Holy fuck BTC is unironically a. Ponzi scam and zero hedge comment section knows it

[Anonymous No.18936386]

https://www.zerohedge.com/markets/paul-tudor-jones-buys-bitcoin-hedge-against-central-bank-money-printing

Forget the article you don’t need to read that. Just go straight to the comments and see zerohedge readers realize BTC is a literal Ponzi scam.

[Anonymous No.18936702]

>>18936386
Top comment

“**** that digital pyramid scheme Bitcoin. **** is absolutely useless. No mass adoption like hodlers were saying in 2017.

I'd rather own something tangible like physical Gold.”

[Anonymous No.18936727]

>>18936386
tl;dr People smarter than your average hodler aren't buying the top.

[Anonymous No.18936788]

>>18936386
hex is better bitcoin.

[Anonymous No.18936813]

>>18936702

There's a reason why the mainstream media loves BTC. The code was neutered early on by Blockstream, an organization backed by banks and financial institutions. When BTC went to $20,000 before, you had $100-dollar transactions and 3-day waiting times; that's why the price promptly crashed to $2500 (87.5%), and has been in limbo for three years. BTC can't support even 0.01% of the world's population without second-layer solutions which track everything you do. Satoshi Nakamoto's original vision has been destroyed. The original devs were either shoved out, or went into voluntary exile, and founded BCH to carry on the original project, which _does_ genuinely allow for decentralized, private, peer-to-peer cash with minimal fees. The BCH community also supports free speech. If you love liberty, support BCH.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

[Anonymous No.18936843]

>>18936386
You mean to tell me that people only invest in things they hope or believe that they can sell for more money in the future? Oh fuck, entire world confirmed as a Ponzi scheme

[Anonymous No.18936860]

>Buying digits in a spreadsheet instead of the money of kings

[Anonymous No.18936905]

>>18936386
How can Bitcoin reach $100k plus if it can't even scale?
>muh it's digital cash
But it can't achieve low fees and near instant transactions like VISA/Mastercard?
>muh it's digital gold meant to be held
But it doesn't have any real value?
>muh supply/demand dude there can only be 21 million bitcoins
What does it matter how many there are if there's no real big demand for them?
>dude you can send money cross border without a middle man!
So it's main usage is for criminal purposes which should justify its market cap of $100b+ even though only about 1% transactions are for criminal purposes?
>DUDE DON'T YOU GET IT THE FEDERAL RESERVE DUDE FIAT MONEY BITCOIN IS GONNA TAKE OVER THE FIAT MONEY SYSTEM THAT ENSLAVES US WITH INFLATION DUDE
But it can't scale?

[Anonymous No.18936981]

LOL the muppets in this thread

[Anonymous No.18937316]

>>18936905
>But it doesn't have any real value?
what's the real value of gold?
Can you eat it?
Can you build something with it?
Can you fuck it?

[Anonymous No.18937426]

>>18937316
You can build lots of things with it.

[Anonymous No.18937507]

>>18937426
it's just a useless shiny rock, it only has value because retards will pay you something for it thinking that the price will go up more
same thing with btc

[Anonymous No.18937523]

>>18936386
>zerohedge

Probably the only place more wrong than /biz/

[Anonymous No.18937557]

>>18936813
good article desu, I had no idea how fucked things were

[Anonymous No.18937561]

>>18936905
>But it can't achieve low fees and near instant transactions like VISA/Mastercard?
Not as I understand it, no

>But it doesn't have any real value?
In the strict sense of the word, yes.

>What does it matter how many there are if there's no real big demand for them?
Stock-to-flow, making it excellent for keeping value.

>So it's main usage is for criminal purposes which should justify its market cap of $100b+ even though only about 1% transactions are for criminal purposes?
As i understand it, it being decentralized just makes it immune to becoming soft-money.

>But it can't scale?
Not in any practical sense. Just like gold had silver, i'm guessing there would have to be an other coin to back up bitcoin for smaller transactions.

t. noob with literally 1 ETH

[Anonymous No.18937601]

>>18937507
Try to build electronic circuit boards with your cryptocurrency in place of gold. Ooops that's right, crypto doesn't actually exist and can't be used for anything. Enjoy your shiny spreadsheet digits.

[Anonymous No.18937720]

>>18936813
obnoxious spamming cunt

[Anonymous No.18937768]

>>18936905
based

[Anonymous No.18937791]

They are right. Bitcoin will soon have no compelling usecase, and as its becoming more centralized, it will lose it lasts advantage

[Anonymous No.18937837]

anytime I want sound financial advice Zero Hedge is the first place I turn. After /biz/ of course

[Anonymous No.18937884]

>>18936813
do you have anymore redpill articles like this anon?

[Anonymous No.18937904]

>>18936386
>zerohedge
That terrible website might as well exist in a subreddit and the comments section under a Yahoo article. LMAO.

