If you didn't buy Bitcoin at $40,000...

[Jibartik]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

Bitcoin is still ultimately speculation on an uncertain future.

what I mean is the sheer cost of simply transfering money between banks, or between people and setting up payroll is astonishingly expensive.

here are your options for transfering money to someone besides literally giving them cash/check:

1 Paypal, a company of 1500 employees, and all that paperwork and infrastructure costs

2 your bank, like paypal but 10x the employees and infrastructure costs and footprint and costs 3x as much to do same transfer - requires enough information to steal someone's identity (NOT SAFE)

3 another of the many companies like paypal, see the payapl footprint.

bitcoin: payer & payee

the "environmental impact" of bitcoin will never, EVER compare to the impact of any of those other options.

Let alone the costs customers would save by using bitcoin for the same service.

Around the world people can transfer money between each other for goods and services with virtually no other parties involved, through email, instantly.

I mean the net positives of that alone make bitcoin so much better for the environment, and the economy, than nuke power is for energy. It's like the economic version of getting your power from the sun.

There is no reason to use a non crypto based economy at this point, at the very least the new world order should issue one, because paying banks huge sums of money to just destroy the environment is a stupid alternative.

[starkind]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

what I mean is the sheer cost of simply transfering money between banks, or between people and setting up payroll is astonishingly expensive.

here are your options for transfering money to someone besides literally giving them cash/check:

Paypal, a company of 1500 employees, and all that paperwork and infrastructure costs

your bank, like paypal but 10x the employees and infrastructure costs and footprint and costs 3x as much to do same transfer - requires enough information to steal someone's identity (NOT SAFE)

another company like paypal, see the payapl footprint

bitcoin: payer & payee

the "environmental impact" of bitcoin will never, EVER compare to the impact of any of those other options.

Let alone the costs customers would save by using bitcoin for the same service.

Around the world people can transfer money between each other for goods and services with virtually no other parties involved, through email, instantly.

I mean the net positives of that alone make bitcoin so much better for the environment, and the economy, than nuke power is for energy. It's like the economic version of getting your power from the sun.

There is no reason to use a non crypto based economy at this point, at the very least the new world order should issue one, because paying banks huge sums of money to just destroy the environment is a stupid alternative.

Also this. 100%

I'm voting for dogecoinman.

[Kaveh]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

what I mean is the sheer cost of simply transfering money between banks, or between people and setting up payroll is astonishingly expensive.

here are your options for transfering money to someone besides literally giving them cash/check:

1 Paypal, a company of 1500 employees, and all that paperwork and infrastructure costs

2 your bank, like paypal but 10x the employees and infrastructure costs and footprint and costs 3x as much to do same transfer - requires enough information to steal someone's identity (NOT SAFE)

3 another of the many companies like paypal, see the payapl footprint.

bitcoin: payer & payee

the "environmental impact" of bitcoin will never, EVER compare to the impact of any of those other options.

Let alone the costs customers would save by using bitcoin for the same service.

Around the world people can transfer money between each other for goods and services with virtually no other parties involved, through email, instantly.

I mean the net positives of that alone make bitcoin so much better for the environment, and the economy, than nuke power is for energy. It's like the economic version of getting your power from the sun.

There is no reason to use a non crypto based economy at this point, at the very least the new world order should issue one, because paying banks huge sums of money to just destroy the environment is a stupid alternative.

Wrong

[Jibartik]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

Wrong

no way in hell you understand that post

[starkind]

Ya. Digital currency is the future.

I just make fun of bitcoin. There needs to be an upgrade path baked into newer technologies too so old bitcoin can become newcoin easily for a limited time.

Also imagine how awesome a solar flare could be with a digital global currency on vulnerable systems.

[Kaveh]

I’m buying at $10

#BuyrheDip
#DiAmOnDhAnDS
#HODOR

[MrSparkle001]

You're buying what at $10?

[Kaveh]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

You're buying what at $10?

Bitcoin

[starkind]

When real monies start getting converted wholesale to digital currencies that is when to buy in.

The value of a bitcoin is its authenticity...like a non counterfeit dollar or real money. None of it has any real intrinsic value beyond what we ascribe to it socially. We don't "need gold". The governments say you do and create a system where gold has value.

Once the governments place authority behind the authenticity of bitcoin its now just proof of ownership of the pie of coins in circulation and if governments could control the production of coins they would jump on it in a heartbeat because it's way harder to make fake coins than fake pennies. It's also cheeper to store and move around and trade once it's in circulation and way more durable.

As it stands exactly as it is now its virtually play money without a regime change or until governments are the only ones allowed to authorize new coins.

Hope that helps.

[MrSparkle001]

Originally Posted by starkind [You must be logged in to view images. Log in or Register.]

When real monies start getting converted wholesale to digital currencies that is when to buy in.

The value of a bitcoin is its authenticity...like a non counterfeit dollar or real money. None of it has any real intrinsic value beyond what we ascribe to it socially. We don't "need gold". The governments say you do and create a system where gold has value.

Once the governments place authority behind the authenticity of bitcoin its now just proof of ownership of the pie of coins in circulation and if governments could control the production of coins they would jump on it in a heartbeat because it's way harder to make fake coins than fake pennies. It's also cheeper to store and move around and trade once it's in circulation and way more durable.

As it stands exactly as it is now its virtually play money without a regime change or until governments are the only ones allowed to authorize new coins.

Hope that helps.

I feel like I'm already paid in digital currency. I get numbers added to my bank account and I use those numbers with debit and credit cards. I pay my bills all electronically and only ever use paper money when buying gas right now because with credit it costs even more. I can't even remember the last time I held a coin, and I'm being serious.

I know it's not the same thing as crypto but the currency I'm paid in is backed by the federal government, and my bank account is secured. In my remaining lifetime I don't anticipate a collapse of the dollar so I'm fine with it. Bitcoin had a meteoric rise and for some governments it's better to use it than their own currency. Shithole countries are starting that but the big countries like the U.S. and China are working to either limit crypto, regulate it or maybe start their own regulated crypto.

It's also nowhere near as safe and secure as people think. Just look at how much of it has been seized by the U.S. government.