What the hell is (a) bitcoin?

[Superorganism]

Man searches landfill for $350m in Bitcoin.

[Joe Shlabotnik]

21st century, meet tulips.
Tulips, 21st century.
I think y'all have a lot in common.

[GeddyWrox]

[MrCrowesGarden]

Guy lost all of his expensive and somehow worthless virtual receipts of [expletive] drawings of apes

[Superorganism]

That’s too bad. LOL!

[AdmiralKird]

>Here are all the ways Bitcoin is environmentally bad.<

"Bitcoin is a new transformative digital asset, and we have to support that."

What.

[CardsofSTL]

I still like cash.

[Leroy]

Yeah, seriously. Trying to make it rain with crypto just looks dumb.

[AdmiralKird]

For cryptocurrency to have any real utility, the volatility needs to cool off. If that were to happen, there would be little reason for the public to speculate on cryptocurrency prices, given that there would no longer be the potential for massive returns. The smart money exits, the liquidity disappears and the bubble collapses. This is the inevitable fate of all cryptocurrencies, and we see this reflected in the simple fact that the median return on all these thousands of flash-in-the-pan coins is zero. Every crypto coin is just on a random walk to zero by a different path.

https://www.stephendiehl.com/blog/against-crypto.html

[G. Keenan]

For cryptocurrency to have any real utility, the volatility needs to cool off. If that were to happen, there would be little reason for the public to speculate on cryptocurrency prices, given that there would no longer be the potential for massive returns. The smart money exits, the liquidity disappears and the bubble collapses. This is the inevitable fate of all cryptocurrencies, and we see this reflected in the simple fact that the median return on all these thousands of flash-in-the-pan coins is zero. Every crypto coin is just on a random walk to zero by a different path.

https://www.stephendiehl.com/blog/against-crypto.html

Great read, thanks for sharing. @Superorganism you should share this with your brother.