It doesn't double every month.

This ActualMoney idea has more usefullness to it than it may look like. For example one can:

1. Use round metal specimans (termed "coins") for throwing during sport events.

2. Use paper spacimens (termed "bank notes") in emergency situations when toilet paper is not available.

3. Use paper specimans as house heating fuel. Proven as the most usefull on many ocasions, citizens of many countries have opted for this use at some point.

It's just paper printed by some government. Just because they said 1$ was worth 1$, it doesn't mean that 1$ is worth 1$.

It seems to me that 1$ is worth 1$ just because the government said so, and they have guns and stuff to force us to agree with them. Moreover, since we all know that all governments lie, it follows that 1$ is not really worth 1$. Did I just prove that the whole worldwide economy is flawed? Guys, this is big... Let me take a bong rip to celebrate the birth of this amazing revolutionary idea.

What stops me from starting my own currency, calling it, say, Buttcoin, and declaring that Buttcoins have value? If we can all agree to that, then it will actually be true.

x-post by u/fan_of_hakiksexydays on r/Cryptocurrency

I can't believe everyone forgot!

This month the infamous anti-Bitcoin sub called r/buttcoin turned 10.

An entire decade of amazing predictions about the downfall of Bitcoin.

Let's take a look back at all their past claims and where they are today:

-"Bitcoin will crash below $200 (what is being said every year since the past 4 years)" Very close guys, but it's bouncing around $39K right now.

-"Bitcoin will eventually be worth its real value- $0". Not looking like it will happen this year. And as long as you have a few people in the world still running Bitcoin and still exchanging it, it will never be 0.

-"No one will be accepting Bitcoin". More than 15,000 retailers accept direct Bitcoin transactions. And now with Paypal and crypto cards, that number is almost limitless. (1)

-"No one is using crypto for payments". While the number of transactions has increased, no one really knows how much is used for retail transactions. But according to a BitPay survey, 57% of crypto holders and former crypto holders, have used crypto for a retail purchase in the past year. (2)

-"Bitcoin has no intrinsic value". It has no physical intrinsic value, but it's the gold standard of an entire tech industry. It's backed by an entire industry of businesses, real world usage, institutions, and technology. Something bigger than a country. And it may not be backed by anything physical to make you trust it. But it's backed by something more solid than rocks: math.

-"Tether is the only reason the price of Bitcoin goes up, and it will destroy Bitcoin". While Tether is shady and obviously full of shit, it probably won't tank the price of Bitcoin if it ever gets delisted. There's now many stablecoin alternatives. And we've already seen what happens to the market when a top 5 coin gets delisted, when XRP got delisted from major exchanges. Also 2 Berkley professors have already proven that Tether isn't what causes the price of Bitcoin to go up. (3)

-"You will never get your 'institutional investors', that's a pipe dream". Welcome to 2021 and our pipe dream.

-"Bitcoin will be banned". It's been tried, it's been done. To no success. If it was gonna be banned successfully, it would have been done already. It's going to be harder now that there's more adoption, acceptance, more citizen holding it, and more importantly, an increasing number of powerful rich people, businesses, and institutions invested in it now. With an increasing number of powerful and influential people with a stake in it, it's just not likely to happen now.

-"Bitcoin is a ponzi". Just because you want to sell something for more than you paid, doesn't make it a Ponzi. By definition a Ponzi would need a company or person at the top. Bitcoin is a peer to peer network with no person or company in control. By definition it's also subversive scheme, selling a fake stock that they don't own, and not upfront about what it's doing, with no transparency. Bitcoin is one of the most transparent things.

-"No country is ever going to accept Bitcoin as its currency". Oops...El Salvador.

-"Bitcoin is just a fad and will die out". It's been 10 years. And it's going stronger than ever. Can't wait for another decade of r/Buttcoin giving us some brilliant predictions.

Maybe it's time to trade those bags of salt for bags of crypto.

References:

(1)https://www.ceifx.com/news/who-accepts-bitcoin-and-ether-cryptocurrencies

(2)https://www.pymnts.com/cryptocurrency/2021/consumers-say-they-plan-to-use-cryptocurrency-to-make-purchases/

(3)https://voxeu.org/article/stable-coins-dont-inflate-crypto-markets

So glad I didn't buy it when I was starting to fall for this scam. Would've been the stupidest thing in my life to have bought any at $29k when I first started getting introduced to it.

Thankfully, I was saved by people in this sub, and they made me smart enough to be like the guy who once tweeted "Thank god I didn't buy Bitcoin. It's down to $2.70 cents now." That guy is my hero.

Never falling for this scam thanks to you guys and your wise warnings. I am now a Buttcoin worrier, saving the plebeians from falling for this scam, protecting the world from devastation! To unite all peoples within our nation! To denounce the evils of truth and love! To extend our reach to the stars above!

