• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Bitcoin Breaks $50,000 Barrier, Hitting the Highest Value Ever

Joined
Jun 29, 2009
Messages
1,871 (0.35/day)
Location
Heart of Eutopia!
System Name ibuytheusedstuff
Processor 5960x
Motherboard x99 sabertooth
Cooling old socket775 cooler
Memory 32 Viper
Video Card(s) 1080ti on morpheus 1
Storage raptors+ssd
Display(s) acer 120hz
Case open bench
Audio Device(s) onb
Power Supply antec 1200 moar power
Mouse mx 518
Keyboard roccat arvo
sorry i hurt you
 
Joined
Apr 6, 2009
Messages
225 (0.04/day)
Location
Finland
Processor 4690K @ 4.2GHz
Motherboard Asus Z97-P
Cooling CRYORIG H7
Memory 16GB (2x8GB) HyperX Fury, DDRS 1600MH2
Video Card(s) EVGA GTX 1070 SC Black Edition
Storage Lots
Display(s) 24" Predator GN246HL, 1080p, 144Hz
Case Phanteks P300
Power Supply Corsair CX650
Software Windows 10 Pro
Benchmark Scores 1/0 0.o
You mean organized crime beat them to the punch? That's probably true, money laundering is one of the major uses of crypto after all. If what you meant was that small scale investors balance out the big ones... nah. The big ones are too big. If someone pulls hundreds of millions of dollars out at some point - which they will, as all financiers are prone to panic selling - no amount of "little guys" jumping at the opportunity to buy cheap will make a dent in that.

Agree, crypto is a good tool to do evil things, no avoiding that. But I also believe that crypto is not "old-man-tech", they don't understand it and do not thrust it enough to go balls deep with their millions (and it is high risk indeed; hackers, poor insurance, loose you key and your money goes poof). So my bet is no, big investors won't/can't wreck crypto. And don't underestimate the amount of "little guys" with decent amount of money in the game.
 
Joined
May 2, 2017
Messages
7,762 (3.08/day)
Location
Back in Norway
System Name Hotbox
Processor AMD Ryzen 7 5800X, 110/95/110, PBO +150Mhz, CO -7,-7,-20(x6),
Motherboard ASRock Phantom Gaming B550 ITX/ax
Cooling LOBO + Laing DDC 1T Plus PWM + Corsair XR5 280mm + 2x Arctic P14
Memory 32GB G.Skill FlareX 3200c14 @3800c15
Video Card(s) PowerColor Radeon 6900XT Liquid Devil Ultimate, UC@2250MHz max @~200W
Storage 2TB Adata SX8200 Pro
Display(s) Dell U2711 main, AOC 24P2C secondary
Case SSUPD Meshlicious
Audio Device(s) Optoma Nuforce μDAC 3
Power Supply Corsair SF750 Platinum
Mouse Logitech G603
Keyboard Keychron K3/Cooler Master MasterKeys Pro M w/DSA profile caps
Software Windows 10 Pro
The issue isn't that crypto-currencies or blockchains don't have potential uses when done right
I agree wholeheartedly with the rest of your post, but that initial statement needs a continuation: "it's just that those potential uses are extremely few and far between." Given that the entire premise of the system is increasing difficulty over time, inefficiency is built into it, so the level of security provided becomes moot. The main "useful" use presented has been secure transactions, but that falls apart once you get to the point of "thank you for your purchase, your transaction will be approved in approximately three weeks once our crypto farm in China has processed the secure transaction and provides the proof of purchase. Have a nice three weeks!" Which won't take long, given how these systems are designed. Any system with that level of built-in inefficiency is inherently useless.
sorry i hurt you
I'll admit it did hurt my brain a bit to see that collection of false equivalencies and straw men thrown up as if they represented an argument, but overall I wasn't hurt, thankfully, just baffled at the level of delusion. It's also rather telling that you, rather than presenting actual counterarguments or following up on your "points" jump to "sorry I hurt you". It's almost as if there's no substance behind your claims... :rolleyes:
 
Joined
Sep 17, 2014
Messages
20,780 (5.97/day)
Location
The Washing Machine
Processor i7 8700k 4.6Ghz @ 1.24V
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) ASRock RX7900XT Phantom Gaming
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Gigabyte G34QWC (3440x1440)
Case Fractal Design Define R5
Audio Device(s) Harman Kardon AVR137 + 2.1
Power Supply EVGA Supernova G2 750W
Mouse XTRFY M42
Keyboard Lenovo Thinkpad Trackpoint II
Software W10 x64
Agree, crypto is a good tool to do evil things, no avoiding that. But I also believe that crypto is not "old-man-tech", they don't understand it and do not thrust it enough to go balls deep with their millions (and it is high risk indeed; hackers, poor insurance, loose you key and your money goes poof). So my bet is no, big investors won't/can't wreck crypto. And don't underestimate the amount of "little guys" with decent amount of money in the game.

