BTC must grow and stay alive! | Bitcointalksearch.org

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: serenitys on May 21, 2014, 06:29:34 PM

Quote from: findftp on May 21, 2014, 04:28:59 PM

Quote from: Mr Tea on May 21, 2014, 02:36:44 PM

Quote from: waldox on May 21, 2014, 02:18:10 PM

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.

Dude, USGov already have few 100k of them
They *say* they will sell, but they never will, at least not the coming decades.

Don't listen to them, look at their actions.
China probably stole the goxcoins to become leveled.

Agreed +1

The country who is first with bitcoin to go all in will become the world's first true super power after the board is reset.

Try to imagine for a moment what would happen to the value of bitcoin if world governments got in on the game to use bitcoin even as a reserve...

The moon would be a pitstop

The first country that accepts bitcoin as their currency would actually be giving up power.

Smaller countries would benefit from using bitcoin as it's primary currency as BTC could be more stable then the country's own currency. This is similar to how some countries use the US dollar as their "currency"

littlewizard

sr. member

Activity: 294

Merit: 250

I think BTC will grow over time. 5 years, 10 years later, it will worth much more than current value.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: neighborrr on May 22, 2014, 07:09:15 AM

Why do you think that all altcoins depend on the bitcoin? I suppose many of them are totally independent

Most of them rely on bitcoin to be purchased. And if bitcoin fails, what hope do other coins have?

neighborrr

newbie

Activity: 39

Merit: 0

Why do you think that all altcoins depend on the bitcoin? I suppose many of them are totally independent

likesbtc

newbie

Activity: 10

Merit: 0

bitcoin will more likely increase by several folds to stay alive.

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Alt coins are great laboratories for innovation. It is much easier to experiment with lower market cap coins to see what works and what doesn't.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote

Bitcoin introduces new coins by people mining.

Oh my god! You mean our using bitcoin is dependent upon mining for... PEOPLE?!?!?

Soylent Green is made from people!

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

Quote from: findftp on May 21, 2014, 04:28:59 PM

Quote from: Mr Tea on May 21, 2014, 02:36:44 PM

Quote from: waldox on May 21, 2014, 02:18:10 PM

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.

Dude, USGov already have few 100k of them
They *say* they will sell, but they never will, at least not the coming decades.

Don't listen to them, look at their actions.
China probably stole the goxcoins to become leveled.

Agreed +1

The country who is first with bitcoin to go all in will become the world's first true super power after the board is reset.

Try to imagine for a moment what would happen to the value of bitcoin if world governments got in on the game to use bitcoin even as a reserve...

The moon would be a pitstop

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: rhino34567 on May 21, 2014, 04:43:17 PM

I feel like the OP thinks altcoins are taking away from Bitcoin, but really, I just see it as another asset that you can easily obtain through BTC. I see BTC as a currency, alts as assets. But that's just me.

Exactly my feeling as well.
Some (most) crypto's do not even have a FIAT pair to trade.

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote

how is this different from issuing stock?

do you criticize shareholders because they had all the initial stock?

no, they built the company and they made the shares valuable.

Meanwhile in Bitcoin, I get a piece of the value simply by running some hashing machine? Now that makes no sense.

I think it makes lots of sense, in the same way you have to dig for gold. If there is no mining complexity, the first users could simply buy large shares of the market at a low price.

bluemeanie1

sr. member

Activity: 280

Merit: 257

bluemeanie

Quote from: bitsmichel on May 21, 2014, 04:35:41 PM

What's this about, give yourself 100% of the coins and decide what to spend them on?

how is this different from issuing stock?

do you criticize shareholders because they had all the initial stock?

no, they built the company and they made the shares valuable.

Meanwhile in Bitcoin, I get a piece of the value simply by running some hashing machine? Now that makes no sense.

-bm

rhino34567

sr. member

Activity: 288

Merit: 250

I feel like the OP thinks altcoins are taking away from Bitcoin, but really, I just see it as another asset that you can easily obtain through BTC. I see BTC as a currency, alts as assets. But that's just me.

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote

All altcoins depend on the bitcoin.

except NXT.

NXT marketcap is very small still, the whole altcoin market cap size is less than 11%.
From the NXT site :

Quote

Bitcoin introduces new coins by people mining. This involves a series of computers around the world working to solve math problems, if successful the system release a predetermined amount of Bitcoins and move onto the next block. This system is called proof of work.

This is a very expensive venture with many "mining rigs" costing thousands of dollars and consuming a huge amount of electricity. As more people mine, it becomes harder to earn coins and run the Bitcoin network. You could spend a lot of money on dedicated mining machines and ultimately not earn enough to pay for the equipment let alone the cost of the electricity to run it.

With NXT on the other hand, all coins that will ever exist already exist.

What's this about, give yourself 100% of the coins and decide what to spend them on?

commandrix

hero member

Activity: 798

Merit: 1000

When BTC gets the attention of the financial sector, I'm happy. There are people who say it won't last, but then, I bet they said the same thing the first time some cave man picked up a pretty yellow rock and brought it home to show his friends. "Dude. You can't eat it," that sort of thing, right? The main thing is that BTC needs to STAY ADAPTABLE.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: Mr Tea on May 21, 2014, 02:36:44 PM

Quote from: waldox on May 21, 2014, 02:18:10 PM

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.

Dude, USGov already have few 100k of them
They *say* they will sell, but they never will, at least not the coming decades.

Don't listen to them, look at their actions.
China probably stole the goxcoins to become leveled.

Nathonas

sr. member

Activity: 280

Merit: 250

Knowledge is Power

In other news, people were also encouraged to breathe air and consume organic matter to maintain their bodily functions.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: 111magic on May 21, 2014, 01:45:48 PM

So play a little with the altcoins and keep the BITCOIN alive!!

bitcoin wont die. so relax. if the price tanks, people will buy in cheap. its self propelling and wont stop. just learn to not sell at a loss and if it tanks temporarily, use that opportunity to buy more. NEVER sell at a loss or you, not the world, but only you will be the loser.

bluemeanie1

sr. member

Activity: 280

Merit: 257

bluemeanie

Quote from: 111magic on May 21, 2014, 01:45:48 PM

All altcoins depend on the bitcoin.

except NXT.

-bm

Mr Tea

sr. member

Activity: 270

Merit: 250

Quote from: waldox on May 21, 2014, 02:18:10 PM

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.

waldox

sr. member

Activity: 252

Merit: 250

bitcoin is the next world reserve currency right beside gold

Topic: BTC must grow and stay alive! (Read 1372 times)