If not a "store of value" or "medium of exchange" ... - page 2.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Wind_FURY on October 04, 2019, 01:35:14 AM

Quote from: hv_ on October 03, 2019, 05:31:11 AM

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto?

if you had done your research you'd know that craig wright has handwritten, coffee stained originals of the whitepaper. rusty staples and all. this irrefutable evidence will be coming out in court! Tongue

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: hv_ on October 03, 2019, 05:31:11 AM

Quote from: Wind_FURY on October 03, 2019, 04:22:21 AM

Quote from: hv_ on October 03, 2019, 03:58:21 AM

Nope

The only kick for activation came from the 2x promise / NYA.

Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof

Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

Learning is mostly a hard way. All is proof of work. Bitcoin does teach u this in a very nice and strict way.

Everybody needs to do own reseach as much as possible also to find out that Bitcoin is a perfect tool to store the truth and enables trust and honesty in the internet where this was missing before.

This is also the reason why there is a need to put permanently work into keeping the protocol clean , stable and on purpose. Put all efforts and work for onchain scaling cause this is the only true place for the ultimative truth.

All ur little changers of that do not want this and have other agendas off truth by wanting off chain crap which is not Bitcoin but the old crap we had before. It is normal that closed minds work such retarded, fall back into their old home they knew and scam others by stealing the name of Bitcoin.

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto? That on-chain scaling, without scaling the network in, is technically doable?

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: suzanne5223 on October 03, 2019, 03:41:08 PM

Quote from: Alert31 on October 03, 2019, 12:11:54 PM

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.

The part of profit earning was not the reason why bitcoin was created for bitcoin is a sign of democracy and it was the currency which serve as the right alternative to give every individual liberation from economic slow down which the government was unable to fix.

I think so, the core of bitcoin creation is decentralized currency right? of course Satoshi definitely wants to make a currency where one can freely spend without pressure and restrictions from the government. Freedom is the essence of the creation of bitcoin. while profit is an unplanned goal I think, who knows the price of bitcoin will explode and become this high and profitable for many people?

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: thirdprize on October 03, 2019, 11:00:00 AM

Isn’t POW going to kill the planet with its waste of electricity?

I'll bite. How much energy do you think the gold mining industry consumes? Some estimates say Bitcoin constitutes just a small fraction of the costs entailed by gold mining: Bitcoin Uses a Lot of Energy, But Gold Mining Uses More

If only people didn't need money -- then we wouldn't need Bitcoin or gold. Wink

suzanne5223

hero member

Activity: 2786

Merit: 657

Want top-notch marketing for your project, Hire me

Quote from: Alert31 on October 03, 2019, 12:11:54 PM

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.

The part of profit earning was not the reason why bitcoin was created for bitcoin is a sign of democracy and it was the currency which serve as the right alternative to give every individual liberation from economic slow down which the government was unable to fix.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: thirdprize on October 03, 2019, 11:00:00 AM

Isn’t POW going to kill the planet with its waste of electricity?

Lol. Nope. It will save the world from stupid gold / PM mining that is really killing the planet.

And printing paper money

And running many central it depts

And many more true onchain scaling bitcoin can do for safe IT tasks.

Even get chips run more efficient is a good outcome of PoW and open compatition

Alert31

member

Activity: 1041

Merit: 25

Trident Protocol | Simple «buy-hold-earn» system!

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.

bouren

sr. member

Activity: 392

Merit: 250

Quote from: thirdprize on September 25, 2019, 04:16:18 AM

then what is bitcoin? A solution in search of a problem?

currently it is being used as both a store of value and a medium of exchange. People use it as an investment for reaping higher profits which means it is a store of value while some other tech freaks have been using it as a medium of exchange for payments online through coinpayments and bitpay which means it is both. but yes it was made to be used as a medium of exchange only.

minersday

hero member

Activity: 1484

Merit: 535

from the information provided by Bitcoin's whitepaper, bitcoin was meant to be an alternative version of physical fiat that has no central organization or authority controlling the amount people can send and receive. But for some reasons, it is now seen as a store of value rather than a medium of exchange. To some people, it is a medium of exchange and others, an asset to invest in.

mersal

member

Activity: 1204

Merit: 38

Quote from: thirdprize on October 03, 2019, 11:00:00 AM

Isn’t POW going to kill the planet with its waste of electricity?

Electricity used by all the miners might be less than the electricity wasted to air condition all the banks in the world.Already lot more harmful things were done by humans against nature so don't consider miner as serious disaster to this world.

thirdprize

sr. member

Activity: 485

Merit: 274

Isn’t POW going to kill the planet with its waste of electricity?

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: Wind_FURY on October 03, 2019, 04:22:21 AM

Quote from: hv_ on October 03, 2019, 03:58:21 AM

Nope

The only kick for activation came from the 2x promise / NYA.

Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof

Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

Learning is mostly a hard way. All is proof of work. Bitcoin does teach u this in a very nice and strict way.

Everybody needs to do own reseach as much as possible also to find out that Bitcoin is a perfect tool to store the truth and enables trust and honesty in the internet where this was missing before.

This is also the reason why there is a need to put permanently work into keeping the protocol clean , stable and on purpose. Put all efforts and work for onchain scaling cause this is the only true place for the ultimative truth.

