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Forum » Bitcoin smashes all-time high on Tesla purchase news
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Thread: Bitcoin smashes all-time high on Tesla purchase news

post 1630844773 02-08-2021, 06:26 AM
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Bitcoin smashes all-time high on Tesla purchase news

$44k and climbing.

Special shoutout to SamsBolton the eternally coping boomer:
Originally Posted By samsbolton⏩
That’s all great except at none of those junctures did I, Samsbolton, call the top.

I have now. It’s over. Cash out of this crap while you still can, cryptonerds
Misc Crypto Crew
BTC to $200k
post 1630845623 02-08-2021, 06:45 AM
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Great now we are going to have 15 daily coincel threads again
Plant the trees in whose shade your grandchildren will play
post 1630845723 02-08-2021, 06:47 AM
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Cashless society incoming
Formerly HandBrah, LipBrah & FootBrah
they call me Don Taters
NYM
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WE GONNA WIN THE FUKING SUPERBOWL SOON BAYBEH
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post 1630845733 02-08-2021, 06:47 AM
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Nocoincells on suicide watch
post 1630845743 02-08-2021, 06:47 AM
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and people on the misc will still doubt bitcoin, guys just get in and hold!
post 1630845773 02-08-2021, 06:48 AM
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You like ETH better correct OP? I have ETH but no BTC atm
post 1630845813 02-08-2021, 06:49 AM
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Huh. Holy phuck
post 1630846103 02-08-2021, 06:53 AM
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greatest pyramid scheme in history, mirin
post 1630846273 02-08-2021, 06:57 AM
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#9
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No matter who buys bitcoin it will still remain fundamentally flawed and unethical.

It´s not about bitcoin becoming any better, it´s about who is buying into the scheme to push the price up.
post 1630846913 02-08-2021, 07:07 AM
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Originally Posted By PimpMasterC⏩
No matter who buys bitcoin it will still remain fundamentally flawed (...)
This

-long transaction times
-enormous, poor scaling, block chain in the gigabytes
-early adopter whales with large positions able to manipulate price
-trading bot scandals and other price manipulations
-50% attacks possible with huge china mines
-insane energy demands to run network
-dubbed a currency, yet looks more like a pump and dump stock. Currency is supposed to provide a somewhat stable place a value in order to facilitate trade. Bitcoin blows up, then corrects on a regular basis
-who does bug fixes and how can we trust them with an entire currency?
post 1630847023 02-08-2021, 07:09 AM
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#11
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Originally Posted By isingmodel⏩
$44k and climbing.

Special shoutout to SamsBolton the eternally coping boomer:
This made me chuckle. Mr. Copeton is fuming
post 1630847113 02-08-2021, 07:11 AM
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80% of bitcoin is owned by a small amount of people lol at all the cheerleaders that pretend like they are making a ton of money every time it goes up again.
post 1630847423 02-08-2021, 07:15 AM
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Originally Posted By isingmodel⏩
Special shoutout to SamsBolton the eternally coping boomer:
Sam is one of my favorite Miscers for the same reason that Russian crash cam vids are amusing.
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
post 1630847693 02-08-2021, 07:19 AM
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Is there any intrinsic worth of Bitcoin?

What is the actual purpose of this seemingly nonsense coding exercise?
I have sampled every language and French is my favorite to curse in.

Kryptonite Crew
post 1630847873 02-08-2021, 07:23 AM
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Originally Posted By Merovingian11⏩
Is there any intrinsic worth of Bitcoin?

What is the actual purpose of this seemingly nonsense coding exercise?
Its supposed to mirror things like gold in that its supposed to be rare and takes greater and greater resources to access more supply over time.

The fundamentals are sound but I worry quite a bit about global government stepping in and interfering.
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
post 1630847983 02-08-2021, 07:25 AM
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#16
  1. Merovingian11
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Originally Posted By nosirrahx⏩
Its supposed to mirror things like gold in that its supposed to be rare and takes greater and greater resources to access more supply over time.

The fundamentals are sound but I worry quite a bit about global government stepping in and interfering.
OK but what does it do for us to have it?

Gold is used in circuit boards and other things.

