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?
It’s just amazing how stupid you have to pretend to be in order to keep up this delusion.
You think you have a “gotcha” with the gold thing. You don’t. The rarity in bitcoin isn’t what created the value, and it’s not what sustains it either. That’s just a basic requirement for a currency; it needs to be limited.
What created and sustains Bitcoins value is the trillions of dollars in drug money it’s used for. Which you can’t refute. Well you can, and have, but like I say, it’s delusional, I’ve shown you the data.
Given how obsessed you are with being right, I’m surprised you want to just admit to being wrong:
Honestly, the mental shenanigans you have to pull for this? You don’t think Bitcoin grew in value, exponentially? But I’m gonna bet you won’t be able to argue that either, seeing how it’s definition is ““of an increase) becoming more and more rapid””
And you don’t think this qualifies?
What’s your native language man?
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?
The buying power of gold is remarkably similar to what it was 100 years ago, but I assume you didn’t consider the buying power, but the numbers on the screen. It has changed, yeah, but the physical amount of gold you need is rather similar to what it was 100 years ago if you were to want to buy a house. It’s like literally one of the first things kids get taught in economics in any decent basic education; how well gold maintains value and how stable it has been historically? :D The value of gold definitely has maybe doubled or quadrupled, depending on what and how you do the comparison, but it’s definitely not even a dozen times what it was 100 years ago. Bitcoins value has changed by literally >20 000%. But you’re gonna sit there and pretend that isn’t exponential but that gold is? :DD
This is just ridiculous how you’re having to do all this because you can’t name a single thing you can buy with bitcoin that isn’t illegal. Despite me proving all my claims and you showing literally no support for your delusional brainfarts and decrying everything as insufficient and just refusing to believe reality, despite sourced facts.
TRILLIONS, remember? TRILLIONS. Funny how you haven’t addressed that a single time, isn’t it?
You think currency traders… take Bitcoin… and trade it for… Bitcoin…? Why would they do that?
No, they trade it for money? See this is what I mean. You have to pretend to be a simpleton because your ego doesn’t allow you to accept reality.
No more so than this:
I’m suffering from a slipping rib, so you’re honestly making me go “my sides” because I chuckling at you.
Gold is exactly the same value it was in 1980.
Like I predicted, you think it’s increased in value because the price has gone up, because you simply *look at the numbers. *
Like I said yesterday, this isn’t a debate.
This is entertainment.
I didn’t say that. Now you’re literally just making things up.
Another thing I’ve said before: you pretend like implications don’t exist, because you have to, so that you can avoid the simple things which prove you wrong.
You said “I should check the definition of the word”. I did, and just like I said, Bitcoin has exponentially increased in value, whereas gold has not. Do you understand the difference between “price” and “value”? They might seem similar, but they’re not the same thing.
Except I did. Are you illiterate?
Apparently so, please, do tell me what that thing is that is worth TRILLIONS, or even just billions? No? Can’t come up with a single thing, like I’ve said a dozen times, but can’t address me having sourced that black markets are worth TRILLIONS from a creditable source like Europol. But that makes you ashamed so you have to pretend I’m not right and you’re not just equivocating because you’re avoiding the facts.
You haven’t done that.
Ah yes, because you pretend something doesn’t exist, it doesn’t? Do you play and hide and seek by closing your eyes, because the others surely can’t see you if you can’t see them, right?
I have actually, just more illiteracy on your part. Maybe try going back and sounding it all out?
Pathological avoidance. "Yawn.
You can’t even offer rationale as to your weird delusions would be correct, but still kick and scream that Europol data is wrong.
" No, it’s not mainly used for the drug markets worth trillions that you’ve proved by Data from Europol and it isn’t even relevant to your claim"
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:
To purchase what, exactly? Or to buy and sell Bitcoin?
So I said I use Bitcoin for legal transactions, gave you and example, and you asked if I used it to buy and sell Bitcoin… Damn, you really are illiterate.
