Bitcoin Forum
December 04, 2016, 12:00:05 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: what would happen to bitcoin if...  (Read 1643 times)
BitMagic
Member
**
Offline Offline

Activity: 98


View Profile
September 22, 2011, 04:44:09 AM
 #21

my main thoughts were would it survive and thrive? or die out because the speculation market is gone.


Some of us are here to get away from the control that comes with fiat. I would go so far as to assume that some of the more hardcore Bitcoin proponents feel this way. If someone managed to control Bitcoin (which I see as unlikely at this point), many of those hardcore proponents would be gone the next day.

You do realize that the "control scheme" you're so worried about is actually completely automated in Bitcoin, and the very reason why gold is no longer used as a currency: unmanaged money supply will never be stable, and instability makes for unusable currency.

Please give me your money, because I am a shameless libertarian elite who deserves your money more than you do: 9Hkao8U82WWDp6SQGn4k7ad9gT1LWeL5s3
1480809605
Hero Member
*
Offline Offline

Posts: 1480809605

View Profile Personal Message (Offline)

Ignore
1480809605
Reply with quote  #2

1480809605
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480809605
Hero Member
*
Offline Offline

Posts: 1480809605

View Profile Personal Message (Offline)

Ignore
1480809605
Reply with quote  #2

1480809605
Report to moderator
1480809605
Hero Member
*
Offline Offline

Posts: 1480809605

View Profile Personal Message (Offline)

Ignore
1480809605
Reply with quote  #2

1480809605
Report to moderator
1480809605
Hero Member
*
Offline Offline

Posts: 1480809605

View Profile Personal Message (Offline)

Ignore
1480809605
Reply with quote  #2

1480809605
Report to moderator
dsp
Jr. Member
*
Offline Offline

Activity: 50


View Profile
September 22, 2011, 05:38:08 AM
 #22

It's been a while since I coded anything, let me take a whack

Code:
Load "*",8,1
5 Let a = 0
6 a=a+1
10 Print HELLO
20 Print How much are Bitcoins?
Rem 30 Input 8-8
40 Print Bitcoins are a$ 4,4
50 Goto 6

It may need a few tweaks.


It's hard to answer your question though (as what would happen) because I'm not even sure -how- that would happen, which would alter things, on top of getting enough clients to switch over to the fiat-pinned version.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
September 22, 2011, 06:09:52 AM
 #23

Bitcoin can certainly not be marketed as a brand, for there is no profitability in doing so.

but bitcoin.com can be, along with many other bitcoin-related brands that will surely turn a profit.


Possibly. I am optimistic about bitcoin, but I'm not sure that the public will wake up and start using the smart idea anytime soon. We're still using fossil fuel, Windows, and trickle-down economics. Bitcoin has a place as a global niche currency for sure, but it's going to be as hard to sell to Americans as the Metric System.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
September 22, 2011, 06:11:15 AM
 #24

it's going to be as hard to sell to Americans as the Metric System.

funny you word it like that, given Americans make up the bulk of the current bitcoin community.
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
September 22, 2011, 07:18:59 AM
 #25

Quote
in the second example, china made it totally illegal to trade at a different rate, and i for one wouldn't want to get caught doing anything illegal in china.

I live here and even have bankers refer me to black market brokers who actually operate within the bank Grin In China things are only illegal of you get caught when someone is having a bad day Grin

Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
September 22, 2011, 07:44:17 AM
 #26

In China things are only illegal of you get caught when someone is having a bad day Grin


1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
Jixtreme
Full Member
***
Offline Offline

Activity: 121


View Profile
September 22, 2011, 01:50:27 PM
 #27

but it's going to be as hard to sell to Americans as the Metric System.

LOL.

Two types of Americans will cling to USD: 1) political/government types who will equate Bitcoin to domestic terrorism. 2) Idiots who fall for the crap that political/government types say.

Unfortunately, that makes up about 80% of our populace or more.

I prefer the metic system, BTW, but I'm a Physics grad, so I suppose that's not too much of a stretch.
Vandroiy
Legendary
*
Offline Offline

Activity: 1036


View Profile
September 22, 2011, 02:33:35 PM
 #28

Some of us are here to get away from the control that comes with fiat. I would go so far as to assume that some of the more hardcore Bitcoin proponents feel this way. If someone managed to control Bitcoin (which I see as unlikely at this point), many of those hardcore proponents would be gone the next day.

This. Bitcoin controlled by US money supply, directly linked to the Dollar? We already have that, it's called name your bank / Dwolla / PayPal / asdf.

That is not Bitcoin. It functions only through banks, needs no p2p network whatsoever, where's the point?
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!