Quote from: Summerwalk on September 18, 2018, 09:52:54 AM

Quote from: Astrovibes on September 18, 2018, 09:47:11 AM

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

Ill admit Im new to all of this, but Ive totally thrown myself into it over the past couple months. For years I maintained a completely uninformed opinion of bitcoin based in part on my reading of John Kenneth Galbraiths Short History of Financial Euphoria (which I highly recommend). But after taking the time to learn what this actually IS, I am convinced that this is an absolutely fucking world changing technology. There is a there there. This is real. Bitcoin is not tulips. This is the beginning of phase II of the Information Age. At this point I think you either get it or you dont. All I suggest is invest some time to really understand the technology. If not because youre investing, do it because it is literally changing everything before our eyes.

That kind of thinking is exactly what led to Bitcoin to $20,000 and back to $6200. People buying to gamble and make quick bucks instead of seeing its very little real-world applications. People will always point out a cafe that accepts bitcoin but failed to point out the other 1,000,0000 cafe that doesn't.