OWN

Bucksaway03

To project devs YOUR PROJECT DOES NOT NEEDS ITS OWN STABLECOIN!

rohilaltro

How stupid are you to play with the money that is not even your own money. From where that loan money came from, it is definitely not your hard work money that you are putting in to buy an asset like BTC. The principals of BTC are simple, you put the money into it that you don't need in near future and is YOUR OWN DAMN HARD EARNED MONEY. You don't need an advice, you need to go to doctor and get yourself checked for addiction of gambling.

rohilaltro

How stupid are you to play with the money that is not even your own money. From where that loan money came from, it is definitely not your hard work money that you are putting in to buy an asset like BTC. The principals of BTC are simple, you put the money into it that you don't need in near future and is YOUR OWN DAMN HARD EARNED MONEY. You don't need an advice, you need to go to doctor and get yourself checked for addiction of gambling.

Etrensce

These posts about the rich getting richer make 0 sense in this context. You can just buy BTC on an exchange and have the exact same exposure as a BTC ETF. Like literally if Blackrock clients are getting richer from their spot ETF product, YOU SHOULD BE TOO IF YOU OWN BTC. This isn't some private investment (like PE style investments) that regular joes can't easily get access to. The only reason people in this sub would cry about this is because the SEC is preventing uninformed people from fomoing into a highly risky asset class to pump your own bags. This is exactly the reason the SEC doesn't approve a spot ETF.

jamesblacklock

You seem to be completely missing the point: it's not about them "changing a feature"; it's a very fundamental change. Before, you did not OWN your crypto if you bought it through RobinHood. Now, you DO own it. You can move it out of RobinHood.

crua9

>I hadn't heard that fact about 3d printed guns A few years back a few political figures legit wanted 3D printer makers to put something in the code for it to tell if someone is printing a gun. It isn't possible, and most use open source even if it was. Like they spent 0 time looking into how a 3D printer works or EVEN THE LAW THAT SAYS YOU CAN MAKE YOUR OWN GUN. It isn't shocking for law makers, but I'm disappointed the media backed them. ​ Anyways, 3D printed guns are dangerous for the one firing it. And at best they are only good for 1 shot. I'm not a gun person so I don't know all the ends and outs beyond that. But from my understanding political powers are still fighting it and want to at least somehow ban private people from making gun parts for their gun. Like people are making parts from a 3D printer. Parts that don't take a lot of abuse. And political figures aren't happy about that. My best guess is it's actually the gun companies that aren't happy about it and it is normal corruption.

brohamsontheright

They aren't buying bitcoin.. they're buying bitcoin futures.. Buying Bitcoin futures has no impact on the Bitcoin supply, or the actual price/value of Bitcoin. This kind of shit keeps the price of Bitcoin artificially LOWER.. It's a way to manipulate the price downward. If you haven't yet figured out why Bitcoin isn't at $100k... it's shit like this. Wallstreet wants access to Bitcoin, but doesn't want to OWN Bitcoin... So they create paper equivalents and trade those around. It's the same way they've kept the price of gold and silver WELL under inflationary value... and it makes a STRONG case that the price of Bitcoin will never go through the roof... as demand increases, people will simply buy the paper-backed assets because it's a HELL of a lot more convenient.

yiwey7

Ppl will think that paper money is dead, jnvest in btc or whatever crypto, then they turn off the internet and start new "money" scheme. goodbye worldy wealth, welcome ... you own NOTHING and they OWN you !

jafp1

I firmly believe that there is no other token in all of crypto with more upside potential than FCF; both due to it being insanely undervalued and because of the revenue sharing model. They are in talks with major players in the business and crypto worlds to take crypto payments into the mainstream. Investing in FCF now is like investing in MasterCard when it was starting; you can earn a little piece of every transaction going through the system! Even just from the trading volume with the tokenomics, FCF has already distributed over $2m to holders. The last run up was based on hype. This time it's based on real products and a proven track record of keeping promises and over-delivering. DO YOUR OWN RESEARCH! Join the Telegram group. Ask questions. You'll be amazed.

vjeva

Just to clear things out! Once Moons are fully migrated to the Mainnet you will be able to move your Moons! That means that Reddit does not OWN your tokens and as Moons are on the blockchain, you can move them to your Metamask. Moons are already being transferred to Mainnet via [Arbitrum Nova](https://a4ba-explorer.arbitrum.io/token/0x0057Ac2d777797d31CD3f8f13bF5e927571D6Ad0/token-transfers)

robeewankenobee

People need to learn the difference between Staking on Native wallets where you have 100% control of your crypto , and Staking/whatever the fuck you're doing on a Custodial wallet/Cex where YOU DON'T OWN YOUR CRYPTO. This is silly ... 1. IF A PERSONAL WALLET FAILS YOUR FUNDS WILL NOT DISAPPEAR OR VANISH FROM THE BLOCKCHAIN 2. IF A CEX FAILS OR SOME CUSTODIAL STYLE WALLET, YOUR FUNDS WERE NEVER YOURS TO BEGIN WITH SO YOU PROBABLY WILL LOSE THEM.

xscrumpyx

Was about to comment about how nice it would be to actually OWN something yourself in attempt to orange pill someone Then I check the subreddit lmao

Castr0-

Is just giving what they should OWN. Hope they return 100%

Zarathustra5d

Or otherwise consider converting to a StableCoin, or a Token offering AirDrops or otherwise PAXg then diversify to more exchanges, Many offer their OWN PayMent dbit cards, Banks ALL wanna know AII BlG DATA AB0UT Y0U! (pm me for inside scoop, Mention: ‘inside SC00P wanted!’)

