Bitcoin....who's gotten into it?

[stalefish3169]

I haven't followed this thread super closely, so forgive me if this is an ignorant question

Does anyone, in 2025 and with a straight face, still claim that crypto is anything other than pure gambling?

Some of the brightest minds and world's most powerful people think so. But DYOR.

[J. Barron DeJong]

It's funny that you keep calling me dense, when objectively speaking I've been very right on the big BTC picture for years now and you've been very wrong. Big facts.

Also, your understanding of BTC fundamentals is incorrect. BTC miners make money from transactions fees. So in fact, there is more money entering the system. While it may not be of value to most people in this thread who have immense financial privilege as North Americans, the ability to send money to anyone with an internet connection without centralized company or government is a major innovation, whether of not you choose to admit it.

The Bitcoin transaction fees are paid in Bitcoin, correct?

The receiver gets less than the sender sent - the miners skim it off, right?

[The Nuclear Option]

Come on! Who wouldn’t trust a bunch of shady people who you dont know who they are over a bunch of people that you dont trust but know who they are?

[stalefish3169]

The Bitcoin transaction fees are paid in Bitcoin, correct?

The receiver gets less than the sender sent - the miners skim it off, right?

"Skim" in the context of a scam refers to the act of secretly stealing small amounts of information or money from someone without them realizing it, often by using a hidden device to capture sensitive data like credit card details, usually at an ATM, gas station, or point-of-sale terminal, allowing the scammer to make unauthorized purchases later on; essentially "skimming off the top" of someone's account without their knowledge."

I get that you choose to use the word "skim" to imply some sort of nefarious behavior, but your choice was poor. The fees are well-known and extremely transparent.

Come on! Who wouldn’t trust a bunch of shady people who you dont know who they are over a bunch of people that you dont trust but know who they are?

Your clown shoes are getting bigger and bigger dude. The biggest miners are literally publicly traded companies. You can view massive amounts of information about them.

Here's an example even!
https://ir.mara.com/sec-filings

[stalefish3169]

LOL they did this thread's TL;DR

https://x.com/DocumentingBTC/status/1876303742020292720

Gotta spit on that thang!

[JimmyCarter]

[emoji637][emoji6[emoji640][emoji638]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]];[emoji[emoji6[emoji640][emoji638]][emoji640][emoji639]][emoji637][emoji[emoji6[emoji640][emoji638]][emoji640][emoji640]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji638]]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji639]][emoji6[emoji640][emoji638]][emoji6[emoji640][emoji638]]]LOL they did this thread's TL;DR

https://x.com/DocumentingBTC/status/...91;emoji638]]]

Gotta spit on that thang!

“We’re the cultist cult that ever culted!”

[J. Barron DeJong]

"Skim" in the context of a scam refers to the act of secretly stealing small amounts of information or money from someone without them realizing it, often by using a hidden device to capture sensitive data like credit card details, usually at an ATM, gas station, or point-of-sale terminal, allowing the scammer to make unauthorized purchases later on; essentially "skimming off the top" of someone's account without their knowledge."

I get that you choose to use the word "skim" to imply some sort of nefarious behavior, but your choice was poor. The fees are well-known and extremely transparent.

Maybe you should focus on the fact that, in a post trying to prove that you weren’t dense and that I didn’t know what I was talking about, you showed that you have no understanding of what I’ve been trying to get across to you, over and over, in numerous forms.

The transaction fees come from within the Bitcoin system. There’s no outside money flowing into the Bitcoin ecosystem because of them.

I still firmly believe that you are dense.

[The Nuclear Option]

Who controls most of the Bitcoin?
You dont know.

Why do you trust them?

"Skim" in the context of a scam refers to the act of secretly stealing small amounts of information or money from someone without them realizing it, often by using a hidden device to capture sensitive data like credit card details, usually at an ATM, gas station, or point-of-sale terminal, allowing the scammer to make unauthorized purchases later on; essentially "skimming off the top" of someone's account without their knowledge."

I get that you choose to use the word "skim" to imply some sort of nefarious behavior, but your choice was poor. The fees are well-known and extremely transparent.




Your clown shoes are getting bigger and bigger dude. The biggest miners are literally publicly traded companies. You can view massive amounts of information about them.

Here's an example even!
https://ir.mara.com/sec-filings

[stalefish3169]

Maybe you should focus on the fact that, in a post trying to prove that you weren’t dense and that I didn’t know what I was talking about, you showed that you have no understanding of what I’ve been trying to get across to you, over and over, in numerous forms.

The transaction fees come from within the Bitcoin system. There’s no outside money flowing into the Bitcoin ecosystem because of them.

I still firmly believe that you are dense.

Why do you spend so much of your precious little time posting in here then?

[J. Barron DeJong]

Why do you spend so much of your precious little time posting in here then?

Public service.

[bobz]

You know what's going to happen... Bitcoin will move up quite a bit again, at some point. And then, later, again. Eventually, nearly everyone will agree that "bitcoin won", and the people posting things like "but it has no value!" will stop spending "their precious little time" and making themselves look increasingly foolish. And that'll be your indicator that it's about to crash.

