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6,569 Posts.

11

03/01/18

06:07

Post #: 29998052
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Originally posted by dumbo91 ↑

Bitcoin is a crap investment. They're suppose to be a currency but they are almost entirely useless as a currency when fees skyrocket and processing times become worse than snail-mailing cash to someone, the second people try to actually use their bitcoins. They cost an immense amount of electricity to keep running, thus I'd argue their intrinsic value is negative due to the cost to society. They're useless as an anonymity tool because you have to fork over your ID to exchanges to get them and every single transaction is recorded on the blockchain.

Maybe cryptocurrencies will achieve usefulness in the future but bitcoin and from what I can tell, most of the others are total crap and it is not surprising the mania is coming to a close. It was all irrational investing based on memes, dreams of lamborghinis, and libertarian idiocy.

I made a small amount of money off it though so I can be happy about that at the very least.

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livingroomofsatoshi just saying
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