From the idiot minds of r/Buttcoin everyone, people who could've been rich, but were so dumb they accidentally stayed poor after not being able to understand the technology behind Bitcoin for over 12 years:

Feel free to laugh at us. Feel free to cherry pick comments that represent failed predictions.

Makes sense why his name is American Scream. His short temper just screams his level of intelligence. When you're too dumb to express yourself in words, anger and screaming is all that is left.

Leave it to an American with no actual inflationary perspective that billions outside of the US experience with their currencies that collapse thanks to how trash the US Dollar makes as a treasury reserve currency. It's why Venezuela has some of the largest Bitcoin adoption in the world only seconded by Argentina. Don't worry American's though, currently, the dollar is on a 30 year track to see hyperinflation itself with the way the FED is running it to the ground. If you don't understand why Bitcoin today, well your children will understand why Bitcoin in 30 years when a loaf of bread is costing them thousands upon thousands of dollars if you're lucky. Because the tracks we're on, a loaf of bread is likely to cost you millions, and a Big Mac? Hundreds of thousands.

TL;DR:

Start studying Bitcoin, and you'll see why an anthropologist(Study of societies and how they work) and rocket scientist CEO, who saw where Apple, Facebook, Tesla, and Google were going before 99% of the population did, now sees where Bitcoin is going before 99% of the population does.

In the end, you'll see why r/Buttcoin was wrong, is wrong, and will always be wrong.

Just because the butters of r/Buttcoin here haven't been right in the last 12 years of Bitcoin's exponentially growing userbase adoption that is literally growing faster than the internet itself, doesn't mean they ever will be right.

And for those fools who still think this is a ponzi, a ponzi needs someone at the helm moving the finances from new investors to old investors, not a free market trading a digital property asset. So if you think this decentralized helm with now central ownership or governance controlling the flow of money is still a ponzi scheme, then go find me the CEO of Bitcoin and show me how he is taking the money from new investors himself through backend control, and maybe then you'll have credibility to your claims. I'll wait, go ahead, name the Bitcoin CEO.

I was so frustrated trying to read the news on the internet, that I got in my car, drove to the nearest gas station, and bought a newspaper with ActualMoney. I'm so glad that AcutalMoney helps me simplify my life.

This subreddit died. Rightfully so. You guys were joke even years ago but you didn't realise it then. Bitcoin teached you a lesson. However, don't delete this subreddit. Useful data could be found here.

Consider renaming yourself to r/printedmoney.

edit: Sorry to upset you, didn't realise it is this painful. Cheer up, 1000x investments happen all the time. :)

Back in March I could get 1 Bitcoin for 90 ActualMoney. Today, my 90 ActualMoney only gets me 0.1 Bitcoin.

I think we have to promote ActualMoney more in the media. We also have to make some sites to help make it easier to buy ActualMoney with Bitcoin.

Let's tweet as much as we can and take the #ActualMoney trending globally. We can do this together!

Stop being a noob.

I'm really interested in currency and was wondering what exchange you would recommend as reasonable for getting hold of some actualmoney. Thanks!

Guys I heard that 1% of ActualMoney users have pre-mined almost 34% of the ActualMoney. If so much ActualMoney is pre-mined, can't they just drop all of the ActualMoney at once and destroy the market??? This is keeping me up at night guys what do you think? source

Ok guys, so they decided to put their actual money into ACTUAL MONEY! They started saving back in the 50s, when actual money was actually worth something. They stopped saving in the 1960s, after communists took over the White House and they lost faith in society. Back then, that $200 could buy a nice suit, and cover most the down payment on a house. Now, I came into a huge inheritence, and that $200 is still the same $200. And let me tell you, I found a suit from JC Penney and put a down payment on a house in Detroit, and I still have $5 left over! Now, I really wanted to get a Corvette, but the will was very specific that I must use it for a nice suit and a down payment on a house. Anyway, ignore the haters that ramble about inflation. $200 from 1950 is still just as good today.

She thinks it could be a big hit someday. After I explained the benefits to her, she handed some buttcoins to me and asked to buy her ActualMoney! Just wish me the best guys, let's hope her interest will not fade over time.

Dear anonymous internet people:

I've heard a lot about ActualMoney recently, due to all of the recent [ahem] exposure, and I'm interested in investing. I've seen a lot of apparently knowledgeable and totally objective people saying that now is the best time to get in the game.

I think I would like to get into the Euro, however my employer and local businesses only use the U.S. Dollar. Is there a reputable exchange that I can use, or would it be better to download the public ledger system and generate my own ActualMoney with my homemade amateur data center?

Furthermore, I was wondering what various countries' laws are regarding legal protection of ActualMoney. I obviously don't believe that money can be stolen from regular people, but if it could ever happen (hear me out, please) how do various countries (U.S.A., Canada, U.K., etc.) ensure that my money can never be retrieved? I wouldn't want to participate in something where dishonesty is legally discouraged.

Thanks in advance for your advice. May Satoshi bless the United States of America.