Are you retarded, a troll, or both?

You asked for an example of a company in the F500 using blockchain. Tesla uses Bitcoin as a treasury asset, ergo they use blockchain.

Facebook tried (unsuccessfully) to launch the Libra/Diem stablecoin.

Again, JPM has been experimenting for years and will continue doing so.

What I am thinking is the price today is simply "manipulated" until all the coins are out (halvings and adoption mixed with the boom busts of hysteria). That is worth speculating on

When all the coins are out (we'll all likely be dead or close to it by then) would not be the time to speculate. It can be a wide range of things by then, such as obsolete tech, non existent due to human extinction or scarcity no longer being a dilemma of humanity, actual money used instead of USD or some other world power's currency, or something no one has thought of to this point, or something that wasn't possible at this time in humanity

I don't think it's as important as people act that Fortune 500 companies just have to be invested/involved with BTC or that BTC replaces the SWIFT system tomorrow. Or even that entire countries suddenly flourish under the abandonment of their own shitty currency. Why does this all have to happen now, tomorrow, or even in the next 10-20 years?

Funny that you ask this and proceed to give an example of Facebooks failed experiment of blockchain lol

I don't think Facebook failed when trying to launch their cryptocurrency Libra on the blockchain.

I think the government pulled Mark Zuckerberg to one side and they told him you are not doing this.

They were never going to let Facebook launch their own currency that could pose a threat to the dollar.

I'm almost 100 percent sure this happened because Mark Zuckerberg doesn't give up. He's betting the farm on the Metaverse in spite of enormous losses.

It's a shame because if it happened it would have reduced the fees that companies like Visa and MasterCard charge for transactions enormously.

And yet you keep ignoring the fact that the largest bank in the world has been experimenting with blockchain tech for years.

It takes all of 5 seconds to Google "fortune 500 blockchain" to see dozens and dozens of examples of companies experimenting.

You act like 15 years is a long time. The Internet (TCP/IP) was invented in 1983 (with precursors as far back as the 1960's). What was the state of adoption and e-commerce in 1998?

Yes, there were countless examples of experimenting without a use case for years. Why are they even experimenting and not just make something useful? You would think in last 15 years of low interest rates and billions thrown at tech we would move past experimenting.

15 years in todays tech is literally ages. Not sure why you guy always bring up adoption curves from 40 years ago when we live in entirely different environment when it comes to tech adoption. Buggy ChatGPT3.5 improved to ChatGPT4 powerhouse in months.

Another bad take is using 60s as early days of internet. While true, an honest starting year should probably be 1993-1995 - early days od WWW. What was the state of adoption in 2008-2010?



Blockchain was first mentioned and developed in late 70s, early 80s yet you always say “only 15 years”.

In 1985, when I was in my mid-20s and working in book publishing, my father asked me what I wanted for my birthday. I told him I wanted to get an IBM PC clone—we were just starting to use dedicated word processors and PCs in my office, and a Korean company called Leading Edge was selling a lower-priced version of the hot, new IBM product for $1,300 or so. I asked him if he could contribute something toward that, and he said sure.

A week or two later, he asked me again what I wanted for my birthday. I reminded him of our earlier conversation. He said he had spoken to a colleague of his who specialized in analyzing tech companies (my father was a partner at a Wall Street investment bank), and this colleague told him that PCs were a passing fad; there was no point in spending any money on one.

What I don't understand, Professional Bullshitter, is why you would spend years not only reading but regularly contributing to a thread in which you think the majority of participants are detached from reality. What benefit do you derive from spending so much time and effort in this way?

Meantime, here is Michael Saylor's keynote address from BTC Prague. Titled "The Future of Bitcoin," he makes a very compelling argument (with slides!) that Bitcoin is the best money and the best investment one could possibly make:

.

He's a fed waiting to be called in front of Congress for his 'expert' testimony just like the Prometheum CEO.

Please use the containment thread: https://forumserver.twoplustwo.com/3...-fail-1810085/


I'll move this conversation there later today.

agamblerthen brings up an excellent point: if this time were spent looking for a way to make money instead of attempting to convince others that they won't make money, you'd probably be in a far better off spot.

If you can't believe how detached from reality this thread is... then stop posting here!

