Sounds like btc is good for large amount of transfer as relatively low cost but not really ready for day to day expenses like gas/grocery. Yes?
Bitcoin is over $100k
51–60 of 350 posts
Re: Bitcoin is over $100k
#52Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…
Crypto VC is booming! What the heck are you talking about
Besides an exchange, what company is doing well right now in the crypto space?
Re: Bitcoin is over $100k
#53Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…
Bitcoin is a store of value. Nothing more or less. DAOs and NFTs were just distractions trying to ride the wave. The fundamentals remain strong. It really hasn't changed much in 15 years. The Hacker News comments certainly haven't either. Salty as ever.
How exactly does BTC store any more value than an NFT?
Re: Bitcoin is over $100k
#54Re: Bitcoin is over $100k
#55Earlier quoted context omitted.
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Read some history, bad things tend to happen when a permanent underclass is cut off from ever-expanding wealth.
Ok, where are the bad things from this century caused directly from rich people getting richer and nothing else?
And moreover - tell me how your prosperity harms the poorest in the world and what you’re doing to reduce that gap between you and them.
Re: Bitcoin is over $100k
#56Re: Bitcoin is over $100k
#57Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…
Bitcoin is a store of value. Nothing more or less. DAOs and NFTs were just distractions trying to ride the wave. The fundamentals remain strong. It really hasn't changed much in 15 years. The Hacker News comments certainly haven't either. Salty as ever.
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Re: Bitcoin is over $100k
#58Re: Bitcoin is over $100k
#59Honestly, this is just repulsive. Crypto has brought nearly zero benefits to society and has made income inequality even worse. Not to mention the environmental impact.
I don't see how any reasonable person can celebrate this. Ask yourself who is benefiting most from this.
Re: Bitcoin is over $100k
#60Is there way to quantify how much of the economy these days is "bullshit" (purely speculative assets), and if we are at peak bullshit now as a percentage of total economic activity?
The entire economy outside of agriculture and real estate is basically "bullshit", if you really think about it. The ratio of bullshit to everything else seems to increase over time, though, as a general trend. It's probably correlated to technology.
This seems reductive. Things do get more abstract, yet there is a spectrum of naunce: oil, vehicles, clothing, etc.