Cryptocurrency =/= Bitcoin nor its inflated or deflated value.

The technology for crypto can and is already implemented in services. Bitcoin is already history in terms of 'fueling' that development, alt coins have taken over those reins, and fund further refinements.
 
Joined
May 2, 2017
Messages
7,762 (3.08/day)
Location
Back in Norway
System Name Hotbox
Processor AMD Ryzen 7 5800X, 110/95/110, PBO +150Mhz, CO -7,-7,-20(x6),
Motherboard ASRock Phantom Gaming B550 ITX/ax
Cooling LOBO + Laing DDC 1T Plus PWM + Corsair XR5 280mm + 2x Arctic P14
Memory 32GB G.Skill FlareX 3200c14 @3800c15
Video Card(s) PowerColor Radeon 6900XT Liquid Devil Ultimate, UC@2250MHz max @~200W
Storage 2TB Adata SX8200 Pro
Display(s) Dell U2711 main, AOC 24P2C secondary
Case SSUPD Meshlicious
Audio Device(s) Optoma Nuforce μDAC 3
Power Supply Corsair SF750 Platinum
Mouse Logitech G603
Keyboard Keychron K3/Cooler Master MasterKeys Pro M w/DSA profile caps
Software Windows 10 Pro
Agree, crypto is a good tool to do evil things, no avoiding that. But I also believe that crypto is not "old-man-tech", they don't understand it and do not thrust it enough to go balls deep with their millions (and it is high risk indeed; hackers, poor insurance, loose you key and your money goes poof). So my bet is no, big investors won't/can't wreck crypto. And don't underestimate the amount of "little guys" with decent amount of money in the game.
Okay, here's some simple math: a hundred thousand little guys with US$10 000 (which is a lot for most people) invested in crypto is the equivalent of one billion-dollar hedge fund. It takes so damn many little guys to make even a dent, so this will never be a real check to the power of big players. Add a dozen or two funds, banks, and large-scale individual investors, and the little guys are just along for the ride with literally zero say in anything. Don't be fooled by the Gamestop thing - that was a smart attack on a clear and obvious weakness with no real countermeasures available. There are no such openings within crypto, as it is ultimately a single system of exchange.

As for organized crime, they are always at the forefront of adopting new ways of hiding or laundering their money. Don't be fooled by clichés of mafiosos with suitcases full of cash - they might well have those too, but their best friends are bankers, shell companies and bitcoin exchanges. And they're not afraid of losing their money, as money laundering typically has massive costs - a 10:1 rate from unlaundered to laundered money is a good outcome, so if you lose 90% of your drug money yet cash out in "clean" money that's still a win for them.
 
Joined
Jan 2, 2009
Messages
9,899 (1.78/day)
Location
Essex, England
System Name My pc
Processor Ryzen 5 3600
Motherboard Asus Rog b450-f
Cooling Cooler master 120mm aio
Memory 16gb ddr4 3200mhz
Video Card(s) MSI Ventus 3x 3070
Storage 2tb intel nvme and 2tb generic ssd
Display(s) Generic dell 1080p overclocked to 75hz
Case Phanteks enthoo
Power Supply 650w of borderline fire hazard
Mouse Some wierd Chinese vertical mouse
Keyboard Generic mechanical keyboard
Software Windows ten
AHH I remember years ago started the bit coin thread on here. I couldn't get the GPU miner working back then so gave up.

Would of had a decent amount of money by now heh.
 
