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BITCOIN EXPLAINED

 
Mason Firefly

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04/14/2021 09:10 PM

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BITCOIN EXPLAINED
REaliZe

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04/14/2021 09:22 PM

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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
There's. A. H0le. In. The. Sky.
Herr Decider

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04/14/2021 09:44 PM
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Re: BITCOIN EXPLAINED
1 Bitcoin will be worth less than a chicken.

Shoon.
Augmented by Grace
mr dull socks

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04/14/2021 09:48 PM

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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
Corporal Punishment

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04/14/2021 09:53 PM
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Re: BITCOIN EXPLAINED
A difference, and it is big, is that gold has uses other than money. Even if only used in jewelry that is a use. Bitcoin has no uses other than as money. Also, Bitcoin requires computer systems. Gold can be carried on your person. It can be traded anywhere in the world with and without electricity or computer systems. Even dollars can be traded without computers.
blunt man

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04/14/2021 09:55 PM
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Re: BITCOIN EXPLAINED
"yeah yeah why don't you go discover avocado and smash it on toast ya dickhead ......maybe I will"
1rof1
Anonymous Coward
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04/14/2021 09:55 PM
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Re: BITCOIN EXPLAINED
proof of work doesn't work
Question EVERYTHING
Traveler In The Matrix

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04/14/2021 10:05 PM

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Re: BITCOIN EXPLAINED

 Quoting: Mason Firefly


That was awesome.

Thanks for the laugh.
First they ignore you, then they laugh at you, then they fight you, then you win. ~ Mahatma Gandhi

"Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face—forever." ~ George Orwell

"The exact level of tyranny that you're going to live under, is the level of tyranny you put up with." ~Thomas Jefferson

"All tyranny needs to gain a foothold is for people of good conscience to remain silent. ~ Thomas Jefferson
Anonymous Coward
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04/14/2021 10:11 PM
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Re: BITCOIN EXPLAINED

 Quoting: Mason Firefly


.



Funy how there is this big push to discourage young people from buying gold. 2030 you will own nothing and be zombie...
soon
Anonymous Coward
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04/14/2021 10:14 PM
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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
 Quoting: mr dull socks


Unless society becomes dependent on computers.

Then it is only useful if it has utility, scaling infinitely. Of course it would have to be legal.
Anonymous Coward
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04/14/2021 10:16 PM
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Re: BITCOIN EXPLAINED
Please everyone that hates Bitcoin keep saying that the price will one day go to zero.

Please keep rejecting its place in history.

Please keep up your negativity.

It only helps the cryptocurrency market.

Is 11 years enough, will 20 years be enough? Could there ever be a time in the future when Bitcoin still exists and has accepted value that you will admit that you are wrong?

"BITCOIN, the apex predator of the asset class". -Michael Saylor (MicroStrategy)
Anonymous Coward
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04/14/2021 10:20 PM
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Re: BITCOIN EXPLAINED
Gold is long term store of value, but it won't go up too much for a good while I don't think. It's nice to have when your silver stash starts getting heavy, be able to have a few grand in your pocket.

Silver has much more potential though, and in Egyptian times was worth even more than gold. But it could be a few years, and it's still not something you plan on ever selling unless there's an emergency.

I hear copper is what will go up in value the soonest, but I have no idea how to buy copper near spot, it's way too expensive online most places. I used to collect and strip wire but not anymore.

I have 150lbs of aluminum cans or so saved up, also 10lbs of Canadian nickels.

1oz of titanium :D
Anonymous Coward
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04/14/2021 10:22 PM
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Re: BITCOIN EXPLAINED
I only deal in beskar
Jungleboogie

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04/14/2021 10:27 PM
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Re: BITCOIN EXPLAINED

 Quoting: Mason Firefly


.



Funy how there is this big push to discourage young people from buying gold. 2030 you will own nothing and be zombie...
soon
 Quoting: Anonymous Coward 80160247


There is a push to stop young people from buying anything...gold, silver, bitcoin, real estate.

