Bitcoin Cracks $5000

[dannno]

18k

nobody cares hahaha.

Already spent years trying to convince patriots and freedom lovers to get on board. Obviously I don't care if zippy buys any. If you're not onboard already, well, it's still probably a pretty good idea to pick some up.

 

[jkr]

It's down to 17895 from 18500. Some store of value! hahaha.... It'll crash next time to 22.5, then next time to 30K... Always crashing!

its anti-GRAVITY !
its anti-FRN
it is, NOT, emp proof
i wish mine hadnt been stolen

 

[Mordan]

Already spent years trying to convince patriots and freedom lovers to get on board. Obviously I don't care if zippy buys any. If you're not onboard already, well, it's still probably a pretty good idea to pick some up.

the problem is that the less distributed Bitcoin is, the more incentives jealous buttcoiners have to pass law to make life miserable to people like us.

Its happening already. The BTC -> Fiat ramp are regulated to the extreme. The burden of proof will be one you.

It will be an Orwellian "show us proof that you didn't commit fraud using your crypto"

 

[dannno]

Nearing the all time high..

$19,229.50

 

[r3volution 3.0]

Bitcoin remains, in essence, a no-earnings tech stock. Other than the network effect (i.e. it has value because it has value), which cannot support the price of anything long term (see the story of every speculative mania), the only support for bitcoin is its utility as a payment processing system. I don't think it's a useful payment processing system right now, let alone the dominant system of the future. But, hey, Tesla's trading at a p/e ratio over 1000. What could go wrong?

 

[Mordan]

ATH

Its not a tech stock.. Its a completely new thing. Sorry if you don't do your own open minded research. For a start, its a public ledger notarized by gazillions watts of energy.

Bitcoin remains, in essence, a no-earnings tech stock.

Rescind your statement or

Are you an intellectual fraud like the liberals?

 

[devil21]

ATH

Its not a tech stock.. Its a completely new thing. Sorry if you don't do your own open minded research. For a start, its a public ledger notarized by gazillions watts of energy.





Rescind your statement or

Are you an intellectual fraud like the liberals?

It's completely new! A digital string of 1s and 0s, with buy/sell transactions run through brokerages and exchanges who mostly keep retail transactions in their own dark pools, also who skim off "fees", turn over your info to the Feds for tax purposes, uses a trust structure where the holder of the asset isn't actually the owner of it, has banker run futures markets, and many, many other differences from stock markets.

 

[dannno]

It's completely new! A digital string of 1s and 0s, with buy/sell transactions run through brokerages and exchanges who mostly keep retail transactions in their own dark pools, also who skim off "fees", turn over your info to the Feds for tax purposes, uses a trust structure where the holder of the asset isn't actually the owner of it, has banker run futures markets, and many, many other differences from stock markets.

Um, you can also have an offline wallet, meaning that entire post is garbage.

 

[Mordan]

Um, you can also have an offline wallet, meaning that entire post is garbage.

those blind anti bitcoin people on this forum shows that liberals don't have the monopoly of intellectual fraud.

 

[devil21]

Um, you can also have an offline wallet, meaning that entire post is garbage.

What exactly is in the offline wallet? The entire blockchain?

 

[dannno]

What exactly is in the offline wallet? The entire blockchain?

A wallet has a private key and a public key.

The public key is the one I would send you if we wanted to do a transaction, so you could send bitcoin to that public address. You can also use the public key to check the blockchain for the value of a wallet.

The private key is needed to interact with the blockchain to create send transactions.

A wallet is a combination of both, so it will simply read the public blockchain to verify the value of the wallet, and then send a transaction using the private key which is often protected by another layer of cryptography in order to keep the wallet secure.

The wallet need only be comprised of the public key and private key.

 

[devil21]

A wallet has a private key and a public key.

The public key is the one I would send you if we wanted to do a transaction, so you could send bitcoin to that public address. You can also use the public key to check the blockchain for the value of a wallet.

The private key is needed to interact with the blockchain to create send transactions.

A wallet is a combination of both, so it will simply read the public blockchain to verify the value of the wallet, and then send a transaction using the private key which is often protected by another layer of cryptography in order to keep the wallet secure.

The wallet need only be comprised of the public key and private key.

So the wallet contains what is essentially the equivalent of a "login credential". It does not contain "your" bitcoins, does it? So I'm right back to how the bitcoin asset is not in your possession, just like how stocks are not in your possession, and you are only a holder of the asset, not the owner. By holder, I mean having an equitable interest in the asset but not ownership. It really is much more similar to stock markets and a share of a tech stock than unlike it. In fact, the overall legal model that it's running under is exactly the same as stocks and pretty much everything else, where you have a legal interest in the asset, tied to a nominal dollar value, but not legal ownership. Same as a registered car, registered real estate, registered business. The one major difference I do see is that bitcoin isn't really owned by anyone or any particular legal entity, as it is a completely distributed model, while the car, property, etc is actually owned by governments. Bitcoin is, instead, an ethereal global widget masquerading as an asset, owned by a global legal trust. Just the fact that it's a global widget shows that it's a globalist banker invention.

 

[dannno]

So the wallet contains what is essentially the equivalent of a "login credential". It does not contain "your" bitcoins, does it? So I'm right back to how the bitcoin asset is not in your possession, just like how stocks are not in your possession, and you are only a holder of the asset, not the owner. By holder, I mean having an equitable interest in the asset but not ownership. It really is much more similar to stock markets and a share of a tech stock than unlike it. In fact, the overall legal model that it's running under is exactly the same as stocks and pretty much everything else, where you have a legal interest in the asset, tied to a nominal dollar value, but not legal ownership. Same as a registered car, registered real estate, registered business. The one major difference I do see is that bitcoin isn't really owned by anyone or any particular legal entity, as it is a completely distributed model, while the car, property, etc is actually owned by governments. Bitcoin is, instead, an ethereal global widget masquerading as an asset, owned by a global legal trust. Just the fact that it's a global widget shows that it's a globalist banker invention.

