Bitcoin breaks psychological barrier of $50,000

NightAntilli

Posts: 610   +747
The same people are still trashing crypto. Keep doing it. I will keep using and investing in crypto to both maintain my wealth and increase it.

The ones arguing against crypto today are like the ones arguing against the internet and email in the 90s.
 

madboyv1

Posts: 1,676   +587
True enough. But gold isn't terribly fungible - have you ever tried to buy a pizza with a troy ounce of gold? You'd either be massively overpaying or trying to count out specks of gold dust.
You've made a mistake in how you're thinking this. Just consider, for a moment, about how MUCH pizza you could get at once with a troy ounce of gold. The answer, depending on where you go, could be anywhere from 100 to 300 pizzas. Heaven on Earth to those that count pizza as a food group on its own. XD
 

FF222

Posts: 262   +201
Such a weak and disingenuous argument against crypto. Using energy ≠ CO2 emissions. Don't conflate the two
The only person conflating the two were you. And on top of that you also confused "crypto" with "Bitcoin". You created this straw man, because you realized that you couldn't have possibly argued against the original argument. Which in turn just proves how strong it actually is.
 

terzaerian

Posts: 888   +1,273
You've made a mistake in how you're thinking this. Just consider, for a moment, about how MUCH pizza you could get at once with a troy ounce of gold. The answer, depending on where you go, could be anywhere from 100 to 300 pizzas. Heaven on Earth to those that count pizza as a food group on its own. XD
Buying 300 pizzas at once wouldn't do me a lot of good. I'd have hundreds of rotting pizzas inside of a week. Fungibility matters.

The only person conflating the two were you. And on top of that you also confused "crypto" with "Bitcoin". You created this straw man, because you realized that you couldn't have possibly argued against the original argument. Which in turn just proves how strong it actually is.
Your arguments are tiresome and not even worth the time or effort to debate.
 

m4a4

Posts: 2,338   +2,604
TechSpot Elite
The only person conflating the two were you. And on top of that you also confused "crypto" with "Bitcoin". You created this straw man, because you realized that you couldn't have possibly argued against the original argument. Which in turn just proves how strong it actually is.
If your only big retort is pointing out my deliberate use of the more generic term of crypto instead of bitcoin, then that's all I need to know about how disingenuous you're willing to be here. Crypto in general will use a lot more energy than credit card transactions (which you apparently care about), so why wouldn't you want to advocate against the rest while you're at it? You did not think that one through at all, making your manufactured/borrowed position so much weaker.

So, go take your half-baked position on bitcoin (crypto) somewhere else, maybe a forum to fight against crypto mining (since you want to care so much about "wasted" energy)?
Or just stay off the internet to lessen your carbon footprint. Wouldn't want to waste unnecessary energy on the servers...
 

FF222

Posts: 262   +201
Your arguments are tiresome and not even worth the time or effort to debate.
Indeed, there's no point in arguing against something if your don't have good counterarguments. Any time spent debating them would be just wasted. So, you're spot on.
 
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FF222

Posts: 262   +201
If your only big retort is pointing out my deliberate use of the more generic term of crypto instead of bitcoin
You've it all backwards. You can argue all you want, but if you're not arguing against what I actually said, but against something else, then you have no argument. And if you're doing that deliberately, then that proves that even you know that you've no arguments, at all. And that it's not that you're just wrong about something, but you're also disingenuous and dishonest to begin with.

then that's all I need to know about how disingenuous you're willing to be here.
LOL. The guy who deliberately distorts the statements he tries to argue, talking about disingenuity. Shame on you!

You lost this argument on all levels already when you wrote down your first word.
 

m4a4

Posts: 2,338   +2,604
TechSpot Elite
You've it all backwards. You can argue all you want, but if you're not arguing against what I actually said, but against something else, then you have no argument. And if you're doing that deliberately, then that proves that even you know that you've no arguments, at all. And that it's not that you're just wrong about something, but you're also disingenuous and dishonest to begin with.


LOL. The guy who deliberately distorts the statements he tries to argue, talking about disingenuity. Shame on you!