[Anonymous No.18937910]

>>18937601
Retard. Most gold in existence sits on monuments, jewelry, vaults, etc. If all that gold got dumped on the market the price would crash to a fraction of what it is.

But the best part about your retard cope was definitely this:
>can't scale
t. Useless neet with 0 software engineering background.

[Anonymous No.18937934]

>>18937601
You really think the gold price is tied to its use as a comodity? Then why did it pump after the GFC? Because electronics become more valuable. Gold is trading way above its intrinsic value as a resource. It's just bitcoin but for boomers.

[Anonymous No.18937957]

>>18937884

https://medium.com/scalar-capital/the-bitcoin-cash-story-e55b277491f9

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

https://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374

https://medium.com/@johnblocke/r-bitcoin-censorship-revisited-58d5b1bdcd64

https://www.youtube.com/watch?v=UYHFrf5ci_g

[Anonymous No.18937981]

>>18937957
going to read all, ty anon

[Anonymous No.18937991]

>>18937910
"Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack. To put it in a nutshell, the security of a proofof-work blockchain suffers from a commons problem[9]. Core developer Mike Hearn has suggested the use of special transactions to subsidize mining using a pledge type of fund raising[10]. A robust currency should not need to rely on charity to operate securely"

[Anonymous No.18938003]

>>18937957
ugh another bcash shill. Almost had me going

[Anonymous No.18938009]

>>18936386
Zerohedge comment section is full of boomers with 60iq the content the site has is pretty good tough

[Anonymous No.18938046]

>>18938009
yep
I bet the all hold etfs too

[Anonymous No.18938112]

>>18938003

Bitcoin XT, which Mike Hearn talks about in his article, is essentially BCH. Mike Hearn is sympathetic to BCH. That's why he does AMAs on their subreddit, even though he has nothing to do with Bitcoin any more (I do not post on Reddit, I am simply pointing out a fact).

https://www.reddit.com/r/btc/comments/89z483/ama_ask_mike_anything/

[Anonymous No.18938185]

>>18937601
If gold wasn't a speculative asset it would be worth less than 10$ per kg

[Anonymous No.18938215]

>>18938185
Ok buddy. Thousands of years of human history must be wrong.

[Anonymous No.18938237]

>>18938185

Gold is intrinsic value + speculation. BTC is simply speculation.

[Anonymous No.18938262]

>>18937601
Pk Richard

[Anonymous No.18938298]

>>18936386
Fuck off Richard, you look like a fat Jewish woman.

[Anonymous No.18938579]

>>18938237
you dont care about practical use or real value you are in it for the speculation

[Anonymous No.18938616]

>>18936813
You're terminally retarded and/or a paid shill.

t. Someone who sent a 3500$ dollar transaction when BTC was 18,000$ and paid 1$ in tx fees only to be included in the next block because I was anxious

[Anonymous No.18938624]

>>18938237
Why only have a little speculation when you can have all of it?

[Anonymous No.18938771]

>>18936702
>gold is a centralized ponzi
>bitcoin is a decentralized ponzi
Place your bets ladies and gentlemen

[Anonymous No.18938786]

>>18938771
Ok Richard

[Anonymous No.18938791]

>>18936813
Im on your side brah. But the one bit question for me is. Why BCH when there is also ethereum?

[Anonymous No.18938808]

>>18938771
>Gold has existed for millennia
>BTC isn't old enough to drive

[Anonymous No.18938898]

>>18938808
Bitcoin is up 40% for the year.

[Anonymous No.18939083]

>>18938898
Speculative assets are volatile? Who would have thunk

[Anonymous No.18939224]

>>18938791

I don't know enough about Ethereum to be sure. Some people say that Ethereum and BCH serve different purposes (smart contract vs peer-to-peer cash) and will coexist. Other people say of Ethereum, first, that it is centralized, secondly, that it has security issues, and thirdly, that it has even greater problems with scaling than BTC. See picture.

[Anonymous No.18939308]

>>18938624

Pure speculation inevitably fails. We speculate on something by going over and above its intrinsic value. But if there is no intrinsic value in something, there is, ultimately, nothing on which to speculate. That's why gold never goes below $1000, but pet rocks can go to zero. And BTC.

[Anonymous No.18939354]

>>18939308
>BTC = pet rocks

Jesus christ, you really are a boomer.

[Anonymous No.18939384]

>>18936813
You could just issue physical btc wallets with a super fast eth smart contract to verify. This is a counter to your paneer shit smelling post about “3 day wait time $100 transactions blah blah I’m brown buy my shill!” It’s a store of value but you could easily transact it instantly. Nigger brain retard

[Anonymous No.18939394]

>>18939354

I'm going to presume you are, since you're so obsessed with the idea of age. People tend to hunt for perceived faults in others which they despise in themselves.

[Anonymous No.18939434]

>>18939384

Jorge Stolfi:

"If the LN becomes centralized into one big hub and everybody connected to it by one channel (which so far seems inevitable, for economic and technical reasons), then there will be no privacy. As the middleman of every payment, the hub will know instantly who is paying (or trying to pay) who.

