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“All This Bitcoin Stuff Is Fake” – Splinter | $3,348.29

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All these imaginary “digital currencies” are just made up fake things….

What is Bitcoin? Nobody knows. I do not mean that nobody can offer a string of plausible-sounding words that seem at a glance as if they are describing a real thing, and apply those words to Bitcoin or even to “Ethereum” or any other “digital coin” that is “mined” on a computer (fake). I mean that none of it makes any sense….

On your computer you have a Bitcoin. Its value fluctuates wildly from month to month. You have no idea what you will be able to exchange it for tomorrow. You can’t buy a burrito with it anywhere. It is fake…

Instead of telling me computer words about what these digital currencies are, tell me this: Is it better than cash? That I hold in my hand? That buys me a burrito? That buys me a basketball? That buys me a house? That buys me a fighter jet? Is it better than that? No it is not…

Laugh your haughty laugh all you want. Enjoy calling me ignorant. I have a burrito and all you have is “code.” Yeah—code for “idiot.”

Eulogy made by: Hamilton Nolan

Source

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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