Re:Bitcoin backlash as ‘miners’ stress power grids in Centra...
by SlowRobotAhead on Sunday May 27, 2018 @03:53PM
(#17168798)
I made the similarity the other day between to crypto-commodities (i refuse to call it coin or currency) and beanie babies...
It stuck pretty hard with me. The truth about bitcoin is like beaniebabies they have no value, and despite concensus other wise could at any time be ruined by the decisions of a dozen people or so. Anyone that still believes the “it’s decentralized!!” just because the database is - nonsense has a dose of reality coming.
Do I wish I would have gotten in at $5, yea, would I have sold at $20 not $20,000 almost certainly. But it’s over, it’s a fools game now.
It stuck pretty hard with me. The truth about bitcoin is like beaniebabies they have no value, and despite concensus other wise could at any time be ruined by the decisions of a dozen people or so. Anyone that still believes the “it’s decentralized!!” just because the database is - nonsense has a dose of reality coming.
Do I wish I would have gotten in at $5, yea, would I have sold at $20 not $20,000 almost certainly. But it’s over, it’s a fools game now.