Chomping At the Bit! (Any Thoughts on Bitcoin?)

Been in it since 2017…

Yeah, about that...

I've heard a lot of people talk a lot about a lot of those crazy schemes the government has. Nobody has ever told me why the government needs all those crazy schemes. The government can just make more money out of thin air, which decreases the value of the money in my pocket... Which means the government shouldn't have to bother with all those crazy schemes people keep talking about.

If I controlled the only game in town, the game that everybody has to play if they want to survive and get on with their happy little lives, and I could change the rules whenever I wanted... I sure wouldn't have to bother tricking people with crazy schemes.

What I find completely unnerving is how this nation's enemies use this outside of normal banking regulations to fund and pay for activities to harm us. From guns to bioweapons and more....
I don't like the stuff. I don't want any part in it.

No single snowflake feels responsible for the avalanche that destroyed a town. But it should. "Everyone is doing it " has never been an acceptable excuse to God or my parents.

Would you let us know next time you think it's a good buy? I'm considering getting in then, if the opportunity comes up. At least govt. can't just generate bitcoin out of nothing ad-infinitum like they can dollars.

It seems like it has better returns than real estate and start-ups, and getting rid of all that government interference would make it a lot less like gambling. Who knows what crazy scheme the government will dream up next, to enrich themselves to the detriment of everyone else?

When it crashes and all the I told you so it was a Ponzi threads pop up.

Yes, because when you buy Bitcoin, you're buying something that doesn't exist in hopes that there's a bigger sucker out there that will pay you more for it

Yes, because when you buy Bitcoin, you're buying something that doesn't exist in hopes that there's a bigger sucker out there that will pay you more for it

The only company I invest in is Thredup because I shop there a few times per year, but Bitcoin is not a company with a product. It's a currency, and if enough people invest in it, we have just sunk our own ship

it's not a currency, it doesn't get spent.. although you couuld. the network is too slow, there are way better digital assets that serve that purpose. it's a commodity like digital gold. There is a limited amount of BITCOIN to be ever mined, the costs to mine increase every 4 years. Everyone talks about BITCOIN, but no one here I bet has even read the whitepaper.. so they have no idea what they are talking about. That's like saying I know God, but haven't read the bible.

The main difference is I need God and I need the Bible, but I don't really need Bitcoin or the white paper for it.

Sure, but many claim to talk about something they don't know, there is a biblical word for that too.

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank.

it's not a currency, it doesn't get spent.. although you couuld. the network is too slow, there are way better digital assets that serve that purpose. it's a commodity like digital gold. There is a limited amount of BITCOIN to be ever mined, the costs to mine increase every 4 years. Everyone talks about BITCOIN, but no one here I bet has even read the whitepaper.. so they have no idea what they are talking about. That's like saying I know God, but haven't read the bible.

I'm assuming then that you read the whitepaper.

If you had to summarize the 3 most important points you got from it, what would they be?