It matters because of distribution.  This reminds me of stock issues and of course same deal that the total value of the company is not changed, the price just halves when you double the stock available.
However if the new stock is given out to different people, you enpower those new stock holders and destroy value for holders.   Its a terrible idea that only works in a company scenario with very strict rules, fund raising.  There is no viable BTC fund raising and no way to contact holders for a 'rights issue' it would only lead to one conclusion; a fall in value.

  An induced failure by misunderstanding and corruption of the bitcoin protocol

The answer to this question will only really come when we see a national currency with a fixed exchange to gold then you will have a proper comparison to bitcoin.   Gold of course has high margins, far and away from bitcoin and its efficiency but gold monetised into cash notes is very cheap to exchange

I dont trust the Russians to do anything sensible and realise they need to do this.  Yes they bought gold but they also feel compelled to drop their rates and buy dollars, their economy is driven by oil and its partly why Saudi is acting how it is.  (they fell out and putins side said he was threatened with terrorism, no small words between two big countries)

However Switzerland are relatively central enough but impartial from select trade to add gold back to their currency. I know they voted not to but I believe if any will it might be them, they were the last to depart gold standard.   Many were shocked they broke their link with EURO but with ECB QE what else could they do, any time I look at the future or investment its about what will be inevitable natural change not the words or promises of politics which rarely relate to reality directly

Dollar doesnt have to collapse, they have to provide proper accountability in the notes for value.  So they must not serve political interests or vested interests.   Ultimately this means the US gov would have to default on its debt or cut its spending by trillions while still taxing the same and its unlikely to occur so dollar will diminish greatly in value.
Since one countrys account are being white washed through dollar value and its diluted to benefit just USA, it does seem unlikely other countries will hold and use Dollar but who knows.  If dollars arent world currency like now, this also massively undermines its future use


You arent making a statement, its a very open question with varied views on why Russia or China holds dollars.   Nobody is being forced to hold dollar, they all want to in order to benefit from global trade and liquidity.  Alot of the system isnt capitalist, its done to favour the hierarchy of that country such as the house of Saud.   China exports alot to USA, they do not favour their own peoples purchasing power they do favour their political elite and maintaining the status quo and unequal power; dollar helps keep power centralised rather then distributed as a capitalism system of montary exchange passes power to the holders of capital such as normal citizens, workers and producers of wealth like the business owners.  This system opposes political elite who its no great stretch to realise do not do alot of work for a country rather vice versa

THe same argument is used when talking about gold and actually I think its correct.     People will point out gold sitting in a bank vault does nothing and serves no purpose however it is utilised by the bank issuing paper against its asset worth.  
Most obviously would be Fort Knox and dollar notes, though there is no fixed relationship the gold is effectively circulated within that system.

So just literally holding bitcoin and doing zero with it in any way is not productive or likely to produce value as the dollar system has managed or any bank with assets but also balance sheet liabilities.    Bitcoin is not worthless and does enable trade however I do think it relies on its usage to create value, so most often casino bets use bitcoin as a cheap way to pay out to their customers worldwide who are then obligied to carry out any translation personally into their local currency.   An efficent system is in play there that encourages business, so value is added.

Im not sure plain btc in a wallet is doing something useful exactly.  In a wallet as I travel overseas and its secure in allowing me to sell my house belongings in one country and then buy goods elsewhere and not risk the worth in the journey.  That example would be useful but most journeys dont take years.  

tl:dr  BTC velocity is high, other assets are likely better long term storage

Now that you mention it I remember you are right there, its $5 yea.     I just use my main account and trade inventory from minor accounts over to that, no big deal.

Anyone can add this account, its not restricted from having people on friends list.  They do stop you adding other people without invitation though, its because of all the spam bots.  He can play with whoever he likes, Im sure because I have a near identical account 12 months old and only having csgo as a gift was never a problem playing.  Its past rank 3, all ready to go but Ive no idea where these are sold so just putting it here   I guess I'd get more interest selling it as a global, I might be able to get higher ranks if people ask...

The identical older account is steam level 4 which can add people, just do a few badges like this one and it soon goes up - http://boardgamegeek.com/thread/998510/pillar-community

STT
Posts:   1097
16BcbGtBgrRbDbGrtnWnVfFM36ENfadLa5

This account has never bought a product so it cant sell anything on market.   It can trade just fine with people if they add it first just not market.  Plain CSGO at the moment nothing else and that was a gift, market only comes when you buy a game afaik.

If you cover the cost of a small purchase, I could add something and give it market access perhaps

It does not have market access, its just for playing csgo at the moment.   To get market access you'd just need to buy something, even a small indie game would do it I think.  The account was setup with a gift

New account with  12 mm wins.   Clean unused account ready to use for those that want a smurf to play with their friends at this level.

Let me know any offers by pm, if I agree I'll respond by pm and this thread.   Skins, keys or bitcoin is fine.

I also have similar steam account available, same rank 90 mm wins with silver breakout coin and bloodhound if you prefer

opps

Gold has an unique utility to it and composition whereas people would argue bitcoin could be duplicated in its idea and also utility worldwide which makes them very different.  I agree with the general point of them both having attributed value

Bitcoin is lower cost, more efficient I think so should thrive on quick small usage.   Gold in the main is held by large banks which issue notes against its value, most of us dont do that so its bit of a virtual asset to the majority

The middle east is backed by USA forces and there is ongoing agreement to retail oil in dollars.    They have dollars because its what they get for their main export.  Treasuries are seen as very liquid and safe storage, hence government is very keen not to upset this.  They could just switch to another asset, if you hold BTC you are basically speculating on dollar weakness and this scenario of treasuries being sold.
The ongoing QE creates a false buyer for these assets, its a buyback scheme so they are happy to hold

