Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”

Discussion in 'Crypto Assets' started by Frederick Foresight, Aug 18, 2022.

  1. johnarb

    johnarb

    There will be an 8th, 9th, 10t... 100th ATH

    Bitcoin will keep going up forever, Laura. Forever!!
     
    Last edited: Aug 19, 2022
    #31     Aug 19, 2022
  2. Baron

    Baron ET Founder

    Which books have you read on the subject that you don't understand?
     
    #32     Aug 19, 2022
    johnarb likes this.
  3. Pekelo

    Pekelo

    It is very simple. If you think an investment will go up because there is an underlying value to it that is not greed. That is common sense investment, even if you are wrong.

    When you are buying into the hottest stock like BBBY or latest NFT although there is nothing indicating an actual, reasonable value to it, that is greed. I am not saying that can not make you a profit, but your decision was based purely on greed.

    Another difference is the expected realistic return. If you expect your investment to return 20%, 50%, even 100%, that can be realistic. When you think your crypto holding is going to give you a 20 bags return, that is just greed.

    ...something, something, pigs get slaughtered.
     
    Last edited: Aug 19, 2022
    #33     Aug 19, 2022
  4. None. Like Trader Curt, what (little) I know I read online. Hardly sufficient, to be sure, but the fantastical premise and the cautionary notes by those far smarter and better informed than I am made it a nonstarter for me. But that's just me. I think I would do well to stick to my knitting. Admittedly, I'm not as adventurous as some of you folks here.

    What books have you read on the subject?
     
    #34     Aug 19, 2022
  5. easymon1

    easymon1

    So, what's the Short List of Reasons Why that guy bases his "should" on?
    That article come from GWB? He posts those novels too.
    Cliffs notes, if we wanna know more, leave the link.
    Those long ass articles with no summary promote doubt that the poster even read the damn thing. Long ass non summarized articles?

    Everybody knows...

     
    #35     Aug 19, 2022
  6. Baron

    Baron ET Founder

    Ok.

    You literally just defined crypto as a digital casino and then created a claim out of thin air that it's delusional to think a digital casino is a "world-transformative milestone technology". Nobody called it a digital casino to begin with except for you. It's like you're arguing with yourself that your definition is terrible. :banghead:
     
    #36     Aug 19, 2022
    johnarb likes this.
  7. It is an article I found worth reading. Would not have shared it otherwise. I try not to post what I don't read. If you can manage to herd the squirrels in your head for a few minutes, you might want to give it a read.
     
    #37     Aug 19, 2022
  8. Baron

    Baron ET Founder

    Some right off the top of my head...

    Programming Bitcoin
    Bitcoin: Sovereignty Through Mathematics
    Cryptocurrency DeFi Guidebook
    Mastering Bitcoin
    Layered Money
    The Bitcoin Standard
     
    #38     Aug 19, 2022
    johnarb likes this.
  9. That's not an accurate assessment of what he wrote. It is nothing like him arguing with himself. He is simply arguing his point to a conclusion that you don't agree with. No internal inconsistency that I see.
     
    #39     Aug 19, 2022
  10. easymon1

    easymon1

    Spare me, what is the conclusion for the reason that the subject should "die in a fire"?
    Should roll right off the top of your mind, sir.
    Name three.
     
    #40     Aug 19, 2022