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Forum » Btc about to hit 40k
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Thread: Btc about to hit 40k

post 1627840303 01-07-2021, 05:47 PM
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#151
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How many whole bitcoins u own op ?
post 1627840383 01-07-2021, 05:48 PM
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#152
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Originally Posted By Titansfan08⏩
Been same miscers since 5k saying its a bubble/scam. Lmao love the cope from nocoincels
Never gets old
Kobe Forever
Black Crew
Bucks N 6
post 1627841703 01-07-2021, 05:59 PM
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#153
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^^i mean...sure, why not?
Once upon a time:

405
315
455

Currently Washed up.
post 1627842143 01-07-2021, 06:02 PM
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#154
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Originally Posted By BetaAsPhuck⏩
That is what they are planning, it's called a CBDC (Central Bank Digital Currency).



Like Raoul Pal says, BTC is a seen as a store of value like gold, a CBDC is currency.

A store of value only works if it's treated as such by consensus.

Gold is treated as a store of value by consensus, not for any intrinsic reason. It's has a history as a store of value, so it's treated as such.

BTC may not stand the test of time, but in the meantime institutions are pouring in to the asset.
Gold is pretty, culturally and socially significant, industrially useful, historically valued, rare...

BC is, by comparison, sand. 22 million granules of sand, but sand none the less.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1627842323 01-07-2021, 06:04 PM
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#155
  1. induced_drag
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Originally Posted By digital022⏩
This sentence speaks volumes.

There's only geeks on this page talking about bitcoin and the mining of it.

By the way, I'd rev you on my bike when riding past your cagecel gallardo just to scare the chit out of you for your ostentatious display of wealth.
Weird comment. Guess I am a geek then. But I also train, so I guess at least I am not a 'pencil neck' geek right?

You might ride past me on your bike. I'd give you a thumbs up. No hate here. I'd be driving with my top down and I promise the sound is heavenly. Why does it have to be a cock fight. Just enjoy life and let others enjoy.

Car is just a fun toy. My old 'ride' is below. No cockfight there. Just pure enjoyment and was a lot of fun having my own helo and landing in my backyard. Priorities are different now, and my toys are a little smaller. Been considering getting a Huracan, but I love my current ride way too much and the sound and rawness is something I would miss in the Huracan.

Dont hate so much man.... Life is good. And your bike probably is cool, but NOTHING sounds like a EVEN firing V-10. Carrera GT and Pre-LP Gallardo are rare breeds. Arguably the best sounding ever produced. Little 'cold start' vid with my son. Love to share in the car fun with my boy. Been the thing to do during COVID.

One last thing. Been hanging out at a bodybuilding site for the last 10 years. DYEL? srs.








RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627843383 01-07-2021, 06:13 PM
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#156
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largest pyramid scheme in history. We'll see how it unfolds
"If you don't vote for me you ain't black!" - Plantation Joe Biden

Wreck em
Hook em
Glory to Aubernia!
post 1627844253 01-07-2021, 06:20 PM
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#157
  1. induced_drag
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Originally Posted By samsbolton⏩
Gold is pretty, culturally and socially significant, industrially useful, historically valued, rare...

BC is, by comparison, sand. 22 million granules of sand, but sand none the less.
I am not here to convince anyone that BTC has value. I have always saw the potential. But just briefly, Visa's market cap is $470 billion. Why? What value is Visa? The ability to transfer value is value in itself. But BTC is more than that. But that is just one SMALL part of. Add in being able to store value is another huge aspect. Free from third parties, free from counterfeits and secure and DECENTRALIZED.

Anyway, no point in arguing. Just dont put any money in it. It could all go to sh!t with the wrong set of regulations at any point. But the institutional money coming in really changes things. Greyscale has come in and secured 3% of the market and 25 billion stake in crypto. Resulting in further illiquidity. Pension funds and even states are looking to park cash in BTC. The dollar is falling and the further printing is devaluing cash holdings. Corps are looking for a place to store cash and turing to BTC. Mass Mutual insurance just moved 100 million into BTC. These are not 'pump and dump' investors.

Once 'whales' are getting turned into small fish and can no longer manipulate the market as was once done. The more large money that comes in from the institutional side, the more stable the platform will become. Immune to inflation, it will be a viable store of wealth alternative to gold. Even JP morgan has come around. It is estimated that if the 1-2% of personal holdings in gold start moving to BTC, we could see 150k. And that is only a small portion of the market.

