Thread: RIP Bitcoin

hmm, why the negativity. bye guys, enjoy your day ranting lol

Hey guys just wanted to ask a simple question. Since I am not quite a bitcoin farmer guy I cannot answer it myself. So, a firend of mine wants to enter the business of mining and is currenntly searching for any info he could find. Yesterday he hit me up with an article https://cloudminingpro.net/blog/how-...-cloud-mining/ and though I've read it through I have literally no idea if my friend can use these advices or are they relevant at all. Can anyone give me some info on whether he should use them or no? Thanks in advance.

I haven't read your link, but something tells me if you're clueless as you say about mining it's probably not the brightest thing you could think of doing.

ask Baldrick, the perfect example of clueless idiot who tried to strike it big with mining, and failed

Ah yes I should've expected you to appear.

Originally Posted by jabir

it's probably not the brightest thing you could think of doing.

followed by coming here for crypto advice.

Originally Posted by raycarey

followed by coming here for crypto advice.

Great buy in time.

how much is it these days ?

Originally Posted by Dragonfly

how much is it these days ?

Like the man said, buy price.

Originally Posted by jabir

buy price.

It's the long term value which "suggests" the reason for holding these tokens. It must have been this time last year when some here were buying hand over fist, how do they feel about their "investment"? Some seem unperturbed others are very quiet.

Originally Posted by OhOh

how do they feel about their "investment"? Some seem unperturbed others are very quiet.

and some have undue interest in other peoples financial position

A year ago many pushed the boat out, some suggested when the price fell it was of no consequence. Is that still their attitude or not. If you are up all well and good. I suspect many were/are not so aware as yourself.

I have to admit the price is still holding good at 6,700 USD

in a real market, not manipulated, the market will have crashed that back to its real token value, that is 1 USD

Originally Posted by baldrick

and some have undue interest in other peoples financial position

Yeah and it's fucking weird.

Reddit r/CryptoCurrency is where you would go to find 'like souls'

Is it that time of the year for a crypto ride again ?
https://cointelegraph.com/news/why-t...xperts-discuss

Originally Posted by OhOh

A year ago many pushed the boat out, some suggested when the price fell it was of no consequence. Is that still their attitude or not. If you are up all well and good. I suspect many were/are not so aware as yourself.

bottom line is losers equal winners, and vicky vercky.

^^ spot on. Time to remortgage me remaining kidney.

Originally Posted by OhOh

Why would anybody be interested in how much money another has? Mr/Mrs/Mxxxx. anybody here could be a pauper or prince, does it matter?

Doubtless in a futile attempt to seek momentary respite from their own hollow, empty and meaningless, lives.

And no.

what does the TD BTC crowd think of 'bitcoin maximalism' at this point in time?

I believe that BTC has governance problems and because of that will be unable to evolve as it will need to in the coming years to have the features it realy needs to become a trustless store of value for the world.

key requirements are decentralised , security , fungability , transaction speed scalable to vast tps and other needs that we do not even know of yet , but the currency needs to be able to add the new features without tantrums

the majority of altcoins are not store of value coins , but they are tokens created via ETH ECR20 mechanism and tracked via the ETH chain , and the reality is most of them are going to end up as deadcoins

the whole coin tech is based on assumptions and "imaginary" foundation of economics

certain economics principles exist because they are fundamentally linked to our way of thinking and taking decisions

those coins are trying to "dictate" us how we should think to justify their buying, so a few can be pleased with their real untold agenda, that is being an illegal currency for illegal activities

Originally Posted by baldrick

I believe that BTC has governance problems and because of that will be unable to evolve as it will need to in the coming years to have the features it realy needs to become a trustless store of value for the world.

key requirements are decentralised , security , fungability , transaction speed scalable to vast tps and other needs that we do not even know of yet , but the currency needs to be able to add the new features without tantrums

the majority of altcoins are not store of value coins , but they are tokens created via ETH ECR20 mechanism and tracked via the ETH chain , and the reality is most of them are going to end up as deadcoins

From my wee understanding BTC will never be able to compete with its nippier rivals and never will, but for what it's worth it is still the grandaddy, and the market dictates that value.

i found this to be a good summary of both sides of maximalism debate...

https://www.coinbureau.com/education...in-maximalism/