|
dasein
|
 |
November 20, 2013, 10:14:46 PM |
|
Bitcoins advantages are technical and if you take that from bitcoin there is nothing left.
Not true. One of bitcoins main advantages is that inflation is predictable. Maybe you understand the technical aspects of bitcoins but you do not seem to understand the problems with the current monetary situation or the political implications of Bitcoin. This is wrong. Bitcoin lives from being a worldwide currency. As soon as you are not able to pay anything with it, it will lose its value. Just because something is "rare" doesn't mean it hast value. I can print 10.000 sheets with "this is xymoney" on it and say they have a value because I just made 10k. But the don't. And the same goes for bitcoin. Bitcoins value only stems from it's (promises of) advantages over other payment systems. Since the beginning. Yes but is your "xymoney" accounted for on a distributed public ledger with an insane amount of processing power (huge amounts of invested capital) behind it? |
|
|
|
|
macsga
Legendary
 Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
|
|
November 20, 2013, 10:15:39 PM |
|
 G'nite people... time to go to bed after a hard mining day...  |
|
|
|
|
|
TERA
|
|
November 20, 2013, 10:16:32 PM |
|
4 hour chart going DOWN , its bear time.
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
November 20, 2013, 10:18:08 PM |
|
4 hour chart going DOWN , its bear time.
its been bear time for you since 200 cool it. |
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 20, 2013, 10:19:16 PM |
|
does look like its nosing over again
come ON bears, lets see it already!
|
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
|
November 20, 2013, 10:20:29 PM |
|
Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.
How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount... bitcoin to hookers&blow ratio wow, well alright then  It was more about Utility and judging value and adoption around the world - it was also tongue in cheek - but your post reminded me of the Hooker Point theory.... |
|
|
|
|
|
bassclef
|
|
November 20, 2013, 10:20:36 PM |
|
4 hour chart going DOWN , its bear time.
4 hour Bitstamp chart going up. Bull time! |
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
|
November 20, 2013, 10:21:46 PM |
|
Bull..? Bear...?
Both can't be right.
|
|
|
|
|
Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
|
|
November 20, 2013, 10:26:02 PM |
|
4 hour chart going DOWN , its bear time.
its been bear time for you since 200 cool it. At least there will be some bots selling and so a small dip. |
|
|
|
|
|
Sword Smith
|
|
November 20, 2013, 10:26:08 PM |
|
Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) |
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 20, 2013, 10:27:26 PM |
|
goddammit
MAKE WITH THE CHEAP COINS ALREADY!
|
|
|
|
|
bitcoin carpenter
Legendary
Offline
Activity: 1582
Merit: 1001
|
|
November 20, 2013, 10:27:57 PM |
|
630 in Beijing
|
|
|
|
|
|
miningnew
|
|
November 20, 2013, 10:28:13 PM |
|
goddammit
MAKE WITH THE CHEAP COINS ALREADY!
+1  |
|
|
|
|
haightst
Newbie
Offline
Activity: 42
Merit: 0
|
|
November 20, 2013, 10:28:25 PM |
|
Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) ~~~ /\SHARKS X BTC~~~ exchange (*coming soon*)  teeheheee |
|
|
|
|
|
worldlybedouin
|
|
November 20, 2013, 10:28:52 PM |
|
I actually need it to go up to 722 again briefly so I can sell to "break even"...and THEN we can have it fall down to like $20/BTC!  |
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
|
November 20, 2013, 10:28:57 PM |
|
Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) I am pretty much all in coin - don't like Gox Bux and I have a couple of coin's worth of fiat in Stamp. But I have bought on the way down and can't get money in fast - like many I suspect. So I can basically only ride the storm and HOLD. |
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
November 20, 2013, 10:29:24 PM |
|
Bitstamp is bullish and wants to go up. Gox has no idea what it's doing and is just looking at China. China looks very much oversold on the 12h-6h-4h charts but is still trading sideways with a few attempts at manipulation by whales from the West. So what's it going to be? |
|
|
|
|
haightst
Newbie
Offline
Activity: 42
Merit: 0
|
|
November 20, 2013, 10:29:32 PM |
|
goddammit
MAKE WITH THE CHEAP COINS ALREADY!
no worries ~ that will cost you 1 BTC ! LOL |
|
|
|
|
Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
|
|
November 20, 2013, 10:30:33 PM |
|
Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) I am pretty much all in coin - don't like Gox Bux and I have a couple of coin's worth of fiat in Stamp. But I have bought on the way down and can't get money in fast - like many I suspect. So I can basically only ride the storm and HOLD. If you are quite positive it will go down you can sell a few and buy back in lower. |
|
|
|
|
rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
November 20, 2013, 10:31:23 PM |
|
You forget, that you are obligated to accept government currency as a payment.
No you aren't. My business, my terms of trade. your plucky defiance is inspiring, however... there are men with guns and state sanction to use them that beg to differ Bank of Finland (branch of ECB; the Central Bank of Finland) has expressly stated that one is free to decide what he accepts as payment, and this may mean the exclusion of Euro, the official currency. Exception to this are government-sanctioned monopolies such as pharmacies. They are obligated to accept Euro as payment. In theory, "Euro" is an unlimited number of banknotes of 5, 10, 20, 50, 100, 200 and 500 euros, and maximum 50 coins per transaction. In practice, "Euro" can mean credit and debit cards, even to the exclusion of cash altogether. Also many services do not accept 100 or larger notes, also many places accept more than 50 coins since they probably don't know that they could reject it. Or don't care. |
|
|
|
|
|
Poll
