bitcoin appreciation

[Anonymous No.29554252]

can we take a moment to appreciate how fucking amazing bitcoin is? I know its old news, everyones on to the latest worthless shitcoin, but the more I look into the it the more I realise that this is not just digital gold, this is people flocking to an alternative to the dollar. Its the fraying of the global reserve currency manifesting at the level of everyday citizens; its almost like a pure materialisation of general Will. I unironically think bitcoin will become a global reserve currency alongside a few other strong currencies.

[Anonymous No.29554291]

>>29554252
I mean yeah. Everything you said is why there are billions of dollars invested in BTC.

[Anonymous No.29554393]

i don't believe in bitcoin core anymore or any of the forks, but you're right. the idea of bitcoin itself is phenomenal

[Anonymous No.29554502]

BTC is the embodiment of "you will own nothing, and be happy"

[Anonymous No.29554521]

>digital gold
gets me every time

[Anonymous No.29554639]

>>29554252
Cool story bro. Enjoy paying $50 on gas for every transaction.

[Anonymous No.29554684]

Biggest scam in scamtown

[Anonymous No.29554835]

>>29554639
unlike some of you smooth brained goldfish I mainly just accumulate things Ive determined will accrue long term value and dont move it around (with the exception of my "pnd fund")

[Anonymous No.29555050]

>>29554252
who the fuck wants such a shitty alternative? basically, it's the opposite of what people want from a currency. It's fueled by nothing more than greed, e.g. buy some and then dump on next gen losers. I wouldn't hold even the tiniest amount of value in it. deflationary currencies are pretty much only good for pump'n'dumping.

[Anonymous No.29555289]

>>29554252
What I've realised is that BTC really is old tech that failed to even accomplish the main goals of the Bitcoin whitepaper. It hasn't proved itself as a hedge against anything significant in the economy, its price isn't doing better because of inflation narratives but because of halving events along with undesirable ideologues, spammers, criminals, Russia and China (centralized miners) all behind a trillion dollar industry who benefit from BTC for criminal purposes mostly so pump it by spamming Twitter and everywhere else with cult-like fanaticism.
The fact about the dollar's use rate for criminality is misleading as BTC is used essentially entirely for criminality and that will never change.
BTC will never scale or be updated safely to adapt to quantum computing. The Lightning network is risky and people will just use other cryptos or CBDC's to buy things, never BTC.
The electricity input required will be questioned and seem when other cryptos eventually outpace it past an order of magnitude higher in technological advancement and have more efficient protocols, (POS etc). BTC will seem like a steam engine vs combustion engine, completely ancient and outdated in people's eyes. A joke.

It's a scam, but a scam that might somehow work purely on meme value, which would be a pity. Huge, useless mining infrastructure wasting energy on an outdated technology of solving pointless and stupid math problems.
Bitcoin was never supposed to be "digital gold" according the whitepaper. BTC probably hijacked the real Bitcoin if it's not just a complete failure. "Digital gold" is a cope for the fact that BTC can't do what it was made to do: complete microtransactions seamlessly and cheaply.

[Anonymous No.29555307]

>>29555050
you should spend less time on tibetan yak herding forums and read more macroeconomics articles
the dollar is fraying, confidence in it is fraying at both the institutional and civilian level
if you dont see the writing on the wall youre either retarded or its cope for not buying when you should have
but the second best time to buy is now

[Anonymous No.29555370]

>>29554502
This.

[Anonymous No.29555779]

>>29555289
>BTC is used essentially entirely for criminality
false, its main use is a store of value, its second most popular use is for money changing/remittance

>BTC will never scale
>The Lightning network
the main "2nd layer" solution will be bitcoin banks which issue their own tokens fully backed by bitcoin reserves. This is already happening.

>The electricity input required will be questioned and seem when other cryptos eventually outpace it past an order of magnitude higher in technological advancement and have more efficient protocols, (POS etc)
From a quantity theory of money perspective, higher operating costs (PQ) of PoW and its inherently slower velocity means a higher money supply, ie itll accrue long term value and be attractive to investors. People dont question the energy input of upholding the entire dollar system, but theyll point at bitcoin without realising that a huge percentage of that power is clean energy. Miners choose locations which produce excess electricity that cannot be supplied to the grid due to lack of infrastructure and would otherwise be wasted. In China this means a lot of rural hydroelectric dams, in the US it means utilising otherwise vented natural gas. PoW is proven.

[Anonymous No.29556526]

>>29554252
>>29554835
>>29555307
>>29555779
how much hopium did you inhale?

