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Someone on r/bitcoin linked to this comment chain where someone hoped crypto would die so gpu's would become affordable again. The response:
"I hope more girls start growing up in poverty and without fathers so that prono becomes more abundant and depraved."
"Well then maybe they should ing grow up and recognize that using hardware to try to drive an entire ing economy is more important than using hardware to play fortnite on ultra instead of just high."
These people are so selfish and immature that they can't even understand why someone might care more about a hobby which brings fun ad entertainment to their lives more than their idiotic little obsession which no average person outside of their little bitcoin community gives a about.
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hamicuia
92 points
·
4 months ago
And if they increased production, miners would max out their credit cards, their parent's credit cards and who knows credit cards to buy all of them and post pics with 100 boxes of VGAs lying around to show that "they are better" than the other miners in the region.
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Peine
40 points
·
4 months ago
I literally had a stack of hundred dollar bills, fam... A stack of fifteen of those ers ready to pull the trigger on a rig I can play Oculus games on without breaking a sweat. Then I saw an image of a pile of GTX 1070 video cards right here on this subreddit. That cash went right into the bank. April is the cruelest month, or so I hope.
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AshingiiAshuaa
19 points
·
4 months ago
The wait won't be long now. We're seeing the moment of their greatness flicker.
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Peine
7 points
·
4 months ago
Yes, we're seeing it flicker, in the way nuclear weapons test sites flicker.
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bomerr
-9 points
·
4 months ago
(6 children)
savagetwinky
5 points
·
4 months ago
All the money going to these people are likely going to be recovered among all the ponzi lawsuites that are inevitable... Everyone buying these as investments are basically entering in a decentralized ponzi scheme.
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heyzo
4 points
·
4 months ago
/r/gpumining in a nutshell.
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zom-ponks
103 points
·
4 months ago
entire ing economy
I really do hope no one is that deluded that they would be referring to anything else than the scameconomy that is butts.
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[deleted]
42 points
·
4 months ago
I have seen many Bitcoin zealots who are sure Bitcoin will replace all currency in the entire world within a few years.
Be prepared to wait an extra 30 minutes every time you go out to eat.
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Theban_Prince
41 points
·
4 months ago
What gets me is that they are missing the biggest problem that crypro has, more than volatility, huge fees, slow transactions etc. Those can be fixed perhaps but there is one thing that will never be because it is paraded as a antiestéticature: Cryptos have negative inflation built in, meaning they are outright poisonous for the real economy. No inflation or negative inflation means people will be better off keeping their money under lock and key instead of doing the things that really keep the economy alive, investing in companies, buying stuff, etc. They should be horrified if the price always rises "to the moon" instead of being jubilant.
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mtaw
36 points
·
4 months ago
They're jubilant since the vast majority of them are just in it because they think they're going to get rich quick, while the now tiny minority that was a majority when they started out were primarily nutty American Libertarians with their paranoia over the government printing money and inflation, and equating ordinary inflation with hyperinflation, and of course predicting coming hyperinflation and the collapse of the government and/or banking system and/or society which is a common trope in that group.
That of course didn't stop them from wanting to have their cake and eating it too, so all along they've been touting it both as a superior currency and as a good investment, even though those two use cases are blatantly at odds with each other.
They're completely ignorant of basic economics such as the fact that hyperinflation and ordinary moderate inflation have completely different causes, that mild inflation is in fact a good thing, as you say. Not to mention - Who are all these people with massive cash holdings that have such issues with inflation? Scrooge McDuck is a fictional character. It doesn't take a lot of financial planning to just buy some asset and avoid monetary inflation. Not to mention the vast majority of people have far more dollars in loans than they do in cash - mortgages and so on. All else being equal, inflation makes most people richer in real terms.
Or you can look at how they refuse to accept that dollars are in fact backed by assets, even if it's not backed in the sense that they're guaranteed to be exchanged for a fixed amount of some specific asset. To them, fiat is backed by nothing and therefore the same as a cryptocurrency whose value is pure unbridled speculation. Despite the quite obvious fact that at a 10% change in the value of bitcoin has no economic effect, while a 10% change in the value of a real-world currency would lead to huge economic effects. (e.g. changes in the amounts of imports or exports)
It's not just some misconception, it's plain delusional.
Los teneis bien contentos.....
