Your 'point't doesn't make any sense at all?
Neovim first.
I've never "purchased" Bitcoin or any cryptocurrencies ever because it is not money or legal tender and never will.
But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)
Yeah no.
You know what happened in el salvador? A Lot of people got their initial crypto stolen.
And you know what real people do? They use euros and dollars as hard cash. Like i have seen in Iran.
That's true for bitcoin, but not for cryptocurrencies in general. Especially those that moved to proof-of-stake.
"Tons" of CO2 would be an inconsequential drop in the bucket. Also cryptocurrency ≠ Bitcoin and I hate how people think the space is only Bitcoin.
Ah yes let’s ignore the tons of energy being used in giant data centers run by visa and Mastercard to operate the payment cards used by billions of people around the world.
“Yeah no.”
You know what happened in USA? A lot of people got their cash stolen.
Your arguments are as coherent as the dissonant “Yeah no.”
Bitcoin uses a massive amount of energy and has neither the transaction amount, nor the transaction speed and a LOT of features missing which visa/mastercard and a normal bank provide.
Losing your key to a wallet? BTC gone
Fraud? Yeah and now what?
Seller or buyer protection? hahaha no
Lets not compare apples with stones okay?
Seller and buyer protection don’t exist with cash either my dude.
If you’re going to compare apples and stones at least do it honestly.
Each payment option has its own advantages and disadvantages, and it’s fantastic that we have the freedom to choose from a variety of products and services to use.
I hated it when PayPal froze my funds and wished there was an option where a middleman couldn’t decide who I am allowed to pay. Then Bitcoin came along. For me, Bitcoin works great. For you, your method of choice works great and I’m happy for you.
Yes seller and buyer protection exists with cash. I pay regularly with cash in a ot of shops.
I wouldn't mind bitcoin if it would actually do the things and has any features besides gambling. And if it wouldn't add additional strain on our planet and the future of humanity.
What do you do with bitcoin? Be honest. Gambling? Do you really have most of your assets (if you have any relevant ones) in bitcoin? Yes? No fiat besides daily use?
Did you get 'rich' from the money shifting from someone else to you?
However the value is as much as people agree to value it and for a typical person both have little utility. Maybe BTC has even more utility because it facilitates remote transfers of value very easily.
So as long as the network exists there is intristic value in BTC. I believe more than one can say about gold.
Still, a good portfolio will contain both gold (in small coins likely as a kind of "war hedge") and BTC as a kind of hyperinflation hedge.
Your gold might give you food, your btc is rotting on some hard disk on a computer you can't / wont use.
BTC as a hyperinflation hedge? We have seen already what happens to btc when money gets tide: BTC drops.
But on the hyperinflation I disagree. Where did we see purchasing g power of btc to drop when currencies experience high inflation?
We have a plethora of opposite examples in various countries, and one very good global example. During covid when money printing was running full steam BTC skyrocketed and kept most of it's value.
There was a panic induced crash initially, but that recovered very quickly. Mind that sadly btc is used for speculation mostly, not as a currency so it is very prone to various panic and euphoria events. Still if you want to use it as a currency (to transfer or store wealth) independently of the banking system it is not bad.
Having said that I'd never put more than 1% of my worth in btc mainly because it's a bit archaic as far as crypto goes.
Not really. Try using gold in retail.
My bank already allows me to keep my bank account money in stocks and sells units whenever I spend. (We have no capital gains tax here, so this is less insane than it sounds.)
We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering checks.
Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.
Nah, you would have a lot more to pay in taxes.
Might as well send it to a dead wallet, it's not real money anyway in many countries as legal tender.
You're right about the taxes, but even after taxes it would still be more than worth your time to exchange for fiat.
Bitcoin is not real money nor legal tender in any country AFAIK, but I don't see how that makes it worthless. You could say the same thing about almost anything that isn't fiat, yet people liquidate non-fiat assets into fiat all the time. I'm not sure how you came to the conclusion that it should all be sent to a dead wallet.
That might be true, but that doesn't matter. In Canada crypto is a barter good, both parties just need to decide fair market value.
How about they use the bitcoin to donate?
Behind the US Dollar is a whole country and a lot more countries if not the whole world.
Behind Bitcoin are random investors, random people.
Bitcoin is also rarly traded directly it uses fiat for most. So Bitcoin is even dependend on this proof-of-stake system.
Bitcoin is a proof-of-work system dependend on the best proof-of-stake system we have.
You just have to be able to sell it for money.