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Merged Bitcoin - Part 3

psionl0 said:
Keep claiming that bitcoin has no substance and will fail "soon". Just because these claims have been made continuously for the last 15 years and failed doesn't mean that you won't be correct - one of these centuries.
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What are your criteria for a successful crypto currency?

As you say, it's been 15 years since BTC was launched. How many fiat currencies has it displaced? Which major retailers are accepting it for payment and how much trade are they doing in it?

Fifteen years and it is no more than a footnote.
 
well it’s only a currency when it’s convenient to an argument. it becomes an investment when it’s not. then back to currency when its flaws as an investment are pointed out.

slippery ◊◊◊◊
 
dirtywick said:
well it’s only a currency when it’s convenient to an argument. it becomes an investment when it’s not. then back to currency when its flaws as an investment are pointed out.

slippery ◊◊◊◊
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How well has it taken off as an investment speculation vehicle? I'd say not very. Most speculators do not seem to be touching it with a barge pole.

Fifteen years: surely a successful investment vehicle would be more prominent by now.
 
jeremyp said:
How well has it taken off as an investment speculation vehicle? I'd say not very. Most speculators do not seem to be touching it with a barge pole.

Fifteen years: surely a successful investment vehicle would be more prominent by now.
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it seems to me there’s a pretty good effort by a bunch of con men to onboard traditional finance.

it’s not like anyone is going to use it as a currency. it’s treated more like magic beans that are going to make us all rich.
 
dirtywick said:
you can refer to the many articles and videos contained within them that you've never addressed as to why i feel the way i do.
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Sure I have. Whenever you have posted a link to somebody on the internet who echos your POV I have read them. It's just that there is little comment worthy about these articles. They parrot the same fallacious lines of reasoning that you do - which is the same fallacious lines of reasoning that have been posted ad-nauseum on this forum for 15 years.
 
jeremyp said:
What are your criteria for a successful crypto currency?
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One that defies all of the "experts" who constantly say that it is just a fad and will disappear overnight.

BTW How do you define a "currency"?

jeremyp said:
How well has it taken off as an investment speculation vehicle? I'd say not very. Most speculators do not seem to be touching it with a barge pole.

Fifteen years: surely a successful investment vehicle would be more prominent by now.
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Trading volumes at bitcoin exchanges are irrelevant. Bitcoin is just a digital asset and as long as its price continues its upward trend, those who are too frightened to include it in their investment portfolio are missing out.
 
psionl0 said:
Sure I have. Whenever you have posted a link to somebody on the internet who echos your POV I have read them. It's just that there is little comment worthy about these articles. They parrot the same fallacious lines of reasoning that you do - which is the same fallacious lines of reasoning that have been posted ad-nauseum on this forum for 15 years.
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i didn't say you didn't read them, i said you didn't address them and the rest of your post is just you justifying why you don't need to.

so what is there to even say to that. as usual it speaks for itself.
 
psionl0 said:
Why should I re-address nonsense I have already rebutted when you sprouted it?
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you're all over the place here.

you getting angry and insisting you won the debate isn't interesting. if you had something more interesting to say i'm sure you would. until then i'm just responding to nothing.
 
dirtywick said:
you're all over the place here.

you getting angry and insisting you won the debate isn't interesting. if you had something more interesting to say i'm sure you would. until then i'm just responding to nothing.
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That makes about as much sense as anything you have to say about bitcoin.
 

Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮ - Tether.io

The introduction of USA₮ and appointment of Bo Hines marks Tether’s next chapter in strengthening U.S. dollar dominance through transparency and innovation 12 September 2025 – Tether, the largest company in the digital asset ecosystem, today unveiled USA₮, its planned U.S.-regulated...
tether.io tether.io

tether introduces usat, their stable coin for use in the us that will comply with us regulations.

huh, wonder why they’re not selling tether…???
 
psionl0 said:
What anybody does with any asset depends on the future returns/value the holder expects: sell it, hold on to it (or even buy more) or use it as collateral against a loan.
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well that’s exactly the problem.

strategy takes debt with bitcoin as collateral and uses that to buy and hold more bitcoin. they sell shares on the market and promise to pay out a dividend because it’ll be worth more tomorrow than today. that’s the whole business model. as soon as the growth slows and you run out of new buyers, or the price drops too low, well what have you done with the bitcoin besides park it in a wallet doing nothing? hopefully something because otherwise…
 
dirtywick said:
well that’s exactly the problem.

strategy takes debt with bitcoin as collateral and uses that to buy and hold more bitcoin. they sell shares on the market and promise to pay out a dividend because it’ll be worth more tomorrow than today. that’s the whole business model. as soon as the growth slows and you run out of new buyers, or the price drops too low, well what have you done with the bitcoin besides park it in a wallet doing nothing? hopefully something because otherwise…
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This is just vague (and made up) nonsense. How many banks are going to accept bitcoin as collateral against a loan to buy more bitcoins?
 
psionl0 said:
This is just vague (and made up) nonsense. How many banks are going to accept bitcoin as collateral against a loan to buy more bitcoins?
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Why Companies Like Strategy Are Issuing Convertible Debt to Buy Bitcoin - REX Shares

In recent years, companies like Strategy have pioneered an unconventional approach to corporate finance: issuing convertible debt to acquire Bitcoin on their balance sheet. This strategy has sparked both intrigue and debate. But why are companies choosing this path, and what makes convertible...
www.rexshares.com www.rexshares.com
 
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