Topic: BTC's intrinsic value in history (Read 229 times)
In many ways, it is necessary to make yourself uncomfortable because it is considered as a pony because the concept leads to its value - this is where another person will buy it for a higher price. Some drugs are banned in some countries, but others in some countries The Bible was banned. Religion, customs, doctrines, apostasy prohibit many purchases, which are determined by time. These policies are often made by selfish groups, an unknown person or group of people has created a financial system that has taken its position worldwide.
No, Bitcoin is definitely ponzi scheme. Ponzi scheme are subjected to more of centralized system and bitcoin is a completely decentralized system. I believe, a day will come when bitcoin will have more value than gold or silver.
Update adding your point:)
No, Bitcoin is definitely ponzi scheme. Ponzi scheme are subjected to more of centralized system and bitcoin is a completely decentralized system. I believe, a day will come when bitcoin will have more value than gold or silver.
such an informative post buddy. people who dose not support bitcoin might say what ever they want to say, what we have to do is let people know about how much positive this coin is, there won't be any fud that will effect people anymore.
Bitcoin is digital money. Bitcoin isn't cash yet additionally considered as another business center point, I feel that is the contrast amongst Bitcoin and other traditional money. we see that other money's cost isn't getting high points and low points as like Bitcoin due to those monetary forms controlled by an expert however Bitcoin is completely controlled by its holders. That is the reason I trust that Bitcoin is as like as the capital market It is not a Ponzi scheme as Ponzi scheme needs centralization here bitcoin is decentralized.
Good point
Because of digitalization world is changing nowadays so bitcoin is the best crypto currency in the market before silver or gold used for reservation or trading system but nowadays world changing so people who are smart enough they replace gold/silver with bitcoin because they shift their previous system because bitcoin is more profitable and easy to use directly you can buy or pay tax in few state but you can buy limitlessly in the world.
this value cango much higer still in some years
Bitcoin is digital money. Bitcoin isn't cash yet additionally considered as another business center point, I feel that is the contrast amongst Bitcoin and other traditional money. we see that other money's cost isn't getting high points and low points as like Bitcoin due to those monetary forms controlled by an expert however Bitcoin is completely controlled by its holders. That is the reason I trust that Bitcoin is as like as the capital market It is not a Ponzi scheme as Ponzi scheme needs centralization here bitcoin is decentralized.
updated opinion 3
You just placed your opinion but I couldn't be unanimous with you incase of your first opinion. Bitcoin is certainly not a ponzi schema and the way you said only fools do trade in bitcoin is really offensive.Besides I really don’t get how can a decentralized currency be said to be 'ponzi schema'. I will expect your explanation.
Dear, what you mentioned is not my opinion, I just cite it and post my opinion against it.
Bitcoin now is like a business, not really a crypto.
Bitcoin itself is as crypto as you want to have it. Everything around Bitcoin is business. In the same way the price with all its fluctuations doesn't reflect Bitcoin's utility and actual progress. All important differences.I don't understand why does bitcoin called pronzi? Some said it because its speculation increase its worth.
Ignorance is the main reason. People don't understand even the basics of Bitcoin and the market that's extremely new and thin. Volatility and extreme gains are side effects of a new and thin market, it's perfectly normal.Traditional assets don't experience these fluctuations and increases because of how developed their markets are, and how institutions rule them with iron fist. Bitcoin's market is still a market ruled by regular people mostly.
Eventually I can see it change with how institutions are slowly finding their way into this market, but it will be a process taking years with how slow governments always are with implementing the proper regulations.
I don't understand why does bitcoin called pronzi? Some said it because its speculation increase its worth. A pronzi should be more centralised. Whereas, in price fluctuation the investors plays a great role for bitcoin as it is decentralised. It is not controlled by any specific people.
Bitcoin now is like a business, not really a crypto.
A lot of the intrinsic value of bitcoin comes from the miners. They spend a ton of money on electricity bills and the rewards for mining are getting lower every few weeks.
