I am not happy with my crypto. You see, I am still part of the system. Governments invented all this scammy crypto. I can't trust it. It's a line in a database, no intrinsic value. The code itself is the money, except without the paper slip. It's FIAT. They said there's only 21M Bitcoins.
Look at this: http://mapofcoins.com/bitcoin
Then, they made 42M Bitcoins out of it. And there is a tsunami of ICO's. No no no, fuck it, that's not money. Money stores the value of work, and can't just be multiplied by "forking". Hard fork here, hard fork there. They really mean "hard fuck" - you are getting screwed.
People believe all this shit about some guy Satoshi Nakatalkalotofshit, if governments wanted to stop and ban it then it's SO DAMN EASY. How's about addressing the possibility to filter IP and TCIP etc.? Come on, I am going to fall over in laughter.
I don't want decentralized currency. I don't want lies and centralized FIAT currency. I want the right stuff, something that is PROOF OF WORK and PROOF OF STAKE in one, buried in my garden. The dilution in the crypto arena is worse than in the FIAT arena. I am increasing my lot of this:
I like American Eagle's the best. I have my reasons. In fact, I only want them. But I'll take Maple's and Kookaburra's too.
Is there any particular reason why people behave like sheep out of greed and FOMO, yes, if it wasn't that old FOMO. FOMO slaughtered me 3x in my life. Not this time. I am not going to the slaughterhouse again. It must be, because I just can't take in any longer.
Agreed! I will even go a step further. Everyone talks about how there can only be 21M Bitcoins possibly ever mined. That is the hard-cap. Well, it's the hard-cap until it isn't. With a couple of changes to the code, it can easily be 121M or 21B. There is nothing stopping the programmers from raising the ceiling. And, with the right mis-information campaign, the price could actually increase on the news.
This is the Tulip Mania all over again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
http://mapofcoins.com/bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There can only be 21M bitcoins, but there can also be plus 21M different crypto currencies and derivatives.
I agree with much of what you have said here. Crypto is a very new area and as yet does not have any intrinsic or functional value, although the potential is there. As far as currency, bitcoin is not yet a currency because it is not widely accepted. I can't go to the shop and spend bitcoin. It would need to have some government or local economic backing before that happens and the public gets involved.
Be careful with your FOMO though. When crypto's keep climbing it will be near impossible to resist. We aren't near a top yet in my opinion, although a mate of mine who knows nothing about crypto's decided to have a dabble a couple of weeks ago which was a strong signal we were reaching a temporary top. He made a lot of money in a few days and so put a load more money into it and then promptly lost all his gains.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
http://mapofcoins.com/bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree, I have never bought cryptos. I like this platform because it let me get in and dabble without costing me hard assets. I do not trust this mysterious "Satoshi" story, I think we are all being set up to transition from fiat dollars to fiat digital money, and we will just keep the debt crisis growing for another generation. I fully expect the "official" digital currency to come out soon, and when it does everything else will be declared "counterfeit" and made illegal.
But what do I know? I am a chicken farmer.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry fishy, I lost my screws when I learnt how to invest properly. It took me 20 years.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
http://mapofcoins.com/bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Whoa! That is going to take some time to digest - thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hmm. You make some good points here @lucky.digger.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
http://mapofcoins.com/bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
U raised some valid points that may not be popular on mainstream Steemit?..but I agree with you. I'm also a metal head and haven't seen u around yet so for that reason I'm gonna follow ya and upvote. Cheers mate
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Only dead fish swim with the stream. Only sheep follow a Hitler who says beat up your neighbour. But Hitler was not a sheep. I have the right to ask questions that are unpopular, my life is a business, I can only succeed if I don't live in denial. I have again and again proven that not being one of the sheep has hailed down huge profits. It took me 20 years to learn how to invest, before that I was regularly being slaughtered. Lost my total life savings on Wall Street 3x in my life. Bitcoin has forked so many times, it makes QE look like an innocent baby. Have you reviewed this: http://mapofcoins.com/bitcoin? Please also review this, it certainly again gives my way of thinking huge support:
https://www.ted.com/talks/ray_dalio_how_to_build_a_company_where_the_best_ideas_win
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit