It’s called Casascius coins and it’s illegal (without expensive licenses). https://en.bitcoin.it/wiki/Casascius_physical_bitcoins“As of Nov 27, 2013, Mike Caldwell suspended sales of items that contain digital bitcoins. The Financial Crimes Enforcement Network (FinCEN), a branch of the Treasury Department, informed him before, that minting physical bitcoins qualifies him as a money transmitter business, which means he needs to register at the federal level and probably get state licenses too.” And I assume the legal requirements are similar in other countries. Doesn’t matter, murrica owns the whole world. BTCe wasn’t in murrica but they were closed by murrica. |
|
|
|
It’s called Casascius coins and it’s illegal (without expensive licenses). https://en.bitcoin.it/wiki/Casascius_physical_bitcoins“As of Nov 27, 2013, Mike Caldwell suspended sales of items that contain digital bitcoins. The Financial Crimes Enforcement Network (FinCEN), a branch of the Treasury Department, informed him before, that minting physical bitcoins qualifies him as a money transmitter business, which means he needs to register at the federal level and probably get state licenses too.” |
|
|
|
Maybe some truth in it but it’s hard to trust contributing authors (he doesn’t work for Forbes) that are members of this forum and hold a personal stash of bitcoin. I would tell you who Billy Bambrough is here but doxing is kind of rude. |
|
|
|
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme. It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency. Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme. Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme“Ponzi scheme A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.” https://www.merriam-webster.com/dictionary/Ponzi%20scheme“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.” These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme. You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi. If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it. There are many financial scams that you can compare bitcoin to that are not “Ponzi schemes”. Stop using the word Ponzi because it makes people not listen to you. Bitcoin is NOT the same financial scam that Bernie Madhoff used. Bitcoin is more like Enron. Enron used a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting Enron's financial information. Bitcoin exchanges, which are collectively used to set bitcoins price, use a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting the exchange rate of bitcoin. Insiders at Enron knew about the offshore accounts that were hiding losses for the company; the investors did not. Bitcoin insiders like Roger Ver knew Mt Gox was cooking the books to hide losses; bitcoin holders did not. Enron was the only company that would not release a balance sheet along with its earnings statements. Bitcoin exchanges are the only “banks” in the world that do not release balance sheets or earnings statements. There isn’t a single solitary person in the world that can confirm bitcoin exchange rates reflect actual correct volume. As Enron executives sold their shares, the price began to decrease. Enron loyalists told investors to continue buying stock or hold steady if they already owned Enron because the stock price would rebound in the near future. As Bitcoin early adopters and major investors sell their coin the price decreases. Bitcoin loyalists tell investors to continue buying bitcoin and hold steady if they already own bitcoin because the price will rebound in the near future. Enron’s success was measured by undocumented financial statements, actual balance sheets were inconvenient. Enron's unscrupulous actions were often gambles to keep the deception going and so increase the stock price. An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted. Bitcoin’s success is measured by undocumented financial statements from exchanges, actual balance sheets are inconvenient. The worldwide system of exchanges unscrupulous actions are often gambles to keep the deception going and so increase the exchange rate. An advancing price means a continued infusion of investor capital on which a failing Bitcoin in large part exists. Enron was diversified into online marketplace services, broadband services, commodities services, capital and risk management services, project development and management services and general international investments. Bitcoin can claim the use of all of the above systems of diversification to hide the reality of actual value. All the while, bitcoin investors are told to hodl. Enron operated the fraud for decades so don’t assume because bitcoin has been around 10 years its any safer. Even the former lead developer Gaven Andresen warned bitcoin users to “not invest anything they couldn’t afford to lose”. You see, bitcoin is not a Ponzi. If anything, Bitcoin is a “distributed crime system”. However, unlike Enron, there is no single entity that can be held accountable. If you close one Mt Gox, BTCe, Tradehill, or Silk Road three more pop up in their place. You can lock up the criminal but you can’t stop the crime. Bitcoin is pure criminal brilliance. Thanks for your contribution. But, I am not talking about Bitcoin from the perspective of price manipulation, but from the perspective of ownership. Regardless of the price, Bitcoin owners have nothing they can practically utilize, and this is the same as in classical Ponzi, or similar financial schemes. No worries. I’m an early adopter, miner and investor. I already made all my money. From this point on, it’s the responsibility of all of the new major corporate investors to do their due diligence or risk massive losses. Prospective buyers need to evalute bitcoin for themselves and evaluate its commercial potential. I don’t care if they fail. I already laughed my way to the bank.  |
|
|
|
