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OT: Bitcoin, Altcoins, NFT's & All Things Crypto

RUfromSoCal? said:
i literally posted a video which takes zero effort... not sure what more u want..
but.... dude agrees he's just some Hollywood B-lister - during the Pandemic he wanted to get into crypto trading... used his "hollywood access" to connect with some big hitters -- and after 12 minutes realized they were all full of shit....and couldn't understand how this was happening... and decided to dig......
Click to expand...
So he's important because he has a Youtube video?

On the one hand we have some actor I've never heard writing a book about how he doesn't understand what was happening.

On the other we have the worlds largest asset manager applying for a BTC ETF.

Which do I think is more important? The latter by a huge margin.
 
RU-05 said:
So he's important because he has a Youtube video?

On the one hand we have some actor I've never heard writing a book about how he doesn't understand what was happening.

On the other we have the worlds largest asset manager applying for a BTC ETF.

Which do I think is more important? The latter by a huge margin.
Click to expand...
and they still can't fill out the paperwork correctly........

lolz..............

as I've said.... (a) no one it telling you not to invest.... and (b).nothing makes cryptobrah more angry than people asking questions.......
 
RUAldo said:
Just so we are clear, Fink doesn’t give a flying-F about BTC. He/BlackRock only care about making money. And if a spot BTC exchange-traded fund means more money for BlackRock then Fink will talk it up all day, every day.
Click to expand...

Well yeah. But when one of the largest funds opens it doors to btc, It's not minor.

RUfromSoCal? said:
"shitposting"? hilarious.....

and now you're quoting Larry Fink? yes, put your faith in him....
Click to expand...

Yeah dude. Straight shitposting. Babbling on about some d girl actor and why theyre not in "crypto" And without even paying attention to what he's saying odds are I agree. The crypto space was/is littered with fraud.

If you're looking to actually educate yourself on this not just shitpost, I highly recommend you follow Liron Shapira on Twitter https://twitter.com/liron

Here's another one that flags crypto hacks, rug pulls and scams. https://twitter.com/web3isgreat

And re: Fink. While I dont love his ESG narrative, the fact remains, he's opening up the doors to a LOT of money to enter the space. If you think that's not important, I dont know what to tell you.
 
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xWVU2010x said:
Why does it matter that the man is now talking up the “stick it to the man” currency?
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Because he is the CEO of the worlds largest asset mgmt company, and that company has applied to launch a Bitcoin ETF.

I feel it's more a when, then an if, but once there is approval the demand increases dramatically as, Blackrock, as well as the likes of Fidelity, Invesco etc all set up funds.
 
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RU-05 said:
Because he is the CEO of the worlds largest asset mgmt company, and that company has applied to launch a Bitcoin ETF.

I feel it's more a when, then an if, but once there is approval the demand increases dramatically as, Blackrock, as well as the likes of Fidelity, Invesco etc all set up funds.
Click to expand...

So there is zero change in how the unscalable deflationary currency functions, just more speculation that the dollar value will rise up because more people will FOMO in, is that accurate?
 
xWVU2010x said:
So there is zero change in how the unscalable deflationary currency functions, just more speculation that the dollar value will rise up because more people will FOMO in, is that accurate?
Click to expand...
From a narrow perspective yes. If large asset mgmt firms get into the space via ETF's, demand for BTC is going up significanly.

Now Fink is out there telling us the utilization case of BTC, "digitized gold" and "revolutionizing finance" via tokenization, but even if we want to take that with a grain of salt, or outright dismissal, if these companies can get ETF approval demand should drive the price of BTC higher.
 
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bob-loblaw said:
Well yeah. But when one of the largest funds opens it doors to btc, It's not minor.



Yeah dude. Straight shitposting. Babbling on about some d girl actor and why theyre not in "crypto" And without even paying attention to what he's saying odds are I agree. The crypto space was/is littered with fraud.

If you're looking to actually educate yourself on this not just shitpost, I highly recommend you follow Liron Shapira on Twitter https://twitter.com/liron

Here's another one that flags crypto hacks, rug pulls and scams. https://twitter.com/web3isgreat

And re: Fink. While I dont love his ESG narrative, the fact remains, he's opening up the doors to a LOT of money to enter the space. If you think that's not important, I dont know what to tell you.
Click to expand...

you dont need to "tell" me anything. i just post facts and opinions... and you freakout. all you fanboys do...

it's a scam - make money from it... i have. but, don't tell me it's anything but tulips... you've never, not once, provided a use case.
 