Apparently so, please, do tell me what that thing is that is worth TRILLIONS, or even just billions?
Moving goalposts. Yawn.
but can’t address me having sourced that black markets are worth TRILLIONS from a creditable source like Europol
Again, I did. You’re illiterate.
your weird delusions
Again, such as?
“No, it’s not mainly used for the drug markets worth trillions that you’ve proved by Data from Europol”
I never said that. Stop making things up.
it isn’t even relevant
It isn’t relevant to the claim which is: “Bitcoin is bad so creator is ashamed.”
To recap, your argument there is: “Holding Bitcoin indirectly funds crime” – such a boring take. I’ll add it to the pile along with how I’m murdering Gazan babies and burning the planet 🥱.
Literally from the start I said that Bitcoin is propped up by illegal markets, because it is. You asked for a source, I showed you sources showing the value of drug markets which use Bitcoin are in THE TRILLIONS.
That proves my argument. You then started shifting goalposts. And every time you end up saying something silly, like “Bitcoin didn’t exponentially grow in value, or if it did, so has gold”, then try to prove that statement by showing data which proves you wrong. :D
It’s hilarious.
Again, I did. You’re illiterate.
“I said I’m right because me saying how I totally use Bitcoin all the time for legal transactions worth at least like, dozens of dollars, proves that Bitcoin isn’t actually propped by illegal drug markets”
I never said that
I never said you said anything. I implied you implied it, which you did. Or have you not been pretending like implications don’t exist, but you genuinely don’t understand what the word means?
: “Holding Bitcoin indirectly funds crime”
I NEVER SAID THAT STOP MAKING THINGS UP :(((((((((
See how childish that sounds?
Investing in Bitcoin does fund crime. That’s a simple fact proven over and over by what can easily be inferred from the fact that practically all of the transactions in Bitcoin are for drugs, monetary value, I don’t give a toss if you think buying some booster packs makes even the slightest dent in the TRILLIONS that the drug markets are worth. Not to even talk about all the other crime.
You also have to pretend you said Bitcoin hasn’t exponentially grown in value. It has. You claimed “if Bitcoin has, then gold has as well” and showed evidence proving you wrong.
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?
“What does it mean to be a currency trader”
It’s just amazing how stupid you have to pretend to be in order to keep up this delusion.
You think you have a “gotcha” with the gold thing. You don’t. The rarity in bitcoin isn’t what created the value, and it’s not what sustains it either. That’s just a basic requirement for a currency; it needs to be limited.
What created and sustains Bitcoins value is the trillions of dollars in drug money it’s used for. Which you can’t refute. Well you can, and have, but like I say, it’s delusional, I’ve shown you the data.
Honestly, the mental shenanigans you have to pull for this? You don’t think Bitcoin grew in value, exponentially? But I’m gonna bet you won’t be able to argue that either, seeing how it’s definition is ““of an increase) becoming more and more rapid””
And you don’t think this qualifies?
What’s your native language man?
The buying power of gold is remarkably similar to what it was 100 years ago, but I assume you didn’t consider the buying power, but the numbers on the screen. It has changed, yeah, but the physical amount of gold you need is rather similar to what it was 100 years ago if you were to want to buy a house. It’s like literally one of the first things kids get taught in economics in any decent basic education; how well gold maintains value and how stable it has been historically? :D The value of gold definitely has maybe doubled or quadrupled, depending on what and how you do the comparison, but it’s definitely not even a dozen times what it was 100 years ago. Bitcoins value has changed by literally >20 000%. But you’re gonna sit there and pretend that isn’t exponential but that gold is? :DD
This is just ridiculous how you’re having to do all this because you can’t name a single thing you can buy with bitcoin that isn’t illegal. Despite me proving all my claims and you showing literally no support for your delusional brainfarts and decrying everything as insufficient and just refusing to believe reality, despite sourced facts.
TRILLIONS, remember? TRILLIONS. Funny how you haven’t addressed that a single time, isn’t it?
