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Bitcoin : the epitome of capitalist degeneracy

Here is the future of mankind, retards dumping ever more money into their magic make-believe currency with little to no regard towards any productive contribution to society, common good or even basic human decency. Greed crystallized in a completely fetichist fake currency.

Other urls found in this thread:

blockchain.info/unconfirmed-transactions
therealmovement.wordpress.com/2014/01/20/a-brief-note-on-bitcoin-and-labor-theory/
en.wikipedia.org/wiki/Blockchain
en.wikipedia.org/wiki/Proof-of-work_system
en.wikipedia.org/wiki/Proof-of-stake
motherboard.vice.com/en_us/article/ywbbpm/bitcoin-mining-electricity-consumption-ethereum-energy-climate-change
spectrum.ieee.org/computing/networks/blockchains-how-they-work-and-why-theyll-change-the-world
twitter.com/AnonBabble

Euros and dollars only have value if you believe they do, just like bitcoin retarded OP

doubt.png

euros and dollars are enforced to be accepted. You can actually buy a food for them.

Bitcoin is the perfect example of what Nick Land was talking about, a runaway process that grows in order to grow, with no other purpose except its nihilist self-expansion.

I wouldn't think of bitcoin being a currency more than anything. The closest I could pin it to is the virtual equivalent of gold.

I think you mean late stage capitalism

To be fair, it's still make believe currency. That's the whole point of currency.

Not that I want to defend cryptocurrencies in any way, it just seems stupid to me. In my experience there's two types of people into cryptocurrencies: sly cappy types that know this isn't going to last and are just squeezing it until they have the chance to, and your run of the mill dummy who thinks this is totally the future, man, and farms bitcoin with his shitty pc by night. It's just a meme.
also
pls

I haven't read up on this because I never bothered due to how stupid it seemed. Ok…

yes, but it's easier to believe in currency if I know that merchant who do not want to take my coins can be forced to do so by police