Bitcoin Forum
June 27, 2017, 12:34:21 PM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Lack of hard asset backing for bitcoin a problem? Witness QQ coins.  (Read 6579 times)
ShadowOfHarbringer
Legendary
*
Offline Offline

Activity: 1470


Bringing Legendary Har® to you since 1952


View Profile
January 06, 2011, 11:29:39 PM
 #21


OK, but gold is not also backed by anything itself.
So what ?


Agreed! Gold also is not "backed" by anything and so what? I am just arguing that bitcoins are also not backed and should be valued at their market price.

OK, actually we're both right, this discussion is pointless.

How did this start ? Ah, i said that bitcoins are "backed". Well, wrong choice of words. I should have said that they are valued at their market price like a commodity.
Mea culpa Wink

1498566861
Hero Member
*
Offline Offline

Posts: 1498566861

View Profile Personal Message (Offline)

Ignore
1498566861
Reply with quote  #2

1498566861
Report to moderator
1498566861
Hero Member
*
Offline Offline

Posts: 1498566861

View Profile Personal Message (Offline)

Ignore
1498566861
Reply with quote  #2

1498566861
Report to moderator
1498566861
Hero Member
*
Offline Offline

Posts: 1498566861

View Profile Personal Message (Offline)

Ignore
1498566861
Reply with quote  #2

1498566861
Report to moderator
POLONIEX TRADING SIGNALS
+50% Profit and more via TELEGRAM
ALTCOINTRADER.CO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Vinnie
Full Member
***
Offline Offline

Activity: 126


View Profile
January 07, 2011, 05:25:32 AM
 #22


OK, but gold is not also backed by anything itself.
So what ?


Agreed! Gold also is not "backed" by anything and so what? I am just arguing that bitcoins are also not backed and should be valued at their market price.

OK, actually we're both right, this discussion is pointless.

How did this start ? Ah, i said that bitcoins are "backed". Well, wrong choice of words. I should have said that they are valued at their market price like a commodity.
Mea culpa Wink

No problemo Smiley

Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!