bitcoin is good for daytrading, but not to hold large amounts for long time. Hold during rise, but be prepared for long and painful bearmarkets.
If you are a net-citizen living in information age and using the net every day used to process information fast and on top of tech, why hold an inflating coin? Bitcoin is for the masses, yes. But they'll take another 10 years to arrive. In the meantime one can store money in a coin that doesn't inflate as heavily is what i think and do.
Topic: Bitcoin inflation: 8% since last bubble - page 2. (Read 3040 times)
The story is there on Unobtanium's 365-day chart: it's stable; it's established.
And this arena has recently resounded with concerns about too many coins coming into play: Uno is flat-out rare.
Its community is the most coherent and disciplined that I have ever experienced.
Mark, Australia
And this arena has recently resounded with concerns about too many coins coming into play: Uno is flat-out rare.
Its community is the most coherent and disciplined that I have ever experienced.
Mark, Australia
What the hell does this mean? "...wasn't designed for the net." That's the most ambiguous statement I've heard in a long time. Is this a race to the inflation bottom? How about less inflation? No inflation? Negative inflation? Uno has less inflation, congrats. It also has a market cap in the hundreds of thousands and is accepted by whom? You fail to realize that Bitcoin is the clear winner. Whether the network affects will overtake the temporal bitcoin inflation in the short term is a discussion to be had, but the logical leap fantasy of Uno as the answer is amusing.
ok, forget the uno part for a second.
When will it be that the adoption overtakes the inflation? I mean paypal is integrating it. What more adoption could you ask for? If it keeps declining for more months i would really start having doubts.
when i say 'wasn't designed for the net' the argument is that information (about crypto) spreads fast, but the inflation was not designed for that. The inflationrate was designed for an adoption over decades. But the net is quicker than that. Sure, maybe in 10 years my grandma finally also can use bitcoin but by then a lot of people will have lost interest or switched to lower inflation alt.
We can't wait for the very last one without risking a fail of the whole operation if you ask me. We'll see how bitcoin does until halving in 2 years. I won't be touching it if it drops below 100$ or at least not accumulating. You can daytrade that. It's not good for saving money into or holding longterm.
Aand back on ignore.
...failed UNO promotion...
Is bitcoin's inflation news to anyone? There will be max 21 000 000 bitcoins.
sure. But number of coins is not as interesting as the inflation. Doesn't matter if 93 billion doge, 250k uno or 21mil bitcoin. What matters is the inflationrate. And that is where bitcoin fails.
Don't take shit so personal. I am not trying to talk you out or into anything. I am just making the point that bitcoin halving schedule wasn't designed for the net.
Be prepared for complete failure in case btc dumps back below 200$ or even 100$
I mean, hello?! paypal. And it dumps more on those news?
Higher inflation than fiat. You can't sell that as digital gold, honestly.
What the hell does this mean? "...wasn't designed for the net." That's the most ambiguous statement I've heard in a long time. Is this a race to the inflation bottom? How about less inflation? No inflation? Negative inflation? Uno has less inflation, congrats. It also has a market cap in the hundreds of thousands and is accepted by whom? You fail to realize that Bitcoin is the clear winner. Whether the network affects will overtake the temporal bitcoin inflation in the short term is a discussion to be had, but the logical leap fantasy of Uno as the answer is amusing.
Bitcoin is in the distribution phase. It is not a primary form of currency yet. It is not supposed to be yet. That comes later. Right now people are accumulating and speculating. Mainstream currency use is a long way off.
Additionally, bitcoin is ALSO a more used form of currency than uno.
Asking again and for the final time. What makes your pumpcoin technically better than bitcoin?
right. 10% inflation till 2016 and 5% till 2020. Wow, that's a long time to hold that bitcoin until it actually does what it should: protect against inflation.
So i guess, people who have adopted bitcoin already should unadopt it again until 2016 at least?
Of course widely used bitcoin, but so is doge, you know.
'pumpcoin' lol ... is bitcoin too.
Technically better is its ability to hold value.
Don't get me wrong. I love bitcoin too. But i hate that inflation, really.
I also don't even have to defend this or that coin or talk down this or that coin. I was starting a topic about inflation and if the halving schedule of btc was fit for the net.
Since i had the answer ready (yes, high inflation btc, no doubt) and the solution at hand (fair low inflation coin) i thought i could aswell ad it to the discussion.
@cardsgame: lol. It is 'unobtanium' - cryptographic dreammaterial ... well, just the branding.
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
So the difference is the distribution rate, and more orphaned blocks. Not impressed.@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
blocks don't orphan. That is unheard of in uno. The main difference is the low inflation, yes. You can store wealth in it without having it inflated away.
Additionally, bitcoin is ALSO a more used form of currency than uno.
Asking again and for the final time. What makes your pumpcoin technically better than bitcoin?
