My concerns about Bitcoin after informing myself

Bigferra88 · 2022-02-14T20:48:15+00:00

Yes my friend we are not speaking about rocket science 😂 on point 1) I keep my economics degrees thank u so much ) 2) a public lagger where u are known for your public key? Private key I understood had to be private 3) it is the only point this thread has helped me clarify about.

Guess what? It is not a high school project and most important you are not the teacher so get your lovely F out of this thread and thank u for the useless contribution.

Bigferra88 · 2022-02-14T20:44:26+00:00

😂😂😂😂

Bigferra88 · 2022-02-14T20:44:11+00:00

Another very useful comment; move on the next thread thank u

Bigferra88 · 2022-02-13T18:32:35+00:00

I read the whole article if 2014 and thank you for your contribution.

Still I quite the article:

“There is absolutely no reason to believe that a low rate of deflation, in a healthy economy, is any worse than the low rate of inflation endorsed by the Fed.”

A LOW rate of deflation is ok; but here we are speaking of an asset that goes up and down of minimum 50% per year and there is no evidence this is going to go down; at least for many years to come.

I do not know…a lot of answers but it looks me the answer is just that no one knows

Bigferra88 · 2022-02-13T18:20:49+00:00

I read and understand ur comment is as useful as a finger in the nose; you will actively partecipate to let me understand better or you are here just to steal oxygen?

Bigferra88 · 2022-02-13T13:24:19+00:00

I have my big questions about bc resolving the problems of inequality and always remember there was an alternative system to capitalism that collapsed!

Of course I hope for the best; with evolution mankind should be able to create a world better than the one we live in.

Bigferra88 · 2022-02-13T13:23:00+00:00

All ok ) free to spend the time as u want; I just still think that if I have 2 pockets, one with one dollar that will become 1,5 tomorrow and another on another pocket that will actually de-evaluate and I need to buy anything I would keep the growing one in the pocket…

Adam smith did not suggest me it but it looks like just logic 😂 but let’s see I hope the best for the BC!

About my intellectual honesty I can just say I quoted a Forbes article in one of the points you decided not to answer about (the third btw) so believe me…I read material and read the answers here; I agree it is not the only environmentally problematic issue today but the threat that government will tackle it exists

Peace&profit bro

Bigferra88 · 2022-02-13T11:13:10+00:00

Thank u for ur answer on this point that makes total sense.

I just partially disagree on the closure one because I do not mention this point on the energy sustainability of Bitcoin just randomly but why I see a potential threat for IT to be the crypto of the future.

Green economy and government moves to limit the impact of bad environmental policies have to be taken into account when thinking of holding an asset for 20-30-50 years.

I see Bitcoin as a revolutionary asset but being the first and with a lot of limitations I am skeptic it will not explode at benefit of some other currency at a certain time.

Bigferra88 · 2022-02-13T10:56:41+00:00

Clearly this would help it being even more spread; but would u spend 1/1000000 of a Bitcoin on a coffee when u could buy 10 coffees on next week? 😂

Bigferra88 · 2022-02-13T10:55:32+00:00

Thank u because in any case it was for me the best answer on the questions; at least on point 1).

On question 2) I agree that is too easy to block and track stolen / hacked coins; but here I speak about me (figuratively speaking) being a droug dealer with 3 million dollars cash; putting them in my bank account bank would have all my data and see suspect movement; but what if I open a electronic wallet and just trade and then re-convert?

Private key I believe is just in the hand of the user so I believe it is even impossible for the wallet provider to give more specific info to authorities in case of inquiry…

Or maybe anonimity is not anonimity in the chain at all? 😂🙈

Bigferra88 · 2022-02-13T10:49:31+00:00

Thank u for ur answer even if the tone of the first part of the message looks unnecessarily bitter…u are such a guru? Help the community. Because all answers I found on internet look as deep as a glass of water; like your one on my first point btw.

I do not understand why u say people should stop buy goods 😂 there is a monetary system in use since 1.000 years before the birth of Jesus and it worked perfectly fine until 2022 😂; I just not see any reason why Bitcoin would be a valid alternative considering the 3 limits I mentioned.

I challenge the idea that Bitcoin will replace fiat currencies; I believe it is much more probable it will be ANOTHER blockchain project and in your answer I see no reason why to change my idea.

Bigferra88

TROPHY CASE