So that is more of the big picture. If you dont 'get it', than I dont know what to tell you. Dont buy any.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627845403 01-07-2021, 06:31 PM
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#158
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Originally Posted By Serenadium⏩
BTC Ranking by Holdings

0 - CuckmasterC
0.01 - 0.05 - Private
0.05 - 0.20 - Corporal
0.20 - 0.50 - Sergeant
0.50 - 1.00 - Lieutenant
1.00 - 10.0 - Captain
10.0 - 100 - Colonel
100 - 1000 - General

What's your rank misca?
Colonel
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1627846963 01-07-2021, 06:46 PM
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#159
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Originally Posted By samsbolton⏩
Cryptocels seem to miss the irony here.. as more $ are printed, they become increasingly worthless, since they are backed by not much..

Bitcoin is backed by....?
Energy + mining capital.

For me to double spend a block buried even 10 blocks deep (i.e. transactions from ~1.5 hours ago) would require me to mine at 51% of 150 TH/s hash rate for 1.5 hours.

This is the equivalent of me becoming superman / ssj4, lifting the three gorges dam to some mountain + river stream near my joint and having it farm for 1.5 hours to have a 0.5% chance of succeeding. The strong likelihood is that nodes will recognize my attack within 1 second, boot me off the network and I lose the money spent on mining capital + energy when I could be using it to farm block rewards instead....

To put it shortly, its not possible and Bitcoin's backing is the ultimate backing unmatched by anything that has existed and will exist in the forseeable future. A new paradigm will be needed to surpass this level of backing.
post 1627847683 01-07-2021, 06:53 PM
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#160
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Originally Posted By Serenadium⏩
Energy + mining capital.

For me to double spend a block buried even 10 blocks deep (i.e. transactions from ~1.5 hours ago) would require me to mine at 51% of 150 TH/s hash rate for 1.5 hours.

This is the equivalent of me becoming superman / ssj4, lifting the three gorges dam to some mountain + river stream near my joint and having it farm for 1.5 hours to have a 0.5% chance of succeeding. The strong likelihood is that nodes will recognize my attack within 1 second, boot me off the network and I lose the money spent on mining capital + energy when I could be using it to farm block rewards instead....

To put it shortly, its not possible and Bitcoin's backing is the ultimate backing unmatched by anything that has existed and will exist in the forseeable future. A new paradigm will be needed to surpass this level of backing.
Andre Cronje published a paper on that back in like 2018

Trillion dollar bounty on BTC and nobody has been able to exploit it. Truly remarkable.

But yeah it's just sand bro. Owning BTC is like touching a bag of sand.
post 1627849633 01-07-2021, 07:12 PM
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#161
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Originally Posted By digital022⏩
Oh nooes I'm being judged by some ******* I've never heard of before.
Isn't that exactly what you're TRYING to do to the poster with the Lambo?

LMFAO
The billionaire and the beggar both have 24 hours in a day.

That's why grandma's apple pie rocks and yours sucks.
Originally Posted By Dave22reborn
At least it will thunderstorm tonight, and we know how they feel about water. :)
^^^Racist police officer who also cries about how racism doesn't exist, also cries reverse racism and typifies the stupidity of the racist right, referring to black people as "they" and regurgitating racist stereotypes.
post 1627850913 01-07-2021, 07:23 PM
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#162
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Originally Posted By jasticus⏩
Just lol
Hey man! BIG thanks!

I just opened a BlockFi account. I transferred 1btc from my coinbase into it to start, just because I am paranoid as hell. Coinbase put a 72hr hold on transfer on it for safety. If all goes well, I am going to put everything over at BlockFi. Or most of it.

The ability to access cash and use it is a HUGE plus. The interest would also be no small amount, and LOVE that you get it monthly in BTC. Sucks that they only pay 6% on the first 2.5BTC but you at least get 3% above that. If btc still rises, that is well into 4 figures monthly just for parking it there.

So damn happy I wandered over here. Thank you! Huge!
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627852293 01-07-2021, 07:34 PM
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#163
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Originally Posted By MBisonSon⏩
Isn't that exactly what you're TRYING to do to the poster with the Lambo?

LMFAO
No one takes you serious and the first statement in your sig is faulty.

The point is money doesn't make the man, *******.
Your schtick sucks and it screams insecurity.
post 1627871403 01-07-2021, 11:00 PM
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#164
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Originally Posted By induced_drag⏩
Hey man! BIG thanks!

I just opened a BlockFi account. I transferred 1btc from my coinbase into it to start, just because I am paranoid as hell. Coinbase put a 72hr hold on transfer on it for safety. If all goes well, I am going to put everything over at BlockFi. Or most of it.

The ability to access cash and use it is a HUGE plus. The interest would also be no small amount, and LOVE that you get it monthly in BTC. Sucks that they only pay 6% on the first 2.5BTC but you at least get 3% above that. If btc still rises, that is well into 4 figures monthly just for parking it there.