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RUfromSoCal? said:
you dont need to "tell" me anything. i just post facts and opinions... and you freakout. all you fanboys do...

it's a scam - make money from it... i have. but, don't tell me it's anything but tulips... you've never, not once, provided a use case.
Click to expand...
Larry Fink, whose company has $10T in AUM, disagrees with you. :)
 
T2Kplus20 said:
Larry Fink, whose company has $10T in AUM, disagrees with you. :)
Click to expand...
blackrock is an evil entity... with very specific world views and goals... I'm well aware how powerful they are... that doesn't make them right. but, fanbois will fan.. have at it.

I will continue to post articles and opinions I find interesting or consructive... i can't help if you don't like the message.
 
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RUfromSoCal? said:
blackrock is an evil entity... with very specific world views and goals... I'm well aware how powerful they are... that doesn't make them right. but, fanbois will fan.. have at it.

I will continue to post articles and opinions I find interesting or consructive... i can't help if you don't like the message.
Click to expand...
Fink mocked and hated BTC for a very long time. He changed his mind due to use cases and value.
 
RUfromSoCal? said:
you dont need to "tell" me anything. i just post facts and opinions... and you freakout. all you fanboys do...

it's a scam - make money from it... i have. but, don't tell me it's anything but tulips... you've never, not once, provided a use case.
Click to expand...
I've yet to see one "fact" posted.

I don't have the desire or capacity to argue w internet plebs who are obtuse. Wish you the best.
 
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bob-loblaw said:
Per Google's AI SERP results
  • Remittance
  • Digital payments
  • Energy monetization
  • Financial inclusion
  • Anti-censorship
  • Privacy-focused transactions
  • Store of value
  • Alternative to traditional payment systems
  • Identity management
  • Paying employees and contractors
  • Faster transactions
  • Retail transactions
Click to expand...

Basically everything you posted already exists in a more efficient way, Bitcoiners don’t get to copy the current financial system and call it an invention, if it is, then literally any shitcoin off the street can claim the same thing, and that’s why private money failed in this country in the 1800s.
 
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T2Kplus20 said:
Fink mocked and hated BTC for a very long time. He changed his mind due to use cases and value.
Click to expand...
He didn’t change his mind for any reason other than he believes BlackRock can profit from it. No use cases. No value. Just add to BlackRock’s bottom line. Which is fine because that’s why BlackRock exists = to make money.
 
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bob-loblaw said:
Can you expand on this
Click to expand...

Bitcoin is not a company. Its flaws from inception are its flaws now and will always be its flaws. It cannot scale without transaction fee and timing issues, to even start to solve those issues it has to become centralized and use a trusted 3rd party to make up for its shortcomings. Its increased usage leads to more people wasting electricity as the incentive to mine increases. More recently, once thought of unhackable wallets held by tech savvy individuals have been compromised, and apparently people can clog up the blockchain with NFTs and make bitcoin run slower than it already does.

Beyond that, a deflationary currency simply does not work if it ever became the reserve currency for a country, let alone the world. Sure you’ll be rich, so I guess what do you care, but a society where it makes more sense to hoard money than it does to invest in a company, people, education, infrastructure or anything really since people dying or losing their keys will lead to an ever increasing value of the currency.

There is also the lawlessness that would be promoted when basically everyone will have their entire net worth hidden somewhere in their house, because you know, eff those banks and all of that security stuff.
 
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xWVU2010x said:
Basically everything you posted already exists in a more efficient way, Bitcoiners don’t get to copy the current financial system and call it an invention, if it is, then literally any shitcoin off the street can claim the same thing, and that’s why private money failed in this country in the 1800s.
Click to expand...
Maybe you can go pick a paper from the newsstand. Or look something up in an encyclopedia. Or worry about making "long distance" calls to someone 4 towns away. Or maybe you can go to The Wiz and pick out a cassette or cd. Maybe go rent a vhs at blockbuster. Maybe go to Best Buy and find a DVD. Or maybe turn on the evening news for your source of news.

The internet one by one replaced things that, in the moment seemed un replaceable. Watch as btc works its way down that list.
 
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bob-loblaw said:
Maybe you can go pick a paper from the newsstand. Or look something up in an encyclopedia. Or worry about making "long distance" calls to someone 4 towns away. Or maybe you can go to The Wiz and pick out a cassette or cd. Maybe go rent a vhs at blockbuster. Maybe go to Best Buy and find a DVD. Or maybe turn on the evening news for your source of news.

The internet one by one replaced things that, in the moment seemed un replaceable. Watch as btc works its way down that list.
Click to expand...
Lol here you go again, trying to take a boring thing that happens millions of times per day in paying for a good or service that presently has zero drama, confusion, or an unmet need and trying to compare it to giving every single person on Earth the ability to connect with anyone or with any topic at any time. Bitcoin is not the internet no matter how much you wish it into existence, and if that is your standard for a new frontier then you have to agree that AI dwarfs Bitcoin on this front, wouldn’t you say? It’s been 8 months since ChatGPT debuted and its actual users is almost equal to Bitcoin’s in year 14 with basically zero in your face marketing.