TheCheerleader

I don't know what an nft is? Sure thing buddy! I'm guessing you've just skipped over the part where I said I OWN NFTS THAT AREN'T JUST ART. NoOne here's acting like a Karen but you're getting close to the line. I'm saying yes you could use nfts for things things your saying but why? Why bother using an nft when you're going to need a centralised company to issue new ones for when you lose your seed or it gets stolen. It would make much more sense for it just to be a field in a database of a company somewhere taking up much less space. You're the one banging your first wanting everyone to use nfts for everything wether it makes sense or. Not. Stop being butt hurt because someone has a different opinion to you. This is the Internet, you'll have to get used to it sooner or later

GooeyButterflies

>OWN words Bitcoin is sneeple bujel ju snef pluegh mihre

Survivaleast

Kind of interesting how there’s no true win situation when it comes to the dissenting criticisms against Ethereum. If they hold what they have, ETH IS TOO CENTRALIZED! Only the rich get richer! ETH foundation sells, further decentralizing their holdings? THEY’RE DUMPING IT! THEY DONT EVEN BELIEVE IN THEIR OWN PROJECT! BTC maxis and ETH killer cultists, when are you going to learn?

Crypto_Babylon

One must understand especially for the younger generation is that these people that you see on the screen are MASTER MANIPULATORS. Yes Bitcoin is great as a technology but the people should never trust these people by handing your keys to how one should live. Remember that Bitcoin was built so that you are your OWN Government, anything less than that then you become an even bigger prisoner than you are today. Blockchain is very very powerful but the POWER must stay with you no matter what.

PiratePEPE15

Just say "Invest what you CAN LOSE and don't MIND as much if this goes belly up." it's people's own fault for being financially incompetent and simply trusting every guy with a suit or every woman that shows some cheek. all the below said is for the general public, not only OP as I completely agree with this post. FFS you're considered an ADULT shut up, eat your loss if you made some, and move, IT'S YOUR OWN DAMN FAULT FOR BEING LAZY, COMPLETELY FINANCIALLY ILLITERATE, AND INRESPONSIBLE WITH YOUR OWN LIFE. Only YOU can make the call to BUY stuff. YOUR sorry excuse of "But I got tricked!" is utterly irrelevant to the rest of us, it only impacts YOUR life DIRECTLY. YOU SHOULD LOOK INTO IT YOURSELF AND DECIDE FOR YOURSELF IF IT'S WORTH YOUR TIME, BECAUSE ONLY YOU CAN MAKE THAT CALL. Everyone wants to make money and will opt for money, so why tf would they and I care about your sorry being who lost money, WE'D ACTUALLY THANK YOU FOR LOSING IT. In the market there are gainers, poeple who lost, and simply SORRY ASS LOSERS So stop your wining, IT'S YOUR OWN FAULT, YOUR THE BLAME AND NO ONE ELSE.

Nemesis916

Holy fuck, research how the vanguard group is owned/operated. THEIR CUSTOMERS OWN THE VANGUARD GROUP, IF YOU OWN A VANGUARD FUND YOU ALSO OWN SHARES OF THE VANGUARD GROUP. HOW CAN YOU BE SO IGNORANT, I LITERALLY LINKED YOU, VANGUARD DOES NOT HAVE SHARES THAT ARE PRIVATELY OWNED LIKE FIDELITY.

MaximumStudent1839

>Turns out Luna/UST were remarkably similar to fixed value convertible bonds aka debt spiral bonds...with the same problems. Actually, plenty of Luna/UST investors were aware of this problem. That is why the smart ones exited before UST ran into zero. Guy said he exited when UST rebounded above 80 cents. A lot of people knew the risk. UST didn't collapse for no reason. It collapsed because those who knew the risk ran to exit on mass. Why did these investors still invest in Luna/UST despite knowing the risk? It was the stupid "supercycle theory" (never bear market again) + "BTC hitting 100K eoy" by the stock-to-flow model's predictions. They thought this bull market had a much longer way to go. So they believed institutions were planning to jump into pump the crypto market to much higher highs. You got to admit there was a serious delusion among the community - retail and institutions alike. Remember how people like Saylor were buying the "bottom" when BTC hit 32K? Everyone got delusional. The real moral of the story is DON'T EAT YOUR OWN SHIT! Understand SHILLING IS JUST BS CHEAP TALK. Don't shill and, in the process, get yourself brainwashed by your own shilling...

