considering josh, pp and rm are barely posting, i really doubt i'd be logging in here

[freddie]

The explanation is not enough. If someone says "Free energy machine is possible," and another person challenges him: "Not possible, how do you intend to bypass the law of preservation of energy?"

and the first guy replies: "Criminals will use the free energy machine." The core question itself remained unanswered.

He just repeated the impossible thing and added the term "Illegals will..." in front.


So my question about where BTC value is found, is not whatsoever answered by saying "Criminals will find value."

You'd have to explain what that value is. Namely if "THUG A" receives 1 BTC, he still has to re-sell to get his value, and this leads you back to square one (trying to explain why anyone would need it, without criminals).

They don't? Lmao

Its only non criminal utility is making a transaction That's anonymous and irreversible, so basically criminal adjacent shit

You have to massively deluded to not realize this. An investment in btc is banking some idiot destroying their entire life with substance abuse

And that's a sad reality

[Busty Doll]

They don't? Lmao

Each BTC buyer is just hoping to resell it, but that "infinite chain of resellers" can't instill value.

My analogy for it is writing the following on the blackboard, and hoping to get a result above zero: 

"0 x 0 x 0 x 0 x 0 x 0 x 0 x..."

Imagine if the person writing the zeroes reasoned: "I know they are zeros, but I figure, I plan to write a whole shitton of them. Eventually it will have to equal more than zero, just due to sheer volume."


For the same reason, the explanation: "No one knows what BTC's for, but they keep reselling it, so it'll have to work," is wrong.

[freddie]

Each BTC buyer is just hoping to resell it, but that "infinite chain of resellers" can't instill value.

My analogy for it is writing the following on the blackboard, and hoping to get a result above zero: 

"0 x 0 x 0 x 0 x 0 x 0 x 0 x..."

Imagine if the person writing the zeroes reasoned: "I know they are zeros, but I figure, I plan to write a whole shitton of them. Eventually it will have to equal more than zero, just due to sheer volume."


For the same reason, the explanation: "No one knows what BTC's for, but they keep reselling it, so it'll have to work," is wrong.

Its for criminal activity 

That's where it gets it's value

[Altruist]

im more active lately 

this forum would do it for me if you, josh and rm (and some other posters) were as active as me and kath. further expansion of the userbase wouldn't even be necessary

[n9wiff]

Josh is right, the only time I've been *forced* to use was buying shady drugs and PED's online 

And that is where it's actually a Godsend because there is no way in hell I'm using VISA or Stripe to pay on a Chinese rat piss reseller 

Actually really good use here 

That and Casinos because you can move large chunks of money from person to person seamlessly without security hassles.

[Busty Doll]

Its for criminal activity 

That's where it gets it's value

You have to be specific. "After a ransom is paid, the criminal cashes in the BTC for dollars."

This means there is a buyer, so what if he loses interest.

Then BTC is $0 and the ransom was $0

[Busty Doll]

Josh is right, the only time I've been *forced* to use was buying shady drugs and PED's online 

And that is where it's actually a Godsend because there is no way in hell I'm using VISA or Stripe to pay on a Chinese rat piss reseller 

Actually really good use here 

That and Casinos because you can move large chunks of money from person to person seamlessly without security hassles.

Why would the Shady Site accept BTC?

It's based on the assumption that they are still sellable for $

May not be true soon

[n9wiff]

Why would the Shady Site accept BTC?

It's based on the assumption that they are still sellable for $

May not be true soon

Yes you can sell crypto for real cash easily

[Busty Doll]

Yes you can sell crypto for real cash easily

Explain to me the dynamics of that. The part where someone wants USD for BTC is clear to me, but why does the BTC buyer want to split with his cash?

[Busty Doll]

I should do a vlog on this, I've debunked pretty much every crypto point except this Criminality fallacy

[n9wiff]

Explain to me the dynamics of that. The part where someone wants USD for BTC is clear to me, but why does the BTC buyer want to split with his cash?

The buyer of whatever product pays in crypto 

The seller gets the crypto 

Since fiat currency is way more widely accepted, he will likely sell the crypto for cash or debit currency. If he doesn't feel the need to then he won't obviously

[Busty Doll]

he will likely sell the crypto for cash 

Why. That was the whole question: what's stopping the buyer from suddenly bidding $0.


People pretend they've solved a riddle by adding another complication.

"You know how the ancient Egyptians built the pyramids? Upside down and then flip them over boom."

"You know why people desire bitcoin? Because when some Criminal sells it to them, they say Hell yea gimme some of that."

[n9wiff]

Why. That was the whole question: what's stopping the buyer from suddenly bidding $0.


People pretend they've solved a riddle by adding another complication.

"You know how the ancient Egyptians built the pyramids? Upside down and then flip them over boom."

"You know why people desire bitcoin? Because when some Criminal sells it to them, they say Hell yea gimme some of that."

Because fiat currency is more widely accepted duh 

I already answered your questions 

"What's stopping the buyer from bidding 0"

Cuz the store has a set price and the coin has a market value, it's easier to just do normal exchanges

No need for "bidding"

[n9wiff]

Why. That was the whole question: what's stopping the buyer from suddenly bidding $0.


People pretend they've solved a riddle by adding another complication.

"You know how the ancient Egyptians built the pyramids? Upside down and then flip them over boom."

"You know why people desire bitcoin? Because when some Criminal sells it to them, they say Hell yea gimme some of that."

BTC is easy as fuck to launder

[Busty Doll]

the coin has a market value

No need for "bidding"

That's what constitutes a market: a Bid and an Ask.

But you have to explain the rationale of the bidder.

For gold, it could read something like this: "Of course I'm prepared to offer $1 an ounce! I can always use that gold to make a tooth."

But for bitcoin there is no explanation. 

"I can get rich if I find a second fool" is their only hope. 
But this must come to an end as soon as the biggest fool is located