bloc4 (OP)
Newbie
 Offline
Activity: 3
Merit: 0
|
 |
January 22, 2016, 09:11:21 PM |
|
lol just lol...
|
|
|
|
|
odolvlobo
Legendary
Offline
Activity: 4494
Merit: 3413
|
|
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: - The dollar is no longer backed by gold and Bitcoin is backed by nothing.
- The dollar is backed by the full faith and credit of the U.S. government.
- The dollar is backed by the U.S. military.
- The dollar is backed by banks.
- Bitcoin is backed by math.
- Bitcoin is backed by the processing power of the network.
- Bitcoin is backed by electricity.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
|
watashi-kokoto
|
|
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.  |
|
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3514
Merit: 6986
Top Crypto Casino
|
|
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.
|
|
|
|
|
Drekavac
|
|
January 22, 2016, 10:05:47 PM |
|
So what then making value for bitcoin? Electricity?
Or demand?
|
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1012
|
|
January 22, 2016, 10:10:04 PM |
|
lol just lol...
human are backed by oxygen and water. try again. |
|
|
|
|
|
LordCoder
|
|
January 22, 2016, 10:10:39 PM |
|
My dog is also backed by me I guess based on your argument.
|
|
|
|
|
|
Drekavac
|
|
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..?
|
|
|
|
|
|
maokoto
|
|
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.
|
|
|
|
|
Drekavac
|
|
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.. |
|
|
|
|
|
Zeroxal
|
|
January 22, 2016, 10:35:05 PM |
|
lol just lol...
human are backed by oxygen and water. Both oxygen and water will cause cancer and kill a human. Bitcoin will be killed because of its long use of math and electricity. Joke - I have no idea what this thread is about and why OP posted it... |
|
|
|
|
franky1
Legendary
Offline
Activity: 4396
Merit: 4761
|
|
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  |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
|
|
January 23, 2016, 12:41:15 AM |
|
Nice graph.
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
|
|
franky1
Legendary
Offline
Activity: 4396
Merit: 4761
|
|
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 |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
|
|
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 This one time... on the Bitcointalk forum... |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
|
|
aso118
Legendary
Offline
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
|
|
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.. Not 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.  |
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
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
|
|
|
|
|
virtualdn
Legendary
Offline
Activity: 1372
Merit: 1093
|
|
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.
|
1 BTC = 1 BTC
|
|
|
|
Windpower
|
|
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.
|
|
|
|
|
Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
|
|
January 23, 2016, 11:40:03 AM |
|
lol just lol...
 |
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
|
|
|
|
