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Title: Bitcoin is Worthless Post by: bb113 on April 08, 2013, 11:12:18 AM What's with all these types of posts?:
Quote Why would anyone want something that increases in value over time? What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it. I would never work harder to get something that will increase in value than I would to get something that decreases in value. Seems like some twisted logic to me. Title: Re: Bitcoin is Worthless Post by: wopwop on April 08, 2013, 11:15:26 AM how dare you come to this forum and make such negative statements?
shoot, shush you evil underworld troll Title: Re: Bitcoin is Worthless Post by: Logik on April 08, 2013, 11:16:23 AM Consumer culture brain-washing. Don't worry though; people never though that way in the past, and hopefully they won't think that way in the future.
Title: Re: Bitcoin is Worthless Post by: prezbo on April 08, 2013, 11:17:47 AM The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless. This might be true from a theoretical standpoint, but as bitcoin has proven, it is not the case in reality... Even if I knew for a fact my bitcoins will be worth more next week, I would still probably rather pay with them because it's more convenient.Title: Re: Bitcoin is Worthless Post by: bb113 on April 08, 2013, 11:19:21 AM The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless. That just means it is really undervalued right now in the opinion of those who would not part with it. Either that or the stuff people are offering for it isn't as valuable as they think. Title: Re: Bitcoin is Worthless Post by: tutkarz on April 08, 2013, 11:27:17 AM The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless. This might be true from a theoretical standpoint, but as bitcoin has proven, it is not the case in reality... Even if I knew for a fact my bitcoins will be worth more next week, I would still probably rather pay with them because it's more convenient.That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency. Title: Re: Bitcoin is Worthless Post by: wopwop on April 08, 2013, 11:28:00 AM The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless. This might be true from a theoretical standpoint, but as bitcoin has proven, it is not the case in reality... Even if I knew for a fact my bitcoins will be worth more next week, I would still probably rather pay with them because it's more convenient.That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency. Title: Re: Bitcoin is Worthless Post by: chmod755 on April 08, 2013, 11:47:28 AM That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency. However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. It's also more expensive to verify if a gold bar is real and pure. Title: Re: Bitcoin is Worthless Post by: wopwop on April 08, 2013, 11:48:55 AM That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency. However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D Title: Re: Bitcoin is Worthless Post by: alexh on April 08, 2013, 12:01:52 PM Quote However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. You can never be sure, especially if its about money. Title: Re: Bitcoin is Worthless Post by: ralree on April 08, 2013, 01:11:43 PM Quote Why would anyone want something that increases in value over time? What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it. I would never work harder to get something that will increase in value than I would to get something that decreases in value. Uh, real estate? Title: Re: Bitcoin is Worthless Post by: ShadowOfHarbringer on April 08, 2013, 01:31:19 PM Quote However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. You can never be sure, especially if its about money.Yes you can. It is impossible/infeasible to counterfeit Bitcoin using today's technology. Title: Re: Bitcoin is Worthless Post by: chmod755 on April 08, 2013, 01:37:48 PM It is impossible/infeasible to counterfeit Bitcoin using today's technology. My point was: Even if it's possible to do it today - it's possible to detect it and fix it. Title: Re: Bitcoin is Worthless Post by: Ozymandias on April 08, 2013, 02:25:39 PM Quote Why would anyone want something that increases in value over time? What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it. I would never work harder to get something that will increase in value than I would to get something that decreases in value. Uh, real estate? I'm sure the quoted person bought all of their real estate in 2007 thus satisfying their brutally illogical wishes. Title: Re: Bitcoin is Worthless Post by: antibanker on April 08, 2013, 02:29:50 PM your post is worthless
Title: Re: Bitcoin is Worthless Post by: Eri on April 08, 2013, 06:09:31 PM What's with all these types of posts?: Quote Why would anyone want something that increases in value over time? What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it. I would never work harder to get something that will increase in value than I would to get something that decreases in value. Seems like some twisted logic to me. i agree, i dont get it either. Title: Re: Bitcoin is Worthless Post by: Troll Toll on April 08, 2013, 06:22:56 PM underworld troll?
pay the toll Title: Re: Bitcoin is Worthless Post by: WiseOldOwl on April 08, 2013, 06:49:58 PM That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency. However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D http://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold Just not cost effective yet Title: Re: Bitcoin is Worthless Post by: nebulus on April 08, 2013, 06:51:25 PM The fact that it is extremely difficult to counterfeit makes it pretty valuable.
Title: Re: Bitcoin is Worthless Post by: gogxmagog on April 08, 2013, 08:22:41 PM just a case of being provocative for provocation's fault
Title: Re: Bitcoin is Worthless Post by: Come-from-Beyond on April 08, 2013, 08:28:13 PM Quote Bitcoin is Worthless I disagree. I earned good money, so Bitcoin is not worthless. Title: Re: Bitcoin is Worthless Post by: Aztec on April 08, 2013, 08:39:48 PM how dare you come to this forum and make such negative statements? shoot, shush you evil underworld troll I concur. get to fuckery with you foul daemon Title: Re: Bitcoin is Worthless Post by: Bitobsessed on April 08, 2013, 08:58:58 PM The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless. I have found in the past that I had no problem spending fiat on crap that I didn't really want or even need. That is how the government wants it to be so they can make us into zombie consumers that feed them with taxes. Now with Bitcoin I really have to want it to even begin to think about spending, and about half of the time I still do not spend. Bitcoin has changed my whole attitude about saving and investing money. Title: Re: Bitcoin is Worthless Post by: glub0x on April 08, 2013, 09:15:09 PM Today someone wanted to buy bitcoin for cash to me. He wanted bitcoin because he find on a korean site where he wanted something that the price were much cheaper in bitcoin due to 3% less fees and much better change rate. He didn't know about bitcoin before.
For him fiat that he cannot spend is worthless. |