Davess010

Did you ever heard of that phrase; DO YOUR OWN RESEARCH!? Coinbureau and other channels like InvestAnswers are a great way to get updates on Market conditions or to find new interesting projects. But both of them make it very clear to you in every video that it's not financial advise.

Rdammertje_1908

1. Buy property for passive income. 2. Buy season ticket to join every home match of my favorite football club. 3. Buy nice but normall house. 4. DON'T WASTE MY OWN MONEY 5. Make a nice travel plan 6. Start my own company 7. Give my mom and dad some money with advice how they should make more out of it. 8. Attend lectures to get more financial intellect.

kbr8510

Blockbuster was also aggressively shorted with counterfeit shares (also known as naked shorting) by large financial institutions with the purpose of bankrupting the already failing company due to vhs tape rentals being replaced by online streaming services. Financial institutions that participated in shorting the company with counterfeit shares did so with the goal of bankrupting the company in order to never pay back those borrowed shares, creating a sort of double whammy. - Short positions retain their profits - Borrowed shares never have to be paid back Ryan Cohen, chairman of Gamestop, is an activist investor and his plan is to destroy these corrupt financial institutions. Blockbuster and other insanely shorted companies will all come back and on Gamestop’s new NFT platform, killing the financial institutions end goal of never having to pay back heavily counterfeited shares. Because they will come back from the grave. Gamestop is still heavily shorted way beyond the numbers they provide. And the MOTHER OF ALL SHORT SQUEEZES WILL DESTROY ALL CORRUPT FINANCIAL INSTITUTIONS. THEY WILL GO BANKRUPT AND SWALLOW THEIR OWN MEDICINE. BUY, HOLD AND DRS GME. GAME FUCKING STOPPED.

Gandalf_AlThor

Oh look another internet genius who insults people who call him out on his ignorance. Hey friend, read YOUR OWN POST. The video is irrelevant when you are praising commie tyrant Trudeux in YOUR OP. FFS how do people like you survive crossing the street...

bitcoin_islander

Never heard of any of these exchanges. Dont get scammed, go to CoinGecko and look up the top 10 crypto exchanges and use one of those, then move your coins to your OWN wallet. Exchanges are just for onboarding. Then go to r/bitcoinbeginners and educate yourself.

skoolbees

You don't OWN anything you can't take to the grave with you.

snobn00b

Make your OWN job if you don't find a good one!

snobn00b

Getting your OWN JOB is!

Mordan

> Everyone having to learn how to keep and protect their own crypto is ridiculous. well that's the price of getting richer.. I got Bitcoins in 2013 and if I am rich today it is ONLY AND ONLY becAUSE i took self custody of my coins with MY OWN KEYS> Can't do that? Go back to your bank. Guys like you are making the community lazy and stupid.

tommyslopes

Lol set it and forget it if you OWN CUSTODY Can’t set it WITH a someone and forget it Idiot lmao

D1g1taln0m4d

There is a difference in being an employee and working for yourself. I am also a dev. I work on my OWN projects. I do it to write great code & create a great project. I do it for the development & growth. People like you do it for $. You’re just a cog in the machine. It’s a job for you. Income. For me it is a passion. You’ve mixed up the context and are arguing the wrong point IMO. Life is not about $ and you shouldn’t derive your purpose from it. You’ll die one day and regret that you never truly followed your dreams. Just built the shitty dreams of others

Mordan

> So the excitement of seeing loans paid off and liquidation prices lowered was essentially the ‘big man’ getting his money before the ‘little man’ gets shafted, as usual. the noobs here have to learn. by giving your keys to someone else you are giving power to big men like you says. GOD DAMN IT!!! CRYPTO WAS DESIGNED TO HOLD YOUR OWN KEYS!!!!

tommyslopes

Ah yes Central Banks….the completely needless parasites whose jobs can be done by ANY GOVERNMENT PRINTING THEIR OWN MONEY Central Banks motto: Trust me bro.

tomboBG

You still dont know about ULTRA. Future STEAM killer. Ubisoft already partnered with Ubisoft. Games will be NFTs where YOU OWN it . In a few weeks you will know it too and understand it.

hateballrollin

*I can't imagine ever needing a ticket to be indelibly recorded on the blockchain, especially once the associated event is over. I toss my movie tickets in the bin and every now and then I have to clean out my drawer of old conference lanyards. Having a wallet full of them forever fills me only with mild irritation.* While I agree with you there, I believe you're looking at NFTs from one perspective. While you are looking at it from a "collector's view" (each ticket means one piece of valuable data on the blockchain, after use), I'm looking at that same data being useful at the time: to verify ownership. This means in regards to upselling, bootleg tickets, who is supposed to OWN said tickets, etc. Everything will be verifyable via blockchain. So using NFTs as a hedge against that, is just one possibility of the tech. NFTs dont have to be collectible...they can prove useful in other ways.

