Bitcoin Is Worthless Says John McAfee After Predicting It ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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I took this screenshot from the Simpsons episode about crypto currency. They claim this to be the solved equation that renders all bitcoins worthless. What are your thoughts?

I took this screenshot from the Simpsons episode about crypto currency. They claim this to be the solved equation that renders all bitcoins worthless. What are your thoughts? submitted by thenicestass to Bitcoin [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to Crypto_Currency_News [link] [comments]

Macroeconomic Researchers Call Bitcoin 'Worthless'

Macroeconomic Researchers Call Bitcoin 'Worthless' submitted by tommygunz007 to Bitcoin [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to btc [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to CryptoCurrencies [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to Rad_Decentralization [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by cryptoanalyticabot to cryptoall [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by cryptoallbot to cryptoall [link] [comments]

Blockchain success makes Bitcoin worthless

Although I don't think it's likely, if blockchain were to become a staple of financial infrastructure then it just makes Bitcoin worthless. No doubt the technology would improve, and the only thing going for Bitcoin would be that it was the first. In every other way the new systems would be better.
So every time a bag-holder sees blockchain in the news and declares it "bullish for Bitcoin" they're actually cheering on their own demise. It's similar to a small company coming up with a new idea, not bothering getting a patent, then cheering on the fact that a much larger company is coming along, using the idea and improving it. You'll end up out of business. It's actually worse than this because you're just a token holder, not a shareholder.
If you're a bag-holder you want it to stay niche and with a mysticism to it, as this is the only thing keeping any interest. If blockchain ends up everywhere you're fucked. Try selling someone a number on a spreadsheet based on the power of "MS excel" technology and you can get a glimpse of your future trying to get your friends to buy Bitcoin.
submitted by fred_star to Buttcoin [link] [comments]

Is my .05 bitcoin worthless because of Transaction fees?

I have collected about .05 bitcoin from bitcoinget over the past month. I was told that if I ever try to spend it the transaction fee will be extremely large. Is this true, why? I hope this is not true because it was stoking my interest in btc. Just like a bank, hidden fees attack me again .
submitted by Doblin to Bitcoin [link] [comments]

World Crypto Network - The Bitcoin Group #187 - Bitmain Evaluation - Bitcoin Worthless? - Bcash Split - Hydro Dam

World Crypto Network - The Bitcoin Group #187 - Bitmain Evaluation - Bitcoin Worthless? - Bcash Split - Hydro Dam submitted by Yanlii to cryptovideos [link] [comments]

A panic sell could leave onchain Bitcoin worthless

We haven't had a panic sell since the blockchain became backlogged. A lot of people here are not investors or traders IRL and may not understand what could happen if there's a flash crash or panic sell.
A panic sell of Bitcoin right now could be like a rush to the exits in a building with too few exits.
Bitcoin held onchain in cold or hot wallets will be stuck as the market dives.
But Bitcoin held off chain on exchanges will trade normally.
So there can be a significant divergence of price between liquid Bitcoin on exchange and illiquid Bitcoin onchain. This is indicative of a fungibility problem.
We can see from this example/ warning the danger of being unable to absorb peak onchain transactions without creating a long backlog.
submitted by tsontar to Bitcoin [link] [comments]

Macroeconomic Researchers Call Bitcoin ‘Worthless’

Macroeconomic Researchers Call Bitcoin ‘Worthless’ submitted by ravikaash to Cryptoalert [link] [comments]

Macroeconomic Researchers Call Bitcoin 'Worthless'

Macroeconomic Researchers Call Bitcoin 'Worthless' submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Bitcoin worthless

The following post by baygina is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/81azxl
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Can someone explain to me how Ethereum could render Bitcoin worthless?

submitted by bitcoinatmguy to Bitcoin [link] [comments]

What are the doomsday scenarios of Bitcoin? Are there events that could make Bitcoins worthless on day?

*one day
submitted by wakka54 to Bitcoin [link] [comments]

How much would it cost to make Bitcoin worthless?

How much would it cost to make Bitcoin worthless? submitted by Liongrass to Bitcoin [link] [comments]

Unfamiliar with bitcoins, I wonder: would quantum computer make bitcoins worthless?

Unfamiliar with bitcoins, I wonder: would quantum computer make bitcoins worthless? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Worthless but I still love it :)

The following post by RabbitMann101 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/76tj7j
The original post's content was as follows:
https://i.redd.it/7p3x4h2699sz.jpg
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

So Is My Bitcoin Worthless Now in MTGOX?

So I had 50 BTC. Its still in my mtgox account, but I can not withdraw. Will I ever recover these funds and be able to transfer to another wallet?
Opinions?
submitted by Rob768 to Bitcoin [link] [comments]

Bitcoin will be worth $1'000'000! Here's why... Bitcoin Completely WORTHLESS? Programmer explains. - YouTube Bitcoin is Worthless in Long term Says Veteran Stock ... Bitcoin Is Worthless for Payments + XRP Mentioned by Frances Central Bank  CDBC moving across XRPL Bitcoin is worthless artificial gold... Munger says! - YouTube

Many will argue that bitcoin becoming truly worthless is extreme. Sure, looking at some memorable fads and bubbles, tulips still trade for $10 a bunch and Beanie Babies are fairly priced at $5. Bill Pugliano/Getty. Warren Buffett trashed bitcoin and other cryptocurrencies as worthless in a CNBC interview on Monday. "Cryptocurrencies basically have no value," he said. Despite this growth, Bitcoin’s detractors have long argued that it's only a matter of time before it collapses back to zero; former Bitcoin Cash proponent Calvin Ayre recently stated that Bitcoin is worthless, while American business tycoon Warren Buffett has frequently lambasted Bitcoin, and recently told CNBC that all cryptocurrency ... The minute Bitcoin would ever begin acting like a real currency, would be the day Federal Regulators ban it. This is probably the biggest reason why bitcoin is worthless! Fraud Wash Sales Trading. CNBC discovered in March that most Bitcoin trading was illegitimate. Bitcoin is worthless. — John McAfee (@officialmcafee) April 4, 2020. In response various users criticized McAfee for past predictions he got wrong – including for various altcoins – while others tried to defend BTC has value. McAfee is well-known in the cryptocurrency space for a famous $1 million bitcoin price prediction. On social media ...

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Bitcoin will be worth $1'000'000! Here's why...

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