You just don't know how it works. If the wallet contained the bitcoins then you could make a copy then transfer them to two different people. The bitcoin are on the blockchain, and you have a complex cryptographic key to access and transfer them to somebody else on the blockchain. That prevents the double spending problem that can occur with other digital assets.

 

[devil21]

You just don't know how it works. If the wallet contained the bitcoins then you could make a copy then transfer them to two different people. The bitcoin are on the blockchain, and you have a complex cryptographic key to access and transfer them to somebody else on the blockchain. That prevents the double spending problem that can occur with other digital assets.

So the answer is that no, you don't have possession of any bitcoins in your remote wallet. You don't seem to want to answer the most basic of yes/no questions like that.

You have in your remote wallet what is essentially an encrypted login credential that gives you access to "your" bitcoins. The bitcoins remain in the ether, not your possession, just like digital stocks. You have an encrypted login credential that verifies that you have legal holder status but that's it.

You're making the concept much more complicated and difficult to understand than it needs to be. Bankers love that kind of thing. Making simple concepts sound too complicated to understand. Bitcoin and altcoins is a stock market for millenials and GenZ who think they're not playing in the banker's sandbox but still are.

 

[Proph]

So the answer is that no, you don't have possession of any bitcoins in your remote wallet. You don't seem to want to answer the most basic of yes/no questions like that.

You have in your remote wallet what is essentially an encrypted login credential that gives you access to "your" bitcoins. The bitcoins remain in the ether, not your possession, just like digital stocks. You have an encrypted login credential that verifies that you have legal holder status but that's it.

Who owns anything, really? (Doesn't everything all ultimately belong to God anyway?)

The greatest thing about Bitcoin is that it gets people looking at fiat and presents a living example in economics.

You're making the concept much more complicated and difficult to understand than it needs to be. Bankers love that kind of thing. Making simple concepts sound too complicated to understand. Bitcoin and altcoins is a stock market for millenials and GenZ who think they're not playing in the banker's sandbox but still are.

Sometimes even simple things are complicated. (Everyone eats, yet who can describe their own metabolization process from start to finish; let alone all the circumstances that bring that food to your lips in the first place!)

You're right, though: Cryptocurrency is currently being treated as a stock or commodity, rather than it's intentional use as a currency. (This will eventually change as more businesses start accepting it.)

 

[Mordan]

new ATH

20.6k

probably on its way to 100k with institutional FOMO.

we will see.

 

[dannno]

So the answer is that no, you don't have possession of any bitcoins in your remote wallet. You don't seem to want to answer the most basic of yes/no questions like that.

You have in your remote wallet what is essentially an encrypted login credential that gives you access to "your" bitcoins. The bitcoins remain in the ether, not your possession, just like digital stocks. You have an encrypted login credential that verifies that you have legal holder status but that's it.

You're making the concept much more complicated and difficult to understand than it needs to be. Bankers love that kind of thing. Making simple concepts sound too complicated to understand. Bitcoin and altcoins is a stock market for millenials and GenZ who think they're not playing in the banker's sandbox but still are.

There are pro's and cons to this system, although you seem to be highly exaggerating the "con" if it really is one.

If somebody steals my offline bitcoin wallet, or if I accidentally drop it into the ocean, nobody can steal my bitcoins and I still have access them and can spend them.

There is also no centralized control of the network. Bankers are not a fan.

 

[devil21]

There are pro's and cons to this system, although you seem to be highly exaggerating the "con" if it really is one.

The con is that it's yet another imaginary money mindscrew from the same old suspects that have perfected the imaginary money mindscrew over many years. You think it's coincidence that Heir Schwab of the WEF says that by 2030 we "will own nothing", right after yet another "nothing" money substitute was unveiled to the masses and then the CBDC injected into the narrative soon after that? Come on, man. I know you're not that dense.

If somebody steals my offline bitcoin wallet, or if I accidentally drop it into the ocean, nobody can steal my bitcoins and I still have access them and can spend them.

Uh really? If you don't have the authentication keys that were stored on the wallet you can't have access, right? You can't have it both ways, saying that it's secure but then say that losing the keys still allows you access. I recall the story about the hard drive with a key to 7500 bitcoins that was thrown away. Does that person still have access to those bitcoins?

There is also no centralized control of the network. Bankers are not a fan.

Yeah, because bankers can't just create dollars and buy it all up to control it Besides, everyone knows there are a handful of unknown "whales" that move the bitcoin price in collusion. How exactly do you know that these few whales are not the bankers themselves?

 

[Mordan]

The con is that it's yet another imaginary money mindscrew from the same old suspects that have perfected the imaginary money mindscrew over many years. You think it's coincidence that Heir Schwab of the WEF says that by 2030 we "will own nothing", right after yet another "nothing" money substitute was unveiled to the masses and then the CBDC injected into the narrative soon after that? Come on, man. I know you're not that dense.



Uh really? If you don't have the authentication keys that were stored on the wallet you can't have access, right? You can't have it both ways, saying that it's secure but then say that losing the keys still allows you access. I recall the story about the hard drive with a key to 7500 bitcoins that was thrown away. Does that person still have access to those bitcoins?



Yeah, because bankers can't just create dollars and buy it all up to control it Besides, everyone knows there are a handful of unknown "whales" that move the bitcoin price in collusion. How exactly do you know that these few whales are not the bankers themselves?

you are such a normy.

its because of you normies that the smart money gets richer and the poor stay poor.

you are hopeless. We already explained. You are an intellectual fraud.

 

[Mordan]

21k