Dzeividz

Father was the one that messed up, the fact that asshole killed his whole family because of losing his OWN money is beyond fucked up. If hell exists this dude will suffer there for eternity.

benditbackwards

As others have told you here, I'll clarify, you didn't buy bitcoin on Binance, you bought Bitcoin FOR Binance. Its a big distinction, you technically don't OWN the Bitcoin you bought, as long as it sits on your account in Binance, its Binance's Bitcoin that they MAY give to you. To make that Bitcoin yours, you need to complete the final step and transfer the Bitcoin to a wallet under your direct control, that is, YOU and only YOU have the keys to that wallet. Once the Bitcoin is there, you can spend it or save it however you please.

sebikun

That's the point here buddy. If you lend them YOUR OWN money to get some apy it's not yours anymore and I really mean it not just trash talking, not your keys not your coins.

SmoothGoing

>access to THEIR OWN money. It isn't. It's a loan to the company, not a deposit. See ToS.

Frunknboinz

>Segwit 2X was the equivalent of Goldman Sachs, JPMorgan, every other major bank, the oil cartel (OPEC), colluding to take over the network BUT FAILING MISERABLY, WITH THEIR TAIL BETWEEN THEIR LEGS, HAVING LOST A FORTUNE TO ACCOMPLISH NOTHING BUT THE RUINATION OF THEIR OWN REPUTATION This is such a smoothbrain take. Not even worth reading it as it's definitely not going to be the truth. If people are interested, then I encourage you go back to the articles and debates *from that time* and make up your own opinions on what happened. Don't let a narrative be spoon fed to you regardless of whether it's here or from the mouth of a bcasher.

584_Bilbo

Dude, seriously? I swear I see more people reposting this exact same logic word for word than I see people who fucked up and lost their coins trying to self custody. It's ok to be lazy and trust the exchanges. But to be ignorant to the reason why we keep telling people "not your keys, not your coins" is just silly. These exchanges don't have you or my best interests in mind. They are providing a service to make money. They are capitalizing off our laziness. They are selling coins they don't have, banking on the fact that we won't all sell at once, and when we do, they fail to deliver forcing themselves into bankruptcy and causing EVERY ONE of their users to lose their funds. This is unfolding before our eyes right now. This is not a conspiracy. I understand self custody isn't easy/logical for mainstream right now but choosing to remain ignorant because the masses are is a foolish way to live your life. Putting in the effort to learn and secure your OWN coins, in a wallet ONLY you have access to, is the only surefire way (aside from personal mistakes which you have to learn to grow up and accept responsibility for) to keep yourself from being a pawn in their game to make money.

Novel-Counter-8093

exactly. alot of idiots on this sub who dont even wanna bother with self custody of their OWN MONEY, then end up going on r/Buttcoin to spread horsecrap about crypto because the exchange went down and lost all their money.

Pixaritdidnthappen

Hey, I'm happy for you. Anybody reading this: DO NOT EVER POST THIS MUCH INFORMATION ABOUT YOURSELF ONLINE, SOMETING AS SIMPLE AS THE AMOUNT YOU OWN, AGE, COUNTRY OF RESIDENCE, ETC. CAN BE ENOUGH TO BECOME A TARGET. It may seem like he's small potatoes and doesn't own enough crypto to be a target, but some people just like a challenge. Better to play it safe and never post this kind of info.

SpaceFaceMistake

Wait i don’t get it… If I made this post I would have had it removed from TOP 50 reasons or some other reason… I bet you. NOW does this mean I can’t Make this post IN MY OWN way not like this but CONTAINING the same $crypto markets but with a new days data? I mean Not a Newbie guide MAYBE a Newbie Guide or whatever you want to call it what about a The latter All Major Coin List or another name not to copy the title. But isn’t the title to simple and anti plagiarized all the 6 words the way they are stated are used like Millions of times just google them with a “ “ on any or all the words. Never the less. Great guide! I just wonder sometimes..😂🤙

CointestAdmin

#Bitcoin Cash Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Bitcoin Cash Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsi/rcc_cointest_coin_inquiries_bitcoin_cash/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

MilkLover_MercyMain

It's still investing with money YOU do NOT OWN. So let's say IF shit happens, which isn't unseen in the crypto world, YOU pay the price. Who's to say shit won't drop further? Or if some random CEX won't survive the market? It's still investing with money you do NOT own in a high risk market. Also why take a loan when you have a steady income? If you can dca into a loan... why not dca into crypto? Unless the person intends to invest the loan at once... which is again... abaolute idiocy What I'm trying to say is: If you're as dumb as to take a loan to buy RELATIVELY cheap btc at a random ass CEX, then you don't deserve any sympathy imo. its just gambling with someone elses money at that point. Not to say OP did that, because he didn't

Vinnypaperhands

Okay dude I've seen people tell you this 100 times already. YOU DONT OWN THE ASSETS IN YOUR BANK, YOU CAN SELF CUSTODY YOUR BITCOIN. Hope the caps help because you seem to not be getting this to your brain

MDot_Cartier

I hear what your saying but historically for something to have intrinsic value it needs to have value ALL ON ITS OWN, Bitcoin isn't that as it only has value when coupled with electricity, devices, wallets, exchanges, the internet, etcetera. It's very dependant on other factors. Gold has intrinsic value for example because if you find a nugget in the wild it has value on its own. If you find a wallet with 1 btc but there's no internet or electric what can you do with that? Nothing. Not to say that will happen just a philosophical hypothetical. Now there *is* a formula to calculate intrinsic value in finance for socks, companies, and whatnot but that determines the difference between price and actual value not whether something is capable of being worth nothing.

