Message from @xorgy

Discord ID: 496476662989455363


2018-10-02 00:17:40 UTC  

if you're scared of bitconnect, it's not a good start

2018-10-02 00:17:57 UTC  

You don't know what I'm for or against

2018-10-02 00:17:57 UTC  

it's not easy to deal with if you're the kind of person who gets viruses on your computer

2018-10-02 00:17:59 UTC  

BUT

2018-10-02 00:18:13 UTC  

the infrastructure is being built to make it more n00b friendly

2018-10-02 00:18:26 UTC  

it's a volatile asset, ther'es a shitload of scammers... it's not easy to deal with

2018-10-02 00:18:27 UTC  

so

2018-10-02 00:18:30 UTC  

Jesus you're condescending

2018-10-02 00:18:33 UTC  

if you're skeptical, stay away

2018-10-02 00:18:49 UTC  

You can't argue against my point.

2018-10-02 00:19:01 UTC  

it's a volatile asset class riddled with scammers

2018-10-02 00:19:15 UTC  

very dangerous. only criminals use it.

2018-10-02 00:19:18 UTC  

It's a fiat barnacle upon a fiat currency

2018-10-02 00:19:36 UTC  

hmm

2018-10-02 00:19:57 UTC  

You can say it's censorship proof, but it's dependent on being able to be bought or sold

2018-10-02 00:20:14 UTC  

Well, or laundered.

2018-10-02 00:20:19 UTC  

because people use it, there's demand.. but it doesn't depend on that

2018-10-02 00:20:31 UTC  

it still works even if it's worth $0

2018-10-02 00:20:35 UTC  

It is not that difficult to launder money into bitcoin through the exchange of commodities.

2018-10-02 00:20:37 UTC  

People use it because it's worth money

2018-10-02 00:21:00 UTC  

or "convert"

2018-10-02 00:21:11 UTC  

Well, it's worth different monies

2018-10-02 00:21:15 UTC  

silver is pretty useless since i can't use it at the restaurant, right?

2018-10-02 00:21:29 UTC  

including ones which are not mutually traded in any reasonable sense

2018-10-02 00:21:33 UTC  

it's pretty dependant on people wanting to buy it

2018-10-02 00:21:35 UTC  

It's also got practical uses.

2018-10-02 00:21:36 UTC  

and exchanges

2018-10-02 00:21:41 UTC  

so does bitcoin 😃

2018-10-02 00:21:42 UTC  

for example, you can buy bolivars with bitcoin

2018-10-02 00:21:54 UTC  

which is probably stupid

2018-10-02 00:21:56 UTC  

but heh

2018-10-02 00:22:00 UTC  

Alright, explain

2018-10-02 00:22:09 UTC  

Silver being pretty to look at is good enough I think

2018-10-02 00:22:09 UTC  

the censorship resistant forum i was talking about is built on a crypto

2018-10-02 00:22:17 UTC  

the information is on chain, no one can delete it

2018-10-02 00:22:26 UTC  

it does have some benefits, rye

2018-10-02 00:22:31 UTC  

the chain is a peer based database

2018-10-02 00:22:40 UTC  

it's just that they have failed to solve scaling problems with Bitcoin itself

2018-10-02 00:22:50 UTC  

and that is what is making it ??? currency wise.

2018-10-02 00:22:54 UTC  

everyone running a node has a copy of a distributed ledger of all transactions ever

2018-10-02 00:23:01 UTC  

the technology has some promise