Hey! Let me pick up a rock and let's buy it from each other... - page 3.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Pointless comparison in my opinion. Can we use rocks as payment methods in certain sites? Can we use rocks to complete financial transactions anonymously without any sort of government interference?

If you think you've got BTC all figured out, you are delusional op. I advise doing some research before blurting out wild, nonsensical statements here and there.

Quote from: funsponge on August 06, 2021, 01:59:10 PM

Bitcoin has the a Blockchain which is different to the current fiat currencies which do not have a public ledger which means Bitcoin is more transparent than other currencies.

Exactly. He forgot about the unique and creative technology powering Bitcoin which many world governments openly appreciated over time.

funsponge

hero member

Activity: 776

Merit: 557

What are you trying to prove by comparing Bitcoin to a rock? There are obvious differences between your made up rock and Bitcoin. Bitcoin has the a Blockchain which is different to the current fiat currencies which do not have a public ledger which means Bitcoin is more transparent than other currencies. What does your rock offer that is better than fiat?

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Quote

Wait, there's difference between bitcoin and Bitcoin?

All lower-case 'bitcoin' is a bastardization used by far too many newbies who think that all crypto coins are called "Bitcoin". Rather like calling all facial tissue 'Kleenex' or all soda pop 'Coke' (both all too commonly heard in the US). Of course that is WRONG because those words/names are very specific variations of things. Capitalized "Bitcoin" is the 1 specific coin represented by BTC and BTC.

I consider the naming confusion just a consequence of being the 1st or most popular coin (or facial tissue or soft drink).

Kittygalore

member

Activity: 868

Merit: 63

Quote from: DdmrDdmr on August 06, 2021, 01:40:25 PM

Trust is the centre core of Rai, just as bitcoin, but bitcoin also has Bitcoin, which is the network that gives support to bitcoin, providing a basis for a whole array of development and business that run on top of it. Bitcoin (capital B) give bitcoin (lowercap b) a whole more, and makes it far better that Rai …

See: https://flockeo.com/en/yap-the-island-where-people-pay-in-stone-money/

Wait, there's difference between bitcoin and Bitcoin? I thought that it was all for formality and sake of being grammatically correct? Also, this old stuff in regards to putting value is old school, that's the basis to almost anything, gold doesn't have a value, we just love shiny things so how is it different to bitcoin? Are you bitter OP that you never bought bitcoin at a low price that's why you are saying this?

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

That’s more or less what they did in the Yap islands, where stone disks known as Rai are used as a currency, where the value came not only from the size of the stone, but from the age and dangers related to the mining procedure in nearby islands, and transport (no fungibility there).

Back in the days of University, I recall reading that the richest man on the island was one who claimed to have a massive stone as such, but that it sank during transport. Regardless, people believed him, and trusted his word, making him one of the richer men of the island at the time.

Trust is the centre core of Rai, just as bitcoin, but bitcoin also has Bitcoin, which is the network that gives support to bitcoin, providing a basis for a whole array of development and business that run on top of it. Bitcoin (capital B) give bitcoin (lowercap b) a whole more, and makes it far better that Rai …

See: https://flockeo.com/en/yap-the-island-where-people-pay-in-stone-money/

15days

newbie

Activity: 28

Merit: 3

Isn't that basically what bitcoin is?

We can hardly buy anything with it. We just give it value for the sake of giving it value.

Matter of fact, let's do just that for the heck of it, see how far we can go with it. I'll pick up a rock and call it Akorn and put it up for $10. I'll buy it back for $10 and let's see how much it'd be worth by the end of the year.

Topic: Hey! Let me pick up a rock and let's buy it from each other... - page 3. (Read 382 times)