Quote:
Originally Posted by Wayne 962
Right, I get that, but Coinbase is to Bitcoin as PayPal is to dollars and Euros. When you send someone funds with PayPal, they don't actually transfer dollars or Euros - the reconcile internally - just like Coinbase does. I.E Coinbase is extremely similar to PayPal? I'm just curious, if holding Bitcoin in something like Coinbase, how is that different than holding US dollars or Euros in a PayPal account? The only advantage/difference I can see is that one capitalizes on the speculative appreciation of the crypto currency? Nothing wrong with that and all the power to people risking and investing in it - if they succeed, then I'm happy for them - that is what makes capitalism great. But, then all of the discussion about how Bitcoin is the next best thing and all of its built-in advantages - those seem to be negated by the fact that Coinbase is used as an intermediary?
Don't know. Again, I think the future holds something more advanced than Bitcoin 1.0.0. 
-Wayne |
You are playing with your erector set again.
Your analytic gets caught up in the minutia of the visceral reality. Look deeper into the primal causation of human behavior. Staying superficial keeps one from looking into the abyss..where one finds oneself staring at a barbaric little monkey with pretensions of being civilized in the mirror.
Push comes to shove Bit Coin doesn't even amount to a joke..it is a pretense..a fiction, an illusion or as Elan said on SNL a HUSTLE.
Give me sumthin TANGIBLE..that I can hold in my hands..
When the Guber mints passed the 1.9T Merican Recovery Act the USD WOBBLED...that is the core reality..people got spooked and started looking for an exit from the USD. Put that in your fkin bank as a core reality..
Let us deal in core realities and not this superficial visceral crapola...
Everybody is scared shyteless..and are run running around like ants on a hot tin plate looking for an island of safety..it is maniac behavior..there is no safety, you is along for the E ticket ride at Disneyland..
Don't you Boyz get it..You already have lost everything. There is no viable alternative to the hegemonic USD. Nothing can take it's place, and as such the Global economy of scale without that foundation of the USD is moribund.
Since 08 the rug has been pulled out from under you and every conventional wisdom in your bag of tricks.. It is in payment of 50 years of fiscal and monetary excess...and the dum fks say, "We can afford it..." Why do you think that evey trick in the bag has failed? And you are seriously contemplating Bit Coin.
It took roughly 160 years to build the trust in the USD to make it globally hegemonic. Solid as the Rock of Gibralter..and 50 years to fk it away. You are living in a BK nation and BK world and you ain't facin the facts that are staring you right in the face. You gots this delusion of Bit Coin...
The Chinese have been lookin to get away from the USD since 09.. the rest of the world is now starting to unload...the day that become a deluge is the day the illusion of being wealthy evaporates and you are plunged into abject poverty. one and all.
It is not a date and time situation, but when the process gets to a point..a time is an arbitrary notion..or as some have pointed out a Swiss confidence game.