I've tried to get you to explain where Bitcoin's value comes from, if not piggybacked off of USD. you can't explain it.

you are out..half a paycheckl

I'm not trying to tell you guys to invest. sorry if it comes off that way

Oh, no, that's not what I"m getting from you.

k

What I thought I was going to do

was address my concerns with Crypto with someone who wanted to talk about it.

I tried to tell you about scarcity... everyone is saying i'm a douche, so i'm not trying to push too much.

Ok. Done writing the book

the code is open source.

"scarcity" does not equate to demand.

that's correct

Value is determined by both supply and demand.

we've been using paypal to send money online

and things like western union..

But it's still USD.

what isn't?

bitcoin?

it isn't, no.

I can't send a USD to China without a 3rd party or flying there and going through borders

If you send someone money through Western Union, or Paypal, you're sending USD from one person to another.

it goes through a bank, it's not a dollar note i hold anymore, so they control it while it gets sent.

Yes, they allocate funds within their vaults, essentially.

if they deplatform you, like we've seen happening, you can't send or recieve money on paypal for example

Stop

k

Let's be very clear here

PayPal relies on the credit backend

i'm not advocating for crimminal activities

Not what I'm saying.

Visa, Mastercard, Amex, Discover

but we've seen people get de-platformed for no reason

I'm saying be clear on the target

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