RonPaulWasR1ght

>So you basically are stealing their wealth from them as they can ask for a raise from work "Stealing their wealth"???? By increasing the rent on MY PROPERTY???? REALLY GUY???? Do you not understand that I OWN the FUCKING PROPERTY???? As such, it's MY CHOICE how much I choose to rent it out for. To ANYONE. Stealing. Wow. People on here REALLY HATE LANDLORDS. I mean, it's fucking clinical. Folks, without landlords like myself, there wouldn't be places to rent. Period. Get over it.

AmericanDervish

The inventor crashed his OWN coin

Paskee

We need regulation, no doubt. But EU is very burocratic and heavy handed. Doubt they will go about it with good faith or reason. More like - WE OWN YOU - approach. We shall see soon enough, but Im not holding my breath.

CointestAdmin

#Bitcoin Cash Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Bitcoin Cash Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsi/rcc_cointest_coin_inquiries_bitcoin_cash/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

Puzzled_Raccoon8169

No it’s not. Not in the US. Real estate is HIGHLY HIGHLY regulated. Real estate lawyers are their OWN specialized field. I’m definitely getting the impression that there are a lot of international people on this thread because Americans take their property rights VERY seriously. Real estate is the most valuable asset you will ever own in your life. A normal mortgage is 30 years of payments. And y’all talk about it like it’s registering a purebred dog or a vehicle. A bank and mortgage are involved in probably 75%+ of real estate transactions. You can’t “cut out the middleman”.

CointestAdmin

#Bitcoin Cash Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Bitcoin Cash Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsi/rcc_cointest_coin_inquiries_bitcoin_cash/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

CointestAdmin

#Bitcoin Cash Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Bitcoin Cash Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsi/rcc_cointest_coin_inquiries_bitcoin_cash/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

Smoy

Who's a day trader? And who's they? You take advice rather than researching your own? So If I'm part of whatever shill group you're thinking of you must love Jim Cramer. How much money has your man Cramer shilled people out of for your own profit? You all caused the 08 crash so 2 whole generations of Americans can't buy homes without a golden parachute like bitcoin. You fuckin OWN the scams stock boy

mrinvertigo

You should **read your own article** instead of cherry picking from the opening sentence.. >Today, Bitcoin consumes as much energy as a small country. This certainly sounds alarming — but the reality is a little more complicated. The author discusses several common misconceptions surrounding the Bitcoin sustainability debate, and ultimately argues that it’s up to the crypto community to acknowledge and address environmental concerns, work in good faith to reduce Bitcoin’s carbon footprint, and ultimately demonstrate that the societal value that Bitcoin provides is worth the resources needed to sustain it. ​ >But how much energy should a monetary system consume? Good luck trying and calculate the amount of energy of the system its trying to replace.. lol. >**Energy Consumption Is Not Equivalent to Carbon Emissions** Start thinking renewable energies, also captured energies that are already being wasted but could be and ARE being utilized. >As a result, estimates for what percentage of Bitcoin mining uses renewable energy vary widely. In December 2019, one report suggested that 73% of Bitcoin’s energy consumption was carbon neutral, largely due to the abundance of hydro power in major mining hubs such as Southwest China and Scandinavia. On the other hand, the CCAF estimated in September 2020 that the figure is closer to 39%. But even if the lower number is correct, that’s still almost twice as much as the U.S. grid, suggesting that looking at energy consumption alone is hardly a reliable method for determining Bitcoin’s carbon emissions. No cherry picking, you've got the high of 73% renewable energies and you've got the low (from a different study) of 39% renewable. >**Bitcoin Can Use Energy That Other Industries Can’t** ​ >there’s enough flared natural gas in the U.S. and Canada alone to run the entire Bitcoin network. That is currently being flared up and wasted. **WITH ZERO BENEFITS.** Also the math they use is not as simple as they make it out to be: >Many journalists and academics talk about Bitcoin’s high “per-transaction energy cost,” but this metric is misleading. The vast majority of Bitcoin’s energy consumption happens during the mining process. Once coins have been issued, the energy required to validate transactions is minimal. As such, simply looking at Bitcoin’s total energy draw to date and dividing that by the number of transactions doesn’t make sense — most of that energy was used to mine Bitcoins, not to support transactions. And that leads us to the final critical misconception: that the energy costs associated with mining Bitcoin will continue to grow exponentially. ​ >But there’s good reason to believe this won’t happen. ​ >the energy mix of Bitcoin grows less reliant on carbon every year. In the U.S., publicly-traded, increasingly ESG-focused miners have been gaining market share, and China recently banned coal-based mining in Inner Mongolia, one of the largest remaining coal-heavy regions. ​ >And of course, as renewable options such as solar grow more efficient and thus more viable for mining, Bitcoin could end up serving as a serious incentive for miners to build out these technologies. So there are incentives to increase renewable tech. A huge bonus for other industries trying to utilize such advances. Next time don't be as close minded as my Dad and **READ YOUR OWN ARTICLE** before you post it. Also, have a good day good sir.

