Bitcoin on the path to irrelevance?

111,545 Views | 1822 Replies | Last: 2 days ago by Yukon Cornelius
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In reply to hunter2012 • 9:15a, 3/11/24
hunter2012 said:
This as well as the banking system's shenanigans I think smart folks are trying to get their assets safe from the US dollar.

We are headed for catastrophe with the debt and interest on the debt. The interest is already above what the military budget is. Adding $1 trillion every 100 days!

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TexasRebel
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In reply to Algorithmic Epiphany • 9:51a, 3/11/24
AG
Algorithmic Epiphany said:
p-townag said:
More irrelevant today, right? Right?! RIGHT?!!

Despite bitcoin's irrelevance, this seems relevant



You keep posting these twits like anyone can read them.
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Algorithmic Epiphany
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In reply to TexasRebel • 10:15a, 3/11/24
I keep forgetting that there are braindead people here that won't look at x threads.
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drcrinum
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10:28a, 3/11/24
As of this morning:

Market capitalization of Bitcoin = $1.4 Trillion
Market capitalization of Silver = $1.3 Trillion
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Definitely Not A Cop
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In reply to drcrinum • 10:35a, 3/11/24
AG
drcrinum said:
As of this morning:

Market capitalization of Bitcoin = $1.4 Trillion
Market capitalization of Silver = $1.3 Trillion


A lot less market manipulation with BTC, I can see the appeal.
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p-townag
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In reply to TexasRebel • 11:27a, 3/11/24
AG
TexasRebel said:
No. None is the limit. "More" is impossible.

You must love not increasing your wealth.
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TexasRebel
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In reply to p-townag • 11:29a, 3/11/24
AG
I just buy things that have value.
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p-townag
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In reply to TexasRebel • 11:33a, 3/11/24
AG
TexasRebel said:
I just buy things that have value.

Bitcoin has a free market value of $72,000 per coin. You can keep ignoring that at your peril.
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TexasRebel
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In reply to p-townag • 12:01p, 3/11/24
AG
Bitcoin has an actual value of $0. I'm sure you'll continue to ignore that at your own peril.
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Yukon Cornelius
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In reply to TexasRebel • 12:09p, 3/11/24
AG
I don't think you understand how value works
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La Bamba
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In reply to TexasRebel • 12:10p, 3/11/24
AG
TexasRebel said:
Bitcoin has an actual value of $0. I'm sure you'll continue to ignore that at your own peril.

Well I'll be darn. I never knew Peter Zeihan was an Aggie.

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p-townag
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In reply to TexasRebel • 12:13p, 3/11/24
AG
TexasRebel said:
Bitcoin has an actual value of $0. I'm sure you'll continue to ignore that at your own peril.

I am definitely continuing to ignore your horrible understanding of markets at my increasing financial benefit!
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TexasRebel
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In reply to p-townag • 12:16p, 3/11/24
AG
Just make sure there's somebody left to close the door behind you.

$0, 21,000,000 times is $0.
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p-townag
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12:27p, 3/11/24
AG
I just can't decide whether to trust TexasRebel more or Michael Saylor more. It just seems like maybe, just maybe, Saylor has a little bit better understanding of money, assets, technology and logic. But man, I'll keep working on trying to figure it out.

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TexasRebel
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In reply to p-townag • 12:29p, 3/11/24
AG
Ask him to define "useful".

He needs an answer other than "to hold it" or "to sell it".
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p-townag
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In reply to TexasRebel • 12:31p, 3/11/24
AG
I've answered the usefulness in detail twice. I'm not going down your rabbit hole of nonsense again.
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La Bamba
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12:32p, 3/11/24
AG
Does anyone know since what date TexasRebel has been arguing BTC's case for in this thread?

I tried going through the thread but got tired of looking when he first made his appearance.

Anyone know?
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The Porkchop Express
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In reply to La Bamba • 12:42p, 3/11/24
AG
La Bamba said:
Does anyone know since what date TexasRebel has been arguing BTC's case for in this thread?

I tried going through the thread but got tired of looking when he first made his appearance.

Anyone know?
Has anyone ever seen TexasRebel and Nakoshi Sakamoto in the same room together?
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Definitely Not A Cop
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In reply to TexasRebel • 12:44p, 3/11/24
AG
TexasRebel said:
Ask him to define "useful".

He needs an answer other than "to hold it" or "to sell it".


He has.
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La Bamba
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12:45p, 3/11/24
AG
Found it.

TexasRebel,

You first made your comments known to this thread about BTC's lack of value on November 30, 2022. The closing price of BTC on that day was $17,168.

Now this isn't financial advice, but had you invested in BTC at that point instead of investing all that energy trying to convince everyone else on this thread about its inherent value of zero, you'd be up 322% on your investment in 17 months.