Great Reset, universal income (welfare basically), global slave class serving their elite masters and no one else allowed to work.

The rest of you become literally useless eaters, less than slaves.
Embrace the cognitive dissonance.
Anonymous Coward
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04/14/2021 10:34 PM
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Re: BITCOIN EXPLAINED
Please everyone that hates Bitcoin keep saying that the price will one day go to zero.

Please keep rejecting its place in history.

Please keep up your negativity.

It only helps the cryptocurrency market.

Is 11 years enough, will 20 years be enough? Could there ever be a time in the future when Bitcoin still exists and has accepted value that you will admit that you are wrong?

"BITCOIN, the apex predator of the asset class". -Michael Saylor (MicroStrategy)
 Quoting: Anonymous Coward 78779972


I don't think anyone knows for sure what will happen with crypto.

Seems high risk, high potential reward. I'd risk 10% of what I had to invest, maybe more if I really got into it. I'm addicted to silver though.

Bitcoin could go to zero (EMP, government outlaw) or it could go to the moon. (Silver could have premiums skyrocket soon where it basically becomes unobtanium by bottlenecking government mints, so this might be the last run for many). Either way, metaltards and cryptotards should be kind to one another since it's us against the bankers, we shouldn't be divided and should hope both skyrocket in price so we all do well.
peace hf
Anonymous Coward
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04/14/2021 10:36 PM
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Re: BITCOIN EXPLAINED
Physical gold will only sell what someone will pay you where you are. Bitcoin is global. I can sell it to some Iranian and get stable coin for it.
Anonymous Coward
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04/14/2021 10:39 PM
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Re: BITCOIN EXPLAINED

 Quoting: Mason Firefly


this doesnt explain bitcoin, this explains one mans bad decisions by not accepting a hunk of gold as payment for some rat skins....

bad bad decision on that guys part....

what i got from this was buy bitcoin
Anonymous Coward
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04/14/2021 10:39 PM
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Re: BITCOIN EXPLAINED
silver
gold

useful cryptos that can solve problems like XRP, HBAR etc
Anonymous Coward
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04/14/2021 10:39 PM
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Re: BITCOIN EXPLAINED
1 Bitcoin will be worth less than a chicken.

Shoon.
 Quoting: Herr Decider


ChickenCoin to the moooon
Anonymous Coward
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04/14/2021 10:44 PM
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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
 Quoting: mr dull socks




Silver has over 10,000 applications. The only thing gold has on silver is that it's yellow and pliable. Siler can reflect, sterilize. It can do tons of shit gold cant do.
TIO JUAN

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04/14/2021 10:47 PM
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Re: BITCOIN EXPLAINED
1 Bitcoin will be worth less than a chicken.

Shoon.
 Quoting: Herr Decider


ChickenCoin to the moooon
 Quoting: Anonymous Coward 80247668


dog coin is better ...so far
UNCLE JOHN
hankie
Everything

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04/14/2021 11:02 PM

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Re: BITCOIN EXPLAINED
Bad background, at that time people were raiding other countries and people to get gold and silver. Their fall was because of fiat coins and economy base on the same thing as now. Gold was only used for making idols and jewelry. Bronze was the fiat of the day, too plentiful to be of much value. Went Neo was killing the Christians and burning them in his garden for light, they were his scapegoat, their fault not his mismanagement. If you study those times you would understand more of what Jesus was saying about Roman Coins, it had the leaders head on it, its worth was that only, it was not godly or of worth it was greed pushing it. Idols and greed, kept the people under their foot. It had worked a long time, yet it never lasts, anytime in the history of monetary use it crashed. At that time, all the people were starting to lose everything and taxes were being laid on them, this was people who were free and had property.

When people figured out they needed gold and silver some went hog wild getting it as fast as they could. Rome failed, most of the countries failed, Civilization failed, it did not take long, a little long than some think, after the start food, housing and other things came to a stop. Then it was survival, not going straight into the other things that happened because of it, that came over years.