Never in history a new technology has been so criticized and ridiculed by the media, celebrities, nobel prize winners, famous rich people (even rich developers), investors, etc as bitcoin has.
No, Bitcoin is no Ponzi Scheme and it has nothing to do with it. It's a currency and a payment system!
I think that even to discuss this topic is a way to give credit to those who spread misinformation about bitcoin.
If anyone wants to research about bitcoin, he will discover it's not a ponzi scheme in few minutes.
No, Bitcoin is no Ponzi Scheme and it has nothing to do with it. It's a currency and a payment system!
I think that even to discuss this topic is a way to give credit to those who spread misinformation about bitcoin.
If anyone wants to research about bitcoin, he will discover it's not a ponzi scheme in few minutes.
Opinion 1:
BTC is a Ponzi schema, the reason why I accept it is because I believe there will be bigger fools to purchase it from me.
Answer:
In that point of view, US Dollar could be viewed as a much larger Ponzi schema. The reason why you accept US Dollar is because you believe someone else(or maybe everyone else) would accept it.
BTC is a Ponzi schema, the reason why I accept it is because I believe there will be bigger fools to purchase it from me.
Answer:
In that point of view, US Dollar could be viewed as a much larger Ponzi schema. The reason why you accept US Dollar is because you believe someone else(or maybe everyone else) would accept it.
I don't believe that Bitcoin is a ponzi at all, but I don't think it's at all comparable to USD in this context. Bitcoin is said to be a ponzi because speculation drives its value up -- this is where the belief that some other person will buy it for a higher price comes in. That trait very loosely fits with the narrative that a ponzi is a scheme where older members benefit from the new members coming in. It's very different from a person accepting USD because it's legal tender, where there are no speculations involved.
Ponzi schema is hard to define, and whether there involves speculation is subjective.
Currency is a thing that the reason I accept it is because I believe others will accept it. And that's how Gold/Silver/Shells/Dollar work. I mean, the belief can also considered speculation, it's just different levels of confidence. For example, the theory "Bad money drives out good". US governments promised that $35 dollar can exchange to one ounce, so that allies and people are willing to accept it, and ended it in 1971. Let's assume another Ponzi program, if you invest gold in this Ponzi program, you get a paper certificate that you can exchange back to gold at a fixed rate, and you can also get paper certificate interest at 2% every year, and the certificate is published by the program. The only way that this program continues is that there are more members to invest gold to join this program. How is this program different from US Dollar? The federal reserve print a lot of certificate(USD) to people, and give them interests, and someday they announce that we do not exchange USD to gold, but you have no other choice, just use USD.
Now we have BTC, the digital Gold, though there may be deflation, but in history, deflation is a good thing most of time.
For the first time in history, an unknown person or group of people has created a financial system that has taken its place in the world and can compete for the primacy, as a world currency, that not one single currency has been managed so far.
Bitcoin will always be valuable in its existence), and even if one day there will be a strong fall or a complete collapse, it will remain forever in the history of the world), he made a coup and it is not even disputed))
Is this your article https://medium.com/@kongyang217/value-btc-from-a-historic-view-fb389b77deb8 ?
If yes then I have no problem
Anyway, I just have a concern about BTC being opensource. It means that anyone can create "another" BTC.
Yes it is, thank you:) If yes then I have no problem
Anyway, I just have a concern about BTC being opensource. It means that anyone can create "another" BTC.
Bitcoin goes beyond country, politics, religion, culture and law. In different countries with different national conditions, one might think that the government always puts its own interests first, and if it is wise, it can be seen as a double-edged sword. Some countries ban certain medicines, but others do not. The bible was banned in some countries. Religion, customs, doctrines, superstitions forbid a lot of purchases, which are set by the time. These policies are often made by selfish groups, and if everything happens in the "right" party, race or religion, items can be bought or banned. On their own.
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