In every copy of macOS that has shipped since 2018, Apple has included the original Bitcoin whitepaper by Satoshi Nakamoto, and no-one seems to know why.
Crypto cultists leaving pamphlets...
In every copy of macOS that has shipped since 2018, Apple has included the original Bitcoin whitepaper by Satoshi Nakamoto, and no-one seems to know why.
getting in early paid for my house
That's the profile of any ponzi scheme.
Money, actual money, is supposed to lose a little value every year to encourage investing and spending. If inflation didn't exist there would be even more hoarding of money by the wealthiest, they would invest even less in companies, and that means economic activity would be crushed.
Money, actual money, is supposed to lose a little value every year to encourage investing and spending. If inflation didn't exist there would be even more hoarding of money by the wealthiest, they would invest even less in companies, and that means economic activity would be crushed.
Bitcoiners can't understand this very basic concept.
They don't seem to mind being pumped, dumped and manipulated by a few dozen whales though. It's one big circle jerk of scams and cult mentality. All they want at the end of the day is MORE DOLLARS.
You can certainly choose to not own Bitcoin, however, I implore you to keep a tally of your purchasing power of $x dollars versus that of Bitcoin. Check back in 5, 10, 20 years. Find a graph of the purchasing power of $1 from 1900 to 2020 and report back.
No, buying an appreciating asset does not make a Ponzi scheme. But Bitcoin isn't an asset, it's a medium of exchange. When crypto was an alternative currency with an exchange rate it was a bit silly, but fine. It was an interesting experiment. When it started being discussed as an investment with returns, it left the rails.You may want to research Ponzi schemes a bit more. If you bought Apple's IPO in 1980 - say $1,000 - you would have over $1.6 million dollars today. Being an early adopter/supporter does not make everything a Ponzi.
Of course, you will argue that Bitcoin is unlike a corporation since it does not have any tangible physical assets or products. That is a valid opinion, albeit one that I think is outdated in a modern digital world.
It really isn't.This is great. Someone at apple clearly knows bitcoin is different than the rest of crypto.
Purchasing power of Bitcoin? What do you have the power to purchase with Bitcoin other than drugs or the encryption keys to get your own files back?
I'll tell you what: Dollars.
You can put dollars in and later take dollars out. Why can you take more dollars out than you put in? Because other people are putting dollars in. The only reason the value of Bitcoin is going up is because people after you are putting more dollars in. That is the definition of a Ponzi scheme. When the hype ends and people stop putting their dollars in the value of Bitcoin will level off or go down and later marks will lose money in the scam. When that starts to happen, people will pull their money out at a crazy rate and it all burns.
No, buying an appreciating asset does not make a Ponzi scheme. But Bitcoin isn't an asset, it's a medium of exchange. When crypto was an alternative currency with an exchange rate it was a bit silly, but fine. It was an interesting experiment. When it started being discussed as an investment with returns, it left the rails.
What does modern or digital have to do with anything? Isn't that how a Ponzi scheme is marketed? Don't look at the man behind the mirror, this is new and special and too hard for you to understand but get in quick before the offer goes away!
Do people say things like, "getting into the Euro early is why I could afford my house?". Currency trading is boring by nature. If it's not, then something is very, very wrong.
And yet it's what ransomware attackers seem to prefer, so...It is a misconception that Bitcoin is anonymous and useful for illicit transactions.
But, what if you want to send money to your family in another country? Perhaps one that is underdeveloped and where banking access is not readily available. You could either go with Western Union OR you could use Bitcoin instantly and for low-cost. Bitcoin is great for remittances.
In regards, to the fluctuating value, simply research market fundamentals. Why do stocks go up and down? Why do other national currencies go up and down? Do some research and think critically about the difference between Ponzi schemes and market fundamentals.
In modern terms, "medium of exchange" is used interchangeably with "currency". However, the U.S. and many other countries do not view or regulate Bitcoin as currency. If so, there would be no capital gains (1 BTC is always 1 BTC, thus no capital gains).
There’s that word again: fundamentals. You keep using it in different ways to serve different purposes but never actually assign meaning to it.I suspect an exception will be carved out for Bitcoin - again due to its fundamentals.
No, people would not say "getting into the Euro/dollar early is why I could afford my house" because inflation has eroded purchasing power in modern times.
