[quantadev]

The very fact that you're trying to pretend you conflated the words "crypto-coins" with "Bitcoins", as if you did it by accident (which you did not), proves my point better than I ever could have; because the entire [false] premise of scarcity among the Hodlers depends on having no other coins ever become popular.

[desumeku]

Do you think printing fiat money is somehow harder or less silly than printing cryptocurrencies? You don't have arguments against crypto, you just have arguments against money. "Anybody can come up with a different money that would be exactly equal in every way" applies both to the Dollar and to Bitcoin.

[quantadev]

Money is something you can hodl in your hands (whenever needed in physical form) and walk around with, and spend without ever involving the power grid.

When you Hodl Bitcoin all you've done is make an "In-Game Purchase" (Like Warcraft Gold) in a game that most humans don't want to play, and have already rejected. Also BTC has already failed as a currency, because the people who value it only want to hoard it, due to the fact that they consider it an actual asset, so they won't spend it; and the rest of us don't want to join your cult/game.

A game that can be cloned infinite times, at the click of a mouse, too.

[desumeku]

Keep talking about how the 9th largest asset on earth by market cap has "already failed". It's very convincing.

Additionally, your definition of money is simply ludicrous. Your credit cards aren't money, then? What about that app on your phone called 'PayPal'? Is it just a collective delusion?

[quantadev]

All you tried there was two strawman arguments, or else you didn't carefully read my words.

1) I said BTC failed as a currency. And yes all the people currently holding cryptos are indeed claiming it's an asset, but they all have one thing in common: They gave their REAL money to someone else in exchange for nothing. You purchased a jar of air with the word "Digital Gold" printed on the side of it basically...with the reasoning of "If everybody treats this special air as Gold, then it might as well be Gold"

2) Neither Credit Cards nor PayPal are money. They are technologies for HANDLING money. A technology for handling a thing is not the thing itself. Not a hard logical axiom to grasp is it?

[desumeku]

> You purchased a jar of air with the word "Digital Gold" printed on the side of it basically...with the reasoning of "If everybody treats this special air as Gold, then it might as well be Gold"

And it is. You can try and dispute and rage against this fact all you want, but it already is. One bitcoin now goes for over $80,000. It's the 9th largest asset on earth. Anybody who has ever bought any over the past 15 years made a bet that has more than extraordinarily paid off. You can deny it, but it won't stop being true. You can keep saying it's going to "pop" at any minute, but that doesn't mean that it will.

[quantadev]

Oh, I expect your air jars can easily get quite a bit higher than $80K, while the FoMo is still on the rise. During Tulip Bulb Mania a bud was going for the same amount as the price of a HOUSE. It's about psychology isn't it. Everyone knew that amount for a flower was insane, but did it anyway. Because, after all, something is worth whatever people are paying for it don't ya know.

Tell me this...how is your NFT collection doing these days? Am I missing out on that excellent asset class too? I want that million dollar picture of the first Tweet bro. Since Hashcodes are unique in the universe that makes my copy THE one.