Ultr said:
Ganoncrotch said:
you left out the part where you come back in 2 days and find your $30 of bitcoin is now worth 30c and you need to get your wallet out anyway.
As for bitcoin to me the things are like Pogs, some people will try to convince you that it has a $ value, even though you cannot spend it like you can $'s those same people try to suggest that dollar value has increased... but really it's based on nothing more than a fad of people who do not understand why a real currency has value as it's guaranteed by a bank rather than a currency based on code.
It can crash and burn along with everyone who thinks it's the next coming of christ for all I care.
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But Crypto and the Tech behind it can be huge for the world.
You should really educate yourself a bit on this topic because its not going anywhere. Yes the value will fluctuate but that is just speculation. But the technology behind it is here to stay.
Also Bitcoin is not the only thing out there
There is even a coin that tries to provide universal basic income to everyone on this planet :D its insane. But hey, what else are humans here for if not for testing new things?
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Unless every single person on the planet agrees that the currency has a value then it is worthless, it's the same value as monopoly money or something you print out on your own PC and printer unless global banks and retailers agree that it has a value.
As for educating myself? I know that "mining" these things now consumes an equal amount of electricity as a medium size country, the one group who are making a very clear and real world amount of money are the electric companies of the world as well as sellers of AMD graphics cards / coolers / PSUs, they are producing a massive carbon footprint for effectively doing completely inane computations to "mine" these things which has a finite amount which can ever be made but at an increased cost per coin generated.
I'm aware of the fact that they're is far more out there than just bitcoins but they all have the same caps in their design by default and they also all suffer from the fact that the majority of the planet doesn't deem them to have any actual value.