general
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Banks cannot simply deny you your money
Credit institutions can
What's far scarier than seeing Paypal censor people
if someone in power decides that you're a criminal, even if you're not, they can freeze your account, stop paypal access, etc
is seeing Discovercard censor people.
I'm not saying "this isn't scary"
It is
it's at the whims of SOMEONE is the point
What I'm saying is before people rush out into the world, make sure you are sure of your target so you can't be kneecapped by detractors
with crypto, you can't stop me from sending money to an address
that's where people see value in it.
Not getting it.
then i'm #fired
Okay, so the entire point of a currency is that it's representative of something else. It's a common, stable value. If a Dollar is under the Gold Standard, your dollar is worth a share of the gold. As a Fiat Currency, your dollar is worth a portion of the whole of the economy, including goods and services.
What, exactly, is Bitcoin a share of?
Or Etherium. or whatever, what are they a share of?
of it only ever having 21 million in existance. it's secured by math and electricity providing digital proofs
I drop a finite amount of deuces on the side of the road. That doesn't make any of them valuable.
deuces?
poo?
When you've got to go you've got to go.
it's worth something to someone
bugs'll eat it, birds eat the bugs
Hey roadcrypto.
The more you speak the more 'Crypto' looks like a religion.
religion based on open source software?
sup, Miss?
Ima pee in yo butt
gross
That's got some scarcity. That's gotta be worth a lot, Scrib.
sitting or standing?
the pics will be scarce, wanna buy em?
ETH has actual utility doesn't it?
I think that one actually does, yeah.
Either that or Litecoin. I forget which one.
I'm not a fan of eth.. it doesn't hold up to alot of what I said about crypto
Dis gun b gud https://www.youtube.com/watch?v=MzCRxLzPtZ0
@RyeNorth and what is the difference between bit coin and the dollar? the Dollar is fiat as well.
omg, @Scribblehatch did you just rape culture me?
I was just catching up on CMM the other day
@ryuplaneswalker utility
@ryuplaneswalker Entirely my point.
@CreativeRealms I just finish watching that "IM LITERALLY SHAKING"
There is one major difference, you can't make new bit coins once you get to the max.
in simple terms, yes, Ethereum has "utility" in the way you can build programs on top of it
that forum is built on EOS
Except that Bitcoin's value is dependent on USD.
unlike the Dollar
but ETH is centralized
IM CRYING BECAUSE YOUR IN MY SAFE SPACE REEEEEEEEEEEE
Crypto is ENTIRELY dependent on being the future. Like Pokemon Cards.
and at the whims of the Foundation
If the infrastructure for btc goes down tomorrow yer fucked, and nobody else has to care. If USD goes down tomorrow everyone's fucked
That is not true Rye.
The Value of a TCG card..
So nobody will fuck with USD and you will not feasibly lose access to USD
is dependent on it's playability.
But you can for btc
Not true either
That's not entirely true.
Yes it is Rye
There are cards not even attached to games that accumulate value based on rarity
Yes
but..there is a reason a Beta Black lotus is 2K
Also
and a Beta healing Salve is 3
ONE
is playable
the other is not
you guys totally lost me now ๐
wrong one.
lol
Rye - Black Lotus is 2K because it is the most powerful card in the game
Bitcoin is technically finite isn't it?
it is
No, it's a function of it's scarcity and it's playability.
and if it were unplayable
it would be 3 Dollars
Probably not. Alpha cards are still worth a lot.
The price of Bitcoin should, ideally, reflect the cost of producing it. I'm positive it still doesnt
it costs around 6k usd to make a bitcoin right now
on average
Oh so it's accurate now no?
let me get the pic
Rye - Alpha black lotus is playable.
you just have to use sleeves
Nothing disgusts me more than seeing a person cry for an inadequate reason.
the cost comes from the electricity it takes to crunch numbers of cryptographic proofs
https://ei.marketwatch.com/Multimedia/2018/03/06/Photos/NS/MW-GE934_bitcoi_20180306125301_NS.jpg for ease of viewing's sake.
the math gets pretty complicated, I would do a terrible job of explaining it
Wtf.
How does that work in Venezuela?
(there is no electricity)
(Yes there is)
(I have a friend there)
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