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Sal VJ
Dec Member 2023

Sal VJ

Posts: 21,325 Opal Posts by user Forum Profile RuneMetrics Profile
Bobhaz said :
what gives? is it all a scam or is it potentially a good investment or something

anyone play with it at all
It's unreliable, now.

More than 10 years ago, very few people imagined that a single white paper about an electronic ledger system coupled with a weird sort of cryptography on that very ledger system (it's technical, get off my ass) would result in Bitcoin's astronomical growth and establishing the misnomer "cryptocurrency" concept.

I sorta have, like a lot of people who know about it, that annoying "what-if" fantasies about investing when a single Bitcoin was less than 10 cents in the early days, and I did know about it, in the early days from, other, not-nice sites. It has been used, for most notable transactions, for illegal activities to cloak the transfer of wealth, at least in the early years. I can't really say how it has been used nowadays, but I suspect that has remained unchanged.

Bitcoin, for what is worth and given its severe limitations, was the first attempt at a decentralized currency.

We can learn a lot about how decentralized currency might & can function, instead of the centralized banking bullshit of today.

My personal opinion is that I want to invent a time machine and go back a decade, or so, and buy about 1,000 bitcoin or whatever for close-to-nothing and sell it again when it mooned in 2018, for a hefty profit. But now? Fuck it. Plus, it's not exactly liquid wealth, you can't easily convert Bitcoin into readily available "standard" currency, like $.
Never drop a valuable item.

Ikki blaka niður virðismikil ting.

30-Oct-2020 02:42:50

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