Not a sale though, anyone can set an asking price

The only reason bitcoin exist is because the government wants to get the population used to the Blockchain and tokenization of assets;transforming assets into digital representations that can be easily and securely traded, shared or owned in fractional portions on a digital platform.It will be pretty much the new economic system for the world after the dollar dies when all these asset bubbles eventually burst.Bitcoin is intrinsically worthless it’s through the blockchain that the governmental authorities can take total control of the worlds assets and impose their social credit system to keep the peasants in line.Remember they said “We will own nothing and be happy”agenda 2030.
Everybody pushing bitcoin is ignorant to think that the federal reserve would allow a currency that they didn’t control be popularized if it wasn’t part of their plan.

No one needs a Supreme pinball, though. It solves zero real world problems.

There's no shortage of pinball machines and the majority likely better than Supreme.

Scarcity doesn't alone create value.

How many problems has bitcoin solved for you personally other than "number go up"? The whole ecosystem around it is to horde it and never sell. I mean I love "number go up and never sell" as it pads my pocketbook, but to imply Bitcoin is solving current problems for US citizens is kind of stretch. If you offered me one bitcoin or one supreme pinball machine (approx same value right now) and told me I could never sell either one, the pinball machine is going to solve more problems for me (boredom) than the bitcoin honestly. The only use for Bitcoin right now in the US is trading for dollars, if you can't do that then you're kind of screwed as it would have no more value. That being said, bitcoin is going to be way more valuable than the pinball machine longer term if you actually can sell.

image_processing20201026-8180-pne04w.gif

I can't help you. Do the work yourself.

They must teach that response in Bitcoin school. Often when you make a solid point or ask a difficult question, their response is along the lines of "I can't help you. Do the work yourself." My other favorite is "If you can't understand, I can't help you". I've never seen out of place responses used consistently like this in any other discussion topic. It's interesting.

What I like is there are rules not rulers. Bitcoin is 3000 lines of codes.

Remember the Ottawa trucker protest?
Where the Canadian government froze not only the protesters but also the donors bank accounts. Assets that seizure resistant can be priceless. I have a friend who sold her house and the IRS thought that she had calculated the tax wrong on the sale and they automatically took the funds from her bank account. No warning no requests, just one day funds gone. She had to have her accountant contact them and only after the accountant proved the amount was done correctly did the return her money. Of course she had to eat the accountants fees. Had her funds been in a self custody wallet would have been impossible to take without the passphrase. In the 1930’s owning gold was illegal (with small exceptions). After watching covid lockdowns and out of control inflation I’m very wary of the what the government is capable of. The last two presidents ran up more debt than all the others combined.

A huge value is that Bitcoin is highly liquid more so than gold or stocks. 24/365 I can send crossborder transactions with no permissions needed and the fees are low.

And the whole crypto market derives it’s value from Bitcoin.

So it might be Bitcoin might be something else that comes but if it’s digital it’s likely to be Bitcoin compatible.

And the best part is if you hate Bitcoin/crypto then just don’t buy any. It’s definitely not a thing for everyone. Watching the price swings can wreck people mentally. So far 25% out of the time the value plunges down. Some people can’t handle that.

I've already made responses in this thread and the internet abroad for going on 7 years. I've come to realize nothing but one's own efforts to educate themselves and formulate their own conclusions about societal advancement and paradigm shifts will change their minds. It would be fruitless for me to carry on the debate. I know because I've had many.

The choice is all of ours and if you choose to remain ignorant and sidelined in regards to Bitcoin don't be surprised when at some future vector you come to realize all the signs were screaming at you and it should have been so obvious. Good luck. See you in the future. I'm good with my position on the matter. Will you be? Bitcoin is already living rent-free in your head or else you wouldn't even be posting in the thread.

Is the Canadian trucker thing really a good example for Bitcoin? Because in that situation I'd rather have had:

a) cash on hand
b) gold or silver than I can easily sell for cash at a local shop
c) any other asset that I could sell on Facebook Marketplace

No grocery store is going to take my bitcoin, so without my frozen digital accounts to convert it from Bitcoin to cash, it would have been useless as well.

I've bought a machine using bitcoin, and I've been trying hard to find another person to buy one from in bitcoin again!
If you are that person, or you know a shop, let me know!

This thread is hilarious, you can easily tell who know has never touched any sort of crypto and have no idea what they are talking about..

Bitcoin has value, as anything else has value. Whether you like it or not, that's for you to decide.
It's not hard to convert it into other assets, you could quite literally sell the bitcoin immediately if that's what you desire.

Most people prefer cash, I get that, but the guy who accepts bitcoin is likely going to hold onto it until haters are in disbelief, or they're just going to move that money into other assets, whether that be stocks, different crypto tokens, or buying higher end items, like watches or cars.

In my opinion, pinball is a rich man's game, most people cannot afford to put a pinball machine in their house.
A modern stern costs more than most people have in their bank account. Most high end items are accepting crypto nowadays.

It's only a matter of time before this becomes more normal, seems to me like the pinball community is behind.
Look out, the younger generation is here!

