Baron's Crypto Trading Journal

Discussion in 'Journals' started by Baron, Oct 5, 2021.

  1. Then how can you make a point for btc given their extremely limited supply and highly questionable means to verify blocks?

     
    #331     Jan 28, 2022
  2. Baron

    Baron Administrator

    What do you mean by "highly questionable means to verify blocks"?
     
    #332     Jan 28, 2022
    johnarb likes this.
  3. Basically running gimmick calculations to solve some cryptographic problems to attach some artificial value to the maintenance of the blockchain when this can actually be much more easily solved.

    My main question, however, deals with the tight supply of btc. How makes this a crypto that is marketed as mass adoptable unless of course we talk about a btc value of multiple hundreds of millions...the only thing that keeps up the value is the sheer belief in it. While with fiat currency in stable and large economies at least an entire economy would go back to the stone age if it's government and monetary authority reneged on its promises to uphold its value. At least it takes a similar amount of years of average salary to pay off a home with fiat currency now than it took 50 years ago. Perhaps a little longer now but not 100 times as long which would suggest inflationary loss of value of that fiat currency.

     
    Last edited: Jan 28, 2022
    #333     Jan 28, 2022
  4. destriero

    destriero


    You don't trade size. It's absolutely transparent from reading your last.
     
    #334     Jan 28, 2022
    Baron and johnarb like this.
  5. ;-) TGIF mate.

     
    #335     Jan 28, 2022
    destriero likes this.
  6. Baron

    Baron Administrator

    I might need somebody to interpret his post. I think he's been at the pub too long tonight.
     
    #336     Jan 28, 2022
    johnarb likes this.
  7. It's ok you don't want to address those questions ;-)
    Have a nice weekend

     
    #337     Jan 28, 2022
  8. Overnight

    Overnight

    What he means is that you are pulling a RainMaker3000 on your refuting Baron's belief that cryptos can be a store of value, and can appreciate in value over time.

    You'll eventually understand what that means. Read some more forum.
     
    #338     Jan 28, 2022
  9. Appreciate in value? Why not...anything can appreciate in value. I never questioned that. And I get that someone who is a diehard believer sometimes feels antagonized when someone questions his beliefs, especially when a bit of sarcasm is added on top as I probably did and for which I apologize. Though how bitcoin can ever find broad adoption with such limited supply and why going through all the hoops of solving difficult cryptographic problems when those are actually not needed, neither for the maintenance of the blockchain nor for the processing of transactions, all those were honest questions.

     
    #339     Jan 28, 2022
  10. Overnight

    Overnight

    Your questions are honest, but the premise seems flawed. What you call "cryptographic problems" is the essence of the entire blockchain project.

    Are you insinuating you have a better solution to BTC and the blockchain issue you see in your mind?

    If so, let your readership know here, in this thread! I am sure they are keen to listen.
     
    #340     Jan 28, 2022