Trust me. Making money is much funner than arguing and consistently being wrong.
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bmks270
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12:50p, 3/11/24
AG
Thought experiment
Which is more useful.
You will be the only owner in the world.

Owning all the worlds:
Land
Gold (and gold mines)
Microsoft Stock
Bitcoin (and Bitcoin mines)

If you're the single owner, which is most likely to have buyers lined up to purchase?

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Definitely Not A Cop
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In reply to bmks270 • 12:54p, 3/11/24
AG
Bitcoin
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TexasRebel
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In reply to bmks270 • 12:58p, 3/11/24
AG
bmks270 said:
Thought experiment
Which is more useful.
You will be the only owner in the world.

Owning all the worlds:
Land
Gold (and gold mines)
Microsoft Stock
Bitcoin (and Bitcoin mines)

If you're the single owner, which is most likely to have buyers lined up to purchase?



You ain't no kind of man if you ain't got land.
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TexasRebel
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In reply to La Bamba • 1:00p, 3/11/24
AG
There you go again.
Incorrectly assuming I'm wrong.
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TexasRebel
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In reply to The Porkchop Express • 1:01p, 3/11/24
AG
The Porkchop Express said:
La Bamba said:
Does anyone know since what date TexasRebel has been arguing BTC's case for in this thread?

I tried going through the thread but got tired of looking when he first made his appearance.

Anyone know?
Has anyone ever seen TexasRebel and Nakoshi Sakamoto in the same room together?


Things are going to get weird when they change the genesis block.
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Algorithmic Epiphany
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In reply to La Bamba • 1:02p, 3/11/24
La Bamba said:
Does anyone know since what date TexasRebel has been arguing BTC's case for in this thread?

I tried going through the thread but got tired of looking when he first made his appearance.

Anyone know?


He's been the cause of immense levels of frustration leading to my own belligerence and eventual thread deletions spanning as far back as 2014 or 2016 or so. This is a relatively new thread.
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bmks270
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In reply to Definitely Not A Cop • 1:03p, 3/11/24
AG
Definitely Not A Cop said:
Bitcoin

HA!
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PA24
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1:03p, 3/11/24
AG
I am bullish on BTC
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Algorithmic Epiphany
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In reply to bmks270 • 1:04p, 3/11/24
bmks270 said:
Thought experiment
Which is more useful.
You will be the only owner in the world.

Owning all the worlds:
Land
Gold (and gold mines)
Microsoft Stock
Bitcoin (and Bitcoin mines)

If you're the single owner, which is most likely to have buyers lined up to purchase?


A question like this just proves that there is zero understanding of what markets actually are.

It's as dumb as buffett stating "if I could buy all the bitcoins in the world for x dollars I wouldnt" well no **** Sherlock. What a dumb premise.

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Algorithmic Epiphany
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In reply to TexasRebel • 1:05p, 3/11/24
TexasRebel said:
The Porkchop Express said:
La Bamba said:
Does anyone know since what date TexasRebel has been arguing BTC's case for in this thread?

I tried going through the thread but got tired of looking when he first made his appearance.

Anyone know?
Has anyone ever seen TexasRebel and Nakoshi Sakamoto in the same room together?


Things are going to get weird when they change the genesis block.


Go on.

Define "they"
Define "change the genesis block"

I'm game to hear this one.

/popcorn
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TexasRebel
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In reply to Algorithmic Epiphany • 1:08p, 3/11/24
AG
They: Satoshi Nakamoto
Change the genesis block: change the block that the entire blockchain is calculated against
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bmks270
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In reply to Algorithmic Epiphany • 1:15p, 3/11/24
AG
Don't invest in what you don't understand.

Have I been following that timeless wisdom without realizing it?


I'll steer clear of the unpredictable volatility fueled by "trust me bro" speculators.


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bmks270
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1:16p, 3/11/24
AG
So do most Bitcoin holders assume the OG wallet keys are lost or the OG Satoshi is deceased?

Imagine if the early Satoshi wallets started selling.

There's a few other black swan scenarios, like selfish mining, or future changes or forks that hodlers seem to believe impossible.

I'll watch from the sideline and stick to real estate and equities in awe at The Bitcoin and the mystery that is human psychology.
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Algorithmic Epiphany
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In reply to TexasRebel • 1:18p, 3/11/24
TexasRebel said:
They: Satoshi Nakamoto
Change the genesis block: change the block that the entire blockchain is calculated against


The entire timechain is "calculated" against the Genesis Block? And Satoshi Nakamoto can change it?

Interesting.... how?
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ntxVol
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In reply to TexasRebel • 1:19p, 3/11/24
TexasRebel said:
They: Satoshi Nakamoto
Change the genesis block: change the block that the entire blockchain is calculated against
Can't be done. A new one could be created but would likely be worthless.
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