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme. It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency. Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme. Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme“Ponzi scheme A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.” https://www.merriam-webster.com/dictionary/Ponzi%20scheme“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.” These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme. You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi. If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it. There are many financial scams that you can compare bitcoin to that are not “Ponzi schemes”. Stop using the word Ponzi because it makes people not listen to you. Bitcoin is NOT the same financial scam that Bernie Madhoff used. Bitcoin is more like Enron. Enron used a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting Enron's financial information. Bitcoin exchanges, which are collectively used to set bitcoins price, use a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting the exchange rate of bitcoin. Insiders at Enron knew about the offshore accounts that were hiding losses for the company; the investors did not. Bitcoin insiders like Roger Ver knew Mt Gox was cooking the books to hide losses; bitcoin holders did not. Enron was the only company that would not release a balance sheet along with its earnings statements. Bitcoin exchanges are the only “banks” in the world that do not release balance sheets or earnings statements. There isn’t a single solitary person in the world that can confirm bitcoin exchange rates reflect actual correct volume. As Enron executives sold their shares, the price began to decrease. Enron loyalists told investors to continue buying stock or hold steady if they already owned Enron because the stock price would rebound in the near future. As Bitcoin early adopters and major investors sell their coin the price decreases. Bitcoin loyalists tell investors to continue buying bitcoin and hold steady if they already own bitcoin because the price will rebound in the near future. Enron’s success was measured by undocumented financial statements, actual balance sheets were inconvenient. Enron's unscrupulous actions were often gambles to keep the deception going and so increase the stock price. An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted. Bitcoin’s success is measured by undocumented financial statements from exchanges, actual balance sheets are inconvenient. The worldwide system of exchanges unscrupulous actions are often gambles to keep the deception going and so increase the exchange rate. An advancing price means a continued infusion of investor capital on which a failing Bitcoin in large part exists. Enron was diversified into online marketplace services, broadband services, commodities services, capital and risk management services, project development and management services and general international investments. Bitcoin can claim the use of all of the above systems of diversification to hide the reality of actual value. All the while, bitcoin investors are told to hodl. Enron operated the fraud for decades so don’t assume because bitcoin has been around 10 years its any safer. Even the former lead developer Gaven Andresen warned bitcoin users to “not invest anything they couldn’t afford to lose”. You see, bitcoin is not a Ponzi. If anything, Bitcoin is a “distributed crime system”. However, unlike Enron, there is no single entity that can be held accountable. If you close one Mt Gox, BTCe, Tradehill, or Silk Road three more pop up in their place. You can lock up the criminal but you can’t stop the crime. Bitcoin is pure criminal brilliance. |
|
|
|
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme. It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency. Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme. Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme“Ponzi scheme A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.” https://www.merriam-webster.com/dictionary/Ponzi%20scheme“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.” These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme. You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi. |
|
|
|
|
You all do realize that people need to be willing to spend bitcoin first. Plenty of businesses used to take bitcoin. Many of them stopped because no one was using bitcoin to shop there.
|
|
|
|
Any idea why the thread “We Are The New Wealthy Elite:” is locked now?
I know the OP didn’t lock it unless Theymos unbanned Atlas because Atlas was the OP.
Mods locked a few threads that were getting garbage replies. rip Asian girls thread etc. but I doubt it was Atlas. In the last month or so that the "we are the new wealthy elite" thread was unlocked, I recall reporting the thread several times because there would be 2-3 pages of 1-2 liner posts from newbies in less than a 12 hour period. Likely it just became too much work for the mods to delete so many posts on an ongoing basis. That’s kind of stupid though. Won’t they just move to an unlocked thread and post there instead? |
|
|
|
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme. It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency. Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme. Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme“Ponzi scheme A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.” https://www.merriam-webster.com/dictionary/Ponzi%20scheme“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.” |
|
|
|
Any idea why the thread “We Are The New Wealthy Elite:” is locked now?
I know the OP didn’t lock it unless Theymos unbanned Atlas because Atlas was the OP.
Mods locked a few threads that were getting garbage replies. rip Asian girls thread etc. but I doubt it was Atlas. Ah, that’s why we can’t have nice things. |
|
|
|
|
Any idea why the thread “We Are The New Wealthy Elite:” is locked now?
I know the OP didn’t lock it unless Theymos unbanned Atlas because Atlas was the OP.
|
|
|
|
I think you hit the nail on the head. No one promotes the US dollar, gold, or any other medium of exchange. The use of any currency needs to grow organically over time or be used as a national currency. The fact that bitcoin has to be promoted to be used speaks too it’s impending failure. As a get rich quick scheme bitcoin has worked for many, as a currency it’s worked for a few.
