[NEWS] Crypto-Eviction Notice !

[CryptoDatabase]

@database

odd that you mention that.
but yeah 90% of BTC value is based in trade-ing of ALTs.

I'm not a big fan of folks treating it simply as a stock but I do realize the importance of this to the overall economy of BTC. It follows the same pattern of any company where their main worth is the price of those stocks.

[dinofelis]

Without these people BTC and all altcoins would be worthless. They are what brings volume and your idea is pretty damn stupid.

Very akin to removing all altcoins. Would be the death of BTC completely. There are very few major businesses that use BTC, Dell being the biggest I know, and no real reason to buy them for financial usage.

Without that volume it is nothing.

No, without this, bitcoin would have its currency value, given by Fisher's formula.  We both agree that this would be ridiculously small as compared to the actual market cap.  If a *currency* is used (you know, to buy and sell goods), there is a demand for it, and an average hold time, between the moment where you obtain the money when you sell stuff of value, and the moment where you spend it to obtain stuff of value.  This demand gives rise to the normal price of a currency.  That should normally be bitcoin's price.

All the rest is greater-fool.  And, as we can see, this aspect of it is HUGE.

[kelsey]

All the rest is greater-fool.  And, as we can see, this aspect of it is HUGE.

finally someone knows their stuff 

[John Titor]

Without these people BTC and all altcoins would be worthless. They are what brings volume and your idea is pretty damn stupid.

Very akin to removing all altcoins. Would be the death of BTC completely. There are very few major businesses that use BTC, Dell being the biggest I know, and no real reason to buy them for financial usage.

Without that volume it is nothing.

No, without this, bitcoin would have its currency value, given by Fisher's formula.  We both agree that this would be ridiculously small as compared to the actual market cap.  If a *currency* is used (you know, to buy and sell goods), there is a demand for it, and an average hold time, between the moment where you obtain the money when you sell stuff of value, and the moment where you spend it to obtain stuff of value.  This demand gives rise to the normal price of a currency.  That should normally be bitcoin's price.

All the rest is greater-fool.  And, as we can see, this aspect of it is HUGE.

All true, and accurate. BUT, as I have said the real world does not work like that and it never will.  I have seen this same discussion play out a dozen times and nothing is going to change.

Maybe we should stop wasting our time debating idealistic fantasies

[CryptoDatabase]

Without these people BTC and all altcoins would be worthless. They are what brings volume and your idea is pretty damn stupid.

Very akin to removing all altcoins. Would be the death of BTC completely. There are very few major businesses that use BTC, Dell being the biggest I know, and no real reason to buy them for financial usage.

Without that volume it is nothing.

No, without this, bitcoin would have its currency value, given by Fisher's formula.  We both agree that this would be ridiculously small as compared to the actual market cap.  If a *currency* is used (you know, to buy and sell goods), there is a demand for it, and an average hold time, between the moment where you obtain the money when you sell stuff of value, and the moment where you spend it to obtain stuff of value.  This demand gives rise to the normal price of a currency.  That should normally be bitcoin's price.

All the rest is greater-fool.  And, as we can see, this aspect of it is HUGE.

All true, and accurate. BUT, as I have said the real world does not work like that and it never will.  I have seen this same discussion play out a dozen times and nothing is going to change.

Maybe we should stop wasting our time debating idealistic fantasies

The real world does work like this though. A currencies value, excluding the total amount of the currency, is based mainly on it's use. If everyone stopped using USD, for example, it would be worthless.

[dinofelis]

The real world does work like this though. A currencies value, excluding the total amount of the currency, is based mainly on it's use. If everyone stopped using USD, for example, it would be worthless.

Indeed.  The only reason why crypto can live on a overblown market cap as compared to its usage value, is "greater fool theory", and there's still a whole world of greater fools potentially to be taken.  It will only come down, once the last layer of greater fools start to realize that they were the greatest fools, and that there aren't any left.  But that can still be many, many years away.  Or it could be next year.

[BitcoinNational]

Are we gonna evict or are we gonna evict ... Spoet?

#1
Some knows a wallet that still work for Bytecoin BCN ? https://bitcointalk.org/index.php?topic=1810520.0
ByeBye Bytecoin

#2
AEON
hey XMR crew your toy is broken and being delisted.