Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
×

Comment I read these posts and it's sad. (Score 1) 146

Bitcoin is the intersection of Money, The Internet and Decentralization.

The people who will proifit if BTC goes up are believers dreamers and technologists.

BTC is inherently deflationary and though any currency can be used for nefarious purposes evidence suggests this is a tiny percentage of what BTC is used for. It also removes the ethical problems of investing in companies like Apple or Tesla.

BTC does use a lot of energy to keep it secure, this isn't a problem with BTC but a problem with the enormous power of centralized institutions which is something Crypto is working against. Most of that energy is being sourced from renewables and nuclear think of that money as the vault, the problem isn't the branch it's the criminals

Crypto is being deployed to nations with unstable currencies where it is being gladly accepted as a saviour, if this is the trend other crypto will replace money in more and more countries. You've probably been told that if you don't buy crypto wall street and government will and the informed early adopter will be relegated to being a wage slaves, this is accurate.

You may think that BTC has no dividends but several times currencies have been split off that use BTC ledger.

BTC has intrinsic value as a brand and replacement for centralized banking. Consider what you WOULD pay for a BTC then extrapolate into the future.

If you don't want to buy BTC fine, you are probably not a visionary or a freedom advocate and we'd be weaker to have your hands on the levers.BTC wealth is for innovation and freedom and it's going to be a tough road.

Comment Crypto is amazingly affordable right now (Score 1) 146

I think it will drop another 10-15% the crypto market seems to go in 4 week cycles (2 weeks down 2 weeks up).

ADA, ETH, and BTC are the safest if you're looking to get your feet wet.

Crypto is putting money in the pockets of technologists and dreamers, soon it will be putting money in the pocket of speculators. If you want to start a company some day buy some.

Comment Amazon deserves this (Score 4, Interesting) 57

First Amazon doesn't charge low prices as they could by being a direct sales merchant, they instead recruit a bunch of sellers with a 3000% markup. Amazon says it cares about it's customers (though obviously not their pocketbooks) but it doesn't seem to care to much about rank and file employees.

Second Amazon is automating the workers life while they're at work. IF they can't do anything but follow orders it follows that they'd try to create some rules for themselves AND Amazon. Fair is fair.

I wish them the best of luck creating these unions and I hope they teach the UBER and Facebook people a thing or two.

Comment Re:All pumped up. (Score 1) 217

Bitcoin sort of gives dividends though BTC enthusiasts don't talk about them much since they are the curse of crypto as well as the blessing.

Bitcoin forked into something called Bitcoin Cash, which had superior technology. It's basically another blockchain but all the holders of Bitcoin could use their passwords to make transfers on it.

I think the original idea of bitcoin was that all future crypto currencies would be forks of bitcoin which denominated based on bitcoin holdings, so if you held .001% of bitcoin then you would hold .001% of Ethereum.

If that was the case the situation would be very different.

I think the idea lost steam because of the security problems. If people gave their keys out to random new cryptos then they would need to move their original cryptos(so the new currency wouldn't get their original key) in an exponentially wasteful endeavour.

Comment Re: BTC I can't understand money... (Score 1) 217

Bitcoin has pretty good penetration.

Where I am in Canada about 4/5ths of people know about Bitcoin and have heard about it's price.

They would probably accept Bitcoin the way they would accept USD at a much lower value.

Because bitcoin can be directly transferred and held (decentralized infrastructure notwithstanding) it has value as freedom money, it's much more difficult for anyone to seize, freeze, or sanction than most other digital currencies..

Also,the argument that it can be copied while important also carries over to fiat.

BTC Prediction Dec. 2021 = $300,000

Comment Re:He's refreshingly clear-eyed on this (Score 1) 217

This might be true about inflationary currencies but I don't see why it should follow for deflationary currencies.

This seems like an argument from the overly cautious, who treat all sayings as parable.

Bitcoin is owned primarily by individuals rather than governments or corporations which makes it different than other currencies.

Bitcoin might not have intrinsic value due to an underlying asset but it does have intrinsic value through reflecting the need for economic change.

Comment Re:He's refreshingly clear-eyed on this (Score 1) 217

Actually both things you've said are incorrect. First, Warren Buffet has been saying that since he's swinging around 130Billion or so there are only 8-9 industries where he can invest without massively moving the market (high volume).

While it's true he believes in investing in things he understands, Buffet (and Munger) say don't diversify so Bitcoin would be ideal.

I think what Buffet is really saying about Bitcoin is that 1. it has no underlying value, 2. Short term gains by investment firms should be ignored due to the high risk they're taking. and 3. If we're ever to have a financial revolution people need to buy Bitcoin for themselves. Buffet makes about 20-30% a year, he's quite consistent however. This won't change lives and most westerner's live in debt, they don't have the savings to gain financial freedom through investing.

Currently I recommend Norwegian Air Shuttle (best/hardest hit airline) for people I respect as much as the Slashdot community. And my bitcoin prediction is $300,000 by Dec. 2021.

Slashdot Top Deals

There are two ways to write error-free programs; only the third one works.

Working...