Did internet based companies have to cut the need for 80% of the people they were hiring for after landing into everyone’s homes? I’m not talking about Pets.com, I mean the real companies of that era, like Google, Yahoo, etc. How about new internet start ups, after breaking into mainstream with endless Super Bowl ads, did the amount of .com start ups ever return to the same levels as the internet’s inception? Because that’s what’s actually happening in this industry. VC is cutting back, companies have slow rolled their hiring to basically nothing on the scale of all job listings in the US, and anyone pitching the idea of starting a “crypto company” is being laughed out the door. https://fortune.com/crypto/2023/07/06/collapse-crypto-bubble-job-listings-tumble/amp/

https://www.morningstar.com/news/ma...es-local-economies-with-little-to-show-report

But Blackrock wants to start up a way for themselves to collect fees on evangelicals. Where do we go from here once this hype train of new buyers goes nowhere like the last ones? Eventually we have to get to a point where people actually have to use this thing for it’s stated purpose right? When do the people who have been conditioned by an industry to HODL no matter what for about 6+ years (I personally consider 2017 the start of the mainstream for this industry) actually do something with the “technology” they have acquired?
 
xWVU2010x said:
Lol here you go again, trying to take a boring thing that happens millions of times per day in paying for a good or service that presently has zero drama, confusion, or an unmet need and trying to compare it to giving every single person on Earth the ability to connect with anyone or with any topic at any time. Bitcoin is not the internet no matter how much you wish it into existence, and if that is your standard for a new frontier then you have to agree that AI dwarfs Bitcoin on this front, wouldn’t you say? It’s been 8 months since ChatGPT debuted and its actual users is almost equal to Bitcoin’s in year 14 with basically zero in your face marketing.

Did internet based companies have to cut the need for 80% of the people they were hiring for after landing into everyone’s homes? I’m not talking about Pets.com, I mean the real companies of that era, like Google, Yahoo, etc. How about new internet start ups, after breaking into mainstream with endless Super Bowl ads, did the amount of .com start ups ever return to the same levels as the internet’s inception? Because that’s what’s actually happening in this industry. VC is cutting back, companies have slow rolled their hiring to basically nothing on the scale of all job listings in the US, and anyone pitching the idea of starting a “crypto company” is being laughed out the door. https://fortune.com/crypto/2023/07/06/collapse-crypto-bubble-job-listings-tumble/amp/

https://www.morningstar.com/news/ma...es-local-economies-with-little-to-show-report

But Blackrock wants to start up a way for themselves to collect fees on evangelicals. Where do we go from here once this hype train of new buyers goes nowhere like the last ones? Eventually we have to get to a point where people actually have to use this thing for it’s stated purpose right? When do the people who have been conditioned by an industry to HODL no matter what for about 6+ years (I personally consider 2017 the start of the mainstream for this industry) actually do something with the “technology” they have acquired?
Click to expand...
The fact that you do not see the err with your first sentence is all I need to know.

There's plenty of "drama" and a ton of unmet need. Just because it may not exist in your world doesnt mean it's not there. Choose to have blinders on and believe what you want to, as I have zero interest in trying to get you to chamge your firm opinion on Bitcoin. Maybe one day it'll click. Until then, best wishes
 
xWVU2010x said:
Bitcoin is not a company. Its flaws from inception are its flaws now and will always be its flaws. It cannot scale without transaction fee and timing issues, to even start to solve those issues it has to become centralized and use a trusted 3rd party to make up for its shortcomings. Its increased usage leads to more people wasting electricity as the incentive to mine increases. More recently, once thought of unhackable wallets held by tech savvy individuals have been compromised, and apparently people can clog up the blockchain with NFTs and make bitcoin run slower than it already does.

Beyond that, a deflationary currency simply does not work if it ever became the reserve currency for a country, let alone the world. Sure you’ll be rich, so I guess what do you care, but a society where it makes more sense to hoard money than it does to invest in a company, people, education, infrastructure or anything really since people dying or losing their keys will lead to an ever increasing value of the currency.

There is also the lawlessness that would be promoted when basically everyone will have their entire net worth hidden somewhere in their house, because you know, eff those banks and all of that security stuff.
Click to expand...
Appreciate your expansion, BUT once again, your first couple od sentences is already being accomplished on layer 2 and 3 of the bitcoin network. Lightning is instananeous and for fractions of a penny fees.

