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

[shovelquest]

thanks obama

[Ekco]

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

Bitcoin hits all-time high above $125,000
Reuters
•
2h ago
[You must be logged in to view images. Log in or Register.]

95,970.40
-3,788.30
(-3.80%)
As of 5:58:00 PM UTC. Market Open.

still a ways to go before 40k but i eagerly wait to laugh about it in this thread.

[kjs86z2]

buttcorn

[MrSparkle001]

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

Is $24k really a good price for proof that someone's computer ran a pointless set of hashes?

I know, it's so dumb. But there's legit value in it even if it's incredibly volatile.

[starkind]

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

Computer hardware, the internet, and lots of electricity for nodes and interconnects are all required for digital currency.. cut off the supply to any one of them, and your digital currency fails.

Nevermind that the hashes being churned are pointless, and it's all a waste of resources.

What if the hashes or whatever a coin was where encrypted AI generated WoW fan art?


What if our lives and DNA are just holography of bitcoins in some giant computer. Like a side effect of the fields from the storage of the coins. The possibilities r heck'n endless m8.

[Reiwa]

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

Computer hardware, the internet, and lots of electricity for nodes and interconnects are all required for digital currency.. cut off the supply to any one of them, and your digital currency fails.

Nevermind that the hashes being churned are pointless, and it's all a waste of resources.

Did this crypto shit all come out of that enzyme folding computer work thing and the looking for large prime numbers ones?

[starkind]

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

Folding@Home is still running, folding proteins for science. The project put out a white paper last year with some results.

The e-coins, so far as I'm aware, have never produced anything meaningful. They're designed like an mmo, to just consume a lot of time and resources.

Yep. Their product is only work, so, entropy.

The real #1 physics question is can information balance or even reduce entropy. (It cannot on a cosmic scale, only small scales locally in open systems)

[Jibartik]

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

When you send digital currency to a random, wrong wallet because a business hasn't figured out their shit, will there be someone to call and fix the issue?

Since you are upset that I dont have a "discussing" the current conversation, the BANK that uses crypto would.

Im saying that our currency system is inifeicent, and requires a lot of exchange of information that requires a lot of infrastrucutre, and that if the GOVERMENT and the BANKs were using crypto currency instead that all of that would go away.

But none of you can really hear that because you're hung up on Bitcoin. Or some 3rd party XPS

I specifically said that 3rd parties are the inneficency that are required to transfer money because banks cant do it on their own because it requires so much infrastructure that they just charge you 50$ bucks to do it, and ask you for information like your personal address, account numbers, and all kinds of info that makes transfering money a costly, time consuming, and inefficient waste of time.

My entire post was about how CRYPTO can simplify it and it's better for the environment than our current system.

[MrSparkle001]

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

I think the difference is that you perceive the dollar to be more stable than I do.

The real money that we use is not at all comparable to the meme, ponzi scheme money. We need real money to be year-over-year and decade-over-decade stable. Damn hour-to-hour.

I don't think any monetary system whether real, digital or imaginary is stable. It's all built on premise of perpetual growth.

It's way more stable than crypto. That's being proven this week. Look at Luna. No, it's not Bitcoin but crypto in general has zero stability.

You can argue that Bitcoin is crashing right now, and someone else can just as easily argue that it should never have gotten this high in the first place.

[magnetaress]

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

So, guys, have there been any updates since then? I still wonder if Bitcoin will go down. We'll see, but I think it's not the best time to buy it, actually. What do you think about it, guys?

Real question is could it ever come back up above previous levels. There was mass media disparaging it. So the entertainment state has antibitcoin writers attacking it with Propoganda.