So damn happy I wandered over here. Thank you! Huge!
Do you not store your btc in cold storage like on a ledger or a ******? Or do you store on coinbase custody? You should be good as long as you sent it to the right address which sounds like you know what youre doing. They also pay you daily so you can see accrued interest. Its pretty fun to watch it stack up. I would put 25% to 50%. Its safe for sure but im used to cold storage and like to have insurace on my end just incase. That one quite plan for the worst but expect the best. Also it sounds like you have alot of btc so im jelous of what youre return will be. IF you have it in you pm me a range I wont post it.
post 1627871623 01-07-2021, 11:04 PM
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#165
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Originally Posted By jasticus⏩
Do you not store your btc in cold storage like on a ledger or a ******? Or do you store on coinbase custody? You should be good as long as you sent it to the right address which sounds like you know what youre doing. They also pay you daily so you can see accrued interest. Its pretty fun to watch it stack up. I would put 25% to 50%. Its safe for sure but im used to cold storage and like to have insurace on my end just incase. That one quite plan for the worst but expect the best. Also it sounds like you have alot of btc so im jelous of what youre return will be. IF you have it in you pm me a range I wont post it.
this is literally bitconnect 2.0 lol
post 1627871703 01-07-2021, 11:05 PM
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#166
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Originally Posted By MisterDiapers⏩
this is literally bitconnect 2.0 lol
No block fi is a company that offers traditional banking services but for crypto. They lend out your btc to institutions and they pay them interest on it and that’s how you get paid. Same chit the banks do with your fiat.
post 1627871773 01-07-2021, 11:06 PM
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#167
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Originally Posted By MisterDiapers⏩
this is literally bitconnect 2.0 lol
lmaoo

we could use some new bitconnect 2.0 videos
Your schtick sucks and it screams insecurity.
post 1627872353 01-07-2021, 11:15 PM
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#168
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Originally Posted By jasticus⏩
No block fi is a company that offers traditional banking services but for crypto. They lend out your btc to institutions and they pay them interest on it and that’s how you get paid. Same chit the banks do with your fiat.
what happens (on the off chance since you're so confident) that BTC drops like 20-50% in a week/month? What happens to the coins you lent and the so-called interest you were supposed to earn?

if they're somehow leveraging for yield your BTC will literally go to 0.

"Bitconnect was released in 2016 with the goal of allowing users to lend the value of Bitconnect coin in return for interest payments"
post 1627872543 01-07-2021, 11:19 PM
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#169
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should i drop it now while its high? i bought when it was 3k
"classic Miscer dilemma...

where to spend our money?....

Cheap hooker vs. Nintendo 3DS" -- Chikbrah
post 1627872753 01-07-2021, 11:22 PM
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#170
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Originally Posted By MisterDiapers⏩
what happens (on the off chance since you're so confident) that BTC drops like 20-50% in a week/month? What happens to the coins you lent and the so-called interest you were supposed to earn?

if they're somehow leveraging for yield your BTC will literally go to 0.

"Bitconnect was released in 2016 with the goal of allowing users to lend the value of Bitconnect coin in return for interest payments"
It’s not risk free. But from the last interview I watched he said he hasn’t had anyone default. Also they have cash reserves if something happens. I’ve watched a few interviews and did a bit of research. They seem like a solid company. I mean they are launching the worlds first visa cc with 1.5% cash back in bitcoin. They also have tons accredited investors and manage over 1b. They have an office In news jersey and are regulated. You can give them a call tomorrow and ask your questions.
post 1627874163 01-07-2021, 11:46 PM
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Originally Posted By SuperHercules⏩
chitcoin is about to take a dive


according to word on the streets
Hope it does. I’m planning on accumulating more in February but at this price rate gonna kill my goal
post 1627874193 01-07-2021, 11:46 PM
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#172
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Originally Posted By PimpMasterC⏩
"The most entertaining outcome is the most likely"

As absurd that it is, bitcoin and tesla going parabolic and being extremely overvalued. It is entertaning to watch a bubble be created and eventually collapse. There is no thing humans crave more than to be entertained. Humans are not very rational creatures, so expecting a rational outcome is a mistake. Bitcoin is at it´s very core garbage, but that doesn´t stop it in the short term. It´s another ride in the amusement park. It hitting these insane values just proves how irrational people really are. But then again, maybe not, because everyone is steered by greed to make money.

I´m tired of repeating this, but price action and scam has little correlation. Bitcoin could go to 1 million and it would still be garbage. See my sig. The fact that an opinion is widely held is no evidence that it´s not utterly absurd.
If only you knew this, or applied this a few years ago. Great post normally your coin posts are terrible.
Virtue is its own reward.
post 1627877473 01-08-2021, 01:36 AM
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Originally Posted By samsbolton⏩
Cryptocels seem to miss the irony here.. as more $ are printed, they become increasingly worthless, since they are backed by not much..

