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Author Topic: Bitcoin and Bitcoin Classic  (Read 1351 times)
franky1
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June 19, 2017, 06:55:14 PM
 #41

No use supporting a coin that are not accepted for payment everywhere.  Roll Eyes
thats what matters most.. many people think its about price.. long term its about what bitpay / coinbase offer as the coin thats acceptable to their merchant tools/shopping cart API

as for the exchanges.. pretty much all the coins will be on all the exchanges

You are making contradictory statements (as always)

It is no use supporting the coin which doesn't get traded (read listed) at major exchanges (and Coinbase is nowhere near being one). If we compare the impact of exchanges versus merchants on Bitcoin price, the latter will suck heavily as you yourself say ("pretty much all the coins will be on all the exchanges"). It should be obvious that most of Bitcoin value comes via exchanges, so Coinbase, Bitpay (or any other payment processor, for that matter) with their shopping cart API's will be utterly irrelevant if exchanges refuse to support a certain coin

im not being contradictory at all, i just see things layers/dimensions deeper than most

as always you think 'value' means price

but value is utility

anyone can have a coin with a large market cap
anyone can cause a swing in the price

but if you went to use bitcoin to buy something real.. and found out that the merchant tools (shopping cart) was using a different chain.. then your stuck with a coin that cant buy real things.

..
as for the exchanges, most exchanges will offer swaps between the different chains.. thats where exchanges get their profits. from people doing swaps

..

ok lets simplify it for many people
instead of thinking about price of bscoin(segwit) bitcoin(legacy/classic) bitmaincoin(bitmains alt) and the fight for price.

imagine coinbase, bitpay, purse, gyft and other real world purchase utility flipped to use litecoin for real world goods purchasing

now imagine the impact of merchant services deciding a certain coin for utility.. and let that play into your scenarios.. knowing it has nothing to do with which 'bitcoin' has biggest price..

once you do that and come to that realisation.. and ran a few cause/affect scenario's... simply replace the word litecoin for any of the bitcoin upcoming forks.. and realise the same applies. its not due to 'price' but due to utility and decisions of services

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
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June 19, 2017, 07:43:18 PM
 #42

No use supporting a coin that are not accepted for payment everywhere.  Roll Eyes
thats what matters most.. many people think its about price.. long term its about what bitpay / coinbase offer as the coin thats acceptable to their merchant tools/shopping cart API

as for the exchanges.. pretty much all the coins will be on all the exchanges

You are making contradictory statements (as always)

It is no use supporting the coin which doesn't get traded (read listed) at major exchanges (and Coinbase is nowhere near being one). If we compare the impact of exchanges versus merchants on Bitcoin price, the latter will suck heavily as you yourself say ("pretty much all the coins will be on all the exchanges"). It should be obvious that most of Bitcoin value comes via exchanges, so Coinbase, Bitpay (or any other payment processor, for that matter) with their shopping cart API's will be utterly irrelevant if exchanges refuse to support a certain coin

im not being contradictory at all, i just see things layers/dimensions deeper than most

Your layers (dimensions) are mutually exclusive

You basically talk about Bitcoin value which stems from its transactional utility (i.e. from Bitcoin use as a means of payment) in your convoluted way but you still ignore the fact that this utility is minuscule at best (or just outright ridiculous). Most of Bitcoin value comes out of sheer speculation, and that's where its utility exactly equals its nominal price (remember, "buy low sell high"). As you can easily guess, exchanges are the place where this speculative utility is born, just like the transactional utility is brought about by merchants accepting Bitcoin as a means of payment for their goods. The lesson to take home is that the impact of exchanges is devastatingly overwhelming that of merchants and which can be safely discarded for most intents and purposes

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