aiccount

joined 1 year ago
[–] aiccount@monyet.cc 1 points 7 hours ago

You caught me, I'm an evil bot that has been programmed to evilly trick humans into doing things that will make them money. Over 99.999% of people who have bought bitcoin and held onto it are profitable. Ooooooo scary!!

[–] aiccount@monyet.cc 1 points 7 hours ago

Lots of people spend currencies that go up in value. Believe it or not, people sometimes want stuff now instead of the possibility of stuff later.

[–] aiccount@monyet.cc 0 points 21 hours ago (1 children)

It is steadily growing over time. There were people who ridiculed it and said nobody would ever want it, and it would never be worth a dollar.

It makes sense that you didn't know what a Satoshi is. In fact, you may still not know what it is. There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.

Yeah, there have been lots of predictions for bitcoin and people trying to guess specific time periods. I don't get into all that.

I just think it is badass to be able to hold value in something that nobody can counterfeit, I can instantly and privately transfer it. I can use it on amazon, Walmart, airbnb, Expedia, and a bunch of other places. I can carry it on my phone with me and protect it even from physical phone thieves. and on top of being totally awesome, it has steadily gone up in value as more and more people all over the world realize how cool it is. It is like an awesome game of spoons where we all end up winners because we all have a much more convenient form of money.

[–] aiccount@monyet.cc 0 points 21 hours ago (7 children)

The people who use bitcoin think in Satoshi now. There are many wallets and exchanges that allow you to denominated in sotishis. mBTC is another common denomination that people use and think in.

It is true that bitcoin is starting out volatile, but it is still so early when you consider how long major currencies usually last. Things should settle down more and more as it becomes a larger and larger percentage of the economy. I bet gold probably started out pretty volatile, considering some people knew to value it and others didn't.

[–] aiccount@monyet.cc -1 points 2 days ago (3 children)

People already think in Satoshis. It has been this way for many, many years.

[–] aiccount@monyet.cc 1 points 2 days ago

The lightning network on bitcoin is where most people should be transacting with bitcoin. It won't fill up with any number of users, transactions are instant(less than a second), and very cheap(even when bitcoin fees are high). Nearly everyone who talks confidently about how bitcoin can't scale is unaware of lightning and other developments over the last 5 years.

[–] aiccount@monyet.cc 0 points 1 week ago

Their beepers DID go off.

[–] aiccount@monyet.cc 0 points 3 weeks ago (1 children)

Clearly, climate change is on the rise. It is absolutely a fair price to pay for all the advancement. For almost all of history, we were dying under 30 years, we are close to triple that thanks to technology and all signs point to lifespan increasing. For pandemics, even if we outrageously compare just the number of deaths, not even percentages as we should, many pandemics of the distant past were way way worse than the only one almost all of us have seen in our lifetimes.

https://www.visualcapitalist.com/history-of-pandemics-deadliest/

I know you have it in your head that technology is evil or whatever, but that falls flat when you look up the numbers you are so afraid of. You are like a teenager complaining about how awful their parents are when literally everything you love and enjoy has come directly from them. I would not be surprised in the least if you are a literal teenager with how little you have heard about history.

 
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