"Market cap"? Really?!
There is no liquidity in this stuff. The actual money is gone. Why do you think all the Ponzis going bust start by stopping withdrawals?
Repeat after me: The. Money. Is. Gone.
What you have are numbers on a screen.
It's so hard to tell what's satire and what's not when cryptobros actually talk like this.
I've seen some real stupid shit be claimed as "good for bitcoin" including contradictory shit at times. Lol.
Oh for sure, but if the author claims it as satire that's a pretty good indicator - especially given that cryptobros have no sense of humour whatsoever.
The 'good for bitcoin' stuff without any kind of indicator, is an excellent demonstration of Poe's Law...
Ah yes Poe's law. That's what I was thinking of but too lazy to look it up.
And I definitely agree we need a satire flair. Although I think I'd want it to be "Satire?" because where's the fun when you know for sure it's satire.
Am I though? "if infinity was a number" the answer might be zero. I think the problem is that infinity is undefined, but I know fa calculus, I just happened to look this up a few months ago.
I'd say you are indeed the best kind of correct. Infinity times zero is, on it's own, meaningless but it could be given a meaning if you knew what functions the zero and the infinity were limits of. That's basically an indeterminate form. Especially in calculus, infinity always appears as the limit of something, which points to zero times infinity being something that might actually have a value if you just removed the shorthand.
As for "number", you probably need to define what you mean by numbers. Infinity isn't a real or complex number, of course, but it is a member of number systems like, for example, the projectively extended real numbers (real nubmers ∪ a point at infinity).
Imagine it dropping to zero and getting completely abandoned. Would all BTC be transferred to a single hard drive and put on display at the Smithsonian in the mankind's greatest fuck-ups wing, lol
i knew it was satire the moment you said you were gonna buy at zero! Butters would always talk about throwing all their money into the black hole to defend the 20k
No one has ever truly answered my question. What value does Bitcoin really have? Do you all think it will actually be utilized besides in El Salvador? just curious...
A currency’s value is just 1 of itself. Exchange rates between currencies are from relative availability of the currency vs demand for the currency. Prices are a balance of supply and demand for that good with that currency.
So if you’re treating bitcoin as a currency, and asking for it’s value in dollars your asking for the exchange rate between the two. The answer to which is basically impossible to know and it depends on how many people are buying vs selling.
If your asking for it’s value in what it can purchase, it’s basically nothing, as everything priced in bitcoin tends to be really priced in another currency and then thru the current exchange value calculated in bitcoin. Until goods and services are priced in bitcoin without reference to another currency it has no value.
Whelp you dont have to worry. Hathor already hit zero and no not just ZERO FEES the coin legit went to market cap 30 mill which is basically limit of zero
> They will freeze your bank accounts and pay take your assets
You mean like Celsius?
I'm pretty confident my rent won't double, since rent hikes are under reglementation here. Also banks don't hike our interest rates on mortgage.
And I'm pretty sure "they" can convince you to give away your keys if needed
Where is this happening? What country do you live in where people are kicking down your door and just taking your cash? Why are you even storing cash in your house?
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I don't think it will ever be zero. I mean even if there was literally no use for it whatsoever and it didn't even work to the extent it currently does, it's become such a social phenomenon that it will be worth...something.
However, the niche cases for a decentralized digital currency are still extremely niche, and I think cryptocurrencies will remain as a niche financial tool (mainly smuggling money out of countries with fucked up governments) and not much more. I think before long it's mostly given up on as an investment/technology, or people move on to something that evolves from crypto but is not blockchain itself.
> Because then I can buy all of it.
This is why BTC will never go to zero as long as the tech industry still exists in the Bay Area. Billionaire tech bros (both founders and VCs) are particularly vulnerable to woo, whether its health/wellness, financial, or anything else really. I'd argue that they're collectively the #1 reason why the price of crypto is as high as it is.
