Today someone wanted to buy bitcoin for cash to me. He wanted bitcoin because he find on a korean site where he wanted something that the price were much cheaper in bitcoin due to 3% less fees and much better change rate. He didn't know about bitcoin before.
For him fiat that he cannot spend is worthless.
Topic: Bitcoin is Worthless (Read 2821 times)
The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless.
I have found in the past that I had no problem spending fiat on crap that I didn't really want or even need. That is how the government wants it to be so they can make us into zombie consumers that feed them with taxes. Now with Bitcoin I really have to want it to even begin to think about spending, and about half of the time I still do not spend. Bitcoin has changed my whole attitude about saving and investing money.
how dare you come to this forum and make such negative statements?
shoot, shush you evil underworld troll
shoot, shush you evil underworld troll
I concur. get to fuckery with you foul daemon
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Bitcoin is Worthless
I disagree. I earned good money, so Bitcoin is not worthless.
just a case of being provocative for provocation's fault
The fact that it is extremely difficult to counterfeit makes it pretty valuable.
That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency.
However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it.
http://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold
Just not cost effective yet
underworld troll?
pay the toll
pay the toll
What's with all these types of posts?:
Seems like some twisted logic to me.
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Why would anyone want something that increases in value over time?
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
Seems like some twisted logic to me.
i agree, i dont get it either.
your post is worthless
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Why would anyone want something that increases in value over time?
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
Uh, real estate?
I'm sure the quoted person bought all of their real estate in 2007 thus satisfying their brutally illogical wishes.
It is impossible/infeasible to counterfeit Bitcoin using today's technology.
My point was: Even if it's possible to do it today - it's possible to detect it and fix it.
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However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it.
You can never be sure, especially if its about money.Yes you can.
It is impossible/infeasible to counterfeit Bitcoin using today's technology.
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Why would anyone want something that increases in value over time?
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
What possible use could this have? I prefer to acquire things that slowly become worthless because then I don't feel bad about getting rid of it.
I would never work harder to get something that will increase in value than I would to get something that decreases in value.
Uh, real estate?
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However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it.
You can never be sure, especially if its about money.
That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency.
However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it.
That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency.
However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. It's also more expensive to verify if a gold bar is real and pure.
The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless.
This might be true from a theoretical standpoint, but as bitcoin has proven, it is not the case in reality... Even if I knew for a fact my bitcoins will be worth more next week, I would still probably rather pay with them because it's more convenient.That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency.
The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless.
This might be true from a theoretical standpoint, but as bitcoin has proven, it is not the case in reality... Even if I knew for a fact my bitcoins will be worth more next week, I would still probably rather pay with them because it's more convenient.That was true with gold but bitcoin isnt shiny so people want to hold it. People simply like its ease of use. Thats why it has potential to replace known currency.
The idea is that if it only ever increased in value, no one wants to part with it, thus it ends up becoming worthless.
That just means it is really undervalued right now in the opinion of those who would not part with it. Either that or the stuff people are offering for it isn't as valuable as they think.
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