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Author Topic: Does McDonald coin have the power to cause dip in bitcoin market  (Read 186 times)
cellard
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August 03, 2018, 12:36:09 PM
 #21

The cool thing about Bitcoin is the best devs are all already rich from being early adopters, so they can't be bought... there is nothing to win about moving into developing some shitcoin other than ruining your reputation for accepting a bribe. If at least they were broke I would understand that but they are most likely all very well off.

This creates an incentive for the best devs to keep supporting and improving Bitcoin. In other words there is nothing to fear about some big corporation "putting together a team" an then trying to buy some of the best devs in the space to move from Bitcoin into their shitcoin: it's not going to happen.

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August 03, 2018, 01:02:15 PM
 #22

The cool thing about Bitcoin is the best devs are all already rich from being early adopters, so they can't be bought...

cough cough....bitcoincash....cough ver puppets

Back to the topic, it makes me really sad...
I'm amazed to see such a level of ignorance from high ranking forum members.

It's a fword voucher shaped like a coin, you can only redeem it once for another big mac!!!

And you know what, I got one!!!
Now I'm going to be labeled a McDonald's shilling as I will try to pump this coin to reach the value of.....2 Big Mac!!!!

It is an interesting one though. If McDonald's made them valid forever that makes them a vastly better store of value than the USD. They'll always be worth one Big Mac no matter how shitty and worthless your dollar bill becomes.

Nope, valid only in 2018.





cellard
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August 03, 2018, 07:16:53 PM
 #23

Quote from: stompix link=topic=4800658.msg43397441#msg43397441

cough cough....bitcoincash....cough ver puppets

None of which are bitcoin devs anymore in any capacity. They aren't in Bitcoin Core and they aren't Bitcoin devs in general as they are working in an altcoin. Therefore Bitcoin devs cannot be bought, you just end up kicked out one way our another.

Gavin and Mike sold off to US government way before BTC went up to $1000+ anyway, so they never had as much money as current devs. The longer the time goes on the richer devs (which are holders) become, so the less incentive to sell off. Also given past precedents, they don't want to ruin their reputation just like the aforementioned.

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August 05, 2018, 12:10:14 AM
 #24

No. Don't be daffy. It's not a coin in any way. It's a redeemable voucher in effect.

It is an interesting one though. If McDonald's made them valid forever that makes them a vastly better store of value than the USD. They'll always be worth one Big Mac no matter how shitty and worthless your dollar bill becomes.

It might wake some people up as to what money actually is.
It good to hear that and I hope to literally generate something good for cryptocurrency. However, I don't think McDonald will make them valid forever.





Quote from: stompix link=topic=4800658.msg43397441#msg43397441

cough cough....bitcoincash....cough ver puppets

None of which are bitcoin devs anymore in any capacity. They aren't in Bitcoin Core and they aren't Bitcoin devs in general as they are working in an altcoin. Therefore Bitcoin devs cannot be bought, you just end up kicked out one way our another.

Gavin and Mike sold off to US government way before BTC went up to $1000+ anyway, so they never had as much money as current devs. The longer the time goes on the richer devs (which are holders) become, so the less incentive to sell off. Also given past precedents, they don't want to ruin their reputation just like the aforementioned.
Well, we can't in anyway blame Gavin because he was once a politician and all old and new politician usually have the act of backbiting

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August 06, 2018, 06:40:46 AM
 #25

no it can not. and your friend was most probably trolling you.

people aren't just going to sell bitcoin (a decentralized currency with scarce supply) just because McDonal coin may be created (a centralized coin with limited usability and unlimited ontrolled supply).
I also do not think so, bitcoin is the strongest crypto currency and no other currency has the power to cause the dip of bitcoin. I think that there are already some good altcoin but even they do not have any impact on bitcoin. therefore there are less possibilities to happen that.
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August 06, 2018, 07:05:10 AM
 #26

Acouple of days back the bitcoin market was gaining some slightly increase in price but every thing change since Wednesday and when speaking with a friend online he sent a me a YouTube video of McDonald planning to create their own coin. He said the coin was the reason why the market is down and I don't believe him but McDonald have more capital than cryptocurrency this year.
What's your thought guys?

No, I don't think that this news has something to do with bitcoin current slump in recent days. Do you think that they will just pour all their capital on their coin to tip the balance on their favor? I don't think so.

Investors are simply cashing out in the last couple of days and usually this dip happens on weekends anyways so I'm expecting that bitcoin will go above $7K and probably hits $7100-$7200 this week and as we get closer to the EFT decision, we might see a slight spike on the price.

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August 07, 2018, 01:46:23 PM
 #27

no it can not. and your friend was most probably trolling you.

people aren't just going to sell bitcoin (a decentralized currency with scarce supply) just because McDonal coin may be created (a centralized coin with limited usability and unlimited ontrolled supply).
I also do not think so, bitcoin is the strongest crypto currency and no other currency has the power to cause the dip of bitcoin. I think that there are already some good altcoin but even they do not have any impact on bitcoin. therefore there are less possibilities to happen that.

Lol. Mcdonald coin that's funny. It's not even as established as majority of alts in the top 20 and hasn't been on a lot of exchanges. It's like a parody though it could have real use in the future but no way it can have an effect on bitcoin

bitcoinerjawa
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August 07, 2018, 04:18:46 PM
 #28

in my opinion McDonald's will not be able to influence the decline in the price of bitcoin, but that can happen if McDonald's has a lot of bitcooin and no buyer opens a buy order.

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August 07, 2018, 04:57:18 PM
 #29

Acouple of days back the bitcoin market was gaining some slightly increase in price but every thing change since Wednesday and when speaking with a friend online he sent a me a YouTube video of McDonald planning to create their own coin. He said the coin was the reason why the market is down and I don't believe him but McDonald have more capital than cryptocurrency this year.
What's your thought guys?
He's just trolling you brother or just simply dumb to think that particular thing can really give affect on the entire market. How he can consider that possibility which the market do involve billions of dollars on overall cap?
Even Mcdonald would have the capability they wont still tend up to risk their funds on engaging themselves to crypto but I do rather believe they would create their own coin for their common purpose.


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August 07, 2018, 07:08:42 PM
 #30

There is no a link between traders ditching their bitcoins for the McDonald coin, the bearish trend of bitcoins seen in the past days have not a single factor either the rise  of a new coin or the regulations of the ETF by SEC.

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August 25, 2018, 08:08:35 AM
 #31

McDonald coin is just a coin for McDonald business but nt for entire crypto market so we no need to worry about mcdonald coin with bitcoin market both are in different direction
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