06-12-2021, 03:35 AM
(This post was last modified: 06-12-2021, 05:23 PM by HereOnThePrimalEdge.)
Bitcoin is the largest distributed supercomputing project ever undertaken by human beings and the final product is.... absolutely nothing.
Yes, and no.
Bitcoin has a value, as long as other people agree on that value. Just like US Dollars. What is a pre 1964 quarter worth? About $5.00 in silver, more if it’s a collectible. What is a 2020 quarter worth? 25 cents to most Americans. But what if there was an economic/financial collapse? The metal in a 2020 quarter would be near worthless, or like bitcoins, on what people agree it’s worth. A $100 bill is nothing but paper. I have some DM100,000 Deutschmarks, unfortunately they’re from before WWII, so worthless. I can’t use them to buy a brand new top of the line BMW convertible, but if I could I‘d sure look good out on Highway 130 when I drove to Hilo for my shopping at Target where I wouldn’t care how much the toilet paper cost this week. I can dream, can’t I?
... out-of-touch and obtuse lawmakers...
And without the skill set of leaders in a third world banana republic who can spot an opportunity when it’s erupting in their own backyard.
Yes, and no.
Bitcoin has a value, as long as other people agree on that value. Just like US Dollars. What is a pre 1964 quarter worth? About $5.00 in silver, more if it’s a collectible. What is a 2020 quarter worth? 25 cents to most Americans. But what if there was an economic/financial collapse? The metal in a 2020 quarter would be near worthless, or like bitcoins, on what people agree it’s worth. A $100 bill is nothing but paper. I have some DM100,000 Deutschmarks, unfortunately they’re from before WWII, so worthless. I can’t use them to buy a brand new top of the line BMW convertible, but if I could I‘d sure look good out on Highway 130 when I drove to Hilo for my shopping at Target where I wouldn’t care how much the toilet paper cost this week. I can dream, can’t I?
... out-of-touch and obtuse lawmakers...
And without the skill set of leaders in a third world banana republic who can spot an opportunity when it’s erupting in their own backyard.