Project 1999 - Bitcoin is Dead

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Quote:

Originally Posted by Reiwa (Post 3480796)

My gaydar has not detected this energy signature before.

Was that big J or formshifter?

What got him banned? Also, damn he revealed himself quick. What a dumb ass

Quote:

Originally Posted by Castle2.0 (Post 3480823)

Source?

As far as inflation, they aren't even on the 15%+ list

Do you think inflation is insolvency? Please stop giving out financial advice, Christ almighty

https://globalinsolvency.com/headlin...-debt-payments

They will default and the IMF will have to save them once President bukkake gets curbstomped

Quote:

Originally Posted by Kaveh (Post 3480837)

Was that big J or formshifter?

What got him banned? Also, damn he revealed himself quick. What a dumb ass

Nobody known to us I think.

Reckon we best all behave for awhile though.

OP should add "bitcoin millionaire" to his signature while he is on break from making sandwiches at Subway.

Kaveh, whether they go insolvent or not is immaterial to the bitcoin value proposition. Getting overleveraged or down bad on one's cash flow is a personal finance problem, not a bitcoin problem.

Holding bitcoin over long periods of time will preserve or even grow your wealth. The turbulence along the way shakes out the greedy, the poor money managers, the fairweather fools, and the like. I love it.

Bard, nah, I only own 0.0000001 BTC. Do not spear phish me. Thank you.

Quote:

Originally Posted by Reiwa (Post 3480722)

And LN has been promoted since like 2016 or whenever that crazy speculative high was.

4-6 years have passed and bitcoin is still trash as a currency.

BTW, the Federal Reserve Bank of Cleveland, your masters, disagree with you.

They released as a part of their working paper series a white paper: "The Lightning Network: Turning Bitcoin into Money"

https://www.clevelandfed.org/~/media...022/wp2219.pdf

Quote:

Abstract

The Lightning Network (LN) is a means of netting Bitcoin payments outside the blockchain. We find a significant association between LN adoption and reduced blockchain congestion, suggesting that the LN has helped improve the efficiency of Bitcoin as a means of payment. This improvement cannot be explained by other factors, such as changes in demand or the adoption of SegWit.

We find mixed evidence on whether increased centralization in the Lightning Network has improved its efficiency. Our findings have implications for the future of cryptocurrencies as a means of payment and their environmental footprint.

Listen to and obey your masters.

You can only transfer at 56kbps. Live cinema in your own home? Dream on.

No vision.

Wait, something that doesn't have a purpose isn't valuable?

Quote:

Originally Posted by Nibblewitz (Post 3480995)

Wait, something that doesn't have a purpose isn't valuable?

Haha, this guy doesn't know what bitcoin is or does, haha.

Castle, I have a sincere question. And I ask as someone who owns a couple bitcoins; what is your opinion as to why the recent drop occurred? I’m lazy and don’t pay attention much.