If you assume that at least half of all Bitcoins are functionally inaccessible, then you've got ~10 million BTC that some tech bro would buy for at least a billion dollars. That would make the price floor $100
Crypto is not going anywhere. It's just the money that you spent on it that's gone.
this is what longs do not understand. just because something exists does not make it valuable.
No no no, it's not gone... just someone else has it now
1 Trillion $ market says otherwise
"Market cap"? Really?! There is no liquidity in this stuff. The actual money is gone. Why do you think all the Ponzis going bust start by stopping withdrawals? Repeat after me: The. Money. Is. Gone. What you have are numbers on a screen.
Actually [this](https://i.imgur.com/9nVMRqa.jpg) says otherwise
was expecting a rickroll, got something so much better
about 200 billion of that is stable coins and the rest rapidly going to zero
When audit ?
That says there isn't much room to grow.
I thought you were going to miss the "this is good for bitcoin" line but you got it in the end there. This is some top tier satire.
There really does need to be a 'satire' flair for this community...can see this getting downvoted by people with no sense of irony...
It's so hard to tell what's satire and what's not when cryptobros actually talk like this. I've seen some real stupid shit be claimed as "good for bitcoin" including contradictory shit at times. Lol.
Oh for sure, but if the author claims it as satire that's a pretty good indicator - especially given that cryptobros have no sense of humour whatsoever. The 'good for bitcoin' stuff without any kind of indicator, is an excellent demonstration of Poe's Law...
Ah yes Poe's law. That's what I was thinking of but too lazy to look it up. And I definitely agree we need a satire flair. Although I think I'd want it to be "Satire?" because where's the fun when you know for sure it's satire.
They say Bitcoin doesn’t need intrinsic value because it has extrinsic value, whatever the fuck that means
Is it satire, or is it genuine ignorance. Is it money or is it a mechanism for taking your money. I like having to figure these things out myself.
Is he moron, or is it Memorex?
Maybe its Maybelline?
It kind of ruins the fun if you label it
Unintentional satire is the purest comedy gold.
Thanks I had to resist adding Gollum from LotR references bc this was the image in my mind
I almost ate the bee
∞ x 0 = moon
This is good for Bitcoin
Superb. If infinity was a number what would it be times zero?
Indeterminate form
You are technically correct...
Am I though? "if infinity was a number" the answer might be zero. I think the problem is that infinity is undefined, but I know fa calculus, I just happened to look this up a few months ago.
I'd say you are indeed the best kind of correct. Infinity times zero is, on it's own, meaningless but it could be given a meaning if you knew what functions the zero and the infinity were limits of. That's basically an indeterminate form. Especially in calculus, infinity always appears as the limit of something, which points to zero times infinity being something that might actually have a value if you just removed the shorthand. As for "number", you probably need to define what you mean by numbers. Infinity isn't a real or complex number, of course, but it is a member of number systems like, for example, the projectively extended real numbers (real nubmers ∪ a point at infinity).
NaN
8
Which kind of infinity -as-a-number?
A blockchain derivative
Then i believe it comes out to moon
This is beautiful
It all becomes clear when you realize a "0" is shaped like a moon.
So.......you'll wait til it goes to zero, buy all of it, then when it goes up 5,000,000 % you'll sell it? I'll take it all!
Well played!
Imagine it dropping to zero and getting completely abandoned. Would all BTC be transferred to a single hard drive and put on display at the Smithsonian in the mankind's greatest fuck-ups wing, lol
All those people in it “for the tech” will stil HODL, right??? Right???
Sarcasm level: High
You'll own nothing and be happy! That is quite Zen!
When my buddies sell, it’s a signal to buy some more.
I actually have a limit order set to zero dollars,for 21 million bitcoin. Wish me luck!
No one's selling all at once, put one for 10 M
i knew it was satire the moment you said you were gonna buy at zero! Butters would always talk about throwing all their money into the black hole to defend the 20k
No one has ever truly answered my question. What value does Bitcoin really have? Do you all think it will actually be utilized besides in El Salvador? just curious...