I cannot identify, QA, whether you turned too much into a bitcoin naysayer, but get real, bitcoin is in early stages, so you cannot expect it to be serving all purposes (especially the currency) ones while it is still in such early stages. And, your assertion of bitcoin's supposed "impending failure" comes off as quite gloomy. Do you think that there is some other coin that is more equipped than bitcoin to accomplish the job of sound money? Do you think sound money is valuable? Who gives a ratt's ass about whether bitcoin has enough promotion, publicity and advertisement? The reason so many shit coins engage in high level of advertisement is because they are actual shit (at least compared to the sound money aspects of bitcoin), and just trying to get folks to buy into their inferiority and to suggest that they are either superior to bitcoin or that bitcoin has some kinds of defects that those other bullshit advertised coins are overcoming. So, in fact, whether bitcoin has advertising or not, the sound money aspect of bitcoin (as long as sound money remains much stronger in bitcoin than any other coin or project) is going to continue to attract folks to buying and accumulating bitcoin. Spending may or may not follow in the short term, but I doubt that it matters so much as long as their are other shittier currencies to spend (likely into the foreseeable future) under gresham law dynamics. Actually 50 or 100 years down the road, when many of us are going to be dead, there might be some different dynamics if bitcoin does become the only one currency, and then you will have to spend it, but that situation is so damned far into the future that it would be quite problematic to be theorizing BTC's present use case(s) as if such situation already existed (and like I mention we are way the hell off from being even close to such a bitcoin is the only currency scenario with far less than 1% of any kind of meaningful currency and asset (commodity) market share). For bitcoin to succeed people need to stop thinking about it every day and simply use it when they need to. I don’t think about how much money I have in the bank until I need to make a purchase. Everyone needs to do that with bitcoin. Bitcoin is doomed as a currency because no one sees it as anything but an investment.
BTC is Doomed? You see some better candidates? how about accounting for my assertions above, do those assertions affect your thinking at least in terms of comparing present situation to future situation, and realizing that this whole currency/asset question is not exactly a settled matter based on equally "mature" markets, right? Jay, people need to start using bitcoin as a currency and not just an investment. Bitcoin is a failure if all its ever going to be is an etf or a penny stock. There are no better candidates. I see all of the altcoins as nothing more than a get rich quick scheme for their creators. |
|
|
|
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme. It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency. |
|
|
|
|
Obviously Gray Cohn is an idiot. There already is a global system in place for transferring currency, it’s called ach/eft. Blockchain technology is nothing more than a distributed database. If there is anything that blockchain tech can improve globally it’s the ach/eft system. This will simply improve the current financial establishment worldwide.
|
|
|
|
Apologies to all concerned, I will no longer be handing out merit in this thread. Theymos removed me as a merit source because he disagreed with the way I spent my merit. I will leave this thread open and you can continue to post merit requests here if you like; however, I won’t be answering them.
Good luck to all.
CBH
mmm pity, we did enjoy youre wall observer drops HAHA fun times take care (one shot in here ) only thing i really have to say is when you believe in BTC and the true value of BTC (a decentralized asset), then the choice is made very quickly buy and live with it when and where you can, build the community by using it (HODL it for a part) . maybe using it is little personal cause some see it as store of value others to pay bigger amounts, other for fast transactions etc people biggest problem with BTC is they wanna get rich quick, and can't bear the DUMPs that last a few months but can't change everyone ofcourse.... for me its a clear pad , decentralized,scarce,increasing user counts, fast in using ,easy to private own whitout anyone knowing and so on i didn't start any good threads in this forum, only some give away threads (such as guessing games where a BTC price is rewarded for the closest one to the question) such as . https://bitcointalk.org/index.php?topic=5056734.0 "there are a few more like it" but there are no wise words to be found only pleasure and fun to mix up a bit here and there. I think you hit the nail on the head. No one promotes the US dollar, gold, or any other medium of exchange. The use of any currency needs to grow organically over time or be used as a national currency. The fact that bitcoin has to be promoted to be used speaks too it’s impending failure. As a get rich quick scheme bitcoin has worked for many, as a currency it’s worked for a few. For bitcoin to succeed people need to stop thinking about it every day and simply use it when they need to. I don’t think about how much money I have in the bank until I need to make a purchase. Everyone needs to do that with bitcoin. Bitcoin is doomed as a currency because no one sees it as anything but an investment. |
|
|
|
|
Merit drop!
Next three people get 20. You know the drill.
|
|
|
|
|
New topic: Don’t you think it would be better to start a new thread instead of confusing the shit out of everyone?
Old topic: I think it’s more interesting that the criminal, Raymond Redington, on the show The Blacklist uses bitcoin for all of his criminal activity.
|
|
|
|
|
Who gives a shit. Blockchain technology is not cryptocurrency. Blockchain technology is a new way for a business to run a database. That’s like saying who do you think is gonna win Chase Manhattan Bank of the Bank of China. Again, who gives a shit.
|
|
|
|
|
The worlds criminals are waiting for it. For the average citizen it’s too inconvenient and difficult to use.
|
|
|
|
|
Show Posts
