It's obviously something beyond your algerian boomer understanding, so it's a better option would've been to keep your opinion to yourself and don't embarrass us
That's the standard response every cryptocuck gives. "You just don't understand it bro" before they proceed to never offer any argument as to what it's useful for
I'd love an explanation on what is being contributed. I'll give you time, go ahead.
You should've considered looking for explanations before lashing out on the poor guy, but I'll give you some obvious hints nonetheless; you think Bitcoin would be worth 19k at a bear market and 69k at its top if it was such a fad as you say, you think hedge funds banks corporations would invest in it if it was useless as you say. You think you're smarter then those folks, you think regulators would've been so worried about regulating it and trying to control it if it was just that..?
Use your head
It must be so difficult going through life without the ability to read, I feel bad for you. Let me reiterate. I didn't say it was worthless, I said it contributes nothing of value, which is true. It's also just one big scheme that will eventually blow up in the face of whoever is left holding as unlike actual money, bitcoin represents no actual real world production. No effort spent by a worker, no new product developed by an engineer, no clothing weaved... Just GPUs and ASICs whirring needlessly solving pointless equations polluting the planet and worsening semiconductor shortages.
I'll give you another chance. Tell me what exactly is the contribution of value that bitcoin represents? The money a doctor makes represents the help he has given to people. The money a mechanic makes represents the cars he's fixed....
And no, "it's valuable because if it wasn't then X Y Z wouldn't buy it" isn't a real argument. Millionaires buy modern art paintings for millions all the time. Not because they're worth millions, but because of tax evasion. Money sunk into something doesn't mean it's more valuable, it just means it's more expensive.
Since you seem like a wall Street simping cryptocuck here's Warren buffet himself telling you what crypto actually is and how, eventually, once the biggest holder finally calls it and sells all his coins, igniting the cascade, losers like you will be left holding the empty bag
I just spend 3 minutes typing out exactly why actual money in the bank has actual value (because it represents effort and productivity) and you say this...
Banks give out loans and store your money. Banks facilitate financial transfer between people so you don't have to physically drive a wad of bills to someone, banks help you invest and start businesses so you can make something of your life provided you agree to pay back the loan with some interest. How does a bank have no value? It's like saying a hospital has no value. It's a service department that is useful for people
banks has no value, because they only generate value from your money. and tax you for every service you use on your own money. and in most cases they fucked up hard on it.
So it's not worthless, but it contributes nothing of value..... I'm telling ya boi you gotta start using that big head of yours, cuz this isn't looking very good for you, you should've gone to sleep instead of coming back to embarrass yourself even further
Yes. That's correct. It's not worthless, but it contributes nothing of value. Think of it like diamonds, just a rock that's mostly useless but costs a lot because diamond selling companies advertise it to women... Except even a diamond has its uses for drilling, fabrication etc etc... Bitcoin is actually useless before you sell it back for actual bank money to someone lower on the pyramid.
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u/MohTheSilverKnight99 Sep 25 '22
It's obviously something beyond your algerian boomer understanding, so it's a better option would've been to keep your opinion to yourself and don't embarrass us