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but the exchanges that Bitcoin trades on can be fiddled, hijacked, and erased from the universe
....The blockchain may be theoretically bomb-proof,...
....The blockchain may be theoretically bomb-proof,...
elected officials in the US love Bitcoin.
Bitcoin is digital gold
Yeah, yeah, I know. I am a stupid podunk closed minded Baby Boomer who refuses to learn, refuses to get with the times, refuses to accept new things. It's different this time, and I don't get it. I don't understand and I am clueless. It's different this time. Just like all the derision I got for not "investing" in dot.com stocks in the mid 1990's, even though I worked in the trenches of bleeding edge tech at the time.
The US doesn't stifle innovation.
Our government, at this point is completely incompetent to stop it.
G36 saysBitcoin is digital gold
Said economists in 1934.
Yeah, yeah, I know. I'm a Clueless Old Fart and It's Different This Time.
They don't give a crap about bitcoin and are too stupid to stop it. Look who's at the wheel. Joe can't even get a sentence out without short circuiting.
store your precious Bitcoin on a hardware wallet. You become your own bank.
Cardano went from 10 cents to $1.15 ! I have over 100K coins of Cardano. That def. allows for a nice pool party in the backyard.
G36 saysCardano went from 10 cents to $1.15 ! I have over 100K coins of Cardano. That def. allows for a nice pool party in the backyard.
You spent $10k on an altcoin? Really?
G36 saysstore your precious Bitcoin on a hardware wallet. You become your own bank.
He got bits on a stick.
What could be safer?
G36 says
Bitcoin is as big of an innovation as the internet.
Why?
Bitcoin is digital gold. In comparison its much better than physical gold.
G36 saysBitcoin is digital gold. In comparison its much better than physical gold.
Bitcoin is only worth what the greater fool will pay for it. Gold has actual value. There is no getting around this problem.
Let’s spell out the more blatant shortcomings of Bitcoin:
I have him on ignore. Thread is much different
Yeh. I dunno why you all bother.
For Instance @onvacation thought that the last Bitcoin will be mined in 2040. I corrected him and posted links that show it will be 2140. He didnt like that and trolls that it will be 2030 without any link/rhyme or reason.
I am amazed that the Ponzi scheme called bitcoin has lasted this long
Bitcoin has sooo many advantages over gold and FIAT
governments can just abolish Bitcoin in a few keystrokes by criminalizing the trade of it and confiscating any theoretical profits from it. They have probably refrained so far because the traffic in Bitcoin is still relatively tiny
Interesting, but it does not bother them that bitcoin makes possible the ransomware industry. Even so, I still find it hard to believe that the FBI/CIA cannot find who is collecting the bitcoin payments. Maybe they are "in" on the ransomware, or they do not want to tip their hand for when they want to go after bitcoin financed political enemies later.
I bet you are! The best thing is, you have seen nothing yet!
Bitcoin is a store of value (aka digital gold)
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Let’s spell out the more blatant shortcomings of Bitcoin: The blockchain may be theoretically bomb-proof, but the exchanges that Bitcoin trades on can be fiddled, hijacked, and erased from the universe, and Bitcoins with them. Remember Mt. Gox? When it went tits-up in 2014, 850,000 Bitcoins vanished (out of the 21 million that can ever be “mined” under the system as designed). Bitcoins were worth under $1000 when that happened. Also, keep in mind is that Bitcoin is meaningless without reliable electric service and the Internet that runs on it. How many Bitcoins were bought-and-sold in Texas those dark days a couple of weeks ago when a blue norther rolled in and the lights went out. Of course, trading Bitcoin might be the least of your problems when the pipes freeze and all the sheetrock in your house gets prepped for a black mold experiment.