Message from @xorgy
Discord ID: 496476898407350273
it's a volatile asset class riddled with scammers
very dangerous. only criminals use it.
It's a fiat barnacle upon a fiat currency
hmm
You can say it's censorship proof, but it's dependent on being able to be bought or sold
Well, or laundered.
because people use it, there's demand.. but it doesn't depend on that
it still works even if it's worth $0
It is not that difficult to launder money into bitcoin through the exchange of commodities.
People use it because it's worth money
or "convert"
Well, it's worth different monies
silver is pretty useless since i can't use it at the restaurant, right?
including ones which are not mutually traded in any reasonable sense
it's pretty dependant on people wanting to buy it
It's also got practical uses.
and exchanges
so does bitcoin 😃
for example, you can buy bolivars with bitcoin
which is probably stupid
Alright, explain
Silver being pretty to look at is good enough I think
the censorship resistant forum i was talking about is built on a crypto
the information is on chain, no one can delete it
it does have some benefits, rye
the chain is a peer based database
it's just that they have failed to solve scaling problems with Bitcoin itself
and that is what is making it ??? currency wise.
everyone running a node has a copy of a distributed ledger of all transactions ever
the technology has some promise
I don't deny I want to abolish centralized influence
Using blockchain to build a usenet style discussion system sounds good
The problem is that at some point the network gets larger than the participants' disks
first of all motherfucker, I didn't say I "wasn't into crypto"
the anon posting is free
you don't just get to barge into this server and make demands
I asked
and I know that
chill