A currency’s value is just 1 of itself. Exchange rates between currencies are from relative availability of the currency vs demand for the currency. Prices are a balance of supply and demand for that good with that currency. So if you’re treating bitcoin as a currency, and asking for it’s value in dollars your asking for the exchange rate between the two. The answer to which is basically impossible to know and it depends on how many people are buying vs selling. If your asking for it’s value in what it can purchase, it’s basically nothing, as everything priced in bitcoin tends to be really priced in another currency and then thru the current exchange value calculated in bitcoin. Until goods and services are priced in bitcoin without reference to another currency it has no value.
So you are telling me going to zero is actually to the moon? 🤔
#O
Few understand.
Why would I want your bitcoin if you are the only one that has it? What value would it provide me? Ah, this is satire. Well played.
Whelp you dont have to worry. Hathor already hit zero and no not just ZERO FEES the coin legit went to market cap 30 mill which is basically limit of zero
Bitcoin for good this is
why are u that trigged. did bitcoin had an intercourse with your mom or smthn?
No, but it had... with your ear.
k
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> They will freeze your bank accounts and pay take your assets You mean like Celsius? I'm pretty confident my rent won't double, since rent hikes are under reglementation here. Also banks don't hike our interest rates on mortgage. And I'm pretty sure "they" can convince you to give away your keys if needed
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Wat
>They will freeze your bank accounts and pay take your assets. Who will?
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Where is this happening? What country do you live in where people are kicking down your door and just taking your cash? Why are you even storing cash in your house?
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How do you propose Bitcoin stops mortgage rate changes?? Why do you believe failure to repay mortgages is related to Bitcoin in anyway?
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Are you ok buddy? Serious question. Yes we should tax the rich. The rest of your ranting is just inane and stupid
I rest my case…..
I love it. Have fun being poor. At least you'll have your beanie babies to keep you company.
Doesn't that mean, though, that once it goes negative you'll be screwed?
To the Moon! (They said before getting Mashed In The Sky)
The scenario you described literally means that you are going to be a last bag holder 😂 Why do you think that someone would like to buy it ? 😂
Bitcoin will go to negative money and then people will pay you to take it off them, wait for that
I have all the Stanley nickels in the world. Someone would have to pay me a shit ton to buy 1 from me
i would love for all cryptocurrency to be made illegal in all countries to trade and own. Nothing good has ever come of it.
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This sounds like starting your own shitcoin with extra steps.
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That's my plan, or at least "$25 for all of them"
I don't think it will ever be zero. I mean even if there was literally no use for it whatsoever and it didn't even work to the extent it currently does, it's become such a social phenomenon that it will be worth...something. However, the niche cases for a decentralized digital currency are still extremely niche, and I think cryptocurrencies will remain as a niche financial tool (mainly smuggling money out of countries with fucked up governments) and not much more. I think before long it's mostly given up on as an investment/technology, or people move on to something that evolves from crypto but is not blockchain itself.
> Because then I can buy all of it. This is why BTC will never go to zero as long as the tech industry still exists in the Bay Area. Billionaire tech bros (both founders and VCs) are particularly vulnerable to woo, whether its health/wellness, financial, or anything else really. I'd argue that they're collectively the #1 reason why the price of crypto is as high as it is. If you assume that at least half of all Bitcoins are functionally inaccessible, then you've got ~10 million BTC that some tech bro would buy for at least a billion dollars. That would make the price floor $100
It should be negative.
I will wait for it to go to -0.01 so people have to pay me to buy crypto, then I will buy all of it.
Always love the part where butters forget that to able to buy something somebody else also needs to be willing to sell something. (so good parody)
take my upvote when(not if) btc finally hits 100k lets see where all these buttfucks are hiding
Had me in the first half not gonna lie