Poll: What will be the fate of Bitcoin in 10 years; in 2034?
- Thread starter cosine
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I'm not that interested in bitcoin/crypto, but I think it will "appreciate" simply due to money printing, but in a manner more typical of etablished markets. (i.e; not that much) I don't think it will ever be accepted by Governments as a currency though, hence it's a bad bet in my opinion.
I agree. Bitcoin and the tons of other cryptos out there have shown that they are at best a digital store of wealth, hopefully out of the hands of the happy merchants.
Here's my problem with it:
- if there is global grid-down, all your digital money is gone or unreachable. This is not as far-fetched as you may imagine.
- it is not being used as currency...or in very rare cases. The whole point is to get around the bankers and their usury, but people treat it like stocks
I would love for it to be widely used and accepted everywhere you go, but I think there is a far greater chance of some BRICS currency achieving that goal, prior to crypto doing so.
Check adoption curves or the power law.
If it went 10x from here, which it surely will by the 2030s, it will have been an obvious, easy investment. And it is.
I think TPTB have both the power and the motive to just start aggressively cracking down on it some day, to make way for their antichrist system currency. They can't totally shut it down thanks to the nature of the technology, but they can make it worthless.
Bitcoin is a really great thing right now if you use it as a stock, and that's exactly why it's so valuable, but that's all it will ever be. It has absolutely no inherent value as far as I can tell, and for it to become widely adopted as a real currency, you would first have to convince the countless boomers and women who do virtually all of the purchasing that goes on in the economy. Both groups are extremely tech illiterate. It's simply not going to happen.
Bitcoin is a really great thing right now if you use it as a stock, and that's exactly why it's so valuable, but that's all it will ever be. It has absolutely no inherent value as far as I can tell, and for it to become widely adopted as a real currency, you would first have to convince the countless boomers and women who do virtually all of the purchasing that goes on in the economy. Both groups are extremely tech illiterate. It's simply not going to happen.
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I don't know anything about crypto, it seems very mysterious to me - almost cryptic in a way....but I guess it comes down to how many bits will be around and how many coins will be around?! If there's some way we can combine the two and fight against global tyranny, we'll be alright.
Posting this here so as not to disrupt the other crypto/bitcoin thread. I only have a passing interest in bitcoin and such but am curious, what do you guys think of this?
My only experience with crypto currency is watching someone sort of "strike the lottery" with some bitcoin alternative. Like a lot of lottery winners, it's not working out too well for him. Haven't observed much else about crypto currency off the internet.
My only experience with crypto currency is watching someone sort of "strike the lottery" with some bitcoin alternative. Like a lot of lottery winners, it's not working out too well for him. Haven't observed much else about crypto currency off the internet.
Bitcoin miners pay for their large energy usage, but the increased demand also needs new transmission infrastructure. My understanding is that new infrastructure gets paid for by all users, so it is partially paid for by the miners and partially paid for by greater society. Society subsidizes some of their costs. This part seems obviously bad to me.
There can be some benefits, for example if bitcoin mining facilities produce their own power, then at peak demand times they may decide it's more useful to shut down the miners for a little while and deliver more power into the grid.
The rules for this are super complicated, and now you have a whole new set of companies that are combination energy and bitcoin.
Texas has a variety of factors that make it attractive to miners, so it makes sense that they would be most affected. Relatively cheap energy, cheap open land for new projects, sunshine, and less strict regulations.
This is trolling? If it isn't, maybe watch some youtube videos and learn?
They're really trying to destroy lives of some people and their property values as well, by setting up their noisy mines right next to residential areas and tormenting residents. Lots of these are owned by the Chinese using US shell companies. Pitchforks are ready.
Texas is already New World-ish Klaush Schwabi-sh place with gazillion of windmills in Western Texas (good luck enjoying night skies with all the lights on top of them, they ruin the skies for dozens of miles if not more from there), solar farms, huge powerlines running all over, next to houses, causing cancer, disease, ruining the landscape and rural ambience, really a Gov Newsom's dream (want more infrastructure?), miners are bad folks here, heavily subsidised by taxpayers, and in general bitcoin high energy consumption is unaccepable, unbelievable waste of energy.
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If you know what BTC is, and what government fiat is and what it does to people, this is BEYOND ridiculous. It's preposterous. It would take an entire thread to show people in a hundred ways how much better life would be without all the things fiat enables government to do. Literally, these posts miss the forest for the trees, beyond being a rounding error of electricity in things they are going to do with energy that is FAR worse for "humanity" (AI and other data centers, etc).
Of course, fiat is evil, and the fact that crypto uses energy is not a big deal. Be that as it may, BTC is still not a real solution to fiat, and it's not a real obstacle for TPTB. It's nothing more than a really good stock to invest in.
Despite the technology being decentralized, it'd actually not be that hard for TPTB to ban BTC if they wished to. They'd just need to go after the exchanges (set up a great firewall, de-bank them, etc) and the hardware (graphics cards, ASICs), which would be well within their capabilities. Even if you have your private keys and whatnot, if you can't cash in or out then it's just worthless numbers on a screen.
Bitcoin only exists because TPTB let it. They see it as useful in various ways. It might even play a role in the antichrist system currency to come. Investing in it is basically a no-brainer right now, but I wouldn't expect it to be a force for good in the long run, nor would I expect it to become anything more than a stock.
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Repackaging of the God-State complex. They can't ban it, since it is only a matter of time that it will resurface and/or be utilized by others, which will then crush the banners and all of their foolishness.
BTC exists, and will exist, regardless of what anyone wants, cares, or likes to do.
The best part of this is that you can be wrong but still not foolish enough to get into it as a long term trade, and benefit. All you have to do is not be so foolish enough to have zero, which is the only thing regarding BTC that people can do that is too big a risk. The only negative of not understanding BTC as well as you should, that is to say your paradigm, is that you won't enhance your life as much as you could have, if you recognized it for what it is.
I disagree, since I believe that others can see the spark of truth that is in the threads that will win out over time, and thus be increasingly convincing with regard to what is currently happening, slowly but surely.
It's the people who deny that when we see the success that we will see, will look back and claim that we didn't "really know" or "got lucky" that are the real problem here. Heck, we already have proven them wrong, and everyone still has a chance to see this and much, much more to come! It is truly amazing to me.
"spark of truth"
You realize both those two paragraphs said absolutely nothing right? If you're going to dispute something said at least say something that has meaning....