[MakersTeleMark]

Public service.

You inability to understand how synthetics inject capital blows my fucking mind. And you keep yelling it over and over. Do you really think everyone is just playing with 21 million btc?

[nickwm21]

[emoji637][emoji6[emoji640][emoji638]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]];[emoji[emoji6[emoji640][emoji638]][emoji640][emoji639]][emoji637][emoji[emoji6[emoji640][emoji638]][emoji640][emoji639]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]][emoji640][emoji638][emoji6[emoji640][emoji638]]]Some of the brightest minds and world's most powerful people think so. But DYOR.

All the living Nobel Laureate economists are bearish on crypto…

There’s being smart about economics and markets.

…and…

There’s being smart about taking other people’s money…..


Sent from my iPhone using [emoji638]][emoji640][emoji640]][emoji640][emoji638][emoji638][emoji638]]TGR Forums

[stalefish3169]

Public service.

Clearly you need to post harder.

[MakersTeleMark]

https://www.youtube.com/watch?v=M-W-wkOYYiU&t=571s

Woo for the Jong.

You are really fucking dense.

Yes, there is risk. But at least it’s mathematically possible for everyone who buys a stock or bond to come out ahead, and on average they do. BECAUSE THERE CAN BE MORE MONEY IN THE SYSTEM THAN JUST WHAT INVESTORS HAVE PAID FOR THE STOCK OR BOND!.

With Bitcoin THERE IS LESS MONEY IN THE SYSTEM THAN WHAT INVESTORS HAVE PUT IN BECAUSE MINERS TAKE SOME OUT AND THERE IS NO OTHER MONEY ENTERING! IT’S MATHEMATICALLY IMPOSSIBLE FOR THE AVERAGE PURCHASER TO COME OUT AHEAD!

Now will you STFU?

[stalefish3169]

You know what's going to happen... Bitcoin will move up quite a bit again, at some point. And then, later, again. Eventually, nearly everyone will agree that "bitcoin won", and the people posting things like "but it has no value!" will stop spending "their precious little time" and making themselves look increasingly foolish. And that'll be your indicator that it's about to crash.

We already know the headline.

bITcoRn CrAshes to 200K!!

[MakersTeleMark]

The Bitcoin transaction fees are paid in Bitcoin, correct?

The receiver gets less than the sender sent - the miners skim it off, right?

Seriously, do some basic research. https://river.com/learn/how-bitcoin-fees-work/

If someone agrees to send me 1 BTC, I receive 1 BTC. The sender pays a transaction fee to the miners for the work required to publish the transaction on the blockchain, just like if someone sends me a check, they pay for the postage.

Those fees are readily transparent on the mempool. https://mempool.space/

[J. Barron DeJong]

Seriously, do some basic research. https://river.com/learn/how-bitcoin-fees-work/

If someone agrees to send me 1 BTC, I receive 1 BTC. The sender pays a transaction fee to the miners for the work required to publish the transaction on the blockchain, just like if someone sends me a check, they pay for the postage.

Those fees are readily transparent on the mempool. https://mempool.space/

Fine. It’s semantically correct that the receiver gets the full amount agreed to. The seller pays the fee. In which case the seller loses more Bitcoin than the buyer receives, by the amount the miners earn.

Now do you want to address my main point, which was that this doesn’t result in any new money entering the Bitcoin ecosystem?

Remember that stale was trying to argue that Bitcoin could be positive-sum, akshewaly, because, yuh-huh there is money that comes into the system beyond what Bitcoin buyers provide.

[J. Barron DeJong]

…synthetics inject capital...

Ok, walk me through this like I’m the moron you think I am.

[MakersTeleMark]

Ok, walk me through this like I’m the moron you think I am.

Did you watch the video I posted addressing your post? Of course you didn't.

[J. Barron DeJong]

Did you watch the video I posted addressing your post? Of course you didn't.

I watched it for a few minutes starting at your time stamp. It talks about being able to gamble on bitcoin outside of personally holding bitcoin.

Maybe I didn’t watch long enough, but I didn’t see where money is coming into bitcoin wallets that would allow the average Bitcoin buyer to come out ahead.

Again, maybe I’m a moron, so explain it to me that way.

[MakersTeleMark]

What happens to everyone who holds any fraction of BTC when BTC hits an all time high? Do you think lambos just drive themselves off the lot?

[J. Barron DeJong]

What happens to everyone who holds any fraction of BTC when BTC hits an all time high? Do you think lambos just drive themselves off the lot?

What I think happens is that when people cash out their Bitcoin to buy Lambos it’s locking in greater future losses (on average) for everyone still HOLDL-ing.

[J. Barron DeJong]

Here, I drew a picture.



ETA: yes, simplified to not talk about ever changing flows from individual wallets and whatnot.

[stalefish3169]

LMAO Canada is about to be so fucking back.

https://x.com/intangiblecoins/status...76342842978599