The fact that you can't respond to OPs points speaks volumes. It is fine if you don't like the conclusion, but you won't convince anyone of anything if you are unable to form rebuttals to their points.
- Posts
- 0
- Comments
- 231
- Joined
- 2 yr. ago
- Posts
- 0
- Comments
- 231
- Joined
- 2 yr. ago
Would you rush in to suicide yourself if you knew that it wouldn't help anything?
It is outrageous that you are getting downvoted for such a well put together set of comments. Thankyou very much for taking the time. I'm embarrassed for the people who downvote because they know you're right and they dislike the conclusion.
Yes, if everyone can produce as much of it as they want, then it would lose value. However, someone doesn't need to back something for it to have value. The most common currency in all of history was seashells. Nobody backed the seashells. Gold has had value for a long time and still does. Nobody backs gold. The reason these things had/have value is for a number of reasons, but possibly the most important reason is what you said, that nobody can just produce as much of if as they want. This is also a fundamental reason why Bitcoin has been steadily increasing in value, nobody can produce as much of it as they want. This is a major flaw that is inherent in fiat currencies(usd, euro, lira..), they can be produced as much as somebody(governments, counterfeiters) wants.
This is very simplistic, there are other reasons that various things are good ways to hold value. Divisibility and transportability are two big ones, both which Bitcoin excels at.
Bitcoin Brought Electricity to Countries in the Global South
Cryptocurrency Adoption in Developing Countries
Bitcoin Spurs Major Renewable Projects From Ocean Thermal To Hydro
BTPI will research relationship between Bitcoin and financial freedom
A great way to really understand just how much Bitcoin and maybe some stablecoins are impacting the lives of people in poorer nations is to just go and talk to people. Spend a few weeks in Tbilisi or similar places and just walk around and talk to average people. Bitcoin is so popular amongst the average people there that many random little shops are even selling socks or Tshirts with the Bitcoin icon on them. So many lives have been saved, and the people there genuinely love Bitcoin.
There is a huge difference between crypto and Bitcoin. There are many shitcoins that try to pretend to be the next Bitcoin or whatever, but literally 99.9% of them are absolute garbage. Luckily, they are drying up and blowing away. For people who this stuff really matters for, they are able and willing to look deep enough to see the benefits of Bitcoin and are much less likely to fall into the BS traps of CyberCoin or whatever.
It is often the uneducated outsider that hasn't lived the horrendous harm of horrible government currencies that are so vehemently opposed to Bitcoin. It just screams privilege, like when some spoiled trust fund kid gets mad at homeless people because they won't just go home. When people are struggling to not drown and they find a life raft, they simply don't care if people in yachts tell them it looks tacky.
If you genuinely want to give this a fair shake, then Google things like "bitcoin encourages renewable energy after:2023" or "Bitcoin adoption in poor countries after:2022". Get recent information and be open to having your mind changed. Bitcoin threatens the imbalance of power, and this is why there is a push to get people in powerful countries to not think deeply about how much it is helping the less fortunate right now. It's just a matter of time though. Knowledge naturally spreads.
Poor people all over the world are less poor because they have used bitcoin to escape predatory devaluing fiat currencies. Go check out much of Africa, much of South America, Turkey, Georgia, and Southeast Asia. There are literally people eating better food and drinking cleaner water thanks to the fact that they can maintain their hard-earned value with bitcoin.
Nobody said capitalism is bad. Nobody said guns are bad, I have no idea why you would feel the need to conflate issues. I get that you can read headlines, but dig a bit deeper, and you will actually be able to argue from thought-out stances. The crypto oil thing was a scare tactic that got thoroughly disproven many years ago. Mining is rapidly ushering in the transition to renewable energy sources. It is also preventing waste of energy that would just dissipate.
The information is out there. It's just up to yourself to put in the work to educate yourself. I don't mean run around trying to find anything that will agree with your original hunches or whatever to try to guard your ego. I mean, look at it with fresh eyes and be willing to expand your view after critically analyzing the situation without bias. It is actually a good thing to be capable of arguing from both sides so that you are able to honestly weigh the situation. Right now you are just spewing old headlines that you once saw and not even attempting to make a coherent argument.
It will only help you to educate yourself. It's not nearly as daunting as it seems. The next step is to quit trying to defend a stance that you don't understand and to spend some time researching and asking questions. If you had understood what bitcoin was in 2013, then you would be in a much different situation than you are in right now.
