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0 pointsqeternity5y ago0 comments

This is true. It's also the tremendous irony of bitcoin evangelists narrative that fiat is worthless yet constantly touting every ATH (which is priced in that supposedly worthless fiat). Who cares what BTCUSD is if USD worthless?

And then you realize that this is pure speculation and the most ardent supporters are just praying for the greater fool theory to rain good fortune on them.

You need look no further than Coinbase, supposed beacon of our crypto future, IPO'ing and raising money in...that worthless green piece of paper known as the US Dollar.

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jdhn5y ago

The vast, vast majority of "bitcoin evangelists" couldn't care less about the actual mechanics of Bitcoin. They don't care that it was created as a digital F-You to fiat currency, and they don't care that it enables you to be your own bank. Just look at /r/bitcoin. It's 99% price/hodl memes, and 1% posts about the protocol & enhancements to the protocol itself.

tromp5y ago

For bitcoin protocol discussion there is the Development & Technical Discussion [1] on bitcointalk.

Some general cryptocurrency technical discussion can be found on r/CryptoTechnology [2]

[1] https://bitcointalk.org/index.php?board=6.0

[2] https://www.reddit.com/r/CryptoTechnology

sneak5y ago

In the decades-old tradition of foss collaboration, there is also bitcoin-dev@lists.linuxfoundation.org, which is quite good.

https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-d...

ekianjo5y ago

> You need look no further than Coinbase, supposed beacon of our crypto future, IPO'ing and raising money in...that worthless green piece of paper known as the US Dollar.

is it possible to do an ipo in crypto?

qeternityOP5y ago

...you mean like on one of the many many crypto exchanges?

An ICO is just an IPO by a different name. There are also crypto stock exchanges.

But more importantly, even if it weren't possible, why would they ever sell their shares for worthless legacy money? Unless...

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