Say again?Are you aware that Bitcoin is programmatically inflating through at least year 2140?
the U.S. and many other countries do not view or regulate Bitcoin as currency.
Is it or isn’t it a currency?I think what can be confusing is that the rise of a new global currency is going to be tumultuous
Currency trading is boring by nature. If it's not, then something is very, very wrong.
You make my point. Excellent example.Check out the chart for Russian rubles over the last 2 years - it has been wild.
as adoption grows from quite literally 2 people to millions/hundreds of millions/billions of people, one would expect value to grow
At some point one would expect market saturation and an equilibrium to be reached. At this point, perhaps it will operate more like a currency in that the value won't fluctuate as dramatically. At what point though is anyone's guess.
Back to market fundamentals: The value of Bitcoin - or anything - is determined based on what others are willing to pay for it. If everyone agrees Bitcoin is worthless, then indeed it is worthless. The market has determined Bitcoin is worth $28,000+ now. It is no different than other commodities or currencies - all are subjected to market forces.
Since when is MacOS slow?!So maybe this is why macOS is so dog-slow and has all those background processes eating up your CPU — those processes really are bitcoin miners in disguise?
A useful and enduring financial system doesn’t require you to “get in early”
If you’re excited about getting in early, that’s a tacit admission that the people to come after you are going to get screwed and you know it.
This was left by a developer for fun, I wouldn't read too much into it.
Considering the app is it possible that you want your 512K back then?I want my 189kb back!
Love this! I miss the days when software contained Easter Eggs left by the "programmers." Even though computing was a business, it was fun and programmers were rebels. Nowadays, it is solely focused on profit and "developers" are just tools used by the corporations.
Are you aware that Bitcoin is programmatically inflating through at least year 2140?
Nice.
Legacy finance uses way more energy.
So do Christmas lights... and clothes dryers... and other things that are far less important than financial freedom.
If you don't think all the craziness that's going on in the world is reason enough to hedge against fiat currencies then stay out of it... but if you think there's a chance your government will fail you and "your" money is at risk, then consider Bitcoin.
21m max supply; no out of control printing/inflation.
Disinflationary; every 4 years, the issuance gets cut in half... commonly referred to as the halvening.
More divisible than any fiat currency; to 8 decimal places.
Open; anyone can access it.
Borderless; it's international.
Neutral; it doesn't care who the sender / receiver is.
Public; transparent and fully auditable.
Decentralized; mining participants are global and cannot make changes to the network without consensus.
Permissionless; send a transaction to anyone, anywhere at any time.
Censorship resistant; transactions cannot be reversed.
Everyone's welcome regardless of their politics, age, gender, religion or region. If you think there's no value in that and it's all just a pyramid scheme then I think you're crazy.
April 2023 1 BTC = $28,000 USD
Not quite. You need internet and sorry not EVERYONE on the planet has internet! So please don’t over generalize.Nice.
Legacy finance uses way more energy.
So do Christmas lights... and clothes dryers... and other things that are far less important than financial freedom.
If you don't think all the craziness that's going on in the world is reason enough to hedge against fiat currencies then stay out of it... but if you think there's a chance your government will fail you and "your" money is at risk, then consider Bitcoin.
21m max supply; no out of control printing/inflation.
Disinflationary; every 4 years, the issuance gets cut in half... commonly referred to as the halvening.
More divisible than any fiat currency; to 8 decimal places.
Open; anyone can access it.
Seems quite restricted for use in a few countries actually.Borderless; it's international.
Yes it does, you have to have some crypto to send it, right?!? You also should have a digital wallet and secure key if some type to access yours, right?Neutral; it doesn't care who the sender / receiver is.
Public; transparent and fully auditable.
But miners ARE making changes to the network by depositing crypto into production. Lie what’s the point of all these cyrtpo mining farms then.Decentralized; mining participants are global and cannot make changes to the network without consensus.
And yet transactions CAN be restricted if said blocks of crypto are called into question for validity. Thats still a form of censorship.Censorship resistant; transactions cannot be reversed.
Everyone's welcome regardless of their politics, age, gender, religion or region. If you think there's no value in that and it's all just a pyramid scheme then I think you're crazy.
That's the profile of any Ponzi scheme.
100% of the money you made came from other gamblers who lost their money to you.My story in cryptocurrency is no different than anyone making a smart decision to get in early on a stock they see attracting future investors and rising in value.