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Author Topic: Let's bury Bitcoin and cryptocurrencies once and for all  (Read 281 times)
filharvey
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January 05, 2018, 11:50:47 PM
 #41

Could you please explain what actually is the value of a USD since it is not even backed by gold.Bitcoin is not a ponzi scheme.It actually gives ownership to its holder and it could not be devalued by governments any time.

It is free from inflation.Just like gold gets its value from the trust people have over it and the price which they are willing to pay to buy bitcoin.Bitcoin's higher demand increases its value.If there is no demand,even gold would be just considered as a piece of yellow metal.



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January 05, 2018, 11:51:47 PM
 #42

OP crypto are good in easy transaction and to save our money here so if you only know what the negative of it why you just go like leave this if you don't know the value of it.Either you do business here so you can earn by that or learn here some knowledge that's crypto.Moreover i think base in many way your right about the number that only counted to earn but still they open a job from it and give an easy way to transact in different country all over the world.

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January 05, 2018, 11:59:23 PM
 #43

Exposing crypto currencies as ponzi schemes and showing that they never had nor ever will have anything to do with money is an incredibly easy task to do. All one needs to do is to look at one simple concept -the concept of number. A number is defined as a mathematical object used to count, measure, or label things. Now, given this concept let us ask one simple question: What 'thing', is measured, counted, or labeled, with the number called bitcoin?
.... the rest you can watch in this short Youtube video:
https://youtu.be/gcNngl8fCUY

Bitcoin didn't get so popular because it was a scheme. It opened a new thread which leads us to a new era, the era of blockchain. We will achieve great things with this tech, it might not be Bitcoin, but something good will come out of it.
DarkEagleMan
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August 11, 2018, 07:41:00 PM
 #44

Your premise is extremely poor and would not be enough to prove the invalidity of bitcoin or the other cryptos. In fact, the weaknesses that can lead to the gradual collapse of the market are many different technical and practical issues, rather than theoretical entanglement based on the supposed inability of bitcoin "to measure something".

In fact, numbers are not "objects," as you absurdly mention, nor is bitcoin a number.
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