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Merged Bitcoin - Part 3

Roger Ramjets said:
That was me. You see, I (and others like me) didn't buy into them.

Ponzi schemes need a steady supply of new 'investors' or they collapse. The real purpose of NFTs wasn't to be a new way to buy and sell artworks, it was a way to boost Bitcoin usage. Once that was achieved it didn't matter if the NFT market collapsed. Too bad for all the artists who were tricked into using Bitcoin for a scheme that actually allowed people to steal their art!
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You are making this up. *

* Correction: you are repeating something that others have made up years ago.
 
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TurkeysGhost said:
How do you know I haven't? Lord knows enough pump and dumps and rugpulls and other scams have happened so far, maybe I was one of them and am posting from my private island.
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Could be.
Scammers seem to be the only people that make any money out of it all.

 
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Roger Ramjets said:
That was me. You see, I (and others like me) didn't buy into them.

Ponzi schemes need a steady supply of new 'investors' or they collapse. The real purpose of NFTs wasn't to be a new way to buy and sell artworks, it was a way to boost Bitcoin usage. Once that was achieved it didn't matter if the NFT market collapsed. Too bad for all the artists who were tricked into using Bitcoin for a scheme that actually allowed people to steal their art!
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Ethereum usage specifically and the whole crypto currency market generally.

I think NFTs were probably created in good faith, but scammers realised that the aura of crypto currency meant that the art they were attached to didn't have to be any good. Any old **** cartoon monkey would do and people would buy them.
 
psionl0 said:
So you are the one who crashed NFTs.
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Hard to point the finger at any one scheme considering just how many pump and dumps, rugpulls, and other scams have been run on the crypto market. More death by a thousand cuts than any one cause.
 
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jeremyp said:
Ethereum usage specifically and the whole crypto currency market generally.

I think NFTs were probably created in good faith, but scammers...
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Faith for sure, but is propping up Bitcoin such a good idea? I think not.

In the end, all crypto is about propping up Bitcoin. Ethereum and NFTs were created to keep that ball rolling. Without a healthy Bitcoin the whole lot evaporates into the aether.

Bitcoin is a faith worse than any religion. It's based on the principles of greed and selfishness with a total ignorance of how money works, and inherently causes real-world damage far worse than any imaginary deity. Its morality is bankrupt and it doesn't have anything else to offer.
 
Roger Ramjets said:
Faith for sure, but is propping up Bitcoin such a good idea? I think not.

In the end, all crypto is about propping up Bitcoin. Ethereum and NFTs were created to keep that ball rolling.
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I don't agree. I think Ethereum and NFTs were created to get on the crypto currency bandwagon. The most money is to be made at the launch of a crypto product, especially if you pump it simultaneously and then dump soon after launch.

Without a healthy Bitcoin the whole lot evaporates into the aether.

Bitcoin is a faith worse than any religion. It's based on the principles of greed and selfishness with a total ignorance of how money works, and inherently causes real-world damage far worse than any imaginary deity. Its morality is bankrupt and it doesn't have anything else to offer.
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Is Bitcoin worse than religion? Well, I think it's got a long way to go to rival religion's body count. On the other hand, it uses vast amounts of energy for no good reason at all and it is deflationary and it helps scammers and fraudsters.
 
jeremyp said:
Is Bitcoin worse than religion?
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Yes. Bitcoin doesn't even pretend to have any positive morals.

Well, I think it's got a long way to go to rival religion's body count.
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Religion's body count isn't that high. The World's deadliest wars were not overtly religious. WWII was the worst at 80 million. The Crusades only managed 1-2 million, and it's debatable how much of that was religious. The deadliest of all would the Mongol wars - when you factor in the 200 million who died from the Black Death they brought with them.

We won't know the final body count until Bitcoin eventually self-destructs, but I wouldn't be surprised if it was several million. Just the global warming and pollution alone might do it.
 
What's the board record for the most posts made after you've declared a flounce from the discussion?
 
JoeMorgue said:
What's the board record for the most posts made after you've declared a flounce from the discussion?
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I'm not bumping this thread. But there are so many haters in this thread that the ball I started rolling has turned into an avalanche. And not an iota of fact among any of them.
 
Made up money that doesn't exist can't have "haters."

Like all cults people aren't defending bitcoin, they are defending the honor of it like it's a conscious, sentient thing that can get offended.

Bitcoin isn't sitting in the corner crying because we're saying mean things about it, get a grip, go outside, touch grass.
 
I wonder if the people buying drugs on Silk Road back in 2012 had any inkling that this was the closest Bitcoin would ever have to having a useful, enduring, and coherent purpose.
 
Here's my question, one I will NOT get an answer to.

What is Bitcoin... like waiting on? I mean nobody will actually tell me what it's actually for and they answer changes every 3 seconds but if it's going to be the next big currency or topple the evil Jews controlling banking or make everyone rich or whatever it's gonna do... why isn't already doing it?

Like right now Bitcoin is useless unless you're a toxic finance bro and it's useless for them too.

So again I ask... what are we waiting on?
 
JoeMorgue said:
Made up money that doesn't exist can't have "haters."
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Either you believe your own BS or you are trolling.

Ideas can definitely have haters. And all money is "made up". Representing it with tokens or entries in bank ledgers doesn't make it any more "real".

JoeMorgue said:
Here's my question, one I will NOT get an answer to.
< - CT snipped ->
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How do you answer posts in the CT section?
 
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psionl0 said:
I'm not bumping this thread. But there are so many haters in this thread that the ball I started rolling has turned into an avalanche. And not an iota of fact among any of them.
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I am definitely a hater. No iota of fact in mine?
 
psionl0 said:
The way you flip backwards and forwards is confusing.

Make up your mind. Are you discussing cryptos or NFTs?
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Why is owning one token on the Etherium ledger worthless because it is an NFT and another valuable because it is an etherium coin?

Seems like a distinction without a difference.
 
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