this post was submitted on 07 Jul 2024
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So much for Blockchain's real life use cases (lemmy.ml)
submitted 4 months ago by whydudothatdrcrane@lemmy.ml to c/memes@lemmy.ml
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[–] zalgotext@sh.itjust.works 3 points 4 months ago* (last edited 4 months ago) (2 children)

Crypto coins collapsing or people being rugged? Not Bitcoin.

Bitcoin has collapsed like three times in the last like 7 years dawg.

But it has a clear use case.

Sure, I suppose, if you count things like "destroying the environment" and "lining Nvidia's pockets" as "use cases".

[–] Socsa@sh.itjust.works 7 points 4 months ago (1 children)

Hey, you forgot being the world's slowest payment processor

[–] Strawberry@lemmy.blahaj.zone 2 points 4 months ago

and one of the world's most scammer-friendly and least-anonymous

[–] makeasnek@lemmy.ml 3 points 4 months ago

Bitcoin has collapsed like three times in the last like 7 years dawg.

If you bought 1 BTC 15 years ago, you still have 1 BTC. It has not collapsed. The price relative to USD has collapsed a few times, but the average trend is growth. Bitcoin does not guarantee any price relative to any other currency, because it can't, all it can guarantee is a stable supply of currency. The USD, in that time period, has lost >20% of its purchasing power as well, so the USD also "crashed".