Joined
Apr 6, 2009
Messages
225 (0.04/day)
Location
Finland
Processor 4690K @ 4.2GHz
Motherboard Asus Z97-P
Cooling CRYORIG H7
Memory 16GB (2x8GB) HyperX Fury, DDRS 1600MH2
Video Card(s) EVGA GTX 1070 SC Black Edition
Storage Lots
Display(s) 24" Predator GN246HL, 1080p, 144Hz
Case Phanteks P300
Power Supply Corsair CX650
Software Windows 10 Pro
Benchmark Scores 1/0 0.o
Okay, here's some simple math: a hundred thousand little guys with US$10 000 (which is a lot for most people) invested in crypto is the equivalent of one billion-dollar hedge fund. It takes so damn many little guys to make even a dent, so this will never be a real check to the power of big players. Add a dozen or two funds, banks, and large-scale individual investors, and the little guys are just along for the ride with literally zero say in anything. Don't be fooled by the Gamestop thing - that was a smart attack on a clear and obvious weakness with no real countermeasures available. There are no such openings within crypto, as it is ultimately a single system of exchange.

As for organized crime, they are always at the forefront of adopting new ways of hiding or laundering their money. Don't be fooled by clichés of mafiosos with suitcases full of cash - they might well have those too, but their best friends are bankers, shell companies and bitcoin exchanges. And they're not afraid of losing their money, as money laundering typically has massive costs - a 10:1 rate from unlaundered to laundered money is a good outcome, so if you lose 90% of your drug money yet cash out in "clean" money that's still a win for them.
But for the hedge fund or mafioso to be able to sell, they would have to buy in = price increase before any decrease = no dent. As I said, too late to the game to make an effect when the argument is to defund any small players.

The current bitcoin price is a bubble sure, but I do not believe anything is organized when it comes to bitcoin or any crypto. From what i've seen, its a casino.
 
Joined
Jan 3, 2021
Messages
2,593 (2.20/day)
Location
Slovenia
Processor i5-6600K
Motherboard Asus Z170A
Cooling some cheap Cooler Master Hyper 103 or similar
Memory 16GB DDR4-2400
Video Card(s) IGP
Storage Samsung 850 EVO 250GB
Display(s) 2x Oldell 24" 1920x1200
Case Bitfenix Nova white windowless non-mesh
Audio Device(s) E-mu 1212m PCI
Power Supply Seasonic G-360
Mouse Logitech Marble trackball, never had a mouse
Keyboard Key Tronic KT2000, no Win key because 1994
Software Oldwin
How is the united states dollar considered a valid currency when in just over 70 years it's lost almost 1000% value due to inflation? ($100 in 1950 = $985.40 today)
All currencies fluctuate in value. Bitcoin is still in its infancy. Most likely it won't ever take over as a legitimate currency; it's too archaic and more of a proof of concept than an actual currency. But something like Carcano or Ethereum definitely could.
All currencies fluctuate in value. Successful currencies (many are that, most of the time, and many aren't) have a small inflation rate, which is around 2% per year and is kept in check by governments. That's because money is meant to circulate, be spent, be invested. If the inflation gets dangerously close to zero or even below zero, bills and coins stop being a means of payment and become an investment themselves. Everyone gets a long-lasting headache.

Is anyone able to create a cryptocurrency that behaves predictably like a currency but is not tied to $/€? I don't know.
 

Dux

Joined
May 17, 2016
Messages
511 (0.18/day)
When it eventually and inevitably crashes, you can expect a tsunami of cheap high end graphics cards.
 
Joined
Jan 31, 2011
Messages
2,202 (0.46/day)
System Name Ultima
Processor AMD Ryzen 7 5800X
Motherboard MSI Mag B550M Mortar
Cooling Arctic Liquid Freezer II 240 rev4 w/ Ryzen offset mount
Memory G.SKill Ripjaws V 2x16GB DDR4 3600
Video Card(s) Palit GeForce RTX 4070 12GB Dual
Storage WD Black SN850X 2TB Gen4, Samsung 970 Evo Plus 500GB , 1TB Crucial MX500 SSD sata,
Display(s) ASUS TUF VG249Q3A 24" 1080p 165-180Hz VRR
Case DarkFlash DLM21 Mesh
Audio Device(s) Onboard Realtek ALC1200 Audio/Nvidia HD Audio
Power Supply Corsair RM650
Mouse Steelseries Rival 3 Wireless | Wacom Intuos CTH-480
Keyboard A4Tech B314 Keyboard
Software Windows 10 Pro
Joined
Jun 2, 2017
Messages
7,797 (3.13/day)
System Name Best AMD Computer
Processor AMD 7900X3D
Motherboard Asus X670E E Strix
Cooling In Win SR36
Memory GSKILL DDR5 32GB 5200 30
Video Card(s) Sapphire Pulse 7900XT (Watercooled)
Storage Corsair MP 700, Seagate 530 2Tb, Adata SX8200 2TBx2, Kingston 2 TBx2, Micron 8 TB, WD AN 1500
Display(s) GIGABYTE FV43U
Case Corsair 7000D Airflow
Audio Device(s) Corsair Void Pro, Logitch Z523 5.1
Power Supply Deepcool 1000M
Mouse Logitech g7 gaming mouse
Keyboard Logitech G510
Software Windows 11 Pro 64 Steam. GOG, Uplay, Origin
Benchmark Scores Firestrike: 46183 Time Spy: 25121
Well what can I say I started nice hash last week Monday (Some of my friends thought it was a government product lol). I only run it when I am working though and I only use my Gaming PC. I have been making about 5 Euros a day since then. I am now at 34 Euros, even with the cost of electricity factored in I have still made almost 50 CAD with no real effort.
 
