Quote from: Fortify on June 13, 2021, 05:19:10 PM

Quote from: Prettyjing34 on May 29, 2021, 06:38:51 AM

Behind the existence of any currency, there will be strong support, such as national credit or precious metals.
Now threatening to invest in Bitcoin is anti-inflationary because of the openness of decentralization? Bitcoin, like gold, does not generate cash flow and has no equivalent conversion. How to measure its true value?
Every country is developing its own encrypted digital currency
I really don't understand why big investment institutions invest in such assets?
Ask God to explain the future development and application scenarios of Bitcoin

There was a time when I feared that Bitcoin would suffer from something ruinous like quantum computing, then I realized that unless banking and other high security networks had some defence against it (would 2FA work?) then they would be equally vulnerable. As I typed that it does seem that having an in-built 2FA mechanism would be able to stop such attacks if it was properly set up. Bitcoin has been pretty tough and resilient so far, with few weaknesses discovered (such as the 51%) attack, but if anyone were able to start hacking wallets then it would instantly make Bitcoin worthless - that could be a "tulip" making event which could be devastating to some peoples finances. That is why it is best to diversify, maybe only have 5-10% of all your money in cryptocurrency.

Wallets were always hackable. Hell the john-the-ripper, has been around for years.

Most Trezor's sold on EBAY are fake, with scratch off keys, where the seller sweeps your btc after you put them into 'cold storage'

Limited shelf life is BTC, no NSA algo every lasts more than 10+ years, DES, AES, all history, SHA256, & Secp256k1 are NSA going on now almost 15+ years, they are definitely beyond their shelf-life by crypto standards.

Don't worry, the morons will not get this memo.

Tulips were beautiful at the time, and it was rather limited to an area, whereas BITCOIN is the truly the worlds first pyramid-ponzi that has embraced the entire earth.

Of course BTC is closer to Missisippi-Bubble, or South-Sea Bubble, but tulip-mania, is just one of many examples of mass insanity.

U can't explain to a HODL-r that he's a moron, he doesn't listen, no point of this argument.

Most people at the time of Tulip bulbs were actually trading common onion bulbs, but so what, that era too had its 'shit coins'.