Bitcoin's problem is the low rate of new coins - page 2.

Jobe7

full member

Activity: 238

Merit: 100

Now they are thinking what to do with me

Quote from: myrkul on April 19, 2013, 02:30:41 PM

Life cycle of a Bitcoiner:
Hear about Bitcoin. Look into it, decide not to get in. Too risky.
Several months pass.
Hear about Bitcoin again, see how much the price has risen.
Buy a few coins, so as to not be left out.
Bitch about "early adopters" and how they "have all the coins."
"Early adopters" tell you to quit whining.
Post new thread about "fatal flaw" in Bitcoin.
Get told that "fatal flaw" is feature, not bug, get pointed to 9000 other threads where same "flaw" is discussed.
Tell friends about Bitcoin. They decide not to get in. Too risky.
Several months pass.
New users flood in, and start posting threads bitching about "early adopters" and how they "have all the coins."
Tell new users to quit whining about "early adopters".
Realize that you are now an "early adopter."

Excellently put.

ChanceCoats123

hero member

Activity: 682

Merit: 500

Quote from: wingding on April 19, 2013, 05:14:24 PM

Quote from: alexeft on April 19, 2013, 05:11:25 PM

It wouldn't matter then. Bitcoin would be as worthless as fiat! Lips sealed

No. If those new 3600 coin were sold at $1000, it would only accomodate $1.2 billion a year. That is not enough for bitcoin to get out of the sandbox.

$1000 is not the current price. If btc is t to succeed, the value must be much higher. How do you think that value will rise if everyone has 50,000btc as soon as they open the program? You must do something for your btc and early adopters have done their share.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

This thread...

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: luffy on April 19, 2013, 05:24:40 PM

don't stuck only to BTC. there are more coins out there and more to come, enough for every member of the galaxy.
enjoy this technological ride Grin

Indeed!!

Hey, I just made alexeft-coin! Want to buy some? Grin

Frequency

hero member

Activity: 540

Merit: 500

COINDER

Lots of hoarded coins will get in when they (hoarders) feel they get the right price .. Let say to buy stuff with coins or turn some in to fiat to spend on morgages and cars they never could afford, now is just not the time to buy everything u need with btc YET..

Longterm there will flow enough into the economie more then enough...!! Just no yet..! Wink

wingding

hero member

Activity: 770

Merit: 504

Quote from: luffy on April 19, 2013, 05:24:40 PM

don't stuck only to BTC. there are more coins out there and more to come, enough for every member of the galaxy.
enjoy this technological ride Grin

A good point Wink

luffy

hero member

Activity: 607

Merit: 500

don't stuck only to BTC. there are more coins out there and more to come, enough for every member of the galaxy.
enjoy this technological ride Grin

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: wingding on April 19, 2013, 05:14:24 PM

No. If those new 3600 coin were sold at $1000, it would only accomodate $1.2 billion a year. That is not enough for bitcoin to get out of the sandbox.

You have no idea what you're talking about. We're already a bigger economy than Nicaragua.

bb113

hero member

Activity: 728

Merit: 500

Quote from: wingding on April 19, 2013, 05:14:24 PM

Quote from: alexeft on April 19, 2013, 05:11:25 PM

It wouldn't matter then. Bitcoin would be as worthless as fiat! Lips sealed

No. If those new 3600 coin were sold at $1000, it would only accomodate $1.2 billion a year. That is not enough for bitcoin to get out of the sandbox.

So what are you suggesting? Dump all the bitcoins and adopt some "other" coin just because. No matter what there will be early adopters, those who scoff at it and then are angry later.

wingding

hero member

Activity: 770

Merit: 504

Quote from: alexeft on April 19, 2013, 05:11:25 PM

It wouldn't matter then. Bitcoin would be as worthless as fiat! Lips sealed

No. If those new 3600 coin were sold at $1000, it would only accomodate $1.2 billion a year. That is not enough for bitcoin to get out of the sandbox.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: myrkul on April 19, 2013, 05:08:27 PM

Quote from: wingding on April 19, 2013, 04:58:44 PM

Quote from: myrkul on April 19, 2013, 04:47:29 PM

3600 a day not fast enough for you?

