energy usage? That is why Bitcoin is the most secure store of value we currently have.
And carâs are inferior to horses, because there are not a lot of paved streets.
How exactly does a volatile fake currency with no legal protections and highly questionable long-term prospects provide security?
What other asset is protected by the equivalent of a whole countries energy usage?
None, because nobody else is dumb enough to depend on obscene electricity consumption for âsecurityâ.
That is why Bitcoin is the most secure store of value we currently have.
Lolwut? No. Bitcoin is not in any way the most secure store of value we currently have. My FDIC insured bank deposits are far more secure than bitcoin. Because, unlike bitcoin, those deposits are guaranteed by federal law and backed by the US government so that even if thereâs some kind of technical failure I donât lose my money. Good luck getting any of your bitcoins back if your wallet is hacked.
And carâs are inferior to horses, because there are not a lot of paved streets.
Irrelevant. You made a claim about the current accomplishments of bitcoin and its PoW-based system. Bitcoinâs hypothetical future accomplishments are irrelevant.
That is at least consistant with you not getting the volatility to the upside, itâs all speculation on the future.
Maybe Iâm wrong about the future of Bitcoin. Itâs called taking a risk with extreme possible upside. If Iâm right, I will be rich af. If Iâm wrong⌠Ah I already made insane profits and took more than my initial investmemt out⌠Ok, I will not be as rich af.
You on the other hand just lose by default. As all your money is inflating away at 20% per year. But someone has to hold those bags as well right?
So I take it you have no constructive response to US federal law guaranteeing the security of my bank deposits and can only spam nonsense. Ok.
That is at least consistant with you not getting the volatility to the upside, itâs all speculation on the future.
That has nothing to do with the point I was replying to about the proven current accomplishments of the PoW model vs. PoS model. Please stop going off on random tangents to avoid answering criticism.
You on the other hand just lose by default.
LOOK AT ALL MY WINNINGS IN THE CASINO IF YOU DONT GAMBLE IN THE CASINO YOU LOSE BY DEFAULT.
As all your money is inflating away at 20% per year.
You do understand that bitcoin is also subject to the same inflation, right? Because nobody sets prices in bitcoin and you have to pay the same price as everyone else? You just donât see the inflation because the market bubble is driving the price of bitcoin up faster than inflation.
PS: within the past month bitcoin lost over 20% of its value in a week. Iâll take losing 20% over a year to losing 20% in a week, thank you very much.
PPS: the US inflation rate hasnât been above 5% within the last decade. Please at least get the correct numbers if youâre going to attempt to make an argument. Or did you think that nobody would check your 20% claim?
