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KFist (kfist@gs.smuglo.li)'s status on Wednesday, 17-Jan-2018 23:30:23 UTC KFist @moonman >last month one of my brothers asked me what I knew about bitcoins since he was just about to hop aboard
>told him that I could have gotten in back when they were still mineable with shitty laptops and have a couple grand worth of bitcoin by now
>also told him that even if I had that hypothetical bitcoin by now, there's no way I could cash it out since the overheads are crazy, the exchanges are crazy, and the process is slow
>unless I wanted to get a bucket of KFC in Japan or something
>also tell him that bitcoin would crash within the month because it's a gigantic bubble and there's no long-term investment since it's just a fiat currency with no intrinsic worth other than the electricity costs used to mine it
>unlike every other fiat currency it doesn't have the political, economic, and military might of a country to say it's worth anything either
>this convinces him to abandon the idea of investing in bitcoins
And whoa hey Bitcoin crashed right on time and I saved my brother some money. It's lovely. https://gs.smuglo.li/attachment/1142175- 御園はくい repeated this.