Bitcoin
01-18-2018, 08:24 AM,
Post: #1
Bitcoin
With a traditional investment, you either receive a commodity like gold or a share in a company - something that always has value to an extent. With bitcoin there is no backing, so the theoretical minimum would be effectively zero cents. Couldn't that lead to a scenario where there are zero buyers, so that people selling suddenly find themselves holding the bag with no takers? And there are multiple exchanges with different exchange rates, but they don't hold the money themselves - simply charging a transaction fee no matter who is buying or selling. Are these pure exchanges, or would they do middle-man exchanges to artificially increase the price to suit themselves - or even mine their own to make money directly?

Wtf
01-18-2018, 10:45 AM,
Post: #2
RE: Bitcoin
You're probably too young to remember Pogs. Or Beanie Babies. Or Magic: The Gathering.

It's like that. You get convinced to buy this thing. Others say they'll pay high dollar for it. Some even do. Then folks lose interest and you have a box of pogs.
bedstuy Wrote:mocking a pair of $500 jeans is a form of class warfare... why do you hate my social status?
01-18-2018, 03:59 PM,
Post: #3
RE: Bitcoin
I should add some blockchain to this forum. I could probably attract some serious investors.
A massage doesn't always have to lead to sex, but if it doesn't then you're doing it wrong.
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01-18-2018, 09:51 PM,
Post: #4
RE: Bitcoin
blockchain54.ftw
bedstuy Wrote:mocking a pair of $500 jeans is a form of class warfare... why do you hate my social status?
01-19-2018, 12:23 AM,
Post: #5
RE: Bitcoin
(01-18-2018, 03:59 PM)Gippy Wrote: I should add some blockchain to this forum. I could probably attract some serious investors.

As long as you ensure you control the exchange too, you can make money from people willing to pay a few dollars each.
01-19-2018, 12:59 AM,
Post: #6
RE: Bitcoin
I’ll be sure to put that in the spec. But I also think that it will fail shortly after procuring the investment funds. Call it a hunch.
A massage doesn't always have to lead to sex, but if it doesn't then you're doing it wrong.
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01-19-2018, 01:43 AM,
Post: #7
RE: Bitcoin
Can we have a sloganator first?
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01-19-2018, 02:57 AM,
Post: #8
RE: Bitcoin
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Or make it sloganCoins? If you can have randomly generated cat pictures then why not slogans?
01-19-2018, 03:41 AM,
Post: #9
RE: Bitcoin
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.
01-19-2018, 04:07 AM,
Post: #10
RE: Bitcoin
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

I'm sure your ICO will be successful.
01-19-2018, 05:45 AM,
Post: #11
RE: Bitcoin
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

Is my everlasting gratitude not enough?
01-19-2018, 08:16 AM, (This post was last modified: 01-19-2018, 08:17 AM by FuturDreamz.)
Post: #12
RE: Bitcoin
(01-19-2018, 05:45 AM)agedgruel Wrote:
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

Is my everlasting gratitude not enough?

It's about as useful as a Facebook "Like" on a photo of a starving African child.
01-19-2018, 12:28 PM,
Post: #13
RE: Bitcoin
(01-19-2018, 08:16 AM)FuturDreamz Wrote:
(01-19-2018, 05:45 AM)agedgruel Wrote:
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

Is my everlasting gratitude not enough?

It's about as useful as a Facebook "Like" on a photo of a starving African child.

It's about as useful as a FuturDreamz post.
01-19-2018, 12:48 PM,
Post: #14
RE: Bitcoin
(01-19-2018, 12:28 PM)Gippy Wrote:
(01-19-2018, 08:16 AM)FuturDreamz Wrote:
(01-19-2018, 05:45 AM)agedgruel Wrote:
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

Is my everlasting gratitude not enough?

It's about as useful as a Facebook "Like" on a photo of a starving African child.

It's about as useful as a FuturDreamz post.

You really know how to hurt. Cry2
01-19-2018, 02:13 PM,
Post: #15
RE: Bitcoin
(01-19-2018, 12:48 PM)agedgruel Wrote:
(01-19-2018, 12:28 PM)Gippy Wrote:
(01-19-2018, 08:16 AM)FuturDreamz Wrote:
(01-19-2018, 05:45 AM)agedgruel Wrote:
(01-19-2018, 03:41 AM)Gippy Wrote:
(01-19-2018, 01:43 AM)agedgruel Wrote: Can we have a sloganator first?

Depends on how much funding I can get.

Is my everlasting gratitude not enough?

It's about as useful as a Facebook "Like" on a photo of a starving African child.

It's about as useful as a FuturDreamz post.

You really know how to hurt. Cry2

It's all in perspective.
01-19-2018, 04:43 PM, (This post was last modified: 01-19-2018, 04:44 PM by Alien. Edit Reason: My bbcode-fu is weak )
Post: #16
RE: Bitcoin
(01-18-2018, 08:24 AM)FuturDreamz Wrote: With a traditional investment, you either receive a commodity like gold or a share in a company - something that always has value to an extent.
So what, in your view, is this "intrinsic" value of gold or a share?
Quote:With bitcoin there is no backing, so the theoretical minimum would be effectively zero cents.
The "theoretical" minimum value of a share or any amount of gold is also zero. Mixing theoretical and practical propositions to support an argumant is not a very honest debating strategy.
Quote:Couldn't that lead to a scenario where there are zero buyers, so that people selling suddenly find themselves holding the bag with no takers?
Yes. So? How is that anything new? Were you not born even in 2008? (That might explain a few things.)
Quote:And there are multiple exchanges with different exchange rates, but they don't hold the money themselves - simply charging a transaction fee no matter who is buying or selling. Are these pure exchanges, or would they do middle-man exchanges to artificially increase the price to suit themselves - or even mine their own to make money directly?
Isn't that supposed to be the beauty of it? No oversight! Freedom! Libertarian walhalla!
01-20-2018, 01:12 AM,
Post: #17
RE: Bitcoin
(01-19-2018, 04:43 PM)Alien Wrote:
(01-18-2018, 08:24 AM)FuturDreamz Wrote: With a traditional investment, you either receive a commodity like gold or a share in a company - something that always has value to an extent.
So what, in your view, is this "intrinsic" value of gold or a share?
Quote:With bitcoin there is no backing, so the theoretical minimum would be effectively zero cents.
The "theoretical" minimum value of a share or any amount of gold is also zero. Mixing theoretical and practical propositions to support an argumant is not a very honest debating strategy.

Gold is a commodity that is used in electronics and jewelry. As long as there's a demand for electronics and jewelry there will be a demand for gold.
01-20-2018, 04:46 AM,
Post: #18
RE: Bitcoin
So, is that what the market value of gold is based on?
ClubbieClubbieClubbieClubbieClubbieClubbieClubbie
ClubbieClubbieClubbieClubbieClubbieClubbieClubbie
ClubbieClubbieClubbieClubbieClubbieClubbie
01-20-2018, 04:48 AM,
Post: #19
RE: Bitcoin
It's what supports the price of gold
My logic is infallible. Resistance is futile.


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