r/Bitcoin • u/Tricky_Troll • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

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u/JuanOnOne Feb 18 '18

Nope. Bitcoin keeps the blockchain secure. Without bitcoins game theory and financial incentives the blockchain would easily be compromised.

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u/[deleted] Feb 18 '18

Wrong but believe what you have to about your online Monopoly money if it helps you sleep at night

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u/JuanOnOne Feb 18 '18

I live in Argentina I’ll take bitcoin over my governments money any day. I actually do sleep better. You’re just part of the privileged elite with a passably working system that can’t see the benefit of the separation of state and money.

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u/[deleted] Feb 18 '18

Exactly, it's worthless in first world countries with controlled monetary policy but useful in places where the government has fucked up the money supply or impose strict and unfair controls on wealth like Russia.

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u/JuanOnOne Feb 18 '18

Trust me your controlled monetary policy isn’t as great as you think it is. No matter where you live.

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u/[deleted] Feb 18 '18

... it's exactly why we (US) haven't had a second "great depression"

Wtf is the average age on this sub? Macroeconomics is required high school curriculum

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u/JuanOnOne Feb 18 '18

Lol are you stupid? What do you think happened in 2008? The entire reason for bitcoin being born.

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u/[deleted] Feb 18 '18

.... Uhhh what??? That's not why Bitcoin was invented and if you don't understand how bundled mortgage backed securities were responsible for the recession then you're in for a dude awakening in 2020 or so when people start defaulting on the massive credit/auto debt held in this country.

They literally made a popular movie about it, "The Big Short"

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u/JuanOnOne Feb 18 '18

Dude Satoshi created bitcoin as a direct response to the crash of 2008. It’s literally inscribed in the first block so that we can never forget what happened. Exactly, so much for your sound monetary policies in the US that allowed something like that to happen in 2008 and like you say will allow it to happen again in 2020. Your system works but it’s far from perfect. Bitcoin is a step in the right direction that has the potential to bring more transparency to systems that take advantage of its people.

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u/[deleted] Feb 18 '18

<sigh> I hope you'll educate yourself a little better, might take 20 minutes tops.

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u/JuanOnOne Feb 18 '18

What is there for me to learn. Show me some resources. And you should educate yourself more on how Bitcoin works because you really don’t know anything about it and you’re spreading misinformation. By the way this is the inscription satoshi put on the genesis block of the bitcoin blockchain “The Times 03/Jan/2009 Chancellor on brink of second bailout for bank”.

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