You think currency traders… take Bitcoin… and trade it for… Bitcoin…? Why would they do that?
No more so than this:
I didn’t say that. Now you’re literally just making things up.
Except I did. Are you illiterate?
You haven’t done that.
Such as?
I have actually, just more illiteracy on your part. Maybe try going back and sounding it all out?
No, they trade it for money? See this is what I mean. You have to pretend to be a simpleton because your ego doesn’t allow you to accept reality.
I’m suffering from a slipping rib, so you’re honestly making me go “my sides” because I chuckling at you.
Gold is exactly the same value it was in 1980.
Like I predicted, you think it’s increased in value because the price has gone up, because you simply *look at the numbers. *
Like I said yesterday, this isn’t a debate.
This is entertainment.
Another thing I’ve said before: you pretend like implications don’t exist, because you have to, so that you can avoid the simple things which prove you wrong.
You said “I should check the definition of the word”. I did, and just like I said, Bitcoin has exponentially increased in value, whereas gold has not. Do you understand the difference between “price” and “value”? They might seem similar, but they’re not the same thing.
Apparently so, please, do tell me what that thing is that is worth TRILLIONS, or even just billions? No? Can’t come up with a single thing, like I’ve said a dozen times, but can’t address me having sourced that black markets are worth TRILLIONS from a creditable source like Europol. But that makes you ashamed so you have to pretend I’m not right and you’re not just equivocating because you’re avoiding the facts.
Ah yes, because you pretend something doesn’t exist, it doesn’t? Do you play and hide and seek by closing your eyes, because the others surely can’t see you if you can’t see them, right?
Pathological avoidance. "Yawn.
You can’t even offer rationale as to your weird delusions would be correct, but still kick and scream that Europol data is wrong.
" No, it’s not mainly used for the drug markets worth trillions that you’ve proved by Data from Europol and it isn’t even relevant to your claim"
I imagine that’s what you look like right now.
Uhhh… you’re lost. Let me help you out.
Me:
You:
So I said I use Bitcoin for legal transactions, gave you and example, and you asked if I used it to buy and sell Bitcoin… Damn, you really are illiterate.
Moving goalposts. Yawn.
Again, I did. You’re illiterate.
Again, such as?
I never said that. Stop making things up.
It isn’t relevant to the claim which is: “Bitcoin is bad so creator is ashamed.”
To recap, your argument there is: “Holding Bitcoin indirectly funds crime” – such a boring take. I’ll add it to the pile along with how I’m murdering Gazan babies and burning the planet 🥱.
Literally from the start I said that Bitcoin is propped up by illegal markets, because it is. You asked for a source, I showed you sources showing the value of drug markets which use Bitcoin are in THE TRILLIONS.
That proves my argument. You then started shifting goalposts. And every time you end up saying something silly, like “Bitcoin didn’t exponentially grow in value, or if it did, so has gold”, then try to prove that statement by showing data which proves you wrong. :D
It’s hilarious.
“I said I’m right because me saying how I totally use Bitcoin all the time for legal transactions worth at least like, dozens of dollars, proves that Bitcoin isn’t actually propped by illegal drug markets”
I never said you said anything. I implied you implied it, which you did. Or have you not been pretending like implications don’t exist, but you genuinely don’t understand what the word means?
I NEVER SAID THAT STOP MAKING THINGS UP :(((((((((
See how childish that sounds?
Investing in Bitcoin does fund crime. That’s a simple fact proven over and over by what can easily be inferred from the fact that practically all of the transactions in Bitcoin are for drugs, monetary value, I don’t give a toss if you think buying some booster packs makes even the slightest dent in the TRILLIONS that the drug markets are worth. Not to even talk about all the other crime.
You also have to pretend you said Bitcoin hasn’t exponentially grown in value. It has. You claimed “if Bitcoin has, then gold has as well” and showed evidence proving you wrong.
I can’t make anything as entertaining, thanks.