Most of the gold for the horde was used for decorations for the animals and jewelry, they were by their might taking the other things they needed. Of course, they did not live always doing this, they had homes and livestock, and people were scared to mess with them.

To survive this is to keep your head on straight don't be greedy and work if out in trade, just a note on paper that this is worth so many skins type things. It is fine if it fills the need.

This is why the pipeline is so important and Biden needs his rump kick to the curb, and all these nuts that brought him there.

Truth I think we have technology that could solve this, if these people who don't want to let it out, gets their rumps handed to them. They have been trying for years to open this up, and look at the push back.
Sorry I got a headache

These are the times that tries men's and
women's souls!

May we come though it victorious!
Anonymous Coward
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04/14/2021 11:03 PM
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Re: BITCOIN EXPLAINED
Once Elon’s spaceX finds an Astriod with a fragment of gold...
1 + 1
Anonymous Coward
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04/14/2021 11:08 PM
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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
 Quoting: mr dull socks


How’s that stockpile of lumber treating you, weirdo.
Anonymous Coward
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04/14/2021 11:20 PM
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Re: BITCOIN EXPLAINED
Please everyone that hates Bitcoin keep saying that the price will one day go to zero.

Please keep rejecting its place in history.

Please keep up your negativity.

It only helps the cryptocurrency market.

Is 11 years enough, will 20 years be enough? Could there ever be a time in the future when Bitcoin still exists and has accepted value that you will admit that you are wrong?

"BITCOIN, the apex predator of the asset class". -Michael Saylor (MicroStrategy)
 Quoting: Anonymous Coward 78779972


It plays a part in the beast system in some form or another.
It can be turned off if the Government thinks you are stepping outside of the lines.

Also EMP.
Anonymous Coward
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04/15/2021 01:39 AM
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Re: BITCOIN EXPLAINED
Once you can break gold into fractions of itself and send it across the world and write a smart contract on it i will buy gold. Oh wait there bitcoin....
Anonymous Coward
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04/15/2021 01:39 AM
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Re: BITCOIN EXPLAINED
1 Bitcoin will be worth less than a chicken.

Shoon.
 Quoting: Herr Decider


Yea ok there BTC guru.
Anonymous Coward
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04/15/2021 01:41 AM
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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
 Quoting: mr dull socks


Nope, it's not.
Crypto has now gone mainstream and there's no stopping it.
Anonymous Coward
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04/15/2021 01:46 AM
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Re: BITCOIN EXPLAINED
A difference, and it is big, is that gold has uses other than money. Even if only used in jewelry that is a use. Bitcoin has no uses other than as money. Also, Bitcoin requires computer systems. Gold can be carried on your person. It can be traded anywhere in the world with and without electricity or computer systems. Even dollars can be traded without computers.
 Quoting: Corporal Punishment


Gold is only good so long as the other person values it.
It has no intrinsic value unless someone views it as an asset.
The only value it has is in tooth fillings and electronic devices.
Currently it is being valued via a fiat currency.
Anonymous Coward
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04/15/2021 01:48 AM
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Re: BITCOIN EXPLAINED
There is predictable emp from the sun coming, possibly this solar max or the next solar max 26 coming tptb know this..chemtrails are a prep for this event. They want to keep the civilization they invented, won't happen. History shows this is the norm. Back to the stone age. Unless some break away from society, like other past civilizations have by going underground...some people call these breakaways from the past, aliens. And given the uptick on ufo sightings..I think it may happen this solar max cycle. A can of beans will be the wealth to own.
Anonymous Coward
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04/15/2021 01:53 AM
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Re: BITCOIN EXPLAINED
Lol... classic.

It does remind me how gold is only really worth about as much as everyone’s wives think the jewelry it’s made from is worth.
 Quoting: REaliZe


gold has the same uses as silver. 1000's, they only use silver because it is cheaper. bitcoin has none
 Quoting: mr dull socks


Nope, it's not.
Crypto has now gone mainstream and there's no stopping it.
 Quoting: Anonymous Coward 72786480


hf





GLP