What benefit did you just have from asking this question? It’s a forum, a past time, relax. You don’t have to monetize everything, crypto bro.


BSG, I would be in the exact same spot regardless. You act like I quit a job to post in this thread lol

I'm not saying you quit a job to post here, I'm saying if you'd used your time productively you could have accomplished... something. I don't know what you think you're accomplishing here.

Not quite sure how to interpret that coming from someone with 37000 posts.

I tried to talk Kekeke out of selling his real estate and fomoing in but the cult was too strong - his last post was “US Army cannot stop Bitcoin”. Poor guy. He literally lost half a building listening to crypto experts.

37,572 posts.

You'll notice I didn't say you shouldn't post at all, I asked what you're attempting to accomplish when posting about crypto, something which you don't believe in and which puts you into the middle of a group of people who are all "detached from reality".

I just said it, tried to stop Kekeke from selling real estate and investing into a negative sum game.

Not all are detached from reality, just the few ones deep in the cult. There are a few voices of reason. Rafiki and PZ come to mind. There would probably be a lot more if Bitcoin maxis weren’t so hostile to anything but Bitcoin will save the world.

Very altruistic of you to attempt to save us.

Let us at least have fun losing money.

I said Kekeke. If you guys could read you’d solve 90% of your problems.

You answered that in response to a question about what you are hoping to accomplish by posting here now, so I assumed it was an example of what you are trying to accomplish by posting here now.

If you were just trying to save Kekeke, then I have to ask the same question as you didn't really answer it: what are you attempting to accomplish when posting about crypto, something which you don't believe in and which puts you into the middle of a group of people who are all "detached from reality".

I'm pro bitcoin but we live in a much more connected world now and the barrier of entry into bitcoin is alot lower than it was for most of the world during the early Internet and PC stage.

Not only did you need to buy the expensive PC; Just see below but the Internet infrastructure was dial up in the beginning. Now people can buy a smartphone at very cheap prices and have a PC in their pocket and it's very easy to access the Internet these days for most of the world.

It's easy to see why many probably felt that way at the time. $1,300 was alot of money; especially back then to fork out for a PC and for most parts the world it wouldn't have been on their radar. Apple Vision pro might be a worthy comparison for modern day. I don't see most people forking out $3,500 for that but maybe a half decade down the line the prices will come down and the metaverse will be a thing and the technology adoption will take off.

Good story. Did you end up getting a PC then? When was your first PC?

Straw mans and projection. Pretty sure PM did not come here to save anyone

There is a lot of talk about how essentially infinite money is thrown at any given project, concept, or idea, and notation that change is more rapid than ever now that we've become so interconnected...

But imo people might want to consider that the timeline for change may require a slow pace? The idea of the eradication of banks, removal of USD as world reserve, governments toppling, countries collapsing...

Does not happen overnight no matter how collectively smart the brain trust is, nor how funded. It just doesn't work that way. Just because I made a comparison about BTC infancy sentiment to the WWW infancy sentiment does not mean the timelines will be even remotely the same...It might require conditions that simply aren't possible for 50 years

Haven't gone through in depth, but seems it may cover some recent questions here

It's instructive to distinguish "blockchain" as used in peer-validation quorum applications like BTC vs the more general uses blockchain (more specifically, interdependent chains of merkle trees), such as how it's used in git, the world's leading source-code version control application.

The peer-validation/BTC implementation of blockchain is a glorified Rube Goldberg machine. It solves the problem of a trustless system by making peer nodes run around in pointless circles solving computationally trivial but intensive problems and then requiring 51% of them to confirm with a mutually-agreeable answer. It's akin to proving you own a car you're selling by driving it across country 10 times and having all the people you meet along the way vouch for you as the owner. It's a horribly inefficient, energy-intensive brute-force algorithm that will never scale or have applications outside of some very niche scenarios. This is why "blockchain" as people understand have not found uses outside of speculative cryptocurrencies even after years of trying and billions invested.

In contrast, the use of "blockchain" in applications like git don't have an inherent requirement for a trustless model, which means its chains of merkle trees (the repository) can be verified with just a single iteration of hash calculations. It's a beautifully crafted use of the algorithm. It's likely how the true digital replacement for fiat physical money will be implemented, with the trustless model replaced by a distributed certificate signing authority system, similar to the way SSL certificates for websites is handled.