Look I’m sorry but any currency that is based on electricity is the dumbest fucking shit ever and the fact our dollars aren’t based on gold is even fucking dumber. Grid goes down and then what? Fucking retards.
forget the grid going down, even when it works it's pants-on-head retarded. crypto is literally based around the idea of wasting GPU power doing random calculations - up to 80 terawatts yearly in the US alone - so you can have a "proof of work" to present to every other peer and be awarded some money. it's like a satanic inversion of the idea of labor as currency, where instead of getting off your ass and producing something, you just break graphics cards and contribute to 30 kilotons of bitcoin-related e-waste each year. i cannot think of a way to handle currency more wasteful, and more tied to the current status quo which its users oppose, than crypto.
man, imagine whining about taxes but not about bitcoin asking you to pay miners 15 dollars so you can send 5 to someone. can't even buy a fucking happy meal without a 300% commission.
I'm too retarded to get into Bitcoin, but if I had, I'd have sold out ASAP because it would've just been a means to earn American dollars and dip. I can't imagine actually investing everything you have into it.
That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.
Look I’m sorry but any currency that is based on electricity is the dumbest fucking shit ever and the fact our dollars aren’t based on gold is even fucking dumber. Grid goes down and then what? Fucking retards.
forget the grid going down, even when it works it's pants-on-head retarded. crypto is literally based around the idea of wasting GPU power doing random calculations - up to 80 terawatts yearly in the US alone - so you can have a "proof of work" to present to every other peer and be awarded some money. it's like a satanic inversion of the idea of labor as currency, where instead of getting off your ass and producing something, you just break graphics cards and contribute to 30 kilotons of bitcoin-related e-waste each year. i cannot think of a way to handle currency more wasteful, and more tied to the current status quo which its users oppose, than crypto.
man, imagine whining about taxes but not about bitcoin asking you to pay miners 15 dollars so you can send 5 to someone. can't even buy a fucking happy meal without a 300% commission.
I'm too retarded to get into Bitcoin, but if I had, I'd have sold out ASAP because it would've just been a means to earn American dollars and dip. I can't imagine actually investing everything you have into it.
That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.
I am not recommending any asset. But You do know that USD is GUARANTEED to be debased over any long enough time frame?
The Fed was even talking about printing massive amounts of extra cash whenever official inflation is under 2%.