All ur little changers of that do not want this and have other agendas off truth by wanting off chain crap which is not Bitcoin but the old crap we had before. It is normal that closed minds work such retarded, fall back into their old home they knew and scam others by stealing the name of Bitcoin.

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: hv_ on October 03, 2019, 03:58:21 AM

Nope

The only kick for activation came from the 2x promise / NYA.

Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof

Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: Wind_FURY on October 03, 2019, 03:13:17 AM

Quote from: hv_ on October 02, 2019, 07:54:52 AM

Quote from: Wind_FURY on October 02, 2019, 03:25:09 AM

Quote from: hv_ on October 01, 2019, 12:50:49 AM

Quote from: Wind_FURY on October 01, 2019, 12:26:07 AM

Quote from: franky1 on September 28, 2019, 04:46:33 AM

Quote from: Wind_FURY on September 28, 2019, 03:30:05 AM

You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires

Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

Quote from: franky1 on September 29, 2019, 07:56:42 AM

Quote from: Wind_FURY on September 29, 2019, 05:15:03 AM

Quote from: franky1 on September 29, 2019, 03:10:57 AM

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how... go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices

Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.

Quote from: hv_ on September 29, 2019, 09:07:52 AM

There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.

The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling

You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM

You say "no proof", but you cannot disprove the movement. Segwit activation through the initiative of the UASF is proof enough.

Quote

Mislead newbees to finance ur dumb btc ponzi.

Cannot be taken seriously, especially from a person who misleads everyone, and say that "Craig Wright is Satoshi". You have lost.

Quote

Sane ppl know all that or find it out in a day of due dilligence

Nope

The only kick for activation came from the 2x promise / NYA.

Wanting to ignore this makes u full retard ponzi scammer.

This is proof

Leonardo7

member

Activity: 686

Merit: 15

Bitcoin is a medium of exchange, a store of value, a currency that gives back power to the people by ensuring individual control of their money. Unlike we currently with the fraudulent operation of traditional bank.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: hv_ on October 02, 2019, 07:54:52 AM

Quote from: Wind_FURY on October 02, 2019, 03:25:09 AM

Quote from: hv_ on October 01, 2019, 12:50:49 AM

Quote from: Wind_FURY on October 01, 2019, 12:26:07 AM

Quote from: franky1 on September 28, 2019, 04:46:33 AM

Quote from: Wind_FURY on September 28, 2019, 03:30:05 AM

You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires

Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

Quote from: franky1 on September 29, 2019, 07:56:42 AM

Quote from: Wind_FURY on September 29, 2019, 05:15:03 AM

Quote from: franky1 on September 29, 2019, 03:10:57 AM

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how... go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices

Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.

Quote from: hv_ on September 29, 2019, 09:07:52 AM

There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.

The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling

You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM

You say "no proof", but you cannot disprove the movement. Segwit activation through the initiative of the UASF is proof enough.

Quote

Mislead newbees to finance ur dumb btc ponzi.

Cannot be taken seriously, especially from a person who misleads everyone, and say that "Craig Wright is Satoshi". You have lost.

Quote

Sane ppl know all that or find it out in a day of due dilligence

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: Wind_FURY on October 02, 2019, 03:25:09 AM

Quote from: hv_ on October 01, 2019, 12:50:49 AM

Quote from: Wind_FURY on October 01, 2019, 12:26:07 AM

Quote from: franky1 on September 28, 2019, 04:46:33 AM

Quote from: Wind_FURY on September 28, 2019, 03:30:05 AM

You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires

Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

Quote from: franky1 on September 29, 2019, 07:56:42 AM

Quote from: Wind_FURY on September 29, 2019, 05:15:03 AM

Quote from: franky1 on September 29, 2019, 03:10:57 AM

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how... go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices

Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.

Quote from: hv_ on September 29, 2019, 09:07:52 AM

There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.

The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling

You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM

Mislead newbees to finance ur dumb btc ponzi.

Sane ppl know all that or find it out in a day of due dilligence

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: hv_ on October 01, 2019, 12:50:49 AM

Quote from: Wind_FURY on October 01, 2019, 12:26:07 AM

Quote from: franky1 on September 28, 2019, 04:46:33 AM

Quote from: Wind_FURY on September 28, 2019, 03:30:05 AM

You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires

Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

Quote from: franky1 on September 29, 2019, 07:56:42 AM

Quote from: Wind_FURY on September 29, 2019, 05:15:03 AM

Quote from: franky1 on September 29, 2019, 03:10:57 AM

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how... go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices

Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.

Quote from: hv_ on September 29, 2019, 09:07:52 AM

There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.

The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling

You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

Eric Cartman

hero member

Activity: 741

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Bitcoin is a protocol, nothing more, nothing less. It has made to mimic gold in some features, but it is a thing on itself now.

You can use it as you please, so it can work as store of value, medium of exchange and many other things

Mulann2

member

Activity: 686

Merit: 35

I would say more of store of value at least for now because that's the main aim why many buy btc, people buy btc not to be use as medium of exchange because of it's volatility but to store it for a much higher price before selling,
And as for problem solving that is not very applicable to many who buy btc.

Topic: If not a "store of value" or "medium of exchange" ... - page 