The more I look into crypto, I just can't believe this shyt is as popular as it is. When this bubble burst, whats gonna happen to the financial system

[Bushmaster69]

The more I read, the less sense it makes. Again, yall don't even know who invented this shyt.

We dont know who invented btc. You are right.

There are many hypothesis about the inception of btc. Even ones that include it was a US created beta test coin that would pave the road for other technologies.

But that doesn't mean it isn't useful. That doesn't mean we dont know who the inventors of better blockchain technologies are.

No one knows for certain who invented the wheel. Does that mean we shouldn't make our car tires in that shape? Or that Michellan Tires are not to be trusted because the originator is unknown

Come on man.

 

[Eternally Jaded]

Defi? People made millions off Terra Luna, it was over $100. shyt I put $10k on Anchor protocol. Fortunately I took all of it out right before it crashed. Yea a lot of people made money from these alt coins, but even more probably got left with nothing.

There's WAY more to defi than Luna or Anchor.

AAVE, Maker, Curve etc.

Just providing liquidity on these protocols is enough to bring in a yearly 6 figure income, if you're big enough.

Quit playing.

Yes some have gone belly up but there's a bunch just working in the background with little buzz or fanfare.

What is Yield Farming? | CoinGecko

Yield farming is one of the defining traits of DeFi. In this article, we will be exploring what is yield farming and how does it work.

www.coingecko.com

 

[Problematic Pat]

not realty. the cat is a thought experiment not the foundational basis.

planck did the theo basis IIRC. i need to look it up.



it's a probability dist. you can demo the dist via repetition.

The real issue is that in order for a quantum computer to be able to calculate anything that can be of any practical use it would need to be scaled up to 1 million qubits. The quantum computers they have right now that are being hyped up are only up to 50 qubits. Google was talking about their quantum computers tapped into the multiverse
People are getting paid gigs to give lectures on this shyt. Companies are fleecing rich folks who believe all this bullshyt so they invest in them. Governments around the world are throwing money into it. It's all a shyt show.

 

[Leasy]

There are some coins that are scams but some coins actually have the technology to change the industry. Bitcoin to be honest is the weakest fukking coin tech wise.

 

[null]

The real issue is that in order for a quantum computer to be able to calculate anything that can be of any practical use it would need to be scaled up to 1 million qubits.

delusional.

qubits are analagous to platform width / registers. you don't need millions.

they are not analagous to ram.

The quantum computers they have right now that are being hyped up are only up to 50 qubits.

nah.. they are up to several hundred qubits by now.

Google was talking about their quantum computers tapped into the multiverse

google just showed that noise reduction (error correction) works.

AlphaQubit tackles one of quantum computing’s biggest challenges

AlphaQubit is an AI-based decoder that identifies quantum computing errors with state-of-the-art accuracy.

blog.google

People are getting paid gigs to give lectures on this shyt. Companies are fleecing rich folks who believe all this bullshyt so they invest in them. Governments around the world are throwing money into it. It's all a shyt show.

the biggest issue is noise.

then algs.

then coherence.

 

[null]

There are some coins that are scams but some coins actually have the technology to change the industry. Bitcoin to be honest is the weakest fukking coin tech wise.

now you are really babbling.

 

[Michael's Black Son]

You missed the boat. Most of us did

Don't be salty at 2am eastern standard time before Xmas

The overwhelming majority of people missed the boat. Even in 2017 the ship kinda already left the dock. Financial institutions tried to get in on the action and even they are late but they have bags big enough to play.

But the $10-15 BTC days are ancient history and as wild as it sounds, cats should’ve dabbled in crypto around the time this site was created. That was the right time to jump in.

 

[Uitomy]

Considering i've made 5 figures off it this year alone and there are some here who have even made 6 figures and more off it, sounds like one hell of a scam to me

Usually scams make people 5-6 figures, for the scammer

 

[null]

We dont know who invented btc. You are right.

he is wrong because ...

There are many hypothesis about the inception of btc.

the description of how it works in on bitcoin.org

https://bitcoin.org/bitcoin.pdf

the code is public on github Bitcoin




clone it
run autogen.sh
run configure
make
make install
cd src
./bitcoind

 

[Uitomy]

The only thing that has me concerned is I don't think the creator intended for bitcoin to be 100k+, realistically, mainstream I don't think it'll ever get adopted, so it's value and impact is missing the point of its creation.in a couple of years it'll be 20 years old and people still won't be using it in mass for value or trade, and you can't hide your purchasing from the government so I don't really think bitcoin will ever be used as intended.




Personallly I think self investment is better, I've made more money in my buisness than I could've ever hoped in crypto and I don't have to depend on people selling low and losing to make profit.

 

[gho3st]

You missed the boat. Most of us did

Don't be salty at 2am eastern standard time before Xmas

Understatement. shyt is selling for over 100k per coin . Fell as low as 36K during ukraine war. The whole time we were telling nikkas on here to get on it. It was worth even less than that 6-7 years ago

 

[Bushmaster69]

OP is this your mans in the video? Is this who you get your info from on crippin? I mean crypto?

 

[null]

The only thing that has me concerned is I don't think the creator intended for bitcoin to be 100k+, realistically, mainstream I don't think it'll ever get adopted, so it's value and impact is missing the point of its creation.in a couple of years it'll be 20 years old and people still won't be using it in mass for value or trade, and you can't hide your purchasing from the government so I don't really think bitcoin will ever be used as intended.

it's global

 

[Rarely-Wrong Liggins]

You can make money in crypto but it's just like Tesla stock, fueled by hype and willing idiocy. The bubble will burst eventually but I don't think it will do much damage to the overall economic system. It's one of those things where when there is an implosion it is usually self contained within that sphere.

 

[the bossman]

realistically, mainstream I don't think it'll ever get adopted, so it's value and impact is missing the point of its creation.

Governments are buying BTC . Pension funds are buying. University endowments. We're not in 2014 anymore