If you truly believe that Bitcoin will have taken over in 5 years, and whoever has Bitcoin will rule - why would you ever write an article like this to try to persuade other people to buy Bitcoin? Seems like the main effect this would have it it’s successful would be to raise Bitcoins price which seems counterintuitive if you’re actually trying to get as much of it as you can instead of just trying to dump it at a higher price 🤔
I mean..the fork was technically heretical. The pope had to clear it.
Coffee was 'the devil's drink' until the pope went 'nah, dog'.
The car? Okay, you can argue that.
The airplane? ...not quite.
The tank? ...er, not...quite..
If coiners spent as much time coming up with new applications for blockchain tech as they do coming up with excuses and rationalizations, they probably wouldn’t need to do the latter. They keep saying that it’s like the early internet and it’s not fair to criticize it for still being useless, but they’ve had, what, 10 years?
There will exist a fairly large group of Bitcoin Billionaires and Trillionaires, so called “whales,” in all the currently existing advanced economies of the world. These people will control all the power because they control Bitcoin.
So all the governments and armies are going to roll-over for early buttcoin buyers?
> For those who don’t know, ZeroHedge is mostly posted on by the burnt out wing of institutional finance under the consistent pseudonym of Tyler Durden. It’s not all the same person.
As I understand it, when the site was founded it was one or two dudes working in finance on Wall Street and blogging anonymously.
Because of their roles, the site had a lot of interesting gossip mixed with genuine technical insight.
But at some point it basically turned into just another blog aggregator, similar to HuffPo, but with an obvious combination of "doom and gloom" plus "pay me to invest your money" tactic.
Basically every other story is *"The sky is falling and you're going to lose all of your money. Pay me to invest it for you or else you're fucked."*
Your making progress lad, keep on researching. You'll see the bigger picture soon enough. Keep questioning and taking it a step further. Admit it folks, it's nice to see the nextgen slowly come around!
Taking it to its logical conclusion, the adoption of Bitcoin as a store of value and a means of exchange will literally destroy the existing banking and financial system as we know it. It is inevitable. Nothing can stop Bitcoin.All current assets owned by people across the globe will become worthless.
EVERYnew technological development throughout mankind’s recorded history has been met initially with derision, protest, incarceration, torture, death, and sometimes war.
And of course, the entire cryptocurrency ecosystem is a cesspool of fraud and scams, backed by nothing, with no rules, regulations, or oversight, run by felons and criminals and fraudsters and con artists, and this makes Bitcoin and all other cryptocurrencies the subject of universal scorn and derision.
> EVERY new technological development throughout mankind’s recorded history has been met initially with derision, protest, incarceration, torture, death, and sometimes war.
I still remember the Facebook wars of the early 2000s - so many lives lost! And who can forget the many people incarcerated, tortured and killed over their use of in-car GPS. It's a wonder people adopt technologies, with all the inevitable associated carnage.
Yeah, yeah, some day the Bitcoin Billionaires and Trillionaires (what ever that means, probably the ignorance of the author to Bitcoin's 21Million cap; Richness measured it USD when USD is no longer used) will meet and impose some tax on any transaction to redistribute the wealth to "how it should be" or how it was!
Sorry, that is such a BS statement it boggles the mind.
Nobody will meet.
No redistribution will be agreed upon.
No tax will ever be applied on Bitcoin on the protocol level. And if some try to: enjoy your own little network.
If Bitcoin succeeds and you don't own any, no one will hand them out to you.
I'm still a bit stunned about the advanced level of delusion some butters have accomplished already. How far away from reality can someone get by staying in the echo chamber? It's like a real life psychological experiment, would surely be interesting to have a serious study about butters. Ok he said 5 years from now, let's see if he's going to eat some of his less important body parts then following a good butter tradition.
Meh go read the bitcointalk forums from 2011. Butters were saying this EXACT same shit back then. 5 years came and went. Only thing that changed was the scam participants. But the playbook stays the same .
Where ever you pick up in the scam, whatever price or level of "adoption" you buy in at, the playbook is the exact same. It always has to be much higher. It always has to be much more popular. Until then, it's in its "infancy." 5 years later, the new people will be saying the same thing. It's a self-resetting headless ponzi.
The snake oil part is to always make promises about what it will do "in the future". The 2011 bitcoiners would be STUNNED if you told them it was worth 5,000 each. The current2019 bitcoiners tell you that 5,000 is nothing and it's worth a million each.
This continues on and on with never an actual economic use to be seen. u/endless has just been telling me about how it needs to be $1 million per coin.