You lost this argument on all levels already when you wrote down your first word.
That's what I thought. You can't defend your borrowed arguments so you deflect, again. And the only reason I called you out in the first place is the dumb assumption that any energy used = guaranteed CO2 emissions 😂

So let me ask you, if a bitcoin transaction uses 100% clean energy, how much CO2 emissions does it contribute?
Answer that honestly and I'll take you more seriously next time lol
 

terzaerian

Posts: 888   +1,273
Indeed, there's no point in arguing against something if your don't have good counterarguments. Any time spent debating them would be just wasted. So, you're spot on.

No, because I've already addressed them.

Anyone and anything can be judged wasteful energy demand, including your posts here. It's inherently special pleading and can be dismissed on it face.


The Bitcoin public relations manager is in full flow again on this thread I see....

Alas, it won't fit in my profile along with "#1 PC MASTER RACE SHILL", and I prefer the other title more.

I'm sorry my comment was perceived as a serious response and not one out of humor. #nofunzone

Living in the same world as certain posters in this thread tends to put a damper on your good humor.
 

Markoni35

Posts: 1,073   +436
If they keep bragging about BitCoint I'm gonna buy one.
And then Elon can kiss his $1.5 billions goodbye.
 

Ludak021

Posts: 438   +298
The real problem with Bitcoin is not, that
- in the financial sense its nothing like a currency, and more like playing lottery,
- it fosters illegal activities, like drug and weapons trade, tax evasions for the rich, etc.
but that
- it's doing an absurd amount of environmental damage.

It uses about 500.000x (yes, five-hundred-thousand times) more energy per dollar for every transaction, than credit card payments, and is already contributing to the global CO2 emissions as much as some smaller countries, despite only accounting for a marginal amount of financial transactions. And that this will only get worse with time, and the environmental damage will only increase as long as the system is kept running, and will exponentially get worse as long as the exchange rate is increasing and/or more and more entities will trade using it.

If for nothing else, for that (ie. the environmental damage done) alone Bitcoin should be banned and outlawed all over the world.

that's why BTC isn't really used for trading. Transactions are super slow, fees are huge, etc. ETH is super fast with those things, takes about as same as validating your credit card at the checkout. And there are even faster "coins" (protocols). But the best way is to buy low and sell high :D Of course the value is going to go down again, then we get used 500 USD cards for ~150 USD...Happened before, will happen again.
edit: envirnomental damage is also done by EV drivers. Producing electricity leaves carbon footprint, and majority of the world doesn't use expensive nuclear reactors or renewable energy "stuff"...
Also, I think that companies producing electricity love mining.
 

FF222

Posts: 262   +201
If your only big retort is pointing out my deliberate use of the more generic term of crypto instead of bitcoin, then that's all I need to know about how disingenuous you're willing to be here. Crypto in general will use a lot more energy than credit card transactions
If you're so clueless about "crypto", that you don't even know what that word actually means or what vast differences are between how cryptocurrencies in their workings, energy efficiency, carbon footprints, etc., then you're clearly not qualified for this discussion. Yet you keep trying, spouting out nonsense nonstop in the process. What about maybe learning at least the basics about what you're trying to discuss for a change?

(which you apparently care about), so why wouldn't you want to advocate against the rest while you're at it?
Because I, unlike you, know that not all "crypto" can be lumped together. You on the other hand are totally clueless about this. That's why.

Now go and learn at least the basics about what these words mean or how cryptocurrencies actually they work, and only come back if you have at least a faint grasp on the subject! Because right now you clearly have zero understanding of these.
 
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m4a4

Posts: 2,338   +2,604
TechSpot Elite
If you're so clueless about "crypto", that you don't even know what that word actually means or what vast differences are between how cryptocurrencies in their workings, energy efficiency, carbon footprints, etc., then you're clearly not qualified for this discussion. Yet you keep trying, spouting out nonsense nonstop in the process. What about maybe learning at least the basics about what you're trying to discuss for a change?


Because I, unlike you, know that not all "crypto" can be lumped together. You on the other hand are totally clueless about this. That's why.

Now go and learn at least the basics about what these words mean or how cryptocurrencies actually they work, and only come back if you have at least a faint grasp on the subject! Because right now you clearly have zero understanding of these.
You skipped my last reply and didn't answer my question. Try again.