Then you take that fiat money and invest in farms, bachelor pads, yatchs.. Fiat wins. Bitcoin fails.
Nope, farms, bachelor pads, yachts and the new Bitcoin fork win then. Not fiat. 
Topic: Bitcoin will fail - page 5. (Read 8132 times)
Not to mention the fed could buy up all bitcoins making all of us fiat rich and corrupted. undermining the supposed monetary revolution.
Lol, I sure hope they do.
Then we are all rich and all we need to do is change to a new Bitcoin fork.
-> they have sent us money and achieved nothing.
Then you take that fiat money and invest in farms, bachelor pads, yatchs.. Fiat wins. Bitcoin fails.
They only situation in which bitcoin might succeed is if the dollar fails. And it only succeeds because it is not debt based. Nor does that mean there will not be major hardships, poverty rampant to the point of society collapsing.
Not to mention the fed could buy up all bitcoins making all of us fiat rich and corrupted. undermining the supposed monetary revolution.
Lol, I sure hope they do.
Then we are all rich and all we need to do is change to a new Bitcoin fork.
-> they have sent us money and achieved nothing.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Bitcoin is here to replace fiat. Everything earth related is what bitcoin is for. Who wants to invest in a farm and eat some healthy organic veggies and meats, and have a place to 'get away' from urban hussle and bussle.
I see Bitcoin more as "the new PayPal" and then some rather than "the new Dollar."
Then why are us dollars not converted into internet dollars. The scarcity of bitcoin, has the ability to act as gold and store of value. So it is more than a payment system.
Exactly. More than a payment system, it's an internet currency. That is a problem why?
Because it is too expensive to send fiat into and out of bitcoin. Yet holding bitcoin is very risky if someone is required to hand over a very large stack of cash to get a hold and decent quantity of bitcoin. All it takes is the early miners to dump them bitcoins they are holding and bring the price to the floor. There is no economy supporting bitcoin. Its 99% speculative at the moment and there is very little visable effort to build a bitcoin economy.
Too risky for major money to move it. Not to mention the fed could buy up all bitcoins making all of us fiat rich and corrupted. undermining the supposed monetary revolution.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Bitcoin is here to replace fiat. Everything earth related is what bitcoin is for. Who wants to invest in a farm and eat some healthy organic veggies and meats, and have a place to 'get away' from urban hussle and bussle.
I see Bitcoin more as "the new PayPal" and then some rather than "the new Dollar."
Then why are us dollars not converted into internet dollars. The scarcity of bitcoin, has the ability to act as gold and store of value. So it is more than a payment system.
Exactly. More than a payment system, it's an internet currency. That is a problem why?
Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.
Remittance is the opposite of greed... Ding ding ding!
How does one earn a Bitcoin through labor to send home to family?
but this also does little if I try and send my buddy in china a bitcoin, he needs to then transfer it to an exchange, sell it, wait 3-5+days to recieve a check so he can go spend it. If he can not spend a bitcoin, remittance is a dud idea until a bitcoin based economy is already up and running.
Again fiat wins,, if bitcoin based projects are not the main focus right now.
Look around, you can buy all kinds of shit with Bitcoins. I bought an miniature crossbow for example.
My paintball store (temporarily closed while I get some legal stuff in order) accepts Bitcoin. Wordpress accepts it. Coingig accepts it. You can buy giftcards with it. The Bitcoin economy is small, but growing quickly, and already larger than you think.
Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.
Remittance is the opposite of greed... Ding ding ding!
How does one earn a Bitcoin through labor to send home to family?
but this also does little if I try and send my buddy in china a bitcoin, he needs to then transfer it to an exchange, sell it, wait 3-5+days to recieve a check so he can go spend it. If he can not spend a bitcoin, remittance is a dud idea until a bitcoin based economy is already up and running.
Again fiat wins,, if bitcoin based projects are not the main focus right now.
I do that now. I do not "cash out" ever. Instead when I want to take some profits I go shopping. After the hassle of getting bitcoins why would I trade them for less useful money? I find that some people want bitcoins badly enough to sell for a great price, thus maximizing my buying power and profitability.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Bitcoin is here to replace fiat. Everything earth related is what bitcoin is for. Who wants to invest in a farm and eat some healthy organic veggies and meats, and have a place to 'get away' from urban hussle and bussle.
I see Bitcoin more as "the new PayPal" and then some rather than "the new Dollar."
Then why are us dollars not converted into internet dollars. The scarcity of bitcoin, has the ability to act as gold and store of value. So it is more than a payment system.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Bitcoin is here to replace fiat. Everything earth related is what bitcoin is for. Who wants to invest in a farm and eat some healthy organic veggies and meats, and have a place to 'get away' from urban hussle and bussle.
I see Bitcoin more as "the new PayPal" and then some rather than "the new Dollar."
I do not care about divisibilty as that is akin to inflation.
Try to use your brain a little before writing silly things. If you decide to count your money in cents instead of dollars, does that make you one hundred times richer?
The decimal place can be moved as long as 51% of the mining(central banks) community agree. Inflation.
If the decimal place was moved one place, that might technically result in 1000% inflation, but everyone would have 1000% as many units of currency. Economic miscalculation would be prevented since the change would be so obvious.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Bitcoin is here to replace fiat. Everything earth related is what bitcoin is for. Who wants to invest in a farm and eat some healthy organic veggies and meats, and have a place to 'get away' from urban hussle and bussle.
