Reality Check on Crypto - page 4. | Bitcointalksearch.org

Gyfts

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Quote from: jaysabi on October 16, 2021, 10:48:30 PM

Loool. You don't even recognize one of the most influential people in crypto in this picture in our haste to dismiss the wholly legitimate arguments he's presenting. He's right about it too. The vast majority of crypto "adopters" that have pushed the price so high don't actually care about decentralization. Rude truth is that the majority of crypto enthusiasts are just FOMOing in trying to get rich. And it's funny that people bitch about the USD losing 2% per year somehow thing a currency they can't predict the value of tomorrow is somehow better.

It's more than 2 percent per year, it's 5 percent for USD, 2 percent would be a dream for most folks. 2 percent is the value that the fed aims for, under ideal conditions. And as I'm sure you know, the endless spending the US government is so familiar with does not help the inflation problem.

jaysabi

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Quote from: LoyceV on October 16, 2021, 12:47:59 PM

Quote from: MNbag on October 16, 2021, 12:13:59 PM

This is really a strong message! Look at the nocoiner standing there, proudly presenting his (her?) findings. I would believe all of it, except for the fact that this guy (girl?) feels the need to create a presentation about it!
If crypto is worth so much attention from all those people who say it can't work, I can only conclude I'm on the right track.

I guess many people still really believe the "modern financial system" works in their favour. Bankers love that flawed idea!

Loool. You don't even recognize one of the most influential people in crypto in this picture in your haste to dismiss the wholly legitimate arguments he's presenting. He's right about it too. The vast majority of crypto "adopters" that have pushed the price so high don't actually care about decentralization. Rude truth is that the majority of crypto enthusiasts are just FOMOing in trying to get rich. And it's funny that people bitch about the USD losing 2% per year somehow thing a currency they can't predict the value of tomorrow is somehow better.

_Miracle

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Do due diligence

Quote from: odolvlobo on October 16, 2021, 06:54:59 PM

Quote from: LoyceV on October 16, 2021, 12:47:59 PM

This is really a strong message! Look at the nocoiner standing there, ...

Umm. Is that sarcasm? That's Vitalik, and he's hardly a "no-coiner".

On the other hand, I disagree with his conclusion based on what most users think. I think it overlooks the effects of adoption.

That's what I thought Grin

I'm looking forward to using it as money again but I don't know how long that's going to be or if it will be.

Gyfts

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Most users are decently served by the modern financial system currently, doesn't mean that will serve true in the future. It doesn't make much sense to me to use a currency that loses 2-5 percent of it's value every year, nor does it make sense to use a currency that can be closely monitored by the government and restricted on a whim. That's a lot of trust you're willing to give, and while you may trust your government today, it won't always be the case.

Go back to when Lebanon completely restricted access to bank accounts - https://www.reuters.com/world/middle-east/lebanon-bank-customers-regain-access-up-800-month-2021-06-04/

This absolutely can happen to a major country if you look at the trajectory of their economies and their currencies.

odolvlobo

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Quote from: LoyceV on October 16, 2021, 12:47:59 PM

This is really a strong message! Look at the nocoiner standing there, ...

Umm. Is that sarcasm? That's Vitalik, and he's hardly a "no-coiner".

On the other hand, I disagree with his conclusion based on what most users think. I think it overlooks the effects of adoption.

LoyceV

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Quote from: MNbag on October 16, 2021, 12:13:59 PM

This is really a strong message! Look at the nocoiner standing there, proudly presenting his (her?) findings. I would believe all of it, except for the fact that this guy (girl?) feels the need to create a presentation about it!
If crypto is worth so much attention from all those people who say it can't work, I can only conclude I'm on the right track.

I guess many people still really believe the "modern financial system" works in their favour. Bankers love that flawed idea!

nakamura12

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Then what are you trying to tell or explain in this thread?. You got some point their not all you said is what it seems. You may think like that but there is more to be seen in the naked eye. What about the business man who run their own platform like casinos and sportsbook. Some of the lurkers didn't stay like that for long and I even read some thread where this person is a lurker and later on decided to create his/her account on bitcointalk for further learning and understanding.

MNbag

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Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.

Some people think that every potential user/investor will care about its decentralized features or its high value.

Well, it is not the case.

The people who go to BitcoinTalk are not the average investor: they are interested enough in crypto to make an account here.

It is not the posters you talk to, but the invisible lurkers who may be reading this very post.

Topic: Reality Check on Crypto - page 4. (Read 582 times)