Goodbye_BlueSky

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About Goodbye_BlueSky

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  • Location Dresden
  • Nationality neverland
  • Year of birth 1976
  1. Bitcoin - a decentralised digital currency

    Do you have some ideas on how secure it is ?  My feeling is small companies selling these type of products has less resources to make them really secure. On the other hand, really professional, expert hackers will seldom go after small individuals - the small booty is not attractive for them.   I agree with you and Mike 100% on this. I think there are many small smart things that are really not expensive anymore. We have automatic on-off switches for many appliances -  20 EUR for 5 appliances. That is absolutely fine. But the BIG, fancy, glamorous  smart home and smart appliances wont be normal until they are payable.
  2. Bitcoin - a decentralised digital currency

    For me one of the biggest fails in recent times was Smart Home. I heard so many words about how nice it is when your home, you freeze and washing machine is smart. But haven't seen any of my "really rich" friends ever buying any.   A colleague of mine who has a 170-180qm home once (5-6 years back) told me it would cost him 50K EUR or more to make his home smart. Its the programming of the software which is very expensive, he said. After 20 years all the buses/lines are old and may need to be replaced etc. A very expensive thing. I dont see anyone other than double digit Millionares doin that.  
  3. Bitcoin - a decentralised digital currency

      25% of the currency ever mined disappeared forever in 10 years, and probably will never see day-light again. Sounds like a currency which a world of 8 Billion should trust in.
  4. Bitcoin - a decentralised digital currency

    I can think of  many shady characters that I see a lot in youtube and other finance channels. Another thought : I heard somehwere that 2% Bitcoin owners own 95% of all Bitcoins.  If the number is anywhere close, then I think this is a disgrace to the Occupy Wallstreet and other movements (including BTC) that started after 2008 crisis. I see till today no real, good use for Bitcoin for the massive price and unbelievale energy it needs. But even if it was the super currency, how can it make things any better with 2% owning 95%?
  5. Bitcoin - a decentralised digital currency

    Looks like the belief that with BTC you can hide from IRS, FBI or the Govt got a scratch. 
  6. Bitcoin - a decentralised digital currency

    I am sometimes flabbergasted at the arrogance of Bitcoin proponents. When a Noble winning Economist or a Career Fund manager with backgroung in Mathematics/Physics says they see nothing revolutionary in Bitcoin,  their direct answer "They don't understand it" , "no one understands crypto"  " There has never been anything like Bitcoin before". And then comes people like Saylor who will say "Bitcoin stores all the energy of the whole universe in it's blockchains only to be unlocked later"  (from Superman may be) . No Economists or Finance experts other than a few hand-picked by God are able to understand this HUGE thing. But 18 year olds who doesn't know what "spread" is understand bitcoin. The irony of the story is that it started after 2008 Finance Crash to be someting better than Wall Street, and I believe the originators had something positive in mind. And now Bitcoin people are so cheerful and wellcoming when Hedge Funds , Ray Dalio, Goldman Sachs, Blackrock, Carl Icahn , Elon Musk and rest of Wall Street joins Bitcoin. 
  7. Bitcoin - a decentralised digital currency

    This guy (Robert Breedlove ) says Bitcoin will go to 12.5$ Million by 2030 Bitcoin to hit $307k by October, then $12.5 million by 2031 - Robert Breedlove - YouTube At that point Bitcoin will have to replace USD as reserve currency and may also have to replace Gold , Yuan, EUR, Pound and Yen 
  8. Bitcoin - a decentralised digital currency

    May be he is a legendary techno-king or a con.artist. If I listen to Saylor, for me he fulfills lot of points of the 2nd. I was reading opinion of  2008 Economics Noble prize winner Paul Krugmann: https://www.nytimes.com/2021/05/20/opinion/cryptocurrency-bitcoin.html?smid=tw-share&fbclid=IwAR30LWhL_E4LofmJpUA5pAw1XmGvTtGiPzru_fNrdYvySZFCiemKRIN3-yU I found the following very interesting: "But I’ve been in numerous meetings with enthusiasts for cryptocurrency and/or blockchain, the concept that underlies it. In such meetings I and others always ask, as politely as we can: “What problem does this technology solve? What does it do that other, much cheaper and easier-to-use technologies can’t do just as well or better?” I still haven’t heard a clear answer." "crypto boosters are very good at technobabble — using arcane terminology to convince themselves and others that they’re offering a revolutionary new technology, even though blockchain is actually pretty elderly by infotech standards and has yet to find any compelling uses."  - Saylor fullfils this point 100%  This guy got a Noble in Economics, one would think he understand some of Macro Economics, Money Policies, Money flow and technologies behind it. And I find his opinion on "technobabble " very appropriate. You will hear a lot from the Crypto guys " no one understands crypto", "it is genious", "no one gets it" "crypto is something else" etc. etc. @ silty1 "Money really has become the new drug" Why not ? Crypto has become the easiest "Get Rich soon"  scheme. And in no other P***i you could reach  so many people so easily from the whole world.
  9. Bitcoin - a decentralised digital currency

    Sssssh !!!!! A religious HODL will come and teach you how it can also go up in weekends    
  10. Bitcoin - a decentralised digital currency

    Bitcoin falls after China calls for crackdown on bitcoin mining and trading behavior Bitcoin price falls after China calls for crackdown on mining, trading behavior (cnbc.com) Looks like China even wants to go after BTC mining in china. China was once reponsible for over 73% of all Bitcoin mining. Now its said to be 65%
  11. Bitcoin - a decentralised digital currency

    No, this is a very solid argumen, donno why you dont get it. As a BTC owner, you are asking to be treated like a Lord or Count. There are only 21 Million BTC and some tech savy guys distributed among themselves the first 10 Million at the very beginning. Now they wants the whole world to work for them because they have these Goldy Goldy Bitcoins. Ofcourse the BTCs will change hand, but just like the Kings and Lords who had all the land before and others had to work for them ... " And anyway, if you are scared because BTC is "scarce',  I am not at all scared that BTC is scarce, I dont really care. It doesnt matther if something basically worthless is scarce
  12. Bitcoin - a decentralised digital currency

    What I meant is from 2009 till today 18.3 Million from 21 BTC - 87% of BT Wealth has already been disctributed in the current, mostly young tech affine population. There are supposedly 11 BTC billionaires,  300 with more than100 Million and 24-25K Millionares. Any child born in 2050 has close to Zero chance to make any wealth based on BTC, other than he has a BTC rich parent. And the future generations after that will have no chances at all. A very comfortable system for the current generation How does it make it better than the Fiat Currency status-quo?
  13. Bitcoin - a decentralised digital currency

    Currency is part of a Government or legal system. If anyone starts to print currencies and no one wants to pay taxes then we have a chaos very soon. As you said you dont want Governments and Social systems and take care of yourself, I will understand. But, who pays for all the services like roads and hospitals and schools and police etc? Anyway, I think your are right and a productive discussion isnt possible.
  14. Bitcoin - a decentralised digital currency

    I have a feeling its worthless to discuss with you. You seem to be in Bitcoin religion :)
  15. Bitcoin - a decentralised digital currency

    I am not a BTC expert and I dont know how to look at Blockchain to see the numbers, But my point is clear, there are currently >18 Million BTC. Is it known how many BTC Billionare are there ? How many people owns 50% of all BTCs ? In a Hypothetical world where BTC rules the Currency market a Child born in 2050 will have nothing. This will be a real s**t   You want a system where the biggest part of the possible wealth is distributed in 10 years, and anyone coming after that goes empty handed. Very unique