[Anonymous No.29556822]

>>29555307
If I ever fall for that crap, I'll just buy ETH because it offers everything bitcoin offers and it's actually useful. And hopefully after POS implementation mining nightmare will come to an end.

[Anonymous No.29556923]

They don't call it a "surveillance coin" for nothing. The day I learned governments are able to blacklist addresses on transparent blockchains is the day I sold all my BTC, something this vulnerable to fuckery will never be trusted enough to become "digital gold."

[Anonymous No.29557069]

>>29554252
guys found a chat here https://qdefirating.com/en/projects/ there boards are not archived and a lot of useful information can be more convenient to communicate there?

[Anonymous No.29557090]

>>29554252
>can we take a moment to appreciate how fucking amazing bitcoin is

[Anonymous No.29557239]

>>29554252
The more it grows the more big companies buy in the bigger the rug pulls will be.

[Anonymous No.29557260]

>>29556822
for reasons I briefly mention here >>29555779
btc will accrue long term value while eth will not
read more about it here: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf

[Anonymous No.29557305]

>>29554502
yup, this is why it gets basedjaks excited

[Anonymous No.29557314]

>>29554502
moron, CBDC are the embodiment of "you will own nothing, and be happy"
BTC is full financial sovereignty with unconfiscatable sound money

[Anonymous No.29557363]

>>29557090
this, i made 50k on stocks last year while having no idea what i'm actually doing. i ended up blasting it all on high end liquor bottles.

[Anonymous No.29557395]

>>29555289
>people will just use other cryptos or CBDC's to buy things, never BTC.
and that's a bad thing, cause CBDC are fully tracked by the central banks and will be programmed to burn themselves if you don't consoom fast enough
they will study your spending behavior and then control it, so you will be a full time enslaved wagie that cannot save money cause your savings will just disappear even faster than inflation rate

[Anonymous No.29557405]

>>29557314
>unconfiscatable
Why do people believe this?

[Anonymous No.29557437]

>>29555289
>quantum computing
MORON CONFIRMED
if quantum computing could break sha256, btc will be the least of your problems
and we are probably 50 years away

[Anonymous No.29557475]

>>29557405
CAUSE THE PRIVATE KEYS ARE IN MY FUCKING MIND AND NOWHERE ELSE
YOU CANNOT SEIZE SHIT

[Anonymous No.29557561]

many deniers...bullish

[Anonymous No.29557572]

>>29555779
holy fucking cope. you maxi's are pathetic, desu.

[Anonymous No.29557594]

>>29557475
if they want to take your shit they don't need the keys.

[Anonymous No.29557607]

>>29557561
>many deniers
at this point i really think it's paid central banks shills
wef is probably sending their army here
people promoting cbdc and centralized gov scams is not normal at all

[Anonymous No.29557640]

>>29557090
lol

[Anonymous No.29557645]

>>29557594
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
COPE HARDER
UNCONFISCATABLE
UNSEIZABLE
FULLY SOVEREIGN
SOUND MONEY
COPE HARDER FAGGOT GLOWIE

[Anonymous No.29557683]

>>29554252
Im currently shorting this shitcoin you guys so adore. it is worthless and will be 0$ in 10 years

[Anonymous No.29557712]

only poors hate bitcoin, and jealous poors hate bitcoin and love altcoins. you can tell who was smart by whether they agree that bitcoin is the most important invention since the internet, or if they insist on talking about "blockchain" as if it matters compared to bitcoin

[Anonymous No.29557723]

[Anonymous No.29557724]

>>29554252
people are flocking to bitcoin in order to make dollars you imbecile. it's just another way to make real money, not a replacement.

[Anonymous No.29557757]

>>29557594

[Anonymous No.29557808]

Friendly reminder that Bitcoin can't actually compete with the newer generation of coins and is currently being replaced by Monero on the darknet.

[Anonymous No.29557853]

>>29557723
I'M CRAAAAAAAASHING AAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.29557945]

>>29555289
It's depressing, but this is some FUD that people need to at least consider; especially the part about mining consolidation.
>>29557395
CBDCs are scary af. Mark of the beast tier social control mechanism.
>>29557405
>if quantum computing could break sha256, btc will be the least of your problems
Well, yeah... so why don't you think it will be able to?
People are saying it's gonna be able to break conventional crypto algorithms.

[Anonymous No.29558296]

All you faggots think you're looking at a traditional market curve with your wall Street cheat sheet bullshit and don't realise you're looking at an adoption curve. Bitcoin is unironically going to be a world reserve currency.

[Anonymous No.29558435]

>>29558296
this

[Anonymous No.29558873]

>>29557594
>if they want to take your shit they don't need the keys.