You caught me, I’m an evil bot that has been programmed to evilly trick humans into doing things that will make them money. Over 99.999% of people who have bought bitcoin and held onto it are profitable. Ooooooo scary!!
You caught me, I’m an evil bot that has been programmed to evilly trick humans into doing things that will make them money. Over 99.999% of people who have bought bitcoin and held onto it are profitable. Ooooooo scary!!
Lots of people spend currencies that go up in value. Believe it or not, people sometimes want stuff now instead of the possibility of stuff later.
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It is steadily growing over time. There were people who ridiculed it and said nobody would ever want it, and it would never be worth a dollar.
It makes sense that you didn’t know what a Satoshi is. In fact, you may still not know what it is. There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.
Yeah, there have been lots of predictions for bitcoin and people trying to guess specific time periods. I don’t get into all that.
I just think it is badass to be able to hold value in something that nobody can counterfeit, I can instantly and privately transfer it. I can use it on amazon, Walmart, airbnb, Expedia, and a bunch of other places. I can carry it on my phone with me and protect it even from physical phone thieves. and on top of being totally awesome, it has steadily gone up in value as more and more people all over the world realize how cool it is. It is like an awesome game of spoons where we all end up winners because we all have a much more convenient form of money.
The people who use bitcoin think in Satoshi now. There are many wallets and exchanges that allow you to denominated in sotishis. mBTC is another common denomination that people use and think in.
It is true that bitcoin is starting out volatile, but it is still so early when you consider how long major currencies usually last. Things should settle down more and more as it becomes a larger and larger percentage of the economy. I bet gold probably started out pretty volatile, considering some people knew to value it and others didn’t.
Believe it or not, it can be and is used as both. If you have any other questions or things you think won’t work, just ask! A lot has happened in the last 5 years, and most issues people have with Bitcoin have been long ago solved. It is incredible how much different things are now, lots of old issues(like dealing with 0.0000015 issues) are no longer a problem.
People already think in Satoshis. It has been this way for many, many years.
The lightning network on bitcoin is where most people should be transacting with bitcoin. It won’t fill up with any number of users, transactions are instant(less than a second), and very cheap(even when bitcoin fees are high). Nearly everyone who talks confidently about how bitcoin can’t scale is unaware of lightning and other developments over the last 5 years.
There isn’t a government run currency on the planet that has come anywhere remotely close to performing as good as bitcoin in the last decade. Give me something that goes up in value over something that only “slowly” falls in value like the EU or USD.
İ live in the 2nd world and am often in the third. You must have either been in a pretty unique place, or you are projecting your experience from long ago onto the current state of things. You just need to revisit and update your world view to modern times.
Been using it for decades, never an issue for me. What in the world are you trying to download over there??
Climate change is a separate issue.
It would be fantastic if people being abused by corrupt politicians and currencies was niche! It’s not though, there are hundreds of millions of people struggling with it. Billions depending on how you count it. It is a disease of the 1st world to be unable to accept that not everyone has the same privileges they enjoy. Human beings are literally starving to death and dying decades early due to poverty, Bitcoin is literally keeping them alive. Spoiled brats want them to die because they saw a headline that tells them to parrot that Bitcoin is bad. Where is your outrage over Christmas lights? How about video games? These things don’t save lives and transform existences like safe money does.
Nearly everyone who has bought Bitcoin and held are up, it has outperformed every stock, every currency, every investment on large enough time scales. Give me a volatile currency that goes up in value over volatile currencies that utterly collapse. Where is the outrage over the lira? Or any other currency that is down to 5% of itself that people are “supposed” to hold according to you?
There is a very good reason that you don’t have answers to these. It is because all you know on the issue is that you are not supposed to look to deeply and you’re supposed to mindlessly repeat that Bitcoin is bad without having any idea why. You are allowed to research, you are allowed to make your own decisions, you are allowed to talk to people in the 2nd and 3ed worlds. You are allowed to travel to these places and talk to people. Nobody forces you to repeat their BS, you just have to decide that you want to learn and then put in some effort.
I just looked it up, it looks like it is the a difference of 35% to 80% in the developed world.
Imagine this, you are forced to hold your wealth in corrupt government run banks. They often print tons of it for themselves, criminals are printing it, the government can seize it from anyone they want. You can try to store it at home, yourself, or you can give it to the banks. Now there is a third option, store it as Bitcoin. No need for risking it under your bed or with the corrupt banker politicians, and on top of those be victims to their inflation. Sure, your bank probably doesn’t often seize your money, and your currency probably isn’t rapidly devaluing even compared to the dollar, but if it was then you would probably think the energy is worth it.
That’s why you stick with Bitcoin instead of running after whatever flashy new super duper coin that assholes trick fools into buying.
It takes living with a broken system to understand the fix for it. There are millions of people who have been saved by Bitcoin and the freedom that it brings, they are just mainly in the 2nd and 3rd worlds, so to many people they basically don’t exist.
Im not one of them, but incredibly it is probably about 5,000,000x more people than the ones that give a fuck what the average person on here thinks.
You don’t have to be delusional to self-sacrifice to try to make a difference. I’m so sick of people pretending like there is nothing they could possibly do to help, so they just keep hurting others. It’s just like every discussion on factory farms. At least try to help. It will make you feel better, and you can quit getting all defensive when people point out things that can be done.
I think there may be some confusion about how much energy it takes to respond to a single query or generate boilerplate code. I can run Llama 3 on my computer and it can do those things no problem. My computer would use about 6kWh if I ran it for 24 hours, a person in comparison takes about half of that. If my computer spends 4 hours answering queries and making code then it would take 1kWh, and that would be a whole lot of code and answers. The whole thing about powering a small town is a one-time process when the model is made, so to determine if that it worth it or not it needs to be distributed over everyone who ends up using the model that is produced. The math for that would be a bit trickier.
When compared to the amount of energy it would take to produce a group of people that can do question answering and code writing, I’m very certain that the ai model method is considerably less. Hopefully, we don’t start making our decision about which one to produce based on energy efficiency. We may, though, if the people that choose the fate of the masses sees us like livestock, then we may end up having our numbers reduced in the name of efficiency. When cars were invented, horses didn’t end up all living in paradise. There were just a whole lot less of them around.
It is hilarious that this was removed. Anyone can see what i wrote by replying to the comment. Please mods, explain what rule i broke.