Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: practicaldreamer on March 01, 2017, 09:57:00 PM



Title: Land Rover engines
Post by: practicaldreamer on March 01, 2017, 09:57:00 PM
Lets say I hold the old Land Rover engines in high regard. Lets say I believe, partly because they aren't made anymore, partly because they were well engineered and partly because I believe going forward they will be in high demand by enthusiasts, that they are a good store of value.
Lets say also that I personally have no need of a Land Rover engine and that even if I did I wouldn't be able to store them.

My question is, would I be able, one day, to get paid in Land Rover engines ? That is, would I be able to choose, one day, via bitcoin, to choose to take and have my value stored in Land Rover engines ?

If its possible, what would be the mechanisms that would allow it ? How would the price be discovered ? How would the blockchain facilitate it ?

Land Rover engines are purely arbitrary of course - it could be anything of value - and just about everything has some value.


Title: Re: Land Rover engines
Post by: unamis76 on March 01, 2017, 11:45:41 PM
When you thought you've seen it all, another curious thread comes along :)

This is exactly the same thing as trading Bitcoin for another currency, be it a cryptocurrency or a fiat currency... Yes, you would be able to be "paid" in engines: you just have to sell your coins for the engine. You can choose to have your valued stored in anything, as long as there is a buyer for your coins. Which leads us to the next question an answer... The value would be how much someone is willing to take to trade your coins for his engine, just like in a currency exchange...


Title: Re: Land Rover engines
Post by: str4wm4n on March 01, 2017, 11:49:05 PM
yes. I'd rather be paid in ancient Megalodon Shark tooth fossils