This is the opening opinion by Alex Svitsky, author of “The Non-Communist ManifestoFounder of Bitcoin Times and host of Wake Up Podcast with Svetski.
It’s October 2022. Bitcoin Again less than $20,000.
RIP Bitcoin. She’s finally dead. You have lost your luster. Ponzi is over. The offer is over. It’s time to go home.
Next stop, $10,000, then $1,000, then $0.
Bitcoin has no hard cover, you can split it!
Let’s start by exploring the deep idea of ”inflation via divisibility”, Suggestion by The Amazing Coppola. Her theory may be how we solve world hunger and actually feed everybody with Not connected Pizza because “Subdivision eliminates scarcity.”
It really is extraordinary stuff.
Her fan clubs are starting to pop up in CFA circles around the world. See dick below:
According to experts, if you can break things down, you can actually make more of them!
Lord Keynes He would never have imagined himself such wonders.
Then there is Paul Krugman. One of the greats, he faxed the world his opinion, after being on the wrong side of history (again). I think he’s right this time. Bitcoin failed.
Fiat geniuses and Nobel laureates like Krugman are known for their amazing predictions, whether it comes down to it Internet effector more recently Bitcoin.
Krugman has been warning us all for years about the danger of getting involved in Bitcoin. Were you listening?
Sure enough, Young Liron Shapira below:
Oh, Shapira. How did we not notice that Bitcoin fell 80% (again) even though the same thing happened Many times in the past decadethat this time will be different, in the face of orders of magnitude more Hash rateAnd the governorAnd the Users And the technical developments?
Jeez. Bitcoin customers are ignorant fools. They have no idea!
It ended up being retail. There are no longer people on this planet who need good money and savings that will not melt like ice …
Back to the US dollar we go:
Oops…this is the logarithmic chart. The real difference is better represented in absolute terms. The last “bitcoin dead” stage can be seen in the lower right corner, where the arrow is pointing. This proves the point unequivocally. Bitcoin is dead.
a look! The US dollar may suffer a little, but at least with it we get it cheap tvs!
Reader: Please ignore the upper half of the following chart. Things like food, healthcare and housing Not Important. What matters is that we have a regulated broker of exchange issued by the digs in the central bank. Only in this way can we have a clearly functional society where prices for unrelated amenities like medical service go up while TVs go down!
Facebook on your MySpace!
Bitcoin failed to innovate. In 2022, we created a faster, newer and more “dEcEnTrALiZeD” blockchain, like Solana. Regardless, Solana’s backwards version is actually an “anal OS”. This is just a coincidence nym poisonous jiji.
We’ve gone from old school techniques like Proof of Work. We are now using energy-saving consensus mechanisms such as Proof of Stake:
Also – just in case you haven’t noticed, the Fed isn’t printing more money, so now venture capital firms have decided to take it upon themselves to print instead. The methodology is great and very simple:
Take a little seed money, mix it up with some tech buzzwords, wrap it up in a super healthy dose of modern marketing with friends on Facebook and Google, and then have it served up by everyone’s favorite celebrity on Instagram.
Why would anyone need something as boring as sound money in a world where money doesn’t even need to grow on trees, but can be conjured up with a few lines of code?
Why Would anyone need energy money, unduly rooted in the laws of thermodynamics that cannot therefore be printed, altered or manipulated, while you can get troubled hedge fund managers and investment banks bears to inject digital Ponzi schemes?
I mean, just look at the caliber of people who support “encryption”:
You bitcoin owners have philosophers, engineers, writers, artists, and members of memory.
What are they good for?
We have “influencers” and CEOs at JPMorgan, because “cRyPtO is dA fEwTcHa.”
Bitcoin for losers
You clearly failed because in 2022, you can be an artist and get paid straight. You can monetize your amazing JPEGs or created by Fiverr or created by AI on OpenSea and lemmings… I mean “fans”… will buy them because they the love your funk!
Didn’t you know this?
Why in the world do you still need Bitcoin when you can do it?
The NFTs have taken over and will continue to sweep the world.
Once again, Bitcoiners have failed to evolve and change with the times. Just as they missed out on the ICO, they lost on the NFTs. They will miss more.
why? Because there are so many…
Have you heard of the Metaverse, or the decentralized land on the blockchain? Why own real land in the real world, or something useless like a “value guarantee” when you can Akseli own land on a $1.3 billion network like Decentraland?
Metaverse projects are supported by the smartest people in the world, such as Andreessen HorowitzIt really is the future. Come join us and 38 other people on the net.
It’s a new world, and bitcoin is old news.
This is what happens when you don’t adapt and fit in with the world around you. You missed it all. Even for free money.
You bitcoin customers are so stupid that you don’t get any return. You’re sitting there with your silly value storage codes, locked in wallets doing absolutely nothing! seriously?
It’s 2022. Didn’t you know you have to make your money work for you? This is what Cryptocurrency and DeFi are all about! Another reason why bitcoin is so dumb.
using the force root vegetableswe figured out how to evoke the return of digital money which in turn is called from the code, which in turn is inspired by the imagination of the smartest 20 years in the world!
It’s magic all the way through, and we’re making all kinds of money.
DeFi, CeFi, Yield, yams. We have it all.
what do you have? Store value. Hahaha!
At least some of you are smart enough to encapsulate your bitcoins in ethereum and reward it, or at the very least, put your bitcoins in for 3%.
Sure there might be some risks, but you can’t make an omelette without cracking some eggs. This is what bitcoin customers don’t understand. To make progress, you have to move fast and break things.
Only Bitcoiners don’t get it. They are a brainwashed cult full of fascist conspiracy theorists and extremists who are preoccupied with being toxic assholes rather than coming to terms with reality.
This is why they are all wrong. The rest of us, who live in the real world, know the facts. It is very simple:
- Bitcoin is an ancient technology. It’s like Myspace for cryptocurrency.
- Central banks raise interest rates, which means they will never print money again. Jerome Powell is the new one Paul Volcker He will set the record straight, while Christine Lagarde, with friends at the European Central Bank, will save Europe.
- The great leaders of the World Economic Forum have all our interests in our hearts. they want to Make the world greenwill help Central banks create a digital currency for the World Central Bank (CBDC) is much better than Bitcoin.
- Unlike digital central bank currencies that will be given to everyone, bitcoin is distributed unevenly so that 10 people own it, like all of them. They can change the rules if they really want to. Richard Hart he said thatAnd he’s always right.
- Of course, there is a risk Satoshi Nakamoto Transfer his bitcoins. This will prove that it is not immutable. People are starting to realize that.
- Bitcoin does not have a security or development budget. When the block reward expires, all miners will be bankrupt because, 120 years from now, the price of Bitcoin will be $1,000, so there is not enough fees!
- Without a development budget, who will upgrade Bitcoin to Proof of Stake? Have you ever thought about that? I bet you didn’t!
And see. Most of all, bitcoin is not even real. I mean – did you touch one? I do not think so. How can something like this be of value? There is no intrinsic value.
At the very least, these are all reasons why you should have a diversified wallet, because you never know what the next bitcoin will be.
It’s been around for 13 years and it’s time for you to stop going up. And with everything that’s going on around the world, I think it’s pretty clear at this point. If you can’t see it, even with all the evidence from the experts, I don’t know what else to tell you.
Except of course:
Enjoy staying poor!
This is another guest from before Alex SvitskyauthorThe Non-Communist Manifesto,”, Founder Bitcoin Times and host wake up podcast. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
#Bitcoin #Fails #Bitcoin #Magazine