by Zak ➕follow (0) 💰tip ignore
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It's wealth transfer ponzi.
Tesla doesn’t profit does it?
Similarly, my poop has limited supply. But it's not valuable. It can easily be substituted with your poop.
being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account Oil, wheat, and lumber are fungible commodities.
BitCoin:
Before I Start... I've started following this in 2012... and mined in 2014... been in I.T. for 30 years... ok... done
Zak saysSimilarly, my poop has limited supply. But it's not valuable.
BitCoin:
Before I Start... I've started following this in 2012... and mined in 2014... been in I.T. for 30 years... ok... done
A Peer 2 peer network of Decentralized people... no one single owner.
It's a Global programming environment for the secure exchange / transfer of information .
It's not a piece of digital currency... it's a tiny part of it.
It's a protocol for information synchronization. It can precicely and chronologically Time order any data ( Blockchain) and have a built in check for Validity without any central authority.
This Blockchain is the database that is a giant Accounting Ledger, that stores the transmission and receiving of financial information.
This is a public record of Ownership, with ownership rights secured by Cryptography.
The blockchain is combined with encryption functons and database rules to provide people with ownership rights to a certain balance of numbers... DUBBED ... COINS
... One of the challenges......
In Bitcoin you really can't have your "Coins" stolen.
seesaw saysIn Bitcoin you really can't have your "Coins" stolen.
But if you want to sell your "coins" you need to find a bigger fool than the one that bought your coins.
Tell me if I am wrong?
But if you want to sell your "coins" you need to find a bigger fool than the one that bought your coins.
Onvacation saysBut if you want to sell your "coins" you need to find a bigger fool than the one that bought your coins.
Sounds like the current state of housing market in SFBA
That works until that greater fool makes money off of it.
but at least there is a real business behind each share of stock.
It's a protocol for information synchronization. It can precicely and chronologically Time order any data ( Blockchain) and have a built in check for Validity without any central authority.
Finally.. Mining is global... not just China... so the China arguement does not hold major water with me...
seesaw saysFinally.. Mining is global... not just China... so the China arguement does not hold major water with me...
He just bought 1.5B USD worth of Bitcoin and now tweets that the energy consumption is a problem? Who is he kidding....of course he knew this when he bought....So what is he up to?
Until you can throw $5-10M+ at an investment and lose it all, you can't beat the other players. At some point you run out of money after they took all yours.
Bitcoin saysHe just bought 1.5B USD worth of Bitcoin and now tweets that the energy consumption is a problem? Who is he kidding....of course he knew this when he bought....So what is he up to?
We've told you.
I’m not a hater, but it’s ridiculous to brag about owning something which “dips” 48% at any time.
Anything that can fall 48% for no apparent reason is worthless to me.
an asset that is up 500% in a yearThat's the scary part to me, things that are too good to be true usually aren't. The 20's were fun while they lasted.
Bitcoin saysan asset that is up 500% in a yearThat's the scary part to me
Musk was the richest man in the world...then he bought Bitcoin.
The Bitcoin high 64,863 was 48% above 43,705
The decrease from the high was 32.6% of the high.
Whichever way you look at the drop, it’s too big.
I’m not investing in Bitcoin because it’s not an investment.
I’m comfortable with my real investment performance.
Why do you get so snippy? I’m not keeping my money in a checking account.
I’m not afraid to roll the dice but I’m not interested in a game of musical chairs.
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I know it's still up at like 40k, but uhh.. how did 20% of this amazing store of value evaporate in 2 days?
Hint. this is still speculation even though it is up.
Have fun speculating, but remember to limit your exposure, and diversify your investments.