The ironic thing not acknowledged is if Greece exits the Euro and so effectively defaults on their debt, it would be a positive for the economy.   Bad for the lenders, bad for government which cant borrow to spend or even finance itself.
Good for the ongoing economy which for exports, for holidays would become incredibly cheap.  Every worker in the country would be earning less but also this is a stimulant to all business which must pay their wages.    We may not like being paid less but no singular view can be taken on an economy, for every loser there is some who gain. Overall a 'grexit' is positive for purely Greek business and they do have alot to offer still.   It also makes imports expensive, grexit is a negative for europe yes but I think Greece would thrive after a jolt


Greece must change and unemployment would be the most apparent problems.  Change is normal as new workers start but Greece is more stagnant which is not normal or healthy.   The schedule for their debt is decades which means entire generations shut down or they must all migrate

store.steampowered.com/sub/37429/

Its that package, Ive also added a few other games over time which I will list later but its mainly just Xcom games

Very good game, Ive completed and now I want to sell even though its possible to install a special 'long war' free expansion which Im tempted to do but its already a big game   My main account is under id sabrett.

I'll list more details, my steamrep or whatever else needed.  Happy to deal with traders and any who wish to facilitate a sale here.
 Im open to offers and I mostly play CSGO so will take keys or skins or BTCTC of course !

What rank is the csgo account because I believe that influences the price quite alot along with skins or any other badges displayable in game.  You'd have the five year badge for example, Im interested in the market for steam accounts myself as I always setup my games on separate logins

What does a domain giveaway mean exactly, I thought the fees were annual for renewing it and you'd either want the name or not want the name.   Just wondering, believe it or not I used to work for a hosting firm but only 1st line stuff on phone

Pointlessly rude lol, kinda underlines you are likely wrong on this.   Gold is traded every high street, every town and every country of the world so far as I know.   Maybe its banned some places but the main debate would be what price can you get for the gold.
Im just saying most places have jewelary store of some kind or a watch repair and I doubt they turn away a gold sale but if they give a good price is another matter.   I guess its fair that most shops no longer recognise or are willing to judge the worth of gold coin or gold anything but someone who retails gold and many places do I think its fair they will trade gold at a push.   Its possible to spend gold by proxy on a visa card linked to its spot price that day so thats pretty modern.

BTC on the other I'd say if we are talking global is not as widespread as gold.  Its probably more accurate in price though and secure though an end user can be tricked into a loss.   I agree with the point about mobile phones allowing exchange without mains electricity and I believe this is a major factor in quite a few minor African countries; it can be some other mobile currency not btc in those cases

Gold as payment, no this shouldnt be used as its a return to the literal physical exchange but gold is used as backing for paper and electronic exchange.
   If we go back to bits of gold it means all trust has failed in world trade, which is medieval dark age type stuff and hey some want that blowing stuff up in the middle east.  Most of us dont not even the politicians so I imagine if bitcoin doesnt succeed as virtual transfer of value something else will and many think it must be related to gold but its impossible it will verify value like bitcoin does; it'll always come back to trust.   Possibly bitcoin is unique and guaranteed to succeed in its own purpose

The main deal to realise with gold is its being actively bought up as backing to paper money.  Thats its current underlying trend and forms a demand or base to its price.  Gold price has been weak recently but fundamentals for it are not bad.   Bitcoin has more questions to answer but could recover faster as its overall supply wont ramp back up like gold

There is no solid or fixed use to bitcoin unfortunately, perhaps some base industries in gambling perhaps but not sure its enough.  Where as gold has a certain cost to mine where supply declines in line with the price and increase in line with profitability, also demand varies inversely to that.    If I intend to use gold I like it cheaper and it has a couple uses I guess, not sure anyone wants or benefits from cheaper bitcoin.

In this way bitcoin will always be more volatile, its price just rises with its usage I think possibly in competetion to alternative means of transmitting value.  It might go zero if seen as unreliable in that way

Yea I was going to mention, the theory to these movement is the panic effect causes most value to occur or price inaccuracy.  So generally theres upset, the flock of sheep get startled and a sell off and thats the end to a bearish move.
At least in short term thats how the cycle goes, the wider picture is really more important as we can just keep blipping up for a while as the panic is incorrect before selling off to a lower low over some months.

On a few occasions the panic sell is quite correct like we saw in 2008 (in main markets) where value previously had been placed too high.  Eventually even good assets (performing) were written off below book value and that was the true bottom.   The problem we have here is Bitcoin is so circular in its worth, the traditional say it cannot succeed as its purely virtual and other say this is its strength.  Im still not sure which are correct to HODL or just speculate briefly - I imagine bitcoin must transform or it will be superseded so to purely hold or to stay still will be a fail

Wasnt that government discredited in its actions and what they did broke the rules of entering the euro as they never qualified.   It seems Greece really should have defaulted and taken that path, its not nice but the process of default is hundreds of years old.   Every debt has risk and sometimes there is loss, breaking these rules trying to rewrite it is what is destroying Greece.  

Im listening to an hour long speech by Paul Mason alleging that capitalism has failed but all these events happening now are not capitalism.   Money is centralised & controlled, its very worth is not in the hands of the Greek people.   Capital centred around the people and owners of business within a country is capitalism, Greece is struggling to cope with their monetary worth determined by a foreign power.   I dont support racism or even nationalism but the very terms used in any discussion are incorrect and I never see anyone object.


Recognise failure, accept losses and avoid both in future, its a basic premise lasting many centuries.  Bailout is meaningless, its not capitalism and probably not even democratic


http://blogs.channel4.com/paul-mason-blog/mind-game-theory-economics-greeces-future-depends-emotion/3223
https://www.youtube.com/watch?v=4HMs0kkUvq8