Message from @grant

Discord ID: 496480929238351873


2018-10-02 00:25:26 UTC  

you're not being a troll, you're just being annoying

2018-10-02 00:25:27 UTC  

i've talked about other stuff in here

2018-10-02 00:25:32 UTC  

lol

2018-10-02 00:25:34 UTC  

Theres not going to be a dedicated channel for singular topics

2018-10-02 00:25:36 UTC  

so chill out

2018-10-02 00:26:38 UTC  

@Blackhawk342 except firearms, dank memes, and shitposts.

2018-10-02 00:26:51 UTC  

yeah, i'm probably in the wrong place 😛

2018-10-02 00:27:08 UTC  

Maybe you can continue on the LBRY discord,

2018-10-02 00:27:19 UTC  

I'm sure there are lots of people willing to talk about cryptocurrency/attestation ledgers over there.

2018-10-02 00:27:33 UTC  

I've got lots of other places to talk about it, that's not the problem

2018-10-02 00:28:19 UTC  

there is no problem.

2018-10-02 00:29:09 UTC  

those are very wide topics

2018-10-02 00:29:36 UTC  

Its not as if someone said "lets have a channel to talk about rifles and no other gun types"

2018-10-02 00:29:58 UTC  

For one thing, don't confuse my concerns with Crypto with disapproval or dislike.

2018-10-02 00:34:13 UTC  

Cryptos are volatile, @RyeNorth There's lots of people who got rekt investing at the top... I don't want to be responsible for that, and that's why I stay from skeptical people. There's also the whole thing about scams. there's lots of them out there. people who have a natural interest will be able to do their own research better

2018-10-02 00:35:05 UTC  

My interest isn't in crypto as an investment, it's in crypto as a shelter.

2018-10-02 00:35:08 UTC  

bitcoin solved the problem of digital property. before that, you could copy and paste liberaly

2018-10-02 00:36:24 UTC  

it being a peer-based system, everyone has a copy of the history and anyone can send money. there's no 3rd party (like a bank) that can freeze your accounts.

it gets complicated, because there's not just Bitcoin out there

2018-10-02 00:37:04 UTC  

See what you should really be investing in is pre-'82 pennies because their copper value is worth more than a cent, so once pennies are decirculated you can melt them down for profit

2018-10-02 00:37:07 UTC  

for the sake of simplicity, it would be best to assume there's only bitcoin right now.

2018-10-02 00:37:57 UTC  

My uncle says invest in lead and gunpowder.

2018-10-02 00:38:03 UTC  

Do what Post Malone said, invest in seeds.

2018-10-02 00:38:08 UTC  

buy a farm

2018-10-02 00:38:15 UTC  

Did you know that when the US discontinued the half penny it had more buying power than the dime does today?

2018-10-02 00:38:28 UTC  

but if you can't buy a farm.. or you don't want silver..

2018-10-02 00:38:46 UTC  

there's bitcoin. internet money. digital scarcity

2018-10-02 00:39:05 UTC  

for more penny facts google "what are more penny facts google? thank you"

2018-10-02 00:39:11 UTC  

I still have zero clue how cryptos work at even the most basic level

2018-10-02 00:40:23 UTC  

simplest of level. it's a database that anyone can download and see all the transactions that ever happened.
security works on better cryptography than your bank account.

2018-10-02 00:42:22 UTC  

you generate an address based on some complicated math. the private key is only known to you and it's what allows you to say: "i own the money on that address, so i can spend it"

2018-10-02 00:42:23 UTC  

Where does the scarcity get it's value though?

2018-10-02 00:42:27 UTC  

cyber vermin

2018-10-02 00:42:37 UTC  

Post Malone looks like a sack of garbage.

2018-10-02 00:42:45 UTC  

when bitcoin was created, it was in the code that there's only gonna be 21 million available ever

2018-10-02 00:42:59 UTC  

when you "mine" bitcoins are created over time until that 21 mil mark

2018-10-02 00:43:04 UTC  

Alright...? And why is it valuable?

2018-10-02 00:43:05 UTC  

we're 3/4 of the way there now

2018-10-02 00:43:09 UTC  

because scarcity

2018-10-02 00:43:15 UTC  

because paypal without asking

2018-10-02 00:43:17 UTC  

permission

2018-10-02 00:43:34 UTC  

So as long as it can be exchanged into USD