The value of Bitcoin has not increased exponentially. You should look up that word.
Or maybe you should?
“of an increase) becoming more and more rapid”
I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?
Like with Bitcoin?
I’m aware you’re unaware of how black markets work, that’s probably clear for anyone getting this far into the thread, but you can use it as currency, and every single small town will have at least a single gold trader, who will “store value” for you.
In what way?
In the way that countries on the gold standard, which included he US until about 50 years ago, had a system in which technically you were allowed to go any bank and demand your moneys worth in gold. Technically. But everyone doing that causes a bank run.
Which would also happen if there was some massive need about computer tech that could somehow magically trace all bitcoin transactions. And I do mean magically, because right now it trusts maths. And unless that changes, there’s prolly not gonna be a bank run on bitcoin.
I’ve asked you what else could there be? What use can it be for people? And the only thing you came up with is “a store of value”. Meaning you’re investing in something that is being actively used as currency, despite you not having a single use for that currency, because the market which utilises that currency is so strong, it makes investing (ie “storing value with the expectation it’s gonna grow”) in a currency profitable.
Like I said from the start, the drug trade created the value which made Bitcoin a worthwhile investment. That’s what created the value; a market valued in TRILLIONS.
Remember that? How the value is in the TRILLIONS? Or are you just gonna pretend all the data I showed — from fucking Europol and not some niche independent propaganda rags — doesn’t exist?
So I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?
Or do I need to exchange it first?
despite you not having a single use for that currency
To be clear, I use Bitcoin for legal transactions (not exchanges) somewhat regularly. Would actually be extremely cumbersome to send boosts using gold, funny enough. Probably why people don’t do it.
So I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?
You can get a whore to do that for you, if you’re so committed. I didn’t say you can use it for literally any transaction. I said for literally anything. And I dare you you to give me gold and challenge me for a thing I can’t get, if it isn’t something like a sample of small pox.
Or do I need to exchange it first?
Not like Bitcoin, no.
To be clear, I use Bitcoin for legal transactions (not exchanges) somewhat regularly. Would actually be extremely cumbersome to send boosts using gold, funny enough. Probably why people don’t do it.
To purchase what, exactly? Or to buy and sell Bitcoin? Because unless you’re illiterate, you should understand that was excluded.
Weird how you keep avoiding answering me, almost as if you were a pathetic coward in avoidance. Almost like, eh?
I’ve asked you what else could there be? What use can it be for people? And the only thing you came up with is “a store of value”. Meaning you’re investing in something that is being actively used as currency, despite you not having a single use for that currency, because the market which utilises that currency is so strong, it makes investing (ie “storing value with the expectation it’s gonna grow”) in a currency profitable.
Like I said from the start, the drug trade created the value which made Bitcoin a worthwhile investment. That’s what created the value; a market valued in TRILLIONS.
Remember that? How the value is in the TRILLIONS? Or are you just gonna pretend all the data I showed — from fucking Europol and not some niche independent propaganda rags — doesn’t exist?
Ps edit funny how you don’t contravene the definition of “exponential” now that we checked it, isn’t it?
The value of Bitcoin has not increased exponentially. You should look up that word.
I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?
In what way? I’m assuming you’re talking about the US – you do know that the gold-standard hasn’t been used for decades there, right?
There is a fixed supply of Bitcoin. Being able to hold it in your hand or not is completely irrelevant.
Or maybe you should?
“of an increase) becoming more and more rapid”
Like with Bitcoin?
I’m aware you’re unaware of how black markets work, that’s probably clear for anyone getting this far into the thread, but you can use it as currency, and every single small town will have at least a single gold trader, who will “store value” for you.
In the way that countries on the gold standard, which included he US until about 50 years ago, had a system in which technically you were allowed to go any bank and demand your moneys worth in gold. Technically. But everyone doing that causes a bank run.
Which would also happen if there was some massive need about computer tech that could somehow magically trace all bitcoin transactions. And I do mean magically, because right now it trusts maths. And unless that changes, there’s prolly not gonna be a bank run on bitcoin.
I’ve asked you what else could there be? What use can it be for people? And the only thing you came up with is “a store of value”. Meaning you’re investing in something that is being actively used as currency, despite you not having a single use for that currency, because the market which utilises that currency is so strong, it makes investing (ie “storing value with the expectation it’s gonna grow”) in a currency profitable.
Like I said from the start, the drug trade created the value which made Bitcoin a worthwhile investment. That’s what created the value; a market valued in TRILLIONS.
Remember that? How the value is in the TRILLIONS? Or are you just gonna pretend all the data I showed — from fucking Europol and not some niche independent propaganda rags — doesn’t exist?
“of an increase) becoming more and more rapid”
Interesting:
for
So I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?
Or do I need to exchange it first?
To be clear, I use Bitcoin for legal transactions (not exchanges) somewhat regularly. Would actually be extremely cumbersome to send boosts using gold, funny enough. Probably why people don’t do it.
You can get a whore to do that for you, if you’re so committed. I didn’t say you can use it for literally any transaction. I said for literally anything. And I dare you you to give me gold and challenge me for a thing I can’t get, if it isn’t something like a sample of small pox.
Not like Bitcoin, no.
To purchase what, exactly? Or to buy and sell Bitcoin? Because unless you’re illiterate, you should understand that was excluded.
Weird how you keep avoiding answering me, almost as if you were a pathetic coward in avoidance. Almost like, eh?
I’ve asked you what else could there be? What use can it be for people? And the only thing you came up with is “a store of value”. Meaning you’re investing in something that is being actively used as currency, despite you not having a single use for that currency, because the market which utilises that currency is so strong, it makes investing (ie “storing value with the expectation it’s gonna grow”) in a currency profitable.
Like I said from the start, the drug trade created the value which made Bitcoin a worthwhile investment. That’s what created the value; a market valued in TRILLIONS.
Remember that? How the value is in the TRILLIONS? Or are you just gonna pretend all the data I showed — from fucking Europol and not some niche independent propaganda rags — doesn’t exist?
Ps edit funny how you don’t contravene the definition of “exponential” now that we checked it, isn’t it?
So yes, you do need to exchange gold into another currency before you can use it for most transactions.
Try reading again, I just told you. Also how would you buy and sell Bitcoin using Bitcoin… what do you even think that means…?
Given how obsessed you are with being right, I’m surprised you want to just admit to being wrong:
So either you picked a colloquial definition that makes you wrong about gold, or you’re wrong about it being literally exponential. Which one is it?