But I thought Bitcoin was money for the Internet? Why do you wanna buy farms IRL? Do you mean Farmville? I'm completely lost.
Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.
Remittance is the opposite of greed... Ding ding ding!
How does one earn a Bitcoin through labor to send home to family?
but this also does little if I try and send my buddy in china a bitcoin, he needs to then transfer it to an exchange, sell it, wait 3-5+days to recieve a check so he can go spend it. If he can not spend a bitcoin, remittance is a dud idea until a bitcoin based economy is already up and running.
Again fiat wins,, if bitcoin based projects are not the main focus right now.
I see what your saying. But a few things. The speculation is a relatively recent phenomena in bitcoin. There were always speculators, however since the new year it has exploded. You hear less about people producing items, starting online stores, or engaging in a more tangible economy. They are there and will continue to come into the fold (In my opinion).
This experiment is just getting started. Lets not fuck it up! Lets get it right. Be greedy but also be generous.
This experiment is just getting started. Lets not fuck it up! Lets get it right. Be greedy but also be generous.
If I want to start a bitcoin based store, it requires me to purchase all tangibles in fiat. This only supports the dollar economy.
I see what your saying. But a few things. The speculation is a relatively recent phenomena in bitcoin. There were always speculators, however since the new year it has exploded. You hear less about people producing items, starting online stores, or engaging in a more tangible economy. They are there and will continue to come into the fold (In my opinion).
To my mind speculation is just another iteration of the bitcoin story. It shows that btc is expanding into new markets and mindsets. Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.
To my mind speculation is just another iteration of the bitcoin story. It shows that btc is expanding into new markets and mindsets. Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.
So you want someone to give you BTC currently priced at $128 for somewhere between 6-8$, doesn't sound like a great business opportunity to me but I might be missing something.
The business oppurtunity arrives in the form, because bitcoins were dispersed at near cost, over time the newer mined coins begin to carry a cost that will increase. Eventually it will be 10-15$/btc, eventually the cost to produce a bitcoin it will be 30-40$/btc so on and so forth. As long as bitcoin based projects are the focus.
Thanks for explaining but I will pass for now.
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Maybe you will reconsider after the price drops, if it drops. Unfortunately in this moment of "easy coins" with a premium market value. (heres your one chance of real investing leverage to create, real, tangible projects. Not imaginary wealth driven by artifical scarcity.
Even if bitcoin rises expontentially, do you really want to cash out for dollars? Again the fed and the dollar win if you chose this path, and eventually bitcoin crashes because there is no underlying economy.. It is much like a Fed propped up market. It works until it doesnt. Except this is fueled by irrational exuberence, 3.5 years after its inception and yet these projects are not being discussed. Rather the mentallity to hoard(save) is only going to be perpetrated.
I do agree with you (if I understand you correctly) that speculation is currently driving the bitcoin economy, and she is a bad driver. However if bitcoin requires us to use it in a certain way and requires our pampering, then it is not going to work.
What I have seen in the past two years is an endless stream haters and attackers. Despite their efforts bitcoin is stronger now than ever, and still growing stronger.
What I have seen in the past two years is an endless stream haters and attackers. Despite their efforts bitcoin is stronger now than ever, and still growing stronger.
Speculation has its good powers, but only if the central banks take advantage of that. You can really leverage an investment with bitcoins, as long as the wealthy miners(central banks) are issuing bitcoin at a steady rate, and bitcoin based projects begin to pop up, You give me the coins, i sell what I need to the speculators for fiat expenses, as my farm becomes productive, so does the intrinsic value of bitcoin.
I am not a hater. I think bitcoin if beautiful, but there must be some very open, honest, intelligent conversations regarding the deployment and creation of a bitcoin economy.
Again the early adopter(wealthy miners) must bite off more risk than later adopters, yet again the early adopters have exponetially more to gain by taking the risks, that will eventually not be such a leap for the masses.
So you want someone to give you BTC currently priced at $128 for somewhere between 6-8$, doesn't sound like a great business opportunity to me but I might be missing something.
The business oppurtunity arrives in the form, because bitcoins were dispersed at near cost, over time the newer mined coins begin to carry a cost that will increase. Eventually it will be 10-15$/btc, eventually the cost to produce a bitcoin it will be 30-40$/btc so on and so forth. As long as bitcoin based projects are the focus.
[/quote]
Thanks for explaining but I will pass for now.
I do agree with you (if I understand you correctly) that speculation is currently driving the bitcoin economy, and she is a bad driver. However if bitcoin requires us to use it in a certain way and requires our pampering, then it is not going to work.
What I have seen in the past two years is an endless stream haters and attackers. Despite their efforts bitcoin is stronger now than ever, and still growing stronger.
What I have seen in the past two years is an endless stream haters and attackers. Despite their efforts bitcoin is stronger now than ever, and still growing stronger.
So you want someone to give you BTC currently priced at $128 for somewhere between 6-8$, doesn't sound like a great business opportunity to me but I might be missing something.
[/quote]
The business oppurtunity arrives in the form, because bitcoins were dispersed at near cost, over time the newer mined coins begin to carry a cost that will increase. Eventually it will be 10-15$/btc, eventually the cost to produce a bitcoin it will be 30-40$/btc so on and so forth. As long as bitcoin based projects are the focus.
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