Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has no intrinsic value
by
pooya87
on 17/04/2022, 05:02:41 UTC
sidenote. im keeping this quote for later use when pooya wants to advertise his favoured altnet while saying bitcoin utility cant cope as a currency (contradition)
I love how you always sneak your own messed up opinion about LN into every conversation Cheesy

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i agree its not money out of thin air. there is actually alot of economics going on..
yes advertising bitcoin as 'to the moon' and '$100k in 2021/2 or $1m by 2023 is silly exaggerated advertising that needs to stop. because thats just hyping up bitcoin and trying to promise long term possibilities as things that are (falsely) promised to happen short term
The problem is now just the speculation but it is the fact that price is the ONLY thing we see being discussed about bitcoin. For example if you go to r/bitcoin it is all memes and price and very little is discussed about the technology if at all.

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(subtle hint how you(pooya) are part of the group that wants to claim bitcoin is useless as a currency and people should play on other networks!!(facepalm))
Funny thing is that I have only seen you make these statements not anybody else!
I personally believe that bitcoin blocks need to scale to match the increasing demand but at the same time LN as a second layer "bitcoin network" is offering very useful utilities that the blockchain can never offer.