orangefly

It's not just work. I've stopped talking to multiple family members since they became newsmax parrots. They can't go 15 minutes without spouting whatever bullshit was on their last newsmax alert and if you say ANYTHING that isn't 100% supporting what they said, they flip the fuck out with the whole, "I'M ALLOWED TO HAVE MY OWN OPINION!!!!". They are but no one else is.

CointestAdmin

#Bitcoin Cash Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Bitcoin Cash Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsi/rcc_cointest_coin_inquiries_bitcoin_cash/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

hoenndex

Mind blowing is people that claim they love freedom yet defend taking away a woman's right to choose. So because some women make ONE mistake they should be forced to carry the pregnancy? Are you aware several of these states are also prohibiting abortion due to incest or rape? Prohibiting abortion because of your moralizing puts your outdated ideas above the rights of women, who now lack the choice to make decisions about their OWN Life and reproductive health. If you don't like abortion then don't get one. Prohibition on abortion will likely not stop all abortions either, but actually get rid of safe abortions. Many women will die trying to get abortions in the black market. A federal law is ESSENTIAL. You might not like it but that will happen, the majority of Americans were in support of Roe v Wade with good reason. Cry about dead babies all you want, but your position is anti-freedom and oppressive to women's rights.

TrevoltYT

Yep everything you said checks out. Fuck banks, fuck safety deposit boxes, make your OWN safety deposit box (AKA an actual safe, ideally one that is either too heavy to easily steal from your home, or is otherwise secured in that fashion) Also, keep in mind that with hardware wallets, if the battery does end up going bad, you don’t actually need access to the device to recover funds. That’s why they give you the recovery seed, so you can recover it in the case of the device being destroyed or broken

poojoop

They don’t own the art either. They own the code. There’s no art on chain. If Yuga or the investors owned the art, RR/BAYC wouldn’t be relisted on OS every time Yuga tries to get it taken down. If Yuga wanted they could change the ape pictures to a bunch of big penises and the investors would have no recourse. Independently of this situation this conversation needs to be had because people out there genuinely believe they OWN the artwork when in reality it’s just metadata on some server somewhere.

El-Kabongg

hopefully your "industry" will recover once people start believing in this digital Ponzi Scheme again. Idiot: "I own some ones and zeroes on the Internet, and you can too!" Scammer: "No thanks, I created my OWN currency system, today! Want to buy some to diversify your portfolio?" Idiot: "Sure!"

SlayBoredom

BECAUSE if I bock Stock of Company X: I get some percentage of their profit aswell as a right to have an impact on their decision. I can vote. As long as this company makes a profit the stock is worth something, because they legally OWN my percentage of their profit to me. so if this company gets MORE profitable people are willing to pay more for each share. If you buy a coin. you just have a coin. No right no anything. No intrinsic value. zero nothing.

ztsmart

> You can straw man me all you want, i didn't say debt was bad. I said "recommending people borrow to buy bitcoin" is bad. So you recognize that using debt to buy SOME assets is a good idea, but not bitcoin? Why not Bitcoin? Do you not think Bitcoin is a better and less risky asset than a house?? What if someone offered a 30 year amortized loan at 0% interest? Would you not think it would be a good idea to take this loan to buy Bitcoin? Do you really think $10,000 worth of Bitcoin is not going to be worth more than $10,000 in 30 years??? The reality is MOST PEOPLE CAN borrow at almost 0% interest (relative to the % of monetary inflation) with a 30 year amortization in the form of a HELOC or mortgage. If you do not understand that this is a completely valid and low risk strategy then you simply do not understand Bitcoin or monetary economics. **IN AN INFLATIONARY SITUATION YOU WANT TO OWN AS MUCH DEBT AS YOU CAN** This should be obvious. Why do you not understand this?

