Rtroitino

You don’t need a data center to run bitcoin. Anyone can run a node with an old computer.

I know you are referring to miners, but their energy used is just a function of supply and demand.

Study Bitcoin, just as a thought experiment, or to further validate you point of view. ✌🏻

That a lot of people just disregard bitcoin and repeat empty attacks without taking the time to really understand it.

Sad but true

Yes. A house originally built on their land and that I used without paying rent for it for around 80 years. Then 25 years later, when they expanded and remodeled the house I come back to reclaim the house I “built”, without question

The canal was not an expense for the US.

The military bases around the canal were an expense. The canal itself was self-sufficient. The US management was very inefficient and did not used to its full potential. Once it returned to Panama, they have done it a lot better than the US did.

You have become quite a “Crypto Bro”. That’s not my thing, I prefer things that have value :-)

With all due respect, in these most recent exchange, you don’t seem to be open to receive any new information.

And I respect the fact that there is now reason why you need to be open to it.

If you want to keep on dancing on bitcoins grave it’s ok.

You continue to try to mix bitcoin with that other crypto scams. They are not the same and we have discussed this already.

I used to have the same apprehensions that you have now about Bitcoin. which is why I took the time to send you a reply with good intentions, if you wish to ignore it, ok.

I really do hope you take time to learn about bitcoin.

This kind of post usually end up been deleted when they don’t age well.

Good luck with that 👍🏻👍🏻

All other copies fail to achieve the same level of decentralization and fair distribution that Bitcoin has demonstrated over the past 16 years. Its first-mover advantage cannot be replicated.

Unlike premined ‘allocate-to-my-friends’ crypto scams that don’t hold or have any value.

That’s the point. You can copy the code and what you creat won’t be “bitcoin”

BTC will always be 16 years ahead of “the copy”. That could be an issue if time machines comes around.

Not sure I followed your logic here. If they can try to imitate it but can’t capture its value… how is that bad for btc as an asset?

It tells me precisely what I told you.

You can copy the source code and it won’t have the value that bitcoin has. The network effect of 16 years history of a 100% decentralized network can’t be copied. You can try starting one now, and bitcoin will always be 16 years ahead.

If you loose access to your private keys. Nobody can’t move your bitcoin. so they are basically reduced from the supply.

This sounds nuts but is true… guessing a private key is like finding one specific atom in the whole known universe.

Just as a joke… Wrapped bitcoin would fit the current agreed traditional definition of hard money :-).

As it was pointed out before, this already happened several times.

Current prices of the original vs the copies (forks).

That is a good question!

I had the same question when I was a skeptical about bitcoin.

My opinion… the Moat is the way it started and was distributed (not centralized, not premined) and the 16 years of running this way. You can copy the source code. But it won’t be Bitcoin.

And please.. can also agree that crypto is full of scams?

I have only refer to bitcoin in this whole discussion. Let’s keep it about Bitcoin. ✌🏻

Agree. 👍🏻

I did address your elephant. Properties and problems it fixes = value = demand

I would like to hear your opinion on the properties of the asset and problems that Bitcoin fixes as previously explained as a source of value.

Ok, let’s agree Bitcoin does not fit the current definition of hard money.

My point is It doesn’t need to. I have tried to explained why its properties give it value as “money”.

I’m glad we also agree fiat money is not a good store of value.

It could be backed by gold, but you know what happened in 1971 right? Nixon decided to brake that promise.

Which takes us to another problem bitcoins fixes. Now you don’t need to trust that a Government, central authority or third party keeps its promise to back your money.

That was the definition. But the only reason why you need to back paper money was because it has difficult to trade the asset itself. That is one of the problems the Bitcoin fixes. :-) you can trade the asset, not a paper manifestation of the asset.

I respect your opinion, but I’ve already explained why I disagree with your statement.

Bitcoin’s unique properties make it a form of very hard money. Its ability to address modern-day challenges generates real demand and value.

Thank you. That was precisely my point. Glad we agree.

Bitcoin is hard money and is not faith based as your post claimed.

Bitcoin’s value isn’t derived from industrial use but from its unique properties to solve problems in this digital age. It’s hard money.

And yes, if demand (faith) for it is low prices come down. But its design and attributes provide a solid foundation for that demand.

Not really. I didn’t talk about Government. This has happen before without the Government being the cause. Take Rai Stones as an example.

In addition, it sounds like your argument is “because I Said So”… I’m sure is more that that, and I’ll be glad to hearing your perspective

I’m not a “crypto bro” but I’ll chip in my humble opinion.

It’s just economics. Supply and demand.

The current agreed measurement of value is USD$. Dollars are not scarce, they have unlimited supply. Which explain why bitcoin, gold, acre of land increase in value when measured in USD terms.

Broken money is an amazing book. And it really is not a “bitcoin book”. It’s a this is how messed up this system is and by understanding the problem you see how bitcoin helps to solve it.