Quote from: realr0ach on September 21, 2019, 03:26:15 AM

Quote from: JayJuanGee on September 21, 2019, 02:55:02 AM

Quote from: realr0ach on September 21, 2019, 02:46:57 AM

Quote from: JayJuanGee on September 21, 2019, 01:43:41 AM

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes. If people like you did not exist, the afforementioned scams would never work and we would have no word to describe their existence.

Yeah, but some of us are getting rich along the way, too. Of course, if BTC were to suddenly go to zero, as you would like to hypothesize, or even bleed to zero, then many of us true BTC believers would get screwed because we would be buying all the way down.

There were plenty of people making money long on Enron and Pets.com just like Bitcoin. The main issue I have is the people who make the claim that anyone who exited and made money before any of these scams blows up is somehow "smart money". Smart money is based on fundamentals, not gambling, fraud, or being a partner to defrauding others. That would just be...fraud, not 'investing'.

You pretend I'm some type of outlier for saying it's not even possible to create a decentralized digital currency, and that Bitcoin is a designed to centralize scam with built-in, rent seeking middlemen, and doesn't remove counterparty risk, useless compared to physical metals. Yet, this guy, who also started saying similar things long after I began saying them, seems to agree:

Quote

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced:

Quote from: https://blog.jim.com/economics/a-bad-time-to-invest-in-bitcoin/

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale. Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

Yes. Add another nutjob to the mix in order to assert that you are not the only nutjob.

I have been giving you the benefit of the doubt, roach, and you just seem to be in a fantasy land, ignoring the reality.

Bitcoin is the real deal. It is NOT merely some made up bullshit, like you and your other no coiners spout it out to be.

So, still, the facts do not seem to be on your side in this one roach. You can proclaim all that you want and you can say that you have been saying this since 2016 when you sold all your coins at $700, and in the end, you have just missed and you continue to miss the investment opportunity costs in bitcoin. Sure, I will agree that your criticism likely applies to the vast majority of snake imitator altcoins, but bitcoin is the leader in this arena, with the mining power to back it up... Mining power is concrete, just like that shiny piece of gold in your hand is concrete... yet bitcoin is much more portable, divisible, verifiable, and less costly than that shiny piece of metal in your hand, especially when you start dealing with larger amounts (such as in the tens of thousands), and that is also when you are quite happy to be able to store your bitcoins in a variety of ways and thereby choose whether to store them, send them and how to accomplish such is largely available to you with the mining power continuing to provide the ability to verify the access to the coins that you control with your private key(s).