|
Title: "Bitcoin is backed by Math and Electricity" Post by: bloc4 on January 22, 2016, 09:11:21 PM lol just lol...
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: odolvlobo on January 22, 2016, 09:23:09 PM Different people generally mean different things when they write "backed by". You need to be careful to explain what you mean when you use the words "backed by". For example, the words "backed by" mean something different in each of these:
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: watashi-kokoto on January 22, 2016, 09:27:29 PM lol just lol... backed by fun and pegged to the underlying comedy gold value. Oh wait that's Doge Coin. :D Title: Re: "Bitcoin is backed by Math and Electricity" Post by: The Sceptical Chymist on January 22, 2016, 10:03:22 PM I'm not sure any type of money has to be inherently valuable. If two people decide that it represents something they've worked for, it's money. I think the "represented by electricity and math" argument is kinda wrong.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Drekavac on January 22, 2016, 10:05:47 PM So what then making value for bitcoin? Electricity?
Or demand? Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Meuh6879 on January 22, 2016, 10:10:04 PM lol just lol... human are backed by oxygen and water. try again. Title: Re: "Bitcoin is backed by Math and Electricity" Post by: LordCoder on January 22, 2016, 10:10:39 PM My dog is also backed by me I guess based on your argument.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Drekavac on January 22, 2016, 10:17:07 PM If price of mining rise then rise and btc?
But if there is no demand ..Mining will slow down..? Title: Re: "Bitcoin is backed by Math and Electricity" Post by: maokoto on January 22, 2016, 10:17:51 PM If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Drekavac on January 22, 2016, 10:27:02 PM If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is. Yes l get it it's like holy ghost you must believe it.. :DTitle: Re: "Bitcoin is backed by Math and Electricity" Post by: Zeroxal on January 22, 2016, 10:35:05 PM lol just lol... human are backed by oxygen and water. Joke - I have no idea what this thread is about and why OP posted it... Title: Re: "Bitcoin is backed by Math and Electricity" Post by: franky1 on January 23, 2016, 12:38:12 AM bitcoins code is based on maths
bitcoins security of the code is based on electric and math bitcoins emotional value is based on the security of funds(electric and math) and usefulness bitcoins financial value is based on the speculation of emotional value and speculation so bitcoin is backed by maths and electric.. but the financial value is a high percentage of speculation ontop the base value https://i.imgur.com/bAZKXRy.jpg Title: Re: "Bitcoin is backed by Math and Electricity" Post by: BurtW on January 23, 2016, 12:41:15 AM Nice graph.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: franky1 on January 23, 2016, 12:42:52 AM Nice graph. yea graphs happen when your bored of the bandcamp drama of bitcoin and want to spend some time messing around doing something different :D Title: Re: "Bitcoin is backed by Math and Electricity" Post by: BurtW on January 23, 2016, 12:57:54 AM Nice graph. yea graphs happen when your bored of the bandcamp drama of bitcoin and want to spend some time messing around doing something different :D Title: Re: "Bitcoin is backed by Math and Electricity" Post by: aso118 on January 23, 2016, 03:50:02 AM If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is. Yes l get it it's like holy ghost you must believe it.. :DNot everybody believes in the holy ghost, but almost the entire world believes in the value of money. That is what makes the world go around. :) Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Amph on January 23, 2016, 08:36:18 AM isn't everything backed by math in this world, science itself is phisic also, so what's your point?
it's better than being backed by endless printing Title: Re: "Bitcoin is backed by Math and Electricity" Post by: virtualdn on January 23, 2016, 11:28:48 AM It's nothing funny about this, it's very true. Satoshi knew exactly what to do and applied it perfectly. This is why Bitcoin is so popular.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Windpower on January 23, 2016, 11:39:21 AM It's funny, but at the same time it is so true. To mine you need electricity and Bitcoin is pretty much based on maths.
Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Bitcoinpro on January 23, 2016, 11:40:03 AM Title: Re: "Bitcoin is backed by Math and Electricity" Post by: Bitcoinpro on January 23, 2016, 01:14:46 PM How about internet connection/nodes? Bitcoin network can't alive without full nodes & internet connection which connect all miners & nodes. But, what backed bitcoin price? Community, miners or speculators? ::) wat backs the fiat ponzi system, besides bs because we already know that Title: Re: "Bitcoin is backed by Math and Electricity" Post by: elizabethqueen on February 09, 2016, 11:11:10 AM lol just lol... you miss one thing,that is internet connection. yes i belive bitcoin is future payment for future people,because i think just people who know and want to know their future who will lead the future. |
