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cassimares
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October 30, 2014, 04:46:48 AM |
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Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Mccoy818
Newbie
 Offline
Activity: 42
Merit: 0
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October 30, 2014, 10:52:21 AM |
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well I bought a amazon gift card with bitcoin.. so yes people consider it real value.  Not just that. There are lots of products for sale for btc, that alone is good enough proof that btc has value. |
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resya
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October 30, 2014, 11:34:42 AM |
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well I bought a amazon gift card with bitcoin.. so yes people consider it real value. Not just that. There are lots of products for sale for btc, that alone is good enough proof that btc has value. yeah... you can buy lots of products with bitcoin: funerals, boob reductions, face punching services, guns that point backwards, etc.. |
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AviThour
Newbie
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Activity: 28
Merit: 0
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October 30, 2014, 11:38:09 AM |
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There's nothing distributed they are working for it. You have half information there you should read more about it.
That, You can visit Mining section to know more about it. |
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tanaka
Member
Offline
Activity: 87
Merit: 10
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October 30, 2014, 02:07:52 PM |
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Yeah it does.. If it doesnt, then what am I doing here?
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xcom
Newbie
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Activity: 56
Merit: 0
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November 13, 2014, 07:08:09 PM |
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Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
for me, cassimares have right, Bitcoin has a value of hardware, electricity and all that is needed to create it! |
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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November 13, 2014, 09:35:37 PM |
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The best argument for bitcoin having value is because you can buy stuff with it. When I buy a pound of gold, I assume to seller sees the value of my bitcoin as greater than the value of his gold.
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Velkro
Legendary
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Activity: 2296
Merit: 1014
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November 13, 2014, 09:41:54 PM |
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Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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November 13, 2014, 09:48:19 PM |
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Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
You sir, get an A+ ! My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central. |
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Aterna
Full Member
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Activity: 138
Merit: 100
★YoBit.Net★ 100+ Coins Exchange & Dice
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November 13, 2014, 09:51:10 PM |
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Bitcoin is a token that represents a fluctuating amount of fiat. We use it instead of banks, paypal and whatnot because it has qualities the others cant touch. Decentralized - What gets sent got sent and can't be undone and taken away. Speed - It's about as instant as instant gets (unless you count confirmation, even then it's still faster than credit cards and most bank wires) Secure - You can't hack bitcoin.
So the value is in those benefits listed above.
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ObscureBean
Legendary
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Activity: 1148
Merit: 1000
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November 14, 2014, 08:17:48 AM |
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Bitcoin doesn't have any intrinsic value in and of itself. People give BTC its value by willingly exchanging it for something that is already considered valuable like the dollar.
However even if nobody else agrees that it has value, it still remains valuable to the miner by virtue of associated mining costs, electricity, hardware etc. Miners pay real money to 'make' Bitcoins but it's all a gamble.
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ferdinant
Newbie
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Activity: 28
Merit: 0
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November 14, 2014, 10:05:34 AM |
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iti s regulated by supply and demand
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Rampton
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November 14, 2014, 12:16:24 PM |
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Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
You sir, get an A+ ! My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central. This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry. |
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nothingnew
Newbie
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Activity: 29
Merit: 0
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November 15, 2014, 01:17:36 AM |
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Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
You sir, get an A+ ! My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central. This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry. Gold is the original POW money, not like any fiat. |
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leesin
Member
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Activity: 93
Merit: 10
#feelthebern
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November 15, 2014, 10:37:36 PM |
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its safe to say that if it didnt have real value, we all woundt have been doing bitcoin right.
its only when people started to buy things with it, and selling bitcoin for cash made a huge spark for most.
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pawel7777
Legendary
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Activity: 2436
Merit: 1560
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November 15, 2014, 11:09:00 PM |
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Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
That doesn't really matter, the cost of mining can provide some psychological indication to where the BTC price should be, but it doesn't create the value. Example: If I buy very expensive paint, brushes and canvass, then spend 100 hours on painting and (since I can't paint a shit) my finished painting is butt-ugly and no one wants to buy it at any price - then (despite the costs) it won't have any value.
This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry.
Yes, you can use gold for other things. But most of its value is the general consensus that the gold is valuable. If all of a sudden all the people stopped recognise gold as a 'store of value' or investment, its price would fall by something around 80-90% (I've seen some analysis the other day). Helium (the gas used in the balloons) is pretty rare and we may run out of it soon, but it's not considered valuable. Link http://chemistry.about.com/b/2013/12/02/will-we-run-out-of-helium.htmMaybe investing in helium isn't a bad idea?  |
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xcapator
Sr. Member
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Activity: 322
Merit: 252
Here I Am !!
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November 16, 2014, 02:41:44 AM |
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Bitcoin has real value also as a store of value, I can use BTC to purchase an infinite amount of tangible goods so it is really worth something.
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t800ch
Newbie
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Activity: 9
Merit: 0
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November 16, 2014, 08:57:54 AM
Last edit: November 16, 2014, 01:17:44 PM by t800ch |
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Read this New York Times articles. http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?_r=0As for the volatility of bitcoin, it's true there's no central bank that serves as a reserve to back it up. The people who back them up are the ones who see enough values in security, privacy, and the convenience to exchange their fiat currency and golds for the bitcoin equivalent. |
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elliwilli
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November 16, 2014, 12:24:53 PM |
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Bitcoin has what is known as intrinsic and intangible value. it is valuable because we say it is valuable, just like gold.
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luciann
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November 16, 2014, 06:37:58 PM |
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well i just bought an iphone 5 with bitcoin, so yeah it has value.
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