I think it's in response to some of the condescending nature of past conversations about this. People wanna be smartasses when people have an air of superiority. I'm in the banking industry and i find it an interesting topic but also want to be able to talk about it in a lighthearted, and respectful way. Cause i don't know shit and don't need someone making me feel like I'm stupid because i don't know. Ya hear? Anyways. Das my 2 cents ✌🏻
No one was coming at you like they know shit though. All I was saying from the get-go is that everyone I've come across that talks about Bitcoin is rude af about it, and you then were rude af about it. You are not the only one. Tell that to every other person I've come across on the internet that advertises Bitcoin. Y'all are seriously giving it a bad reputation
Humans might be extinct in a few decades. Earth will likely live a lil longer 👀 if you're talking about all the nuclear bombs that could potentially destroy the planet, I don't believe any country would actually do that. The rich ppls in power who have access to that stuff wanna live.
I always really like watching the video below because it shows that even though humans fucking suck, the Earth will reclaim itself eventually.
Im always down for a lighthearted, respectful discussion. Its.will be interesting since u are from.banking industry
Well.maybe if u .try to counter my argument by staying in the topic and not.make.personal remarks, things could be different
I was never making a personal remarks at you specifically. I was being completely general, in response to the comment Gummy Bear made. You came in and started making things personal by calling me ignorant, and in the process made my words personal to you because you made the shoes fit. I was not trying to argue at all and was simply making an observation. There was nothing to counter because you proved me correct. I have no interest discussing it with you, and will continue to hope that someone that advertises Bitcoin will eventually be decent enough to practice basic respect to the general population that does not know much about Bitcoin. Bitcoin is still clearly very niche, and it will not gain in sufficient popularity like the goal you and many others have if you continue to belittle the people that do not know about it. Have a nice night, and I hope you seriously think on this critique. If you ever reach the point where you are able to hold a mature conversation about Bitcoin without being condescending, I'm sure you'll do a great job at persuading others since you seem to be very passionate about the topic. Just remember: You attract more flies with honey than you do with vinegar.
Tbh i still don't know shit about currency fluctuations, along with many other systems within the banking industry. It seems to stem from a lot of politics which i find hard to follow. Regardless. I'm curious as to how my currency could possibly shit the bed. Cause i think that is one of the main things a lot of Bitcoin enthusiasts tend to stress, is the importance of buying Bitcoin because common currency's are unreliable.
1. Any currency issued by governments and central banks come put in the market as loan. E.g lets say fed prints fresh $100k, the govt or commercial banks borrow it, interest starts accumulating, the commercial banks further lend it at interest, which adds to the interest money earlier. But the heard cash available in the market is still 100k, and now the total.owed to fed keeps going up. We never had that extra interest money, all we have is the initial 100k printed by the fed. So there will always be this imbalance of more money owed than is actually available and people will keep going bankrupt. 2. Youre in the usa which is a complete debt economy. Ever since we left the gold standard usd has gone down by 90% in terms of purchasing power, like every other currency. The game being played here is that every country devalues its currency to report better trade balance and shit, which means the purchasing power of your money is going down constantly. 3. With the trade war, and the tariffs imposed by u.s on chinese goods, the cost is being transferred to your own citizens. That coupled with recent rate cuts by fed, is about to unleash a high inflation on yalls asses. That will mark the beginning of next downturn. 4. Last but not the least, with no gold standard in place, every country is free to print as much currency as they want. Now with more and more currency being printed, inflation goes up and your currency becomes less valuable. These are some of the basics. All the above factor hurts peoples sentiments and ppl are gradually starting to lose trust in govt bonds and their currency. What gives money value is the trust people have on it. You could read about argentina and zimbabwe. In our earlier downturns we never had an option, but this time we do, and its bitcoiN. I had posted a thread on bitcoin earlier which u could read as well
@Brick Okay. Okay. The funny thing with USD that I'm seeing is there really isn't a whole lot of fluctuation with currency rn. And with what you are saying, shouldn't there be a more steady decline? I know from being in Canada our currency hasn't been at par with USD since like 2008 or something. $1 CAD is still worth about $1.35 USD and that has been pretty steady for the last few months now with it fluctuating between 1.41 and 1.34 approximately. It seems confusioning but maybe it's just something I'll have to research. Also. Being the old lady that i am, if i were to ever buy Bitcoin, where is it housed? My bank keeps my money safe and with CDIC and other Deposit Insurance Corporations how would that work? I'm not rich, by far. But in the case of my financial institution closing down, I'm cover for up to 100k. Some other deposit insurance corps are higher than that. If Bitcoins that are purchased can be hacked and depleted, and if the losses not covered i wouldn't feel safe about that. What kind of chances are there for incidences like that?