@cardsgame: lol. It is 'unobtanium' - cryptographic dreammaterial ... well, just the branding.
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
So the difference is the distribution rate, and more orphaned blocks. Not impressed.@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
blocks don't orphan. That is unheard of in uno. The main difference is the low inflation, yes. You can store wealth in it without having it inflated away.
gifs have also not the slightest argumentativ value
@cardsgame: lol. It is 'unobtanium' - cryptographic dreammaterial ... well, just the branding.
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
So the difference is the distribution rate, and more orphaned blocks. Not impressed.@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
Waiting for the part where you explain how, precisely, any of this is better than bitcoin.
gifs have also not the slightest argumentativ value
what we come down to is: bitcoin is with this inflation not a good store for wealth.
what we come down to is: bitcoin is with this inflation not a good store for wealth.
@cardsgame: lol. It is 'unobtanium' - cryptographic dreammaterial ... well, just the branding.
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
what more to say?
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
what more to say?
@cardsgame: lol. It is 'unobtanium' - cryptographic dreammaterial ... well, just the branding.
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
@specs:
first 2000 blocks 0.001 coins to come up
2000 - 102000 blocks: 1 coin
halving then every 100k blocks until hitting final reward of 0.0001 uno per block + transactionfees
blocktime 3 minutes (faster of course)
chain: smaller, solid
max coins: 250k
sha256
no premine or other bullshit. Community-managed. fair coin. No ripoff bullshit. Take a look for yourself. It's fit to be a currency.
main feature: minimal inflation, store of wealth, fair
what more to say?
The UNO stuff is silly. I think altcoins mostly confuse the masses about what cryptocurrency really is.
Endless number of alts...infinite inflation
The UNO stuff is silly. I think altcoins mostly confuse the masses about what cryptocurrency really is.
I think the reality is that tigerdirect, newegg, paypal, etc actually aren't good news. I'm starting to look at them as more marketing gimmicks
If you trace the coins, it goes like this:
1) Miner has coins, goes on newegg and buys some computer part.
2) Newegg flips around and has to now sell those BTC immediately for USD on an exchange which just puts more sell pressure on BTC
Now imagine paypal with its transactions volume and you'll see that its putting even more downward pressure on BTC.
What we really need are entities that pay others in BTC. Like paying employees, etc. That would actually help the BTC cause.
If you trace the coins, it goes like this:
1) Miner has coins, goes on newegg and buys some computer part.
2) Newegg flips around and has to now sell those BTC immediately for USD on an exchange which just puts more sell pressure on BTC
Now imagine paypal with its transactions volume and you'll see that its putting even more downward pressure on BTC.
What we really need are entities that pay others in BTC. Like paying employees, etc. That would actually help the BTC cause.
Yes, you shouldn't be able to actually use digital currency to buy something. NOW I GET IT! UNO is a lot better!
We have another troll gentlemen.
I'm giving you one chance to reverse that judgement. Post the technical specifics of your pumpcoin and why that makes it better than bitcoin. Go.
I'm giving you one chance to reverse that judgement. Post the technical specifics of your pumpcoin and why that makes it better than bitcoin. Go.
Thanks, but No thank you. Not in playing mood..
I think the reality is that tigerdirect, newegg, paypal, etc actually aren't good news. I'm starting to look at them as more marketing gimmicks
If you trace the coins, it goes like this:
1) Miner has coins, goes on newegg and buys some computer part.
2) Newegg flips around and has to now sell those BTC immediately for USD on an exchange which just puts more sell pressure on BTC
Now imagine paypal with its transactions volume and you'll see that its putting even more downward pressure on BTC.
What we really need are entities that pay others in BTC. Like paying employees, etc. That would actually help the BTC cause.
If you trace the coins, it goes like this:
1) Miner has coins, goes on newegg and buys some computer part.
2) Newegg flips around and has to now sell those BTC immediately for USD on an exchange which just puts more sell pressure on BTC
Now imagine paypal with its transactions volume and you'll see that its putting even more downward pressure on BTC.
What we really need are entities that pay others in BTC. Like paying employees, etc. That would actually help the BTC cause.
...failed UNO promotion...
Is bitcoin's inflation news to anyone? There will be max 21 000 000 bitcoins.
sure. But number of coins is not as interesting as the inflation. Doesn't matter if 93 billion doge, 250k uno or 21mil bitcoin. What matters is the inflationrate. And that is where bitcoin fails.
Don't take shit so personal. I am not trying to talk you out or into anything. I am just making the point that bitcoin halving schedule wasn't designed for the net.
Be prepared for complete failure in case btc dumps back below 200$ or even 100$
I mean, hello?! paypal. And it dumps more on those news?
Higher inflation than fiat. You can't sell that as digital gold, honestly.
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