That poor bastard

Ah, but if you can find the book in thousands upon thousands of libraries spread all around the world, has anything been lost?

Bitcoin is crypto. Crypto is not Bitcoin. I strongly encourage you to look into the history of money. What has been used as money in the past, why it was used as money…rai stones are my favorite example.

Bitcoin, if you are able to understand the mechanics of it, is the “hardest” form of money that has ever existed. History shows money always flows into the hardest asset available. It also shows what happens when that asset loses its hardness. This is why gold has been king for a long, long time.

Then along came Bitcoin (NOT crypto, there was crypto before and crypto after), and it used game theory, the internet, math, cryptography and programming to become the most elegant store of value ever invented, which is also the hardest form of money ever created.

I actually loathe Bitcoin, even if I admire it and buy it. It’s an energy nightmare. No one will ever convince me that it’s “green” in any meaningful way. And I’m a huge environmentalist. But I’m not an idiot. It’s inevitable. It’s already started. Fiat currencies are going to start inflating uncontrollably and the money is going to go somewhere. If Bitcoin is superior as a store of value to gold, and more importantly is harder than gold, it’s got a long, long way to go.

OOHHHHHHH there’s no physical Bitcoins, THAT’S why it’s a scam!

Shit, I wish I had figured this out before. Thank God you came along to open my eyes 🤣🤣🤣

All this time I thought Bitcoin Inc had my real bitcoins safely in storage. How could I be so fucking stupid?

I won’t be replying as I’m now going to jump off a bridge given how badly I’ve been intellectually bested. I simply cannot go on any longer now that the truth behind Bitcoin has been revealed to me.

Never mind, I found one but I had to look way back.

You said crypto has no utility. Which is awfully naive and I’m not even sure you really believe it. But you’re not really making a strong case. You’re just…saying it has no utility.

What arguments? You haven’t made a single argument, you’ve just been bloviating at random.

Tell me, what arguments have you made? Or is “crypto scam you dumb” the argument?

WHY is all crypto the same?

Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain).

I guess I was under the impression you were using it to mean “without physical value” even though that’s not the definition. I figured you couldn’t possibly be trying to argue that there is no physical matter involved in Bitcoin…

Oh my god you don’t even know what fiat currency is.

Okay I think we’re good here

Just because you say it doesn’t make it true, and if it were true you’d expect me to be invested in other “cryptos” surely.

Do you think I’m invested in any non-Bitcoin crypto? Why would I draw such an arbitrary line between one and the literal rest of them?

Maybe, just maybe there is a difference.

Remember these conversations down the road.

And stop saying crypto. We are talking about Bitcoin.

Fiat currency is immaterial. So much so that it can literally be created out of thin air.

Ok, I’m in on that. They are gonna need that money.

But I’m going to buy $400 of Bitcoin with the rest of that $500

It would be wild, if that’s what actually happened

Edit: Do you have a charity picked out? Or shall I just go ahead and buy more Bitcoin?

We’re losing the plot here.

The apocalypse thing is a stupid thought experiment at the end of the day. I think it’s fair to say gold would be better than Bitcoin in a total apocalypse scenario. But this isn’t why people buy Bitcoin. It’s not the collapse of civilization people are buying gold and bitcoin for, it’s the collapse of the US dollar (and all fiat currencies).

For that collapse scenario, which is exponentially more likely than the literal apocalypse, Bitcoin is king. It’s an objective fact. It’s literally the most logical solution to that problem. This isn’t to say that Bitcoin doesn’t have downsides. It does. But that doesn’t change the fact that it’s inevitable. That’s what most people can’t seem to wrap their heads around

Just realized this is an extremely poor argument anyway…maybe “does not” instead of “cannot” will be helpful in understanding.

I answered your question so maybe you’ll do me the honour of answering mine.

If someone breaks into your house and steals your gold coins, what value do they have to you?

If it burns down, how much will it cost to recoup all your gold back into a manageable, tradeable form?

Yes, you’re correct. A melted hard drive would not have the same value as a gold coin melted down.

What is your point?

What is this gibberish? I’ve read it 5 times and I have no idea what you’re saying. Maybe I am the dumb one.

I think I can kind of decipher what you’re trying to do here…like you’re trying to argue that my definition of someone who understands Bitcoin is someone who agrees with me. But that’s comically incorrect.

Let me rephrase: No one that shit talks Bitcoin can also describe how it functions. Throw out “understanding”. Just what is it, how does it work? Explain mining. Explain difficulty. How they work, not just what they are.

No one can do it. Again, if someone can both explain all of this accurately and then say Bitcoin is a scam/worthless/etc, I’ll eat my hat. Has never happened once.

Can you?

Edit: Downvoting is a particularly poor argument here 😂

Let’s spice it up a bit! I have some cash in my trading account. Along with some Bitcoin in an exchange wallet.

You’ll just have to take my word, but gentleman’s honor I’m not joking. If you give me one example of a Bitcoin blockchain failure that resulted in loss of Bitcoin (strictly due to Bitcoin itself, no third party) I’ll sell all my exchange Bitcoin and make a $100 donation to a charity of your choice.

If you can’t, I’m buying $500 of Bitcoin with yet deeper conviction that the only ones who are disagreeing with me are people that don’t understand Bitcoin. Like actually understand, not just think and say they understand with Dunning-Kruger confidence.

Edit: I will even post the receipt here (to your charity)

So you can’t, got it.

How exactly is that not relevant, the fact that you can’t answer this question? Goalposts my ass.

So it’s made of fairy dust, got it