Oh my. Hold your horses buddy. Nobody is forcing poor people to buy bitcoin. People are just faced with a choice, they can hold their value in fiat currencies that corrupt governments are printing like crazy, or they hold their value in a decentralized currency that nobody has control over and nobody can print on a whim. Just because you feel like you missed out on a good investment and so you are bitter towards an entire growing industry doesn't matter at all to people who are using it to escape corruption.
It really isn't nearly as complex or evil as you think it is. It really is just a way for people who have repeatedly been screwed over by corrupt politicians to escape corruption. It's just a matter of time until more and more people around you realize the same, and eventually you will join in, albeit a bit late due to your ignorant bitterness. You do yourself no favors by being against something simply because you don't take the time to understand it.
Look closer, it's saving lives down there.
Read my comment again, you entirely missed the point. This has nothing to do with anything you pointed out. I guarantee you don't live In a poor country because there isn't a chance that you would have no idea how much they are benefiting from bitcoin. I'm sorry you're so offended, but you were your ignorance so prominently that it isn't hard to see at all. I'm also in the 1st world, but I desire to understand the whole picture enough to be able to tell. Use your anger over something you know nothing about as a guide of where to educate yourself.
Yeah, probably, don't worry about it, it's all a bit complex so probably all just the same thing, who knows. No way to tell really. You'll be fine without digging too deep into this stuff, it's difficult to understand.
If you were not living in a powerful first world country, you would like it a hell of a lot more. It is such a luxury to not have to constantly be worried about your currency collapsing. In places like Turkiye, crypto is massively popular because their currency is constantly devaluing. There are many countries like this that many Americans and Europeans seem to forget even exist.
It probably won't be too long until even the spoiled nations will want to be able to hold value somewhere that isn't free falling as well. The US is now paying more to service their debt than they are to the military. Not everyone can afford to hold their wealth in real estate and successful businesses.
Nobody has to have control of the production of money, it is especially bad when corrupt people have the power to generate it into their pockets. I know it is hard to understand how generating money for one's self is theft from everyone with money, but it is the case, you just have to try a bit harder to wrap your head around it.
It's such a first-world thing to not understand all the good that crypto has done. There are countless lives that have been financially saved by having a safe place to hold wealth while their countries' fiat collapsed. It's just a short matter of time until many first world folks understand this as well.
Genocide Joe is a piece of shit. I've said thay repeatedly. Upgrade your base model so you can at least have basic reading comprehension.
Are you seriously a Trump supporter because you think the conservatives will be kinder to a group of minority Muslims that are up against Jewish Israel? Is this the first time you've ever paid attention to American politics?
Look up what a president by the name of George Bush Jr. did to the Middle East, you're about to have your political views dumped completely upside-down. The Republicans are not nearly as buddy-buddy with Islamic minorities as you've somehow been lead to believe.
Worse genocide. That is worse than genocide. Have they seriously got you thinking that there are no gazans left of something? It is mind-boggling how good some media companies are at doing what they do.
You talked about Trump.
I responded that your take on Trump made no sense.
You oddly tried to pretend you were not talking about Trump.
I pointed out that you were talking about Trump.
I have made my point clearly. I'm sorry if making it so clear hurt your feelings, but the choice is between speaking on a low level or having things go over your head like they did. This is a you issue. If you don't want people to speak down to you, then demonstrate some reading comprehension.
Also, I'm not liberal, I'm politically non-binary.
Do you realize that if today the casualties on both sides of Gaza and isreal since October happened again, and then every day that many more is added, let's say 40,000 per day. If we continue doing that every single day, we wouldn't reach the world war 2 casualties until 2027. So yes, things can, and have very recently been much worse.
Biden is a bastard, he is blowing up gazan children daily, and I hope the universe makes a special exception for him and creates a biblical hell. Trump calls this "level of restraint" antisemitic. Trump is in extreme debt, angry as hell, and he has a bunch of racist anti-muslim fanatics he's trying to please. He can absolutely make things worse.
I was referring to the part of your comment where you said "Trump." You're gonna have to use gpt to explain my comment to you in a way that you are able to wrap your head around. Just tell it to break it down step by step and explain it to like you're a 5 year old with their fingers in their ears yelling "blah blah blah, i can't heeeaaaar youuuuu".
Sadly, it's no use. They try to figure out what your conclusion is, and then they shut down entirely and don't consider why the facts lead to the conclusion. They can't respond to specifics, all they can do is call names.