But let's pretend that the LN can be decentralized, with channels distributed among thousands of independent hubs and millions of users.

One "interesting feature" of the LN is that channels and nodes must be long-lived entities, that will be used for dozens or thousands of payments; and each channel connects two fixed nodes. In contrast, a raw bitcoin user can create a new address for each transaction; and a spook can guess that two addresses belong to the same person only if they are both used as inputs of the same transaction -- at which point that information becomes largely useless.

Moreover, while a bitcoin address is just an immaterial pattern of bits, with nothing that ties it to the "owner", an LN node is a computer, that must be online in order to send or receive payments, and must be reachable by other nodes through a specific IP or onion address. Therefore, it will be much easier for a spook to determine the physical location and physical identity of the owner of a given node. In fact, large hubs will have to collect that information in order to comply with KYC/AML laws.

Also, when Alice sends a payment to Bob on-chain, Bob can check that the payment was sent at any later time, without having to contact any specific server. If she uses the LN, on the other hand, Bob must be online and interact with her (or with the middleman nodes) in order to receive the payment. Thus it will be much easier for a spook to detect that Alice paid Bob -- by timing analysis of internet accesses, if nothing else."

[Anonymous No.18939451]

>>18939394
No, I'm obsessed with pussies who can't see whats right in front of them due to ther inability to understand that they could be wrong. Bitcoin is not going anywhere. Even if you are an ultra bobo, you need to come to terms with the fact that there will be at least one more bubble.

[Anonymous No.18939461]

>>18937561
You’re gonna make it pal. Let’s go and remember buttcoin will always go up and always go down but It usually always trends up. It’s the easiest thing to make money on if you aren’t scared and take 1 day to create a strategy and not get greedy or scared.

[Anonymous No.18939491]

>>18936813
Based

[Anonymous No.18939504]

>>18939451

It's idiotic to buy into a pure gamble when you buy can simply buy gold as an inflation hedge and know that you'll double your money. BTC may go into one last bubble, or it may simply crash. You have no way of knowing which will prove to be the case. In any event, the main point which I've made in this thread is that people shouldn't hold BTC for the long term, because it is fundamentally broken as a cryptocurrency. The only way in which it can truly function is as a tool for enslavement.

[Anonymous No.18939507]

>>18939434
Tldr nigger: accumulate sats

[Anonymous No.18939602]

>>18936386
Reminder '17+ fags opinions are worthless

[Anonymous No.18939603]

>>18939504
t. BSV shill

BTC is the greatest speculative asset of all time. If it goes to zero, I've lost all my savings and I'm in a little bit of debt I could pay off with a fucking mc job. If it goes to 100k, I have a pretty nice stack of cash to put into less retarded assets. The pain of losing it all is minimal to the pain of seeing BTC go to 1 million in 2030 and being left behind. I made that mistake in 2013 and in 2016. You can't fool me.

[Anonymous No.18939640]

>>18936386
The absolute levels of cope in the comments are fucking hysterical. The real question is why are Zerohedge users all brainlet as fuck?

[Anonymous No.18939682]

>>18939640
Isn't zero hedge nothing but autistic austrian perma bears?

>cry about the fed and inflation
>still hate bitcoin

[Anonymous No.18939737]

>>18939603

>If it goes to 100k

That's literally impossible. You cannot get to that kind of market-cap via speculative greed. If we get another bull market like 2017 again, all BTC's flaws will come out and be exposed. Its speculative limit is a yearly pump-and-dump, cried up by Youtube moonboys and eventually profited from by whales, who understand the scam. That's it.

[Anonymous No.18939779]

>>18939640
zerohedge started in 2009, at the BOTTOM of the stock market decline during the great financial crisis. It really got going and gained traction when gold was at its peak in 2011 at $1900.
So basically, anyone who has been taking zerohedges advice to stay away from/short the US stock markets and invest in precious metals is negative/missed opportunity.

[Anonymous No.18939780]

>>18939737
Newfag detected. You really think 2017 was the first time something like this happend, don't you?

[Anonymous No.18940644]

>>18939603
I like your reasoning. there is nothing wrong with speculation. it's all about risk/reward. Personally i don't give a flying fuck about the fundamentals of BTC i only care about the perception and if alot of people are buying into it. The asset itself , who cares

[Anonymous No.18940668]

I have a chance to NEET and learn on my own and obtain a plot of land without having to adhere to anyone's rules and standards, I need money to pay for things, I need physical assets beyond the land. The Bitcoin I earn and trade for will have value consisting of the work and time I put into obtaining it, and no one can ever take that from me, even in death. If it plummets and dies, oh well, I've lost nothing but the representation of a moment in time, but the family will argue about how much it's worth and who gets it when I die. Then the joke will be on them.

[Anonymous No.18940770]

>>18940668
What "work" did you put into it, besides sitting on your ass staring at a computer monitor?