Oneloff

I see you bought ATH, JK. 😅 Everyone needs to take risks according to their risk tolerance. BUT... >Same can be said when BTC was at 40k. If you continued your DCA then- you would have lost 50% of your DCA. Seems like you don’t understand DCA at all my friend. If in Jan you bought at 40k, Feb at 35k, Mar at 30k, Apr at 25k, and May 20k, you definitely would not be at 50% lost. It's in the name itself Dollar Cost Average. Assuming you bought a whole BTC: you own 5 BTC and your cost average would be 30k. With a loss of 10k because the current price is 20k. You would be down ~33%. If you bought at 40k and waited and bought now again at 20k your average is still the same, BUT you own 2 BTC. When it's at 100k who has a better ROI?! >It doesn't make sense to blindly throw in money when things are looking awful and you have some understanding of economic policy. I think DCA isn’t based on economic policy but based on having trust in an asset that you BELIEVE will grow in value after X amount of time. *(Yes Monetary policies are important and you need to pay attention to them.)* >Everyone here yaps on about "DO YOUR OWN RESEARCH" and then when you do it and say -"Wait- shit might get really bad if the Feds start QT and interest rates go even higher than 0.75bp in July so I should wait to see the CPI numbers and GDP growth for the next quarter before continuing my DCA" - then people yell at you for "YOU aRe TiMiNg the Market". Its hypocrisy at its finest. If shit does get worst you will wait again because it could get even worst?! So no it's not hypocrisy. DCA is based on one principle IMO, if you believe and trust that the asset increases in value over time you want to accumulate as much of it as possible DESPITE circumstances and despite the price. You should use buy orders as someone else here suggested instead of waiting for confirmation. Buy orders help to catch the dips, buying at a price you’re happy with but also meaning you don’t have to observe the price all the time. >I had this argument with someone telling me to not wait to DCA into ATOM and it was at 22 dollars then. It went to 6 dollars. DONT LISTEN TO DCA ZOMBIES on this sub. The same thing it could have gone from 22 to 35?! What are the odds?! Neither of us knows... Look in the end do what fits your style of investments, lifestyle, dreams, and goals. But don’t just say things or think that your way is the best.

Pretenderinchief

Same can be said when BTC was at 40k. If you continued your DCA then- you would have lost 50% of your DCA. It doesn't make sense to blindly throw in money when things are looking awful and you have some understanding of economic policy. Everyone here yaps on about "DO YOUR OWN RESEARCH" and then when you do it and say -"Wait- shit might get really bad if the Feds start QT and interest rates go even higher than 0.75bp in July so I should wait to see the CPI numbers and GDP growth for the next quarter before continuing my DCA" - then people yell at you for "YOU aRe TiMiNg the Market". Its hypocrisy at its finest. I had this argument with someone telling me to not wait to DCA into ATOM and it was at 22 dollars then. It went to 6 dollars. DONT LISTEN TO DCA ZOMBIES on this sub.

benditbackwards

Check out the Resources section of this sub-reddit lots of helpful reading, remember most important thing when dealing with YOUR money, DO YOUR OWN RESEARCH If you depend on the advice of others you will get scammed!

murray_paul

People need to read what they are signing up for. > CELSIUS IS A LENDING AND BORROWING PLATFORM. WHEN YOU TRANSFER DIGITAL ASSETS TO CELSIUS, THOSE DIGITAL ASSETS ARE A LOAN FROM YOU TO CELSIUS, IN ACCORDANCE WITH THE TERMS HEREOF. UNDER NO CIRCUMSTANCES DOES CELSIUS HOLD DIGITAL ASSETS IN CUSTODY ON YOUR BEHALF AS PART OF THE SERVICES GOVERNED BY THESE TERMS. >ALL DIGITAL ASSETS TRANSFERRED TO CELSIUS AS PART OF THE SERVICES ARE OWNED AND HELD BY CELSIUS FOR ITS OWN ACCOUNT. THE USE OF TERMS SUCH AS “ACCOUNT,” “ACCOUNT BALANCE,” “WITHDRAW” AND SIMILAR DOES NOT IMPLY OR ESTABLISH, AND SHALL NOT BE TAKEN TO SUGGEST, ANY FORM OF CUSTODY RELATIONSHIP, AND SUCH LANGUAGE IS USED HEREIN AS TERMS OF CONVENIENCE ONLY IN REFERRING TO USERS’ BORROWING OR LENDING OF DIGITAL ASSETS TO OR FROM CELSIUS AS PART OF THE SERVICES AND CELSIUS’ OBLIGATION TO TRANSFER DIGITAL ASSETS TO USERS UPON THE TERMINATION OF SUCH LOANS OR REPAYMENT OF SUCH BORROWING. > [...] > In consideration for the Rewards payable to you on your Celsius Account and the use of our Services, you grant Celsius, subject to applicable law and for the duration of the period during which the Eligible Digital Assets are loaned to us through your Celsius Account, all right and title to such Digital Assets, including ownership rights, and the right, without further notice to you, to hold such Digital Assets in Celsius’ own Virtual Wallet or elsewhere, and to pledge, re-pledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such Digital Assets, separately or together with other property, with all attendant rights of ownership, and for any period of time, and without retaining in Celsius’ possession and/or control a like amount of Digital Assets or any other monies or assets, and to use or invest such Digital Assets in Celsius’ full discretion. >You acknowledge that with respect to Digital Assets used by Celsius pursuant to this paragraph: >You will not be able to exercise rights of ownership; >Celsius may receive compensation in connection with lending or otherwise using Digital Assets in its business to which you have no claim or entitlement; and >In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, you may not be able to recover or regain ownership of such Digital Assets, and other than your rights as a creditor of Celsius under any applicable laws, you may not have any legal remedies or rights in connection with Celsius’ obligations to you.