And the currency is not deflationary. It's incoming supply is.
 
bob-loblaw said:
The fact that you do not see the err with your first sentence is all I need to know.

There's plenty of "drama" and a ton of unmet need. Just because it may not exist in your world doesnt mean it's not there. Choose to have blinders on and believe what you want to, as I have zero interest in trying to get you to chamge your firm opinion on Bitcoin. Maybe one day it'll click. Until then, best wishes
Click to expand...

What is the drama and unmet need? Why is no one in El Salvador adopting this great technology in mass if it’s such a no brainer?
 
Ya know, the 1.4 billion people globally who are unbanked.

People are accepting btc there. It been expanding into Costa Rica too.
 
bob-loblaw said:
Ya know, the 1.4 billion people globally who are unbanked.

People are accepting btc there. It been expanding into Costa Rica too.
Click to expand...

Bitcoin is a bank now? I thought it was a currency. Do 1.4 billion people not have currency? Pretty sure someone without access to currency doesn’t have electricity either and in general has much bigger problems in life.

I didn’t ask if people were accepting BTC there, I asked why isn’t everyone or even simply a majority of the population accepting exclusively bitcoin since it’s a no brainer? The internet was a no brainer and that is what you are comparing Bitcoin to.
 
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bob-loblaw said:
Ya know, the 1.4 billion people globally who are unbanked.
Click to expand...
Just let me throw this out there - you think the US, China, EU, etc. give a F about the “unbanked”? So, The “unbanked” will be the driver of what would be the biggest single financial upheaval in modern history? Seriously this thread gets crazy sometimes. NOBODY including Fink and BR care about the “unbanked”.
 
xWVU2010x said:
Bitcoin is a bank now? I thought it was a currency. Do 1.4 billion people not have currency? Pretty sure someone without access to currency doesn’t have electricity either and in general has much bigger problems in life.

I didn’t ask if people were accepting BTC there, I asked why isn’t everyone or even simply a majority of the population accepting exclusively bitcoin since it’s a no brainer? The internet was a no brainer and that is what you are comparing Bitcoin to.
Click to expand...
access. It provides access. For the love of god. Are you this painful in day to day conversations.

You're like the guy who says no one in NYC cares about Rutgers so they shouldnt be in the B1G, completely disregarding the amt of people in NJ.

They will accept bitcoin. Lightning is in its infancy. Gradually then suddenly. When retailers realize they can get dllars from their transactions deposited in their accounts in real time, and for near zero cost, theyll jump. When Apple rolls lightning into Apple pay you'll see it. Same with Amazon et al. It's coming. I dont have the capacity to sit here and keep justifying this with you, just like I threw in the towel with Aldo and the other guy.

And no, the internet was not a "no brainer". Just as mobile was not a no brainer, nor was Facebook and web 2.0. Each tine change has been brought forth it has been met by resistance from from those who are simply living in the now and not looking into the future.

If I'm wrong, I'm wrong. I've happily and openly admitted when I'm wrong in this thread. Fraud and bs has pushed me into essentially being 100% Bitcoin only in my crypto holdings. In fact I'm probably going to ditch my ETH for a larger BTC position in the very near future.
 
RUAldo said:
Just let me throw this out there - you think the US, China, EU, etc. give a F about the “unbanked”? So, The “unbanked” will be the driver of what would be the biggest single financial upheaval in modern history? Seriously this thread gets crazy sometimes. NOBODY including Fink and BR care about the “unbanked”.
Click to expand...

Dude, you love taking one thing I say and applying it towards something else to fit whatever you have in your head.
 
bob-loblaw said:
Dude, you love taking one thing I say and applying it towards something else to fit whatever you have in your head.
Click to expand...
Its a fruitless argument. Anti BTCers are not gonna change their opinions and pro BTCers will stick to their opinions. BTC is not like tulips and is going to be around for a long time. There will be a critical mass change of heart at some point. There was a huge faction who thought the personal computer had no future. The visionaries won out. Xerox basically gave away the mouse to Apple, IBM gave away their OS to Microsoft, etc.
10 years ago few people knew about BTC and even less talked about it. Let's revisit this in 5-10 years.
 
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bob-loblaw said:
Dude, you love taking one thing I say and applying it towards something else to fit whatever you have in your head.
Click to expand...
The unbanked, El Salvador, criminals, etc. or whoever else actually uses BTC are collectively a tail so small the dog doesn’t know it exists. HODL, trade it, make money any way possible. Wish I bought RIOT this year. But there is still nothing new in the BTC universe. BTC $100K? BTC $1M? Cathy Woods? Saylor? BTC Billboards all over Miami? Nobody even cares anymore. NFTs? Sports cards and memorabilia will prove to be a better investment in 20 years.
 
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