Tyler and Cameron Winklevoss, the billionaire twin brothers who co-founded the cryptocurrency exchange Gemini, said they each donated $1 million in bitcoin to former President Trump. “Over the past…
No one needs to be educated on Bitcoin. It’s like 15 years-old, raises electricity bills, enables organized crime, and is too volatile to be a currency. Developers know blockchain is too slow to ever be valuable beyond a few very niche use cases. What else is there to learn?
If anything, Bitcoin fans need to be educated on economic history — maybe start with the free banking era — so they’d know why central banks were created in the first place. But to do that, they’d have to read real textbooks instead of screeds containing dozens of long discredited economic theories. It’s just a modern version of right wing goldbuggism.
15 years is pretty new in terms of assets. Of course it’s going to raise electricity bills, it uses electricity. All currency enables organized crime.
Are you a developer? We can take this to the technical level if so, because I am, and I’ve studied the code and cryptography. I have answers for all of your inquires if you approach this topic with an open mind.
The economic history is the most important part - I agree. Do some research on the history of currency, how it developed, where paper money came from, and how that turned out. Then we can talk some more if you want.
No one needs to be educated on Bitcoin. It’s like 15 years-old, raises electricity bills, enables organized crime, and is too volatile to be a currency. Developers know blockchain is too slow to ever be valuable beyond a few very niche use cases. What else is there to learn?
If anything, Bitcoin fans need to be educated on economic history — maybe start with the free banking era — so they’d know why central banks were created in the first place. But to do that, they’d have to read real textbooks instead of screeds containing dozens of long discredited economic theories. It’s just a modern version of right wing goldbuggism.
15 years is pretty new in terms of assets. Of course it’s going to raise electricity bills, it uses electricity. All currency enables organized crime.
Are you a developer? We can take this to the technical level if so, because I am, and I’ve studied the code and cryptography. I have answers for all of your inquires if you approach this topic with an open mind.
The economic history is the most important part - I agree. Do some research on the history of currency, how it developed, where paper money came from, and how that turned out. Then we can talk some more if you want.
Just out of curiosity, are you old enough to have or remember multiple forms of dead media (digital or analog)?
This, along with nefarious actors (state or otherwise, like Musk with dogecoin even), have kept me skeptical of crypto currencies.