Yet you are willing to let it go young guy?

I know it would be better to use fiat while you still can and hold the bitcoin

Boy am I glad I missed this thread...lol. We are still so early.

I know little to nothing about practically owning bitcoin. But I have to ask - if the grid goes down, no matter how unlikely, or some rogue entity hits the US with an EMP pulse, what happens to the "money"? Sure you might have a report or something saying you own bitcoin but how to you prove that and who will give a crap?

I will agree that stock or bond holdings in major investment companies are not any better. Just a bunch of 1's and 0's that show up on a monthly report. But at least ownership if a stock indicates you have some proportional ownership of that company, however small. If the company does good, so will you.

That's why I think it's good to also have something tangible around. Cash, gold, silver, or crap you can sell for the same. No matter what, at least you have something of value in your hand if it all hits the fan. So what am I missing and why is bitcoin different from the tulip business from years back?

Ok I'm no expert but I've seen lots of Bitcoin arguments on Pinside and the answer will likely go like this...

"If there's an EMP strike and the grid goes down, your paper money will be worthless too!!!"

I mean that's not entirely true at least I can still wipe my ass with it.

I give you a dollar, you have a dollar. That ledger containing ownership will not update and the same bitcoin could be used as "tender" across multiple transactions.

I kind of agree with Levi. But at least old farts like me will probably continue to recognize and accept dollars for a little bit. Maybe not for long though. I guess I just have difficulty understanding what I'm buying when I buy bitcoin and how it is any different, at its core, than purchasing limited production Hummel figurines.

EMP wouldn’t affect Bitcoin just the computers effected by the emp.
If a new computer is started it can keep Bitcoin running. The blockchain validates balances so if any of the code is running it’ll know who has what.

I don’t see how the dollar wins in next decade

China has started dumping US treasuries and buying gold.

Japan yen has had four minor heart attacks which the US has held give them cpr so they don’t dump our treasuries they hold.

Going to be an interesting year.

The bitcoin network is global....so nothing would happen.

What makes you think it's an all or nothing proposition? I have cash, gold, silver, and real-estate investments. Bitcoin probably represents less than 1% of my entire portfolio.

I wouldn't know where to begin describing the differences. The Dutch tulip bulb market collapsed in February of 1637.

https://en.wikipedia.org/wiki/Tulip_mania

And really lasted months.

Bitcoin 15 years and counting.

I revived this thread last night and now we've had an absolutely insane day in crypto.

The guy who sold me a machine a few months ago using bitcoin, he is up even more on that sale if he held.

If someone would've sold me another machine already in the last month I've been searching, they would also be up

Yeah it can be a volatile market but it's only gone up and become more mainstream over the years.

Something I think a lot of people might not understand is that you can sell crypto for USDC whenever you want, which is 1 with the dollar.
You can't wipe your @$$ with it, as someone said above.. but it has value to MILLIONS of people around the world.

It's nice to see that there are some other people excited about crypto on Pinside too!

Noticed this thread the other day and the first thing I wondered was why using stablecoins for an easy digital transaction hadn't come up.

So yeah, I'm glad it was just brought up. For me, buying/selling a pin for a stablecoin would be easy and both parties wouldn't need to be concerned about the fiat value changing due to market volatility.

I also believe that after the transaction the seller could cash out to get fiat for the next pin they're buying with the funds from the one they just sold, or if they want to convert to BTC then sure, go for it. What's the down side to this approach?

Downside? None

Jesus wept. Do his tears have value?

Yeah, people buy other people's bath water on the internet. Everything has value to people in this day and age.
Comparing it to something like Jesus tears doesn't make much sense though, we don't know the circulation of his tears, and we can't see a chart..

Irrelevant

I'd say since I cannot verify the tears being sold to me indeed came from Jesus nor the volume of tears that were produced if they were from Jesus, but rather have to rely on trust solely with the person selling them to me that they are real tears straight from Jesus and of a limited supply per them, that NO, Jesus' tears possess no value on the market.

Even if they were real, Jesus could reappear at any time and produce more to diminish the value of the existing tears.

Big day today. PayPal just launched their own stablecoin on Solana, meaning you can accept $PYUSD (1 to 1 with the US Dollar) from anyone who is trying to pay for something in Solana. You'd then simple swap your PYUSD for real money and cash it out like you normally would on PayPal.

https://x.com/solana/status/1795836061647790108

Wonder how long it will take for people to actually comprehend how this works, and realize that not being willing to accept crypto is just turning down money.
I know I'd be accepting crypto if I was selling a lot of pinball machines but everyone with a modern stern is 20+ years older than me..

Irreverent...

Not accepting crypto means that a willing buyer will have to pay in cash.

ill buy a pinball machine with bitcoin
I would sell one as well

any leavers or takers in 100 mile radius of asheville?

ive got a
stranger things 0.096btc
star trek 0.080btc
Judge dredd 0.067btc

put you bit where your mouth is

Cash? That's ridiculous. Who's doing that?

I'd pay 0.09 btc for stranger things but I'm a bit far unfortunately, out in Indiana.