Daily reminder that bitcoin is tulip mania 2.0

topkek

This is one of the most racially ambiguous humans I've ever seen.

How'd you get a pic of my cousin?

WIPE YOUR GOD DAMN MOUTH YOU FUCKINNNNNNNNNNNNNNNNNNNNNNNNG REEEEEEE

Tulips can be grown and infinitely reproduced at practically zero costs.
What about bitcoins?

she's a jew

Gotta love this nonsense spewed by people who completely missed the boat on anything regarding Internet. These people literally don't get it.

noone has still provided source, reeeeeeeee

nice, just sold 100k

reeeeee millennials cannot succeed! how the fuck do I even buy Bitcoin?!?

Why the fuck would you want sauce on that ugly mulatto, have some self respect you cunt.

top kek

This. When you realize every Dick, Jill, and Harry are getting into crypto, you know it's a huge bubble. The final crash will be swift and devastating.

>she's a jew
she looks like mexican-mongoloid-white hybrid with bleached hairs and strange skin color.

diversity.....racemixing ...result

>and strange skin color.
* and has strange skin color.
wtf

But they're not.
Normies still don't want to touch it.
If they did, BTC would have risen past 10k by now

This is the truth.

Seems like everyone I talk to, even really tech savvy people, follow bitcoin in the news but that's about it. Then they see something about hackers using it and say "See, this is why I prefer REAL money." or "I don't trust money I can't touch".

We have a loooong way to go.

today i was browsing e621 and sankakucomplex

not a single bittrex r34 picture....
not a single bitcoin picture
seen only one with doge mentioned as text....

we are really still not mainstream guys...

only ones who pushed it to mainstream are tech youtubers who showed how to mine... and who blamed miners for shortage of videocards (of course they did not blamed companies who
give THEM free review samples but don't make enough cards to sell)

Here are a couple of things to say in regards to Bitcoin = tulips.

The first is that, even if we take the underlying premise as true, that cryptocurrencies have no lasting value and will return to zero (which I don't believe at all) then we are still at an adoption phase that is early.

We are only just transitioning out of the fanatic fringe of adopters to the "early adopters" phase. On this basis, there are still many good times to be had in crypto.

Next, crypto has a pressure release mechanism that makes it bubble resistant. This is the continuing death of useless tokens.

As coins are found to have no lasting justification or use case, they disappear into the 600 and growing group of "dead" coins. This is actually a good thing for the crypto ecosystem. A "survival of the fittest" mechanism is constantly at work to weed out the worst coins, and advance coins that have an actual use and return. This prevents speculation on tokens that have proven to be worthless over time, and acts as a pressure release valve for crypto in general.

Third, it's simply not a valid analogy. Cryptocurrency is the internet of money. As cryptocurrencies come to be perform specific functions better than fiat (and given the amount of development in this sphere this is a question of "when", not 'if") a growing number of people will willingly transition their money from the existing fiat staple to crypto. As a simple example, consider Monero. It is already, in this moment, a far better option to move around with large amounts of (fungible, untraceable, anonymous) Monero than with large amounts of cash.

While this may not be completely clear in the west, it is extremely obvious to anyone operating in less stable state.

If you can memorise your seed, YOU CAN CARRY UNLIMITED AMOUNTS OF ANONYMOUS CASH IN YOUR MIND.

That's not a tulip. That's not even a dot com boom. That is a profoundly superior way of moving value around with you.

Crypto is here. It's over.

It's the dotcom bubble. The core technology is very real and there's nothing wrong with it, but many ICOs are at worst scams and at best unnecessary but still receive undeserved investment thanks to hype surrounding the emerging tech

How does one setup an ICO scam? I could probably bullshit a whitepaper and put up a website with pictures of dudes with European sounding names.

Good luck outsmarting the reddit detectives

iggy azalea ends up doing porn who would have thought

>The core technology is very real and there's nothing wrong with it

It's slow as molasses and extremely inefficient.

Is that really something to worry about? The mindset I see around here is to just pump BTC/ETH into shit even if it's a scamcoin because the "nature of ICOs" or someshit is for them to 10x the first few days after they hit exchanges.

Really starting to wonder if I could actually get like 200k