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Posts Made By:
BrianBacchus
Forum:
Cryptocurrency
May 13th, 2021, 01:43 PM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
There's always a huge amount of hopeful caveats...
There's always a huge amount of hopeful caveats involved with BTC that are necessary to make it function even on a basic level.
The problem with a currency constantly increasing in value is our...
Forum:
Cryptocurrency
May 13th, 2021, 12:51 PM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
Exactly. If people ever actually transacted in...
Exactly. If people ever actually transacted in BTC, they'd have to use scientific notation.
Another thing to consider about how fundamentally flawed BTC is designed: it only goes out to 8...
Forum:
Cryptocurrency
May 13th, 2021, 12:42 PM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
Sure. BTC is capped at 21 million. Once that...
Sure. BTC is capped at 21 million. Once that many have been mined the supply is exhausted. However, its designed to have increasing difficulty to mine each additional block. There's already about...
Forum:
Cryptocurrency
May 13th, 2021, 12:18 PM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
The US Dollar is (very) widely circulated and...
The US Dollar is (very) widely circulated and accepted. It fulfils its purpose as a currency. BTC does not. Not only that, but it CAN'T fulfill that role either. Right now it's too volatile and...
Forum:
Cryptocurrency
May 13th, 2021, 11:26 AM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
"Gold has limited real-world application" ...
"Gold has limited real-world application"
Yes, and if it had to fall back onto only its intrinsic value, that's the rock bottom value of a lump of Gold. BTC doesn't even have that much. But it...
Forum:
Cryptocurrency
May 13th, 2021, 11:07 AM
Replies:
51
How much do you know about Bitcoin?
Views:
8,759
Posted By
BrianBacchus
I mean, even once you research it there's still...
I mean, even once you research it there's still some glaring issues. It's a "currency" that isn't often circulated at all. It's entire existence is basically for speculation. Since it can't rely...
Showing results 1 to 6 of 6
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