Joined
Jan 8, 2017
Messages
8,863 (3.36/day)
System Name Good enough
Processor AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard ASRock B650 Pro RS
Cooling 2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory 32GB - FURY Beast RGB 5600 Mhz
Video Card(s) Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage 1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) LG UltraGear 32GN650-B + 4K Samsung TV
Case Phanteks NV7
Power Supply GPS-750C
It is a shame Tesla cannot turn in a profit without in game cash. :(
I got to say there is something surreal about a company not turning in a single dime in profit until last year since it's inception buying 1.5 billion dollars worth of bitcoin.
 
Last edited:
Joined
May 2, 2017
Messages
7,762 (3.08/day)
Location
Back in Norway
System Name Hotbox
Processor AMD Ryzen 7 5800X, 110/95/110, PBO +150Mhz, CO -7,-7,-20(x6),
Motherboard ASRock Phantom Gaming B550 ITX/ax
Cooling LOBO + Laing DDC 1T Plus PWM + Corsair XR5 280mm + 2x Arctic P14
Memory 32GB G.Skill FlareX 3200c14 @3800c15
Video Card(s) PowerColor Radeon 6900XT Liquid Devil Ultimate, UC@2250MHz max @~200W
Storage 2TB Adata SX8200 Pro
Display(s) Dell U2711 main, AOC 24P2C secondary
Case SSUPD Meshlicious
Audio Device(s) Optoma Nuforce μDAC 3
Power Supply Corsair SF750 Platinum
Mouse Logitech G603
Keyboard Keychron K3/Cooler Master MasterKeys Pro M w/DSA profile caps
Software Windows 10 Pro
When it eventually and inevitably crashes, you can expect a tsunami of cheap high end graphics cards.
Yup. Let's just hope it happens sooner rather than later.
I got to say there is something surreal about a company not truing in a single dime in profit until last year since it's inception buying 1.5 billion dollars worth of bitcoin.
One has to wonder how much of that "zero profit" is down to actual profits being squirreled away through shell companies etc. Musk gets his money from somewhere, after all, and there are far less taxes to pay if you're not making a profit.
 
Joined
Jan 8, 2017
Messages
8,863 (3.36/day)
System Name Good enough
Processor AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard ASRock B650 Pro RS
Cooling 2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory 32GB - FURY Beast RGB 5600 Mhz
Video Card(s) Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage 1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) LG UltraGear 32GN650-B + 4K Samsung TV
Case Phanteks NV7
Power Supply GPS-750C
One has to wonder how much of that "zero profit" is down to actual profits being squirreled away through shell companies etc.
I don't know, Tesla really does seem like a joke of a company kept on life support indefinitely by constant capital infusions and memes. Tesla is the car manufacturer equivalent of Star Citizen.

Elon is very talented in manipulating investors.
 
Joined
Feb 23, 2019
Messages
5,581 (3.00/day)
Location
Poland
Processor Ryzen 7 5800X3D
Motherboard Gigabyte X570 Aorus Elite
Cooling Thermalright Phantom Spirit 120 SE
Memory 2x16 GB Crucial Ballistix 3600 CL16 Rev E @ 3800 CL16
Video Card(s) RTX3080 Ti FE
Storage SX8200 Pro 1 TB, Plextor M6Pro 256 GB, WD Blue 2TB
Display(s) LG 34GN850P-B
Case SilverStone Primera PM01 RGB
Audio Device(s) SoundBlaster G6 | Fidelio X2 | Sennheiser 6XX
Power Supply SeaSonic Focus Plus Gold 750W
Mouse Endgame Gear XM1R
Keyboard Wooting Two HE
I don't know, Tesla really does seem like a joke of a company kept on life support indefinitely by constant capital infusions and memes. Tesla is the car manufacturer equivalent of Star Citizen.

