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Joined 7 days ago
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Cake day: June 12th, 2025

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  • if you sell something for $1 at 10am your $1 still buys $1 at 10pm.

    This is untrue for pretty much everything, even fiat. Everything is a market. A good example of this: stocks.

    in crypto, it’s easily manipulated, and that’s by design.

    Now this is just false. You’re just inventing fake facts here. You clearly know nothing of the history of crypto.

    If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.

    Uhh no? 1 BTC will always be 1 BTC. Its value compared to other assets will change though. And in that case it would have less value indeed. You’re just allergic to high variations and high risks assets. Stocks is exactly the same. Some assets vary more than others. Let me assure you the value of BTC will never do a +/-10x in a day

    tell me, what governing body or economy is crypto backed by?

    Emission (POW, POS…) (or total stock), demand and offer and perceived value, just like everything on earth?



  • You don’t understand how crypto works it seems

    It literally requires every connected wallet to process the same transactions as everyone else

    That’s misleading. Your wallet scans blocks for transactions that goes to your wallet, but this is super fast for many cryptocurrencies. Wallets usually sync in seconds.

    this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.

    No. The main reason is block size and block emission period. Also, you’re completely forgetting the fact that non Proof Of Work cryptocurrencies exist, and have close to 0 electricity cost

    The entire idea behind it is what a third grader might come up with and think it’s a great idea. It’s not.

    If they do they’re pretty much a fucking genius for their age