Bitcoin is causing reset effects on a global scale

armodilloben

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Activity: 95

Merit: 10

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

I am fine with that. Selfcleansing effects always took place, also in the corporate landscape. And they are important because they bring dynamisn

Interized

sr. member

Activity: 280

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Coolness: ∞

Quote from: reg on January 03, 2014, 08:24:20 AM

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

It does seem a natural tendency to to think in absolutes. however I prefer the "not all your eggs in one basket" option. I think of bitcoin as a "valuable number". Therefore its value will vary from time to time. die, is an emotive and absolute word. The case where that will come to pass is when there are 1) no humans 2) no computers, electricity to operate them and no connection between at least two peers. Other currency systems are inherently unstable and will fail-to be replaced by other inherently unstable systems-ad-finitum Why? because any social group needs to barter to survive by some means. I am pleased I have lived to see the introduction of at least one method (crypto-currencies) of returning autonomy from being siezed by force or argued by fallicy (sophistry) from groups and individuals and returned to its rightfull place (in my opinion) to the individual themselves alone. I have a few BTC and know their value is directed by myself alone and no other. This is the first time in human history anyone has been able to say that with some confidence and it is quite satisfying. reg.

By not using Bitcoin, you place your eggs all in one basket.

But using Bitcoin you scatter eggs across the globe.

Either Bitcoin lives or crushes other currency, in which people are placing eggs in one basket.

Using Bitcoin with other currency in the now, is only damaging Bitcoin's FUTURE self.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

Any central money by government has died even in Rome when the first evil ruler figured out he could steal some silver/gold from the coin then the next one took some more then more until it was debased so much they had to force laws to take the worthless junk. Well that is what the US dollar is now junk it's just people dont' see it the day they do it will crash and bitcoin if it becomes main stream will open the eyes of people which is when the evil rullers realize this will do something not sure what but will try.

reg

sr. member

Activity: 463

Merit: 250

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

It does seem a natural tendency to to think in absolutes. however I prefer the "not all your eggs in one basket" option. I think of bitcoin as a "valuable number". Therefore its value will vary from time to time. die, is an emotive and absolute word. The case where that will come to pass is when there are 1) no humans 2) no computers, electricity to operate them and no connection between at least two peers. Other currency systems are inherently unstable and will fail-to be replaced by other inherently unstable systems-ad-finitum Why? because any social group needs to barter to survive by some means. I am pleased I have lived to see the introduction of at least one method (crypto-currencies) of returning autonomy from being siezed by force or argued by fallicy (sophistry) from groups and individuals and returned to its rightfull place (in my opinion) to the individual themselves alone. I have a few BTC and know their value is directed by myself alone and no other. This is the first time in human history anyone has been able to say that with some confidence and it is quite satisfying. reg.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

Someone should put this thread in a bin. Every day someone posts things like "bitcoin is dead, doomed, it will fail" with no explanation.
And it gets far worse during the downtrend.

nastybit

newbie

Activity: 42

Merit: 0

Quote from: ineedit on January 03, 2014, 07:42:00 AM

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

Never going to happen, people will always use other stores of value as a currency system, virtual currencies will only ever share the space.

Yes Sir, your gold, silver, barrel of oil, is now priced in Bitcoin, you can only use Bitcoin. Not a chance!

^^^ THIS ^^^
Also why do you think people want to use only 1 store of value?
Ideally you should use different ones to reduce the risks..

ineedit

sr. member

Activity: 252

Merit: 250

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

Never going to happen, people will always use other stores of value as a currency system, virtual currencies will only ever share the space.

Yes Sir, your gold, silver, barrel of oil, is now priced in Bitcoin, you can only use Bitcoin. Not a chance!

Bitcoinpro

legendary

Activity: 1344

Merit: 1000

Quote from: Interized on January 03, 2014, 02:40:55 AM

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

it seems to be working well in the current system

it will have reset type effects though soon

people/business that can pick us using bitcoins/cryptos to buy and

sell goods first will get the benefits of the price growth

arcke

newbie

Activity: 46

Merit: 0

Yes, playing monopoly with paper money has and will always be useless.

Interized

sr. member

Activity: 280

Merit: 250

Coolness: ∞

Eventually Bitcoin must die or crush any other currency system.

Using any other methods to store and trade value will become useless.

Topic: Bitcoin is causing reset effects on a global scale (Read 1173 times)