Bitcoin is fiat money, too
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Bitcoin is fiat money, too
1–10 of 355 posts
Re: Bitcoin is fiat money, too
#2I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
Re: Bitcoin is fiat money, too
#3ICOs are the hyper speculative .com penny stocks of this particular economic cycle/bubble. A few may rise from the ashes of an eventual burst, and the general idea may be have some validity to it, but most cryptocurrencies are a sham and are going nowhere.
Re: Bitcoin is fiat money, too
#4I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
I don't know if it's a trough or if it's a conclusion.
It's been 8 years now and the use cases for Bitcoin / CC haven't changed. You can buy illegal things and an incredibly small number of real things you can also buy with real money. There is nothing you can do with Bitcoin / CC that you can't do with real money. Nothing you can do that you couldn't do 5 years ago. Nothing new on the horizon. The only reason Bitcoin exists is because if you google "bitcoin price" it says a big number. There is nothing in the ecosystem except that number, and anyone whose entire ego isn't directly tied to that number has no interest in it.
Re: Bitcoin is fiat money, too
#5I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
[deleted]
Re: Bitcoin is fiat money, too
#6I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
I don't know if it's a trough or if it's a conclusion. It's been 8 years now and the use cases for Bitcoin / CC haven't changed. You can buy illegal things and an incredibly small number of real things you can also buy with real money. There is nothing you can do with Bitcoin / CC that you can't do with real money. Nothing you can do that you couldn't do 5 years ago. Nothing new on the horizon. The only reason Bitcoi…
Sure it doesn't. Except you can use it to transfer value without first consulting your potentially totalitarian government without much effort for the first time in the entire history.
Re: Bitcoin is fiat money, too
#7Earlier quoted context omitted.
I don't know if it's a trough or if it's a conclusion. It's been 8 years now and the use cases for Bitcoin / CC haven't changed. You can buy illegal things and an incredibly small number of real things you can also buy with real money. There is nothing you can do with Bitcoin / CC that you can't do with real money. Nothing you can do that you couldn't do 5 years ago. Nothing new on the horizon. The only reason Bitcoi…
Sure it doesn't. Except you can use it to transfer value without first consulting your potentially totalitarian government without much effort for the first time in the entire history.
that's funny, I don't remember consulting my government this morning when I paid for a cup of coffee with cash
Re: Bitcoin is fiat money, too
#8I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
I don't know if it's a trough or if it's a conclusion. It's been 8 years now and the use cases for Bitcoin / CC haven't changed. You can buy illegal things and an incredibly small number of real things you can also buy with real money. There is nothing you can do with Bitcoin / CC that you can't do with real money. Nothing you can do that you couldn't do 5 years ago. Nothing new on the horizon. The only reason Bitcoi…
Illegal things are real.
Real money is in your control, money on an account not necessarily.
Re: Bitcoin is fiat money, too
#9Earlier quoted context omitted.
Sure it doesn't. Except you can use it to transfer value without first consulting your potentially totalitarian government without much effort for the first time in the entire history.
that's funny, I don't remember consulting my government this morning when I paid for a cup of coffee with cash
Did you pay with cash or credit card?
Re: Bitcoin is fiat money, too
#10I think we're approaching a trough of disillusionment with cryptocurrency. There's been a flurry of critical articles, crackdowns, and widespread disillusionment with crummy ICOs.
Bitcoin never escaped the "trough of disillusionment" since its birth.
2008: Satoshi posts a paper to mailing list, nearly everyone declares the idea non-workable.
2009-2010: Satoshi releases software, no one cares. People throw away wallets with mined coins.
2011: A 8-month decline after the first speculative bubble.
2012: "Nothing" really happens price-/news-wise, only minor bubble from $5 to $15 to $10.
2013-2014: A year-long price decline in '14 after mtgox fallout, after the second and third big Bitcoin bubbles in '13.
2015-2016: Price went up from $250 to $1000 among the news talking how "Bitcoin is not cool, DLTs/R3/private blockchains are more interesting".
2017: Price continued from $1000 to $4000. Bitcoin is now finally entering a "trough of disillusionment".