No that is not fast enough.

What about 3600000?
Or maybe 3600000000?
How about 360000000000?

It wouldn't matter then. Bitcoin would be as worthless as fiat! Lips sealed

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: wingding on April 19, 2013, 04:58:44 PM

Quote from: myrkul on April 19, 2013, 04:47:29 PM

3600 a day not fast enough for you?

No that is not fast enough.

What about 3600000?
Or maybe 3600000000?
How about 360000000000?

wingding

hero member

Activity: 770

Merit: 504

This is what is needed:

wingding

hero member

Activity: 770

Merit: 504

Quote from: myrkul on April 19, 2013, 04:47:29 PM

Quote from: wingding on April 19, 2013, 04:25:23 PM

I do not intend to 'bitch' about early adapters and stuff like that. I have no problems with people making lots of money, especially not those who made bitcoin possible. I think more about the possibility for bitcoin to actually get massive adaptation. I believe the 'real' succesful coin will be one that has a fast growth during a few years while the world is accommodating it.

3600 a day not fast enough for you?

No that is not fast enough.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: wingding on April 19, 2013, 04:25:23 PM

I do not intend to 'bitch' about early adapters and stuff like that. I have no problems with people making lots of money, especially not those who made bitcoin possible. I think more about the possibility for bitcoin to actually get massive adaptation. I believe the 'real' succesful coin will be one that has a fast growth during a few years while the world is accommodating it.

3600 a day not fast enough for you?

wingding

hero member

Activity: 770

Merit: 504

I do not intend to 'bitch' about early adapters and stuff like that. I have no problems with people making lots of money, especially not those who made bitcoin possible. I think more about the possibility for bitcoin to actually get massive adaptation. I believe the 'real' succesful coin will be one that has a fast growth during a few years while the world is accommodating it.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: tooniz on April 19, 2013, 03:53:47 PM

Quote from: cbeast on April 19, 2013, 03:23:40 PM

The Bitcoin community of active miners is larger than the staff of Google, yet their stock is valued over $600. That hardly seems fair that we have to pay so much for something issued by so few people.

Are you kidding, are you so blind that you don't see how much value Google provides? Everyday, I pay nothing to do ~20 searches a day, get best email service in the world, get best calendar in the world, and get a couple minutes of entertainment from YouTube.

Maybe I should correct myself, I am sure even blind people get a lot of value out of google.

For what price??

Nothing is free my friend, google uses your personal details. I think they possess the most valuable lump of information and you can be sure that they get money for it. Think for a second, would you run these services if it wouldn't worth it financially? ;-) the devil is in the details.

tooniz

newbie

Activity: 13

Merit: 0

Quote from: cbeast on April 19, 2013, 03:23:40 PM

The Bitcoin community of active miners is larger than the staff of Google, yet their stock is valued over $600. That hardly seems fair that we have to pay so much for something issued by so few people.

Are you kidding, are you so blind that you don't see how much value Google provides? Everyday, I pay nothing to do ~20 searches a day, get best email service in the world, get best calendar in the world, and get a couple minutes of entertainment from YouTube.

Maybe I should correct myself, I am sure even blind people get a lot of value out of google.

Severian

sr. member

Activity: 476

Merit: 250

Quote from: wingding on April 19, 2013, 01:52:47 PM

In other words, a small number of people is in charge of the money supply.

It sounds like you'd better get mining.

ZephramC

sr. member

Activity: 475

Merit: 255

Quote from: RodeoX on April 19, 2013, 01:56:39 PM

Even if one bitcoin per day were produced it would be enough. We would simply be using amounts like BTC0.000024. It is not a dollar bill.

With the current transaction fees or with lower fees? :-]

Btw. : Lifecycle of the bitcoiner - This should be archived for future ~~generations~~ newbies. :-]

Topic: Bitcoin's problem is the low rate of new coins - page 2. (Read 4285 times)