BITCOIN as an alternative to regular currency

Post Reply
cyxstudio
Posts: 158
Joined: Sun Mar 23, 2014 11:18 pm

Wed Jan 10, 2018 1:13 pm

Euler wrote:
Mon Jan 08, 2018 1:25 pm
Zenyatta wrote:
Mon Jan 08, 2018 6:56 am
So these valid reasons do I think show that the crypto-currencies do have *some* minimum value as an alternative store of value to government fiat money?
Prof Ethan Ilzetzki at the London School of Economics told the BBC: "A digital unit of currency has no intrinsic value unless it can be used in transactions, and I cannot name a single cryptocurrency that is more useful in transactions than a credit card that's denominated in dollars or pounds or yen.
do credit cards provide

-anonymity ?
-fast transaction ?
-low fees?
-simplicity?
-inflation proof?
-censorship proof?

steven1976
Posts: 1742
Joined: Tue Jan 19, 2010 6:28 am

Fri Jan 12, 2018 10:47 pm

cyxstudio wrote:
Wed Jan 10, 2018 1:13 pm
Euler wrote:
Mon Jan 08, 2018 1:25 pm
Zenyatta wrote:
Mon Jan 08, 2018 6:56 am
So these valid reasons do I think show that the crypto-currencies do have *some* minimum value as an alternative store of value to government fiat money?
Prof Ethan Ilzetzki at the London School of Economics told the BBC: "A digital unit of currency has no intrinsic value unless it can be used in transactions, and I cannot name a single cryptocurrency that is more useful in transactions than a credit card that's denominated in dollars or pounds or yen.
do credit cards provide

-anonymity ?
-fast transaction ?
-low fees?
-simplicity?
-inflation proof?
-censorship proof?
Bitcoin charge around 50 $ for a transaction and can take up to 12 hrs cant they to process?
https://bitinfocharts.com/comparison/bi ... nfees.html

cyxstudio
Posts: 158
Joined: Sun Mar 23, 2014 11:18 pm

Sat Jan 13, 2018 10:39 am

steven1976 wrote:
Fri Jan 12, 2018 10:47 pm
cyxstudio wrote:
Wed Jan 10, 2018 1:13 pm
Euler wrote:
Mon Jan 08, 2018 1:25 pm


Prof Ethan Ilzetzki at the London School of Economics told the BBC: "A digital unit of currency has no intrinsic value unless it can be used in transactions, and I cannot name a single cryptocurrency that is more useful in transactions than a credit card that's denominated in dollars or pounds or yen.
do credit cards provide

-anonymity ?
-fast transaction ?
-low fees?
-simplicity?
-inflation proof?
-censorship proof?
Bitcoin charge around 50 $ for a transaction and can take up to 12 hrs cant they to process?
https://bitinfocharts.com/comparison/bi ... nfees.html

scaling is one of the toughest problems now. Lightning network will solve that. (hopefully)

User avatar
Euler
Posts: 14975
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Tue Jan 16, 2018 7:59 am

Everyone Is Getting Hilariously Rich and You’re Not

https://www.nytimes.com/2018/01/13/styl ... aires.html

User avatar
marksmeets302
Posts: 466
Joined: Thu Dec 10, 2009 4:37 pm

Tue Jan 16, 2018 7:59 am

For your daily bitcoin-wtf? moment:

Researchers find that one person likely drove Bitcoin from $150 to $1,000.

https://techcrunch.com/2018/01/15/resea ... 0-to-1000/

User avatar
Euler
Posts: 14975
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Tue Jan 16, 2018 8:08 am

That previous article I posted showed a lot of the wealth is concentrated in only a small group, so entirely possible I would think. A lack of sellers on the way up probably magnifies it.

RicHep365
Posts: 79
Joined: Thu Nov 23, 2017 9:42 am

Tue Jan 16, 2018 11:23 am

Euler wrote:
Tue Jan 16, 2018 8:08 am
That previous article I posted showed a lot of the wealth is concentrated in only a small group, so entirely possible I would think. A lack of sellers on the way up probably magnifies it.
The whole crypto market is getting smashed today, it's funny reading the comments of the people that have put all their eggs in the crypto basket thinking it could only go one way!

dragontrades
Posts: 495
Joined: Wed Oct 19, 2016 11:22 pm

Tue Jan 16, 2018 1:00 pm

flushing the dumb money out of the market that has flooded into sh*t coins.
I love cryptos but it has become full of people trying make money out of gullible people with ponzis and systems and free money.
I am buying up litecoin during this drop.
It has long term legs

User avatar
Euler
Posts: 14975
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Tue Jan 16, 2018 2:16 pm

When the speculative money finally falls out of the system we may be able to see the wood for the trees.

User avatar
ShaunWhite
Posts: 1807
Joined: Sat Sep 03, 2016 3:42 am

Tue Jan 16, 2018 3:00 pm

Euler wrote:
Tue Jan 16, 2018 2:16 pm
When the speculative money finally falls out of the system we may be able to see the wood for the trees.
And until that day they will be known as Schrödinger's Coins.

Post Reply
  • Information
  • Who is online

    Users browsing this forum: No registered users and 4 guests