Still_Lobster_8428

>u/Still_lobster_8428 looks like you are single handedly working absolutely overtime to defend Musk in this thread. Someone doesn't have to say the words "You who are reading this text right now must buy dogecoin" in order to deceptively make themselves richer. There is a deeper conversation here about when you are the single most richest human being in the history of the planet and what you publicly say and how you say it influences people. This is exactly the same sort of tactic he used to bring up and down the price of Twitter. Not exactly ethical but I'll leave the legal aspects of it to the lawyers. >But for your sake you don't have to work so hard to defend Musk. He has a team of lawyers who do whatever he asks so take a deep breath and relax. Lol, the fact you think I'm "working to defend Musk" IS the problem being discussed here! PEOPLE have forgotten the simple truth that THEY are responsible for their own actions! They are responsible for educating themselves! They are responsable for taking a active roll in society! Not being fucking Lemmings that hang on the words of other people that they think are "influencers"! The very fact we even have such a thing as "influencers" IS THE PROBLEM! This has nothing to do with Musk, his a fuckin TROLL and meme king.... This is about standing up for personal responsibility and ownership of people for their OWN ACTIONS and not being a sheep following blindly someone they perceive to be an influencer! Funny how the MAJORITY of us didn't feel compelled to go buy Doge because Musk had mentioned it in some tweets.... You want to actually make REAL change in this world.... Stop excusing people's own stupidity and make them take responsibility for their own actions instead of blaming others! You wonder why these billionaires can accumulate so much fuckin money..... It's because people refuse to think for themselves! Pay that bit extra and support a local craftsperson instead of buying from Amazon, buy your fruit veggies and meat from local farmers/producers instead of big chains.... Instead, what do the majority do.... Buy purely based on convenience and price and then sit back having a cry that some billionaire cornered the market and its all so unfair! These people exist because WE create them with OUR choices! Wake TF up and start holding people accountable for their OWN actions! People made assumptions reading into what Musk wrote. PERIOD! At no time did he tell people to buy Doge (a fuckin SHITCOIN that always has been a troll on crypto in general). Now people want to blame someone else for their poor actions! And you want to once again shelter those fuckwits who didn't and can't think for themselves so that they once again DONT LEARN THE LESSON that THEY are responsible for their own actions! This problem is becoming WORSE the more people are protected from the responsibility of their own choices! Keep compounding the problem, I'm sure that will 100% bring about the change your hoping for.....

Still_Lobster_8428

>He basically And right there is your answer! He didn't actually say SHIT, you and others just read into what was said and made an ASSUMPTION and traded on the PERCEPTION you had! Lol, I've tried to explain this to idiots trading this "Elon trade" this bull cycle and everyone outside sees the conformational bias but those doing it completely miss that they themselves are reading to much into his tweets! Now they got burned and they are looking to hold ANYONE else responsible instead of themselves for their OWN poor actions and poor choices! This court case will go NOWHERE!

MaximumStudent1839

Take OP's post with an EXTREME LEVEL OF SCRUTINY! OP is clearly trying to create an artificial narrative to push USDD peg down. Take for example. >ah!, "stable assets"! Stable assets such as 10 billion TRX tokens, 14,000 BTC and 140 million USDT, my favourite cash-backed stablecoin. OP conveniently omits the reserve includes 1 billion USDC. While USDD's market cap is just 700 million. That means Justin can use USDC alone to repeg. In fact, he can used USDC alone to cover most of the USDD market cap EVEN AFTER 60% APR. >Even after all these collaterals being used, the price remains depegged. He has no incentive to repeg when all the shorts are paying him high-interest rates every day. The shorts are definitely hurting right now. I suspect a lot of these threads are just shorts begging for exit liquidity. Don't get yourself hurt. Don't buy USDD. But DEFINITELY DON"T SHORT IT FOR YOUR OWN FINANCIAL SAKE!

Bad_Chicken_2

I still don't think that's rich. Down payment on a house means you only own a fraction of the house and the bank owns the rest. Rich people OWN assets.

DuckStep43

.8 btc is pocket change to me obviously. I OWN Bitcoin at this point

genobeam

The developer isn't going to lose money, so players aren't saving money. So why would I want ownership if it doesn't make the game cheaper? how does it benefit me? It doesn't. It encourages pay 2 win in card games which hurts gameplay for average players. Makes games worse and doesn't save me money. You seem to be stuck on OWN = GOOD without any next level thoughts about the total amount averages gamers have to pay to play these games and how gameplay is affected. Games like hearthstone and magic let you craft any card you want by destroying other cards. This mechanic allows you to create any deck you want. NFT games cant have this mechanic, because it would destroy the value of rare cards and the game must keep in mind the monetary value of cards as a core concept. This makes it much harder to get the exact cards you want. NFT developers want cards to be as expensive as possible because it encourages the dopamine hit from opening card packs, which essentially turns the game into gambling. If you can sell cards for real money I really dont see how opening packs is much different than playing the lottery. It's at least the same concept. Poker has been around for longer than MTG and poker is gambling. Don't see what MTG being around for 30 years has to do with it.