Money directly increases productivity. And money is a good.
It facilitates productivity, like science for example |
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As far as you choosing not to vote, that's neither here nor there. That's like saying the free market is unfair because you chose not to trade.
Why is it neither here nor there? Could we just say that you've chosen not to trade because the free market is unfair? And correspondingly, not to vote because politics is corrupt? |
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А интернет от Ростелекома пока нельзя оплачивать?
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А пушка у танка рабочая?  рабочая Круто...  А почему цена за шушпанцер в рейхсмарках выставлена? Думаете продать в Европу? |
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Coins arrived, merci!  |
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do people who call themselves bears here have the same problems with everything else, like they have with bitcoin? For example, you don't buy a car because you know so many things can happen to it and it will lose value. You can even get hurt too when you will have accident or something? And if you don't then maybe you should stop leaving your home because there is so many dangerous things outside ...
Personally I'm sorry for you because it has to be hard life where you have to worry about so many things ...
Lol, I think you're not really sorry for anyone but rather trying to inflate your ego. Offtopic! |
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The China/America thing was only to illustrate a point. You also have Europe, Russia, Africa, South America to consider - Basically all it takes is one country to say, 'fuck it, we love Bitcoin - do as you please' and they become the hub of all Bitcoin activity overnight. Then the fact that Bitcoin will still be functional in every other country means that there will probably still be people in those countries using it regardless of legality (as is observed with the prohibition of cannabis, for example)
What you say in pratice would mean that all those countries should drop their national currencies (or at least put Bitcoin on a par with them which would mean they don't value their own currency). How come? |
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If they are worthless, there is no harm in holding them. The transaction costs would be too high to actually sell them.
You will suffer losses having not sold them in time |
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i don;t think anyone can disagree that if the chineese government does accept bitcoin, they will most certainly want to be to regulating the exchanges, this will also cause a crash, so now is not the time to buy folks, let the chineese have their fun for the meantime, and lets swoop in later
thats all
China will never adopt Bitcoin as its currency unless they have full control over it and its emission (which is impossible by definition). Really, why should they? What profits will they get out of its adoption instead of yuan or on a par with it? |
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Unfortunately for them, they only have jurisdiction over their own territory, and Bitcoin is a global currency. So if, say, America were to ban the use of Bitcoin, there's nothing to say China wouldn't simply continue to encourage adoption. At this point, all BTC related business would move to China, leaving the U.S. behind as the rest of the world reaped the benefits of this new technology.
It's just ridiculous (don't take it personally). If it's banned in the USA, don't ever doubt it will be officially banned through the whole world very soon, maybe save for some rogue states like Iran or North Korea. But even with them, this opposition will be rather ostentatious and not involving real adoption. Ayatollahs aren't fools (whatever you see about them on TV), they may actually use Bitcoin for their purposes and definitely not in the direction you would want them. North Korea now lives at the expense of the USA (threatening to commit suicide), they would just die off from starvation but for the US humanitarian aid, so there is also not much room for discussion And all China economic successes are due to America, don't have any doubts about it |
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Governments currently are allowing Bitcoin to compete with their local currency. It seems there's something of a stand off going on - governments are aware of Bitcoin, and you would expect their immediate reaction might be to try to ban its use.
First of all, it is not competition you are referring to. The whole BTC economy is only 2-3 billion dollars worth, if not less. The effects of Bitcoin are negligible on the world scale Secondly, it would cost governments more to fight Bitcoin as to the damage it currently incurrs. In short, Bitcoin is just not worth fighting with it |
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It was belief in this strength that drove interest from the early adoptors. At some point this property will be tested and it will be interesting to watch.
Yes, this would definitely be an eye-catcher if it ever comes to that. Personally, I don't doubt its strengths but this just won't be enough to even enter the real cutthroat competition with a strong local currency (think those of the USDX basket) |
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That is exactly why Bitcoin was designed as a decentralized P2P protocol, with no single entity responsible for it's ongoing operation.
Of course governments will try to kill it. The US will try to regulate it to death, while some other countries might try to make it illegal. But the effect will be the same, Bitcoin will go on and be difficult/impossible to shutdown.
I have no objections that governments will not kill Bitcoin (whatever they may try to do) but do they really have to extinguish it entirely? Just think what destiny awaits Bitcoin if it is officially outlawed (remember gold in the USA of 1930s)? |
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Seems not very convenient, but this could be fixed in the future Also, as far as I got it that guy was the first one there (with that cashier) to pay off with BTC ... |
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One should decide for himself what he wants, I once had a sort of bump under my ear, googleing it I came to the conclusion I had cancer, which obviously is not correct (confirmed by a real doctor), the internet is THE worst place to search on for medical advice!
Was it a lymph node? |
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я б сказал оч вовремя начали здесь на форуме бронетехнику продавать, тут многие уже задумываются о том как охранять свои монетки или свои фермы ))))
Прикол будет если какой-нибудь Гондурас отменит доллар в качестве национальной валюты и перейдёт на биткоин... |
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Okay I get that, but alright I may sound dumb, what do bears and bulls metaphors mean ? Im not from western culture so anybody care to explain please.
It is easy to remember. Bulls attack with their horns upwards into the air, while a bear would crush with its paw downwards. So if the trend is up, this is considered metaphorically a bull market. If the trend is down, it is a bear market |
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It would be so unbelievably difficult to undo what's being built around the world pertaining to this technology.....
The longer we go with governments and banks doing nothing, the stronger the infrastructure is getting.
The stronger the infrastructure gets the less chance BTC will ever hit zero.
The more viral BTC goes the less chance BTC will ever hit zero.
The more businesses accepting BTC ... the chances of BTC hitting $0 become *zero*.
I honestly can't even think of what would have to happen on a global scale that could make BTC drop to $0.
Maybe nuclear war ...
Therefore, statements like the above one, don't seem to reflect an awareness of reality to me anymore.
No government will allow Bitcoin to compete with its local currency |
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А пушка у танка рабочая? |
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One never sells all his bitcoins, even if one has ultra bear views - Fact
Even if "BTC will eventually fail and go to $0"? I for one second this stance, though it doesn't imply we should not take a chance... |
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