This might seem a bit daft, but while reading the comments of a video unrelated to cryptoc CAurrency I ran into some people talking about it and how much money they were making. Anyway, they were going on and on about how some guy called âExpert Larkâ and âMr. Larkâ was making them rich. Some of it seemed serious, and some seemed almost cult like.
Whatâs up with this? I looked him up and he seems to be real, but not knowing much about this I donât know what to take seriously and what not to.
If I got it right heâs an investor but that is about all I got.
Ah, so you donât know what inflation means. Maybe go read about it. lol
Honestly, most of the stuff you write is so dumb, itâs not even worth addressing
Fave fun staying poor 
Actually if more people will put money into it, the value will change accordingly to speculation more than to inflation of dollar. Bitcoin can go up or down, accordingly to what happens to bitcoin in longer or shorter timespan.
It really is a bad investment. It is good speculation tool.
The best investitions are tied into technologies of production and workforce.
The level of risk undertaken in the transactions is the main difference between investing and speculating.
Hindsight is 20/20.
Anyone that says bitcoin WAS a bad investment is⌠ignorant to finance weâll just say. When bitcoin came out I looked into it because I could trade something like 3 PLEX (when they were a month each) for 3 months of WoW. Obviously I never did it because Iâm not typing this from a Penthouse in Dubai.
Right now the place to be is producing bitcoins. When the market crashes sell your gear.
Once again, its bad investment, its good speculation.
You dont invest in the gambler, you invest in cassino. Because gambler will make or lose money, and cassino will always make money.
Tell us an investment that has performed better over the last decade
They canât even give me my private key from BlockChain and inform me properly about it.
At least, if you are going to create encryption to transfer values,
donât make it so confusing and not list the procedure,
as if to hide it in confusion, which is also linked to 1984 military activity due to risk.
What are you confused about? Maybe I can help.
A private key someone else already knows about isnât really worth a lot. You should always generate your keys yourself on a special device that always stays offline, like a hardware wallet. At least for non-trivial amounts.
And that cold wallet will be lost if something happens to your brain, or to the cold wallet. People are also mortal so it will be lost upon your death if you dont share keys, and for that you have to plan. Keys are more vulnerable than a slab of gold laying forgotten on a sidewalk. They are not even physical. They are like virtual gold thats nowhere. Or on the end of rainbow.
Every cold wallet I know uses deterministic wallets where you get 26 words you can backup to restore all the keys on every other device. You can even buy sets to backup them on metal.
Depending on the amount you store or the paranoia level you can also create multisig wallets that require n out of m signatures from different wallets so if one of your keys gets stolen they canât access your funds. Then you deposit the backups in different places and make sure the right people get access to it in case something happens.
You also donât have to put all the eggs into one basket you know.
But yeah, it kinda looks like taking responsibility is too scary for you, so you are probably better of if others manage your money.
No, you just think that bitcoin is magically immune to inflation. In the real world prices are set in normal currency, not in bitcoin. So if all US dollar prices go up by 5% then all bitcoin prices also go up by 5%. The buying power of your bitcoin decreases exactly the same as the buying power of your dollars.
The only reason you arenât seeing this is that bitcoin is currently a volatile asset in the middle of a bubble caused by market speculation and its price is increasing at an unsustainable rate, offsetting any loss of buying power due to inflation.
Honestly, most of the stuff you write is so dumb, itâs not even worth addressing
Translation: you have no response to criticism but petty insults and evasion. Thank you for conceding defeat on all points.
Not for the average person. Without dedicated ASIC farms located in a country with cheap electricity the cost of running bitcoin mining hardware is more than the value of mining.
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If tinfoil hats are your thing then bitcoin is great! Out in the real world there is no reason to âtake responsibilityâ by using an awkward and less secure system that exists purely for ideological reasons.
Imagine taking out a home loan repayable in bitcoin over 30 yearsâŚ
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I actually addressed all of your âargumentsâ at some point in this thread or the previous one. That didnât stop you from not actually addressing the counter points and just repeating the same shite a few posts later.
If you would actually make a reasonable point that wasnât beyond stupid I would address it again.
I think theyâre going to have some 2,000 years old case for which they use the exact same date, which they never dealt with before (properly, or paid the proper respect to, or that they expected that their descendants would be disrespectful towards them as they are disrespectful towards them).
No you didnât. You went off on some random tangent about other stuff and ignored the point that your claims about the present success of the PoW model vs. PoS model are false. You canât provide any examples of genuine success by PoW so you had to derail everything into more speculation about how you really believe that PoW will someday do something.
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To be fair, itâs of considerable help to the libertarians who experience genuine pain and suffering every time theyâre forced to interact with a system that is not sufficiently ideologically pure.
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Libertarians are idealistic anarchists. The actually believe the govât is worse than having warlords.
Oh, really? So a market cap or combined 1.2 Trillion of the two leading cryptos (Bitcoin and Ethereum) that completely dwarf anything else in crypto, not to speak that most other cryptos are just tokens on Ethereum are both based on PoW is not enough? Or that this are basically the only chains that have actual traffic and real world relevance?
PoS wherever it was implemented failed. I addressed this before and you skipped over it and just pretend now I donât because that how you discuss. Look at EOS when you want a prominent example of how this ended just in completely desolate state and a project no one uses because no one want to exist in a system controlled by a hand full of whales.
Now Iâm still open to being proven wrong, but letâs not do experiments in production ok? If any of the new chains like Cardabo or Polkadot, or especially Eth2 shows that they can reliably run a PoS system under heavy load for years and donât devolve into a complete mess that looks like it came directly out of a dystopian fiction novel I will gladly admit that PoS is the way. Until then, I have seen enough âprovenâ and âelegantâ concepts in IT that fell completely apart once they hit production loads.
Wat?
PoS or PoW has one purpose only, to find consensus in a decentralized network. You can pretend âit doesnât do anythingâ all you want, it is there to find consensus and this it does and has shown to be working for over a decade now.
I donât consider the energy consumption an issue because it uses electricity that can be completely produced by renewable sources. But itâs not like the people who bash PoW because of energy give a â â â â about the climate anyway, else they would go after fossil fuels and not about an easy target that can actually exist completely without fossil fuels.
You know, electric car = good, electric money = bad.
PoW is actually an opportunity for renewables to increase their profitability. Since their production fluctuates heavily and doesnât always line up with consumption they canât just always produce at may capacity. If they could sink that (and that partially already happens) into mining they would increase the profitability greatly. Since it is completely decentralized and doesnât depend on anything other than a simple internet connection it can go wherever it is needed.
Obviously it should be illegal to mine with fossil fuels, that goes without a saying. In my opinion EVERYTHING using fossil fuel should be illegal because that is the actual issue. Not a single drop of oil and not a single brick of coal less will be burned if PoW would vanish tomorrow.
So I outlined my reasoning in detail, now do me the favor and put some thought into your answer and not just the generic bs you read somewhere without actually knowing how stuff works.
But he will never need credit. He have bitcoin. And it will rise and rise in value, forever. 
Imagine people take credit to âinvestâ in bitcoin.