Have you ever heard of anyone using bitcoin for anything other than speculation? I haven’t, and I often spend time in those circles. If you send btc you have to pay a lot on transaction fees
Have you heard of anyone using any financial instruments for anything other than speculation?
I mean, you literally have to go through tons of warnings and accept various things when opening trading account, all of which basically inform you that there are no guarantees for anything and that majority of people lose money in margin trading.
You don’t spend any time in any circles, you are talking out of your ass, you could right now send few billion worth of BTC for less than a dollar. Or you could do it for 5 bucks, just to be absolutely sure. But you wouldn’t know that since you are unlikely to be a human.
Stupid AI bots rehashing old shit they were trained on, from years ago. Sigh.
Just say that everyone who disagrees is a bot that way You can never be wrong.
I and most of the world literally use cash and banking everyday for gas and groceries. Literally not speculation. If you mean trading stocks, then I 100% agree. But they are made to be speculative, they don’t pretend to be something else (which I absolutely hate)
I’m not talking out of my ass. I’ve literally triede every crypto that has caught my eye. Including btc. However, I like self custody, and in the case of btc, just moving from binance to self custody was really expensive and took forever. Go to nostr, and you will see thousands of people using lightning just to avoid paying the huge fees. However using lightning for like 10 USD (which is what I would be willing to try) is not worth it since you have to do a lot of transactions and pay a lot of fees.
Just keep telling yourself that everyone who disagrees with you is a bot and treating bitcoin as a core part of you personality if it makes you feel smart
You should move some more goalposts and change some more topics.
I responded to your initial post which very clearly talked about very specific things and now you decided to talk about completely unrelated nonsense. Just stop.
It’s ok to be wrong about something and learn/improve.
As long as the transaction fees are less than the value you’re transferring, there’s still value left to exchange. This is part of what drives the price.
Whether people do use it beyond speculation is not relevant. Another part of its value is that you can use it beyond speculation.
That is the thing. The person you replied to didn’t say “bitcoin can only be used for speculation” they said “there is no reason for the value to move as it does (beyond speculation)”. which means that it IS relevant. Otherwise you are saying both " yes there are other reasons" and “it’s not relevant if there are other reasons”
There is really no reason (other than hype) for the value of Bitcoin to move the way it does.
Which I responded to appropriately. There are other reasons.
In my previous response to you, I said
Whether people do use it beyond speculation is not relevant. Another part of its value is that you can use it beyond speculation.
I didn’t say that speculation wasn’t relevant. I said that whether people use it beyond speculation isn’t relevant. It remains true that it can be exchanged for other things of value. As a counter-example, it turns out that NFTs attached to random JPGs are pure speculation, mainly because they are not a limited resource, and because the things they are attached to are also not a limited resource. If holding an NFT represented ownership of something which was a limited resource - like a piece of real estate, or a car, or a share of a business - then such an NFT would have value. That would require a common public agreement on such a system, which does not currently exist, but it’s not impossible.
Now, if we’re talking about BTC specifically, its use case outside being a store of value is now pretty limited, mainly because of the way it was designed. Other coins and tokens have greater use cases, but there hasn’t really been a “breakout” moment for anything yet.
ENIAC was completed in 1945, and it took many decades for digital computers to become ubiquitous. Now we take them for granted. Someone, at some point, will have a useful practical application for blockchain.
Have you ever heard of anyone using bitcoin for anything other than speculation? I haven’t, and I often spend time in those circles. If you send btc you have to pay a lot on transaction fees
Lemmy needs a “living on bitcoin” community like Reddit had.
Yup.
Cool
Have you heard of anyone using any financial instruments for anything other than speculation?
I mean, you literally have to go through tons of warnings and accept various things when opening trading account, all of which basically inform you that there are no guarantees for anything and that majority of people lose money in margin trading.
You don’t spend any time in any circles, you are talking out of your ass, you could right now send few billion worth of BTC for less than a dollar. Or you could do it for 5 bucks, just to be absolutely sure. But you wouldn’t know that since you are unlikely to be a human.
Stupid AI bots rehashing old shit they were trained on, from years ago. Sigh.
Just say that everyone who disagrees is a bot that way You can never be wrong.
I and most of the world literally use cash and banking everyday for gas and groceries. Literally not speculation. If you mean trading stocks, then I 100% agree. But they are made to be speculative, they don’t pretend to be something else (which I absolutely hate)
I’m not talking out of my ass. I’ve literally triede every crypto that has caught my eye. Including btc. However, I like self custody, and in the case of btc, just moving from binance to self custody was really expensive and took forever. Go to nostr, and you will see thousands of people using lightning just to avoid paying the huge fees. However using lightning for like 10 USD (which is what I would be willing to try) is not worth it since you have to do a lot of transactions and pay a lot of fees.
Just keep telling yourself that everyone who disagrees with you is a bot and treating bitcoin as a core part of you personality if it makes you feel smart
You should move some more goalposts and change some more topics.
I responded to your initial post which very clearly talked about very specific things and now you decided to talk about completely unrelated nonsense. Just stop.
It’s ok to be wrong about something and learn/improve.
It’s bad to just keep talking nonsense.
But hey, you do you. Not my problem.
As long as the transaction fees are less than the value you’re transferring, there’s still value left to exchange. This is part of what drives the price.
Whether people do use it beyond speculation is not relevant. Another part of its value is that you can use it beyond speculation.
That is the thing. The person you replied to didn’t say “bitcoin can only be used for speculation” they said “there is no reason for the value to move as it does (beyond speculation)”. which means that it IS relevant. Otherwise you are saying both " yes there are other reasons" and “it’s not relevant if there are other reasons”
No, they said
Which I responded to appropriately. There are other reasons.
In my previous response to you, I said
I didn’t say that speculation wasn’t relevant. I said that whether people use it beyond speculation isn’t relevant. It remains true that it can be exchanged for other things of value. As a counter-example, it turns out that NFTs attached to random JPGs are pure speculation, mainly because they are not a limited resource, and because the things they are attached to are also not a limited resource. If holding an NFT represented ownership of something which was a limited resource - like a piece of real estate, or a car, or a share of a business - then such an NFT would have value. That would require a common public agreement on such a system, which does not currently exist, but it’s not impossible.
Now, if we’re talking about BTC specifically, its use case outside being a store of value is now pretty limited, mainly because of the way it was designed. Other coins and tokens have greater use cases, but there hasn’t really been a “breakout” moment for anything yet.
ENIAC was completed in 1945, and it took many decades for digital computers to become ubiquitous. Now we take them for granted. Someone, at some point, will have a useful practical application for blockchain.