Why are bitcoins worth anything?
I have sampled every language and French is my favorite to curse in.

Kryptonite Crew
post 1630847993 02-08-2021, 07:25 AM
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#17
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Originally Posted By Merovingian11⏩
Is there any intrinsic worth of Bitcoin?

What is the actual purpose of this seemingly nonsense coding exercise?
when you take a dump in your toilet that has more worth than chitcoin.

you are welcome chief.
post 1630848263 02-08-2021, 07:28 AM
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Originally Posted By Merovingian11⏩
OK but what does it do for us to have it?

Gold is used in circuit boards and other things.

Why are bitcoins worth anything?
Bitcoin gained initial value as a reflection of its blockchain technology.
post 1630848343 02-08-2021, 07:29 AM
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  1. PimpMasterC
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It is worth what idiots are willing to pay for it. Bitcoin is a symptom of the current clown world. A world inhabitated and run by idiots. The biggest crypto would in an ideal world, solve real world problems and make the planet a better place. But we don´t live in such a society, and there is no reason to think we ever will.
post 1630848353 02-08-2021, 07:29 AM
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#20
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It can take a couple of words to shut it all down. Keep pumping.
EoR is powered by unique Nanomolecular Hyperdispersion Technology. Giving him high bioavailability and myocellular saturation.
post 1630848403 02-08-2021, 07:30 AM
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Originally Posted By Merovingian11⏩
OK but what does it do for us to have it?

Gold is used in circuit boards and other things.

Why are bitcoins worth anything?
Because you get to buy stuff with it over the internet with absolutely no purchase protection or any idea of who you sent it to, or any comeback at all when you don’t get what you paid for.

Can’t you see how exciting that is?
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1630848853 02-08-2021, 07:36 AM
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OK so if I understand correctly it's essentially worthless.
I have sampled every language and French is my favorite to curse in.

Kryptonite Crew
post 1630849023 02-08-2021, 07:38 AM
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Originally Posted By PenorBrahNoHomo⏩
You like ETH better correct OP? I have ETH but no BTC atm
I think ETH will have better bottom to top returns this cycle, but there will be extensive periods of BTC heavy price action (not now, we are still in the middle of alt season).
Misc Crypto Crew
BTC to $200k
post 1630849153 02-08-2021, 07:40 AM
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Originally Posted By samsbolton⏩
Because you get to buy stuff with it over the internet with absolutely no purchase protection or any idea of who you sent it to, or any comeback at all when you don’t get what you paid for.

Can’t you see how exciting that is?
The copelord arrives on schedule!
Misc Crypto Crew
BTC to $200k
post 1630849413 02-08-2021, 07:45 AM
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Originally Posted By samsbolton⏩
Because you get to buy stuff with it over the internet with absolutely no purchase protection or any idea of who you sent it to, or any comeback at all when you don’t get what you paid for.

Can’t you see how exciting that is?
One of my best buds is a huge crypto guy and even he is afraid to move coins around because they get lost with no way to recover them. Happened to him with a large sum, but he is still all in on crypto. More so for speculation than anything.
post 1630849463 02-08-2021, 07:46 AM
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What happens to bitcoin again when AI and processing power gets to the point it can instantly solve the equation ? (It will eventually)
post 1630849813 02-08-2021, 07:52 AM
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Originally Posted By Duckliver⏩
What happens to bitcoin again when AI and processing power gets to the point it can instantly solve the equation ? (It will eventually)
Solve what equation? If you mean something like a quantum computer that can break SHA-256, we are quite a lot further away from that than you probably think - and it would equally impact every SHA-256 derived security algo in the world.

Quantum resistant consensus algorithms are already being developed.
Misc Crypto Crew
BTC to $200k
post 1630849853 02-08-2021, 07:52 AM
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#28
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Originally Posted By rjthegreat10⏩
Nocoincells on suicide watch
post 1630850053 02-08-2021, 07:56 AM
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Originally Posted By OffwhiteBrah⏩
greatest pyramid scheme in history, mirin
but its a store ofvalue!
post 1630850753 02-08-2021, 08:08 AM
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#30
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Originally Posted By hoganrulz⏩
Cashless society incoming
covid just in time for them to ban money
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