Elon is very talented in manipulating investors.
Not really, Tesla makes most of its money from selling carbon certificates, they've made 1.6 billion on it in 2020.
 

Easy Rhino

Linux Advocate
Staff member
Joined
Nov 13, 2006
Messages
15,436 (2.43/day)
Location
Mid-Atlantic
System Name Desktop
Processor i5 13600KF
Motherboard AsRock B760M Steel Legend Wifi
Cooling Noctua NH-U9S
Memory 4x 16 Gb Gskill S5 DDR5 @6000
Video Card(s) Gigabyte Gaming OC 6750 XT 12GB
Storage WD_BLACK 4TB SN850x
Display(s) Gigabye M32U
Case Corsair Carbide 400C
Audio Device(s) On Board
Power Supply EVGA Supernova 650 P2
Mouse MX Master 3s
Keyboard Logitech G915 Wireless Clicky
Software The Matrix
I'm not sure if crypto coins are going to a be a thing long term, however there are some really cool projects that use crypto that solve some really old problems. Take basic attention token for example used by Brave. You can pay online content creators directly using it rather than having to jump through a paywall or use a credit card or scamPal. It brings the end user as close to the creator as possible and transaction fee is much smaller than what a credit card would charge. For instance, rather than having to subscribe to a site like medium you could simply tip them a small amount directly from your digital wallet. The transaction is immediate and the cost is negligible. With ad blockers getting better every year content creators are going to start looking for better ways to generate revenue and everyone knows paywalls are not the answer.
 
Joined
Feb 1, 2013
Messages
1,248 (0.31/day)
System Name Gentoo64 /w Cold Coffee
Processor 9900K 5.2GHz @1.312v
Motherboard MXI APEX
Cooling Raystorm Pro + 1260mm Super Nova
Memory 2x16GB TridentZ 4000-14-14-28-2T @1.6v
Video Card(s) RTX 4090 LiquidX Barrow 3015MHz @1.1v
Storage 660P 1TB, 860 QVO 2TB
Display(s) LG C1 + Predator XB1 QHD
Case Open Benchtable V2
Audio Device(s) SB X-Fi
Power Supply MSI A1000G
Mouse G502
Keyboard G815
Software Gentoo/Windows 10
Benchmark Scores Always only ever very fast
How is the united states dollar considered a valid currency when in just over 70 years it's lost almost 1000% value due to inflation? ($100 in 1950 = $985.40 today)
All currencies fluctuate in value. Bitcoin is still in its infancy. Most likely it won't ever take over as a legitimate currency; it's too archaic and more of a proof of concept than an actual currency. But something like ADA or Ethereum definitely could.
I'd like to believe that there is blood willing to be spilt to protect it. There isn't such a commitment behind digital currencies.
 
Joined
Dec 26, 2006
Messages
3,470 (0.55/day)
Location
Northern Ontario Canada
Processor Ryzen 5700x
Motherboard Gigabyte X570S Aero G R1.1 BiosF5g
Cooling Noctua NH-C12P SE14 w/ NF-A15 HS-PWM Fan 1500rpm
Memory Micron DDR4-3200 2x32GB D.S. D.R. (CT2K32G4DFD832A)
Video Card(s) AMD RX 6800 - Asus Tuf
Storage Kingston KC3000 1TB & 2TB & 4TB Corsair LPX
Display(s) LG 27UL550-W (27" 4k)
Case Be Quiet Pure Base 600 (no window)
Audio Device(s) Realtek ALC1220-VB
Power Supply SuperFlower Leadex V Gold Pro 850W ATX Ver2.52
Mouse Mionix Naos Pro
Keyboard Corsair Strafe with browns
Software W10 22H2 Pro x64
Both sad and ridiculous. If I would have started mining this from Day 1 I would be retired now on a $300 vid card and $1000 of electricity. What a messed up world.
 
