• There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.

bitcoins

Bowling4Bikes said:
Many investors think we're nuts to get into btc and other digital assets.[/url]

Had I listened to all these nay sayers 5 years ago, I would be still toiling away at a construction job. Thank God I did it my way because I'm retired doing what I want. I just turned 47. Life is wonderful. Fortune favors the bold.
We had a great turn out last week at our bitcoin meeting. There is another tonight at the Fall River Brewing Co at 6pm. Same as every Thursday for those interested. The last few weeks we have been talking full node setup for the lightning network. Everyone is welcome.
Click to expand...
 
yvnm1t7.png


Hedge against inflation!

Early AF!

Buy the dip!
 
this thread has been around for 5 years. 5 years some have decided to discuss how they don't like bitcoin, or don't think it's a good investment, or just crap on those who do. Is this the point of the thread? If so, clearly we are at an impasse.

For those of us who would like to move the conversation forward and into a more relevant and productive one, shall we keep this thread as an argument for or against bitcoin and digital assets in general, and I or someone start a new thread that states something like "investment thread"? Or should we just ignore the haters and push on here?

edit: I'll just start one and see how it goes
 
Last edited:
Got a buddy who jumped into BTC headfirst in the early days. He tried to get me into it but I couldn't grasp the concept (I still barely understand it) and passed. He retired at 40 a couple of years ago and bought a mansion on 20 acres in Arizona. All he now is do some daytrading when he feels like it, but otherwise devotes most of his time to his true love, long-range precision shooting.
 
Bowling4Bikes said:
this thread has been around for 5 years. 5 years some have decided to discuss how they don't like bitcoin, or don't think it's a good investment, or just crap on those who do. Is this the point of the thread? If so, clearly we are at an impasse.

For those of us who would like to move the conversation forward and into a more relevant and productive one, shall we keep this thread as an argument for or against bitcoin and digital assets in general, and I or someone start a new thread that states something like "investment thread"? Or should we just ignore the haters and push on here?

edit: I'll just start one and see how it goes
Click to expand...

My view: It's fine to be a "hater" in this thread as long as your posts are sharing actual information related to bitcoins, like a quote and preferably a link.

Thanks for the new thread.
 
panthera said:
HFSP!
Click to expand...

Classic :laughing

My wealth is my wealth. Crypto is just a transfer of wealth to original investors - the pyramid. There's no product. It doesn't "do" anything. The only way 'investors' get richer is by getting others to buy into the system which is why you and others spend so much of their energy trying to pitch it to others. Anything I put in represents a wealth gain for you and a loss for me... unless I can convince others to pile in after me. No thanks.

And we're not even getting into the environmental shitfest that is crypto... Nothing quite like killing off the planet with some good old fashioned greed. Yes, let me go open a power plant to grind off transactions to fuel a product which contributes nothing but requires continual energy expenditures to facilitate over its lifetime. :nchantr
 
Last edited:
Do some research. All of that has been debunked. That's all just hyperbole. Good luck I don't have the time or desire to point you in the correct direction.
 
It's not bullshit - it's an environmental cesspool desperately looking for a cure to improve its PR image. Can't get around the fact that it's an energy disaster.

https://news.climate.columbia.edu/2021/09/20/bitcoins-impacts-on-climate-and-the-environment/

Bitcoin does not make anything. There is no 'to the moon' unless it's being done on the backs of people you convince to 'invest'. The valuation is solely based upon further investment.

"Do some research" :facepalm
 
panthera said:
Do some research. All of that has been debunked. That's all just hyperbole. Good luck I don't have the time or desire to point you in the correct direction.
Click to expand...

He isn’t wrong, every dollar you make in crypto is someone else’s loss. It’s zero sum since there is no value add in the transaction.

And bitcoin is entirely based on computation effort, which is basically nothing but turning electrons into heat for no purpose.
 
Kestrel said:
It's not bullshit - it's an environmental cesspool desperately looking for a cure to improve its PR image. Can't get around the fact that it's an energy disaster.

https://news.climate.columbia.edu/2021/09/20/bitcoins-impacts-on-climate-and-the-environment/

Bitcoin does not make anything. There is no 'to the moon' unless it's being done on the backs of people you convince to 'invest'. The valuation is solely based upon further investment.

"Do some research" :facepalm
Click to expand...

All the Bitcoin Bros sound like MLM promoters. It's just like Mary Kay for techbros and other dudes, the ones at the top are the ones driving the pink Cadillacs, everyone else is left scrambling for the breadcrumbs. :laughing
 
ScorpioVI said:
Got a buddy who jumped into BTC headfirst in the early days. He tried to get me into it but I couldn't grasp the concept (I still barely understand it) and passed. He retired at 40 a couple of years ago and bought a mansion on 20 acres in Arizona. All he now is do some daytrading when he feels like it, but otherwise devotes most of his time to his true love, long-range precision shooting.
Click to expand...

Thats freaking awesome.
 
Wow, Bitcoin down to the $38xxx and Eth to $28xx. That was fast.

I may actually buy a bit. Or not. At this point it seems too volatile for me, but may be around longer a lot than I am, lol.
 
mrzuzzo said:
All the Bitcoin Bros sound like MLM promoters. It's just like Mary Kay for techbros and other dudes, the ones at the top are the ones driving the pink Cadillacs, everyone else is left scrambling for the breadcrumbs. :laughing
Click to expand...

At least be original, go read the past 5 years of the thread and catch up.
 
5 years later and still no actual utility for Bitcoin outside of a speculative asset. For all the people that made money on it, there are far more suckers that lost money.

"Gee, I wish I had some Bitcoin right now instead of dollars" said no one ever..
 
mrzuzzo said:
5 years later and still no actual utility for Bitcoin outside of a speculative asset. For all the people that made money on it, there are far more suckers that lost money.

"Gee, I wish I had some Bitcoin right now instead of dollars" said no one ever..
Click to expand...

The moment there is a utility for it then you’re gonna wish you weren’t the one talking papas.

You can definitely use it to buy things, shoot I’ve made a few buys with it. It’s definitely not a go to and I don’t use it enough to remember the process but the moment they make it super easy like Apple Pay (for example) that when we will see a true mass adoption.
 
sidewazzz said:
The moment there is a utility for it then you’re gonna wish you weren’t the one talking papas.

You can definitely use it to buy things, shoot I’ve made a few buys with it. It’s definitely not a go to and I don’t use it enough to remember the process but the moment they make it super easy like Apple Pay (for example) that when we will see a true mass adoption.
Click to expand...

There is pretty much no indication there will ever be a utility for it outside of speculation and some scams. El Salvador with their Bitcoin Bro president tried hard and now their entire economy is going tits up.

It can never be easy like Apple Pay because of the insane volatility. You aren't going to be accepting BTC because your workers and suppliers won't be getting paid in BTC. Also, the scale which you described is near impossible with the way BTC and proof of work function.

The only people that have found utility in BTC are the ransom hackers. They understand that BTC is never really private or anonymous but they also don't care since they can't get extradited. Even criminal orgs aren't using BTC any more because of the risks.
 
...and the only way to structure around the volatility (when used as an actual currency) is to add more risk into the mix on a separate track (hedges/ futures/ etc).

There is no free lunch...
 
You must log in or register to reply here.
Back
Top