Bitcoin is backed by....?
It’s not really about the backing. Even gold only really has value because everyone believes it does. Fiat currencies can be (and currently are being) massively devalued by printing more of them in epic proportions. How to protect yourself from that? Switch to an asset class than can’t be created from thin air. That’s exactly what people are doing. It’s why real estate and stocks are going up in the middle of economic devastation. Bitcoin falls under that category too, but it’s price is rising faster since there’s little significant institutional investment already in it.

That said, where the price goes from here is anyone’s guess. I thought it was going to crash at 30k
post 1627877573 01-08-2021, 01:40 AM
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Shii purchased $500 eth
post 1627878063 01-08-2021, 02:01 AM
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#175
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Originally Posted By Serenadium⏩
Energy + mining capital.

For me to double spend a block buried even 10 blocks deep (i.e. transactions from ~1.5 hours ago) would require me to mine at 51% of 150 TH/s hash rate for 1.5 hours.

This is the equivalent of me becoming superman / ssj4, lifting the three gorges dam to some mountain + river stream near my joint and having it farm for 1.5 hours to have a 0.5% chance of succeeding. The strong likelihood is that nodes will recognize my attack within 1 second, boot me off the network and I lose the money spent on mining capital + energy when I could be using it to farm block rewards instead....

To put it shortly, its not possible and Bitcoin's backing is the ultimate backing unmatched by anything that has existed and will exist in the forseeable future. A new paradigm will be needed to surpass this level of backing.
That’s like me spending a hundred hours digging a hole, then lining it with concrete or something indestructible, and claiming it’s valuable because I put time and effort into it. Not because it has any utility, it’s just a hole.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1627878573 01-08-2021, 02:17 AM
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#176
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Originally Posted By samsbolton⏩
That’s like me spending a hundred hours digging a hole, then lining it with concrete or something indestructible, and claiming it’s valuable because I put time and effort into it. Not because it has any utility, it’s just a hole.
My brain fried reading that.

If I made a transaction for $10,000,000 in bitcoin 10 blocks deep, I am protected by the energy spent and the mining capital needed. So lets say someone wants to steal from my transaction by re-writing the block, they need that much energy and mining capital run for 10 blocks (1.5 hours) to overcome that. That is protection for value and ultimately the utility of the protocol.

I've put it at grade 4 level above, if you still do not understand, I do not have any more time to explain it to you.
post 1627878663 01-08-2021, 02:18 AM
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#177
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Originally Posted By Serenadium⏩
My brain fried reading that.

If I made a transaction for $10,000,000 in bitcoin 10 blocks deep, I am protected by the energy spent and the mining capital needed. So lets say someone wants to steal from my transaction by re-writing the block, they need that much energy and mining capital run for 10 blocks (1.5 hours) to overcome that. That is protection for value and ultimately the utility of the protocol.

I've put it at grade 4 level above, if you still do not understand, I do not have any more time to explain it to you.
why would they care about your coin, why dont they just transfer it using doge coin
post 1627878883 01-08-2021, 02:27 AM
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#178
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Originally Posted By MostBasedPost⏩
MOST BASED POST IN MISC HISTORY



















GAME OVER:



ibb.co/q5XV34K

































SHARE THE FUK OUT
nice try putin
post 1627880033 01-08-2021, 03:09 AM
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#179
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Originally Posted By Serenadium⏩
My brain fried reading that.

If I made a transaction for $10,000,000 in bitcoin 10 blocks deep, I am protected by the energy spent and the mining capital needed. So lets say someone wants to steal from my transaction by re-writing the block, they need that much energy and mining capital run for 10 blocks (1.5 hours) to overcome that. That is protection for value and ultimately the utility of the protocol.

I've put it at grade 4 level above, if you still do not understand, I do not have any more time to explain it to you.
I’ll explain it as I would to a 5 year old.

You’re describing something that is supposedly valuable because it took time and money to make it.

You can put time and money into something but THAT ISNT WHAT MAKES IT VALUABLE.

It’s valuable because people want it. They might want my hole in the ground or my grains of sand, as it happens they want a pointless algorithm.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1627880493 01-08-2021, 03:27 AM
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#180
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Originally Posted By samsbolton⏩
I’ll explain it as I would to a 5 year old.

You’re describing something that is supposedly valuable because it took time and money to make it.

You can put time and money into something but THAT ISNT WHAT MAKES IT VALUABLE.

It’s valuable because people want it. They might want my hole in the ground or my grains of sand, as it happens they want a pointless algorithm.
I agree except for the last statement. There are a lot of objectively very valuable things in this world I would identify as pointless. It's always a subjective preference of enough people that makes something objectively valuable.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
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