http://www.cnbc.com/2017/07/26/bill ionaire-investor-marks-w

For now he is right, but soon when several platforms are launched in which the cryptos have more acceptance and movement he will be seen as an idiot who lost the tram of history.

>>2890121
the double think here is astounding.

he sounds scared shitless, would actually buy more btc if I could

>>2890121
Gee and all these guys and banks and what not were sure right about the economy being at its highest stability back in 2007!

Television: Just a fad.

Computers: Never going to achieve mass adoption due to size.

Internet: For nerds.

De facto currency of worldwide shadow economy: Just a fad or even a pyramid scheme.

Right. As long as bitcoin (and to a certain extent Monero) remain the inofficial currency of the darkweb, it is backed by a market that even surpasses that of the US dollar.

You're a walking anachronism, old man.

>>2890132
Hahahaha

You think the federal government will let people use bitcoin as money? Maybe if only a few small vendors use it, but if it gets even remotely popular the feds will pass a law making sure crypto cant be used as payment thats like letting people in the U.S. use the Euro ffs.

>>2890121
lots of coiner delusion ITT

I wonder at what point you'll panic sell when this crashes

Well he's right as far as most cryptocurrencies being garbage. BTC and a few others actually have value as a medium of exchange.

>>2890275
>survivorship bias

for every invention you listed there were 50 that were massive bubbles and or crashed and burned

>>2890310

I agree with most being garbage, but far from all strive to only be used as a means of exchange.

Failing too see the real world application of blockchain technology for things other than to act as currency is a sign of not even having a basic grasp of it.

>>2890329

Boom and busts are inherent to capitalism.

Doesnt change the fact that the inventions listed have become an integral part of our economy and everyday life.

>>2890373

Right... but he was not arguing against that. He is saying that it is more probable statistically that bitcoin will be a bust and those inventions you listed are in reality just outliers that are an inaccurate representation of likelihood applied to crypto. You should read thinking fast & slow by daniel kahneman

>>2890454
>Right... but he was not arguing against that. He is saying that it is more probable statistically that bitcoin will be a bust and those inventions you listed are in reality just outliers that are an inaccurate representation of likelihood applied to crypto.

Probability comes from incomplete information. You're treating bitcoin on the same footing as ANY invention, you're saying it's more probable bitcoin will be a bust simply because most inventions are a bust. That's such a poor reasoning. How about you consider the technology behind bitcoin and its potential in relation to societal and practical issues, now bitcoin going bust will look a lot less probable. It isn't mostly chance that makes one invention succeed and not another, it's a lot to do with what the invention itself is.

>>2890292
thats the point shithead. Its like piracy, they can make it illegal but that does not stop people in anyway.

>>2890454

The subject of this discussion is the claim that "digital currencies are fads or pyramid schemes". By saying this, he is not targeting a specific crypto, but the whole thing in it's entirety.

So i completely disagree with your sentiment that the listed inventions are inaccurate representations as i am not mentiong specific brands or companies, but an invention turned innovation as a whole.

>>2890121
Jew/10

>>2890564
Your beyond stupid. How are companies going to use it if they wont be allowed to?

Transaction between consenting individuals, sure they cant really stop that. But, thats pretty much useless and wont ever gain popular adoption.

>>2890717

Companies will just end up moving to places where they can use it, or else they'll be driven to bankruptcy by companies operating in places where it is legal.

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>>2890121
>"Invest your shekels into the American Dollar, goyim. It's real money and it has real value"

Here we goy again. Another jew scared for their life.

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What a fucking idiot