I definitely didn’t have “get insulted & cussed-out by Sia on Twitter” on my agenda for today. :D
mikew7458
mike7458
This is for anyone that is angrier about not being able to play a video game for 2 hours than they are about what is and has been going on in this country. That’s 2 hours they could use to stop and reflect and ask themselves that very question.
eeeeh...I feel like we’ve done this dance so many times that it’s near automatic.
“ooooh, this might be time when Nintendo is in trou—oh, nah they’re fine.”
NIntendo has spent the better part of the decade finding itself as the “second console” for most gamers. I don’t think it’s unreasonable to assume that most people…
Must have stolen a sweetroll to get a sentence like that.
I can see the ad now. “BMW, for a safe landing when you drop into microsleep.”
“Bitcoins are better than currency. All you have to do is convert it to currency (that I’m scared will become worthless at some point) and you’re good to go.”
And just like the gold standard, Bitcoins are a terrible fucking idea doomed to failure. If being hard money was it’s worst sin, it’s not (Bitcoin wasting vast amounts of energy is way worse), that would be enough to make it a dumb idea prone to massive deflation and utterly unsuited to functioning as a standard…
Of course, because people put irrational value on things they possess. This is a well documented phenomenon, and the reason you think your bronzed baby shoes are priceless.
I also like the implication that JUST the dollar would collapse, and not bitcoin and every other currency in the world with it. If the dollar collapses, what the hell are you going to convert all those sweet sweet bitcoins into?
Re: plummet of a government-backed currency:
Having a finite maximum number of Bitcoin does nothing for Bitcoin. There’s nothing wrong with an inflationary currency, you want people to spend, not hoard.
“The government prints $560 million a day....the dollar is guaranteed to collapse.”
Haha, no. It’s guaranteed to depreciate, by about 3% every year, that’s called inflation. The dollar is maintained by the interest rate our government imposes on it. A bitcoin is not maintained by any entity, it could be $20k or $0.002…
If I had 10,000 Beanie Babies in a rubbermaid tub, I could sell them right now on eBay or Craigslist or a flea market for ~$100 in USD, extract my cash and dump it into a checking account and literally have $100. It’s not like my money is trapped in Beanie Babies or even in plush collectables.
I think this is an interesting case in what exactly defines a fiat currency. Is it only a government that can back one, or can an institution back one as well if that institution has enough trust with a large enough group of people? In this case, that institution would be the people of the internet.
-While your explanation about money having value is correct, your argument for why bitcoin has “no value” isn’t. Just as an example, if someone steals my wallet, but I don’t know who...what happens? No one is giving me my cash back from that wallet. Bitcoin is similar here: if you can track who stole bitcoins, they…
But what are they backed by?
To me it is just as real as the paper money or digital money I use in my bank account as I hate physical cash...
*Grabs popcorn to watch owners implode*