Joined
Jan 8, 2017
Messages
8,863 (3.36/day)
System Name Good enough
Processor AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard ASRock B650 Pro RS
Cooling 2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory 32GB - FURY Beast RGB 5600 Mhz
Video Card(s) Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage 1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) LG UltraGear 32GN650-B + 4K Samsung TV
Case Phanteks NV7
Power Supply GPS-750C
Joined
May 2, 2017
Messages
7,762 (3.08/day)
Location
Back in Norway
System Name Hotbox
Processor AMD Ryzen 7 5800X, 110/95/110, PBO +150Mhz, CO -7,-7,-20(x6),
Motherboard ASRock Phantom Gaming B550 ITX/ax
Cooling LOBO + Laing DDC 1T Plus PWM + Corsair XR5 280mm + 2x Arctic P14
Memory 32GB G.Skill FlareX 3200c14 @3800c15
Video Card(s) PowerColor Radeon 6900XT Liquid Devil Ultimate, UC@2250MHz max @~200W
Storage 2TB Adata SX8200 Pro
Display(s) Dell U2711 main, AOC 24P2C secondary
Case SSUPD Meshlicious
Audio Device(s) Optoma Nuforce μDAC 3
Power Supply Corsair SF750 Platinum
Mouse Logitech G603
Keyboard Keychron K3/Cooler Master MasterKeys Pro M w/DSA profile caps
Software Windows 10 Pro
Joined
Jan 28, 2009
Messages
433 (0.08/day)
Care to correct it then ?

Agreed, would love to see some follow-up on that statement.

First of, sorry for my typing. ENG is not my first language.
I wont cover every stupid post i've seen in here but i'll cover the surface of what i see wrong here.

There are over 8000 cryptos right now, BTC is far from alone. Some if not most of these have actual working product (working right now, adding more later) or are in the making of a product. Some other are just currency that want to become the money of the future. But, i have to agree that some crypto are just shit coins, they exist.

All the post i see in here like "it's a lottery", "it's a ponzy", "only for money laundering" and i can just quote and quote and quote on every non-sense that I've seen here. All these comment sound like people that have read a single article about BTC/Crypto stating the said shit and they stopped here.... and now just repeat the same shit every time they see CRYPTO anywhere.


Educate yourself, read LOTS of article about LOTS of project on the crypto universe. THEN, if you still think they are all piece of junk get back with valid fact.


FYI : Right now you can make your everyday grocery with crypto. Right now there are games, casino, software and more running on crypto as their "transaction database/currency". There are lots of working product and currency running with crypto and it's been like that for quite some time now. It's just growing and growing.
 
Joined
Jan 8, 2017
Messages
8,863 (3.36/day)
System Name Good enough
Processor AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard ASRock B650 Pro RS
Cooling 2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory 32GB - FURY Beast RGB 5600 Mhz
Video Card(s) Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage 1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) LG UltraGear 32GN650-B + 4K Samsung TV
Case Phanteks NV7
Power Supply GPS-750C
First of, sorry for my typing. ENG is not my first language.
I wont cover every stupid post i've seen in here but i'll cover the surface of what i see wrong here.

There are over 8000 cryptos right now, BTC is far from alone. Some if not most of these have actual working product (working right now, adding more later) or are in the making of a product. Some other are just currency that want to become the money of the future. But, i have to agree that some crypto are just shit coins, they exist.

All the post i see in here like "it's a lottery", "it's a ponzy", "only for money laundering" and i can just quote and quote and quote on every non-sense that I've seen here. All these comment sound like people that have read a single article about BTC/Crypto stating the said shit and they stopped here.... and now just repeat the same shit every time they see CRYPTO anywhere.


Educate yourself, read LOTS of article about LOTS of project on the crypto universe. THEN, if you still think they are all piece of junk get back with valid fact.


FYI : Right now you can make your everyday grocery with crypto. Right now there are games, casino, software and more running on crypto as their "transaction database/currency". There are lots of working product and currency running with crypto and it's been like that for quite some time now. It's just growing and growing.

Shitcoins don't just exist, most of them are shitcoins. And there is real proof that at least of them, apart from being worthless, are also actual scams and their creators have been caught outright lying and misleading people like was the case with Tether.

People keep saying that it's a Ponzi scheme because of the colossal amount of scams and services that went bust or which have stolen money related to crypto, I don't have to list them all I am sure you're well aware of them. And if you want to argue that it has nothing to do with crypto itself I am still not buying it (pun not intended), it's the nature of crypto which enables these massive scams to be executed so freely and effective.

And lastly, I can buy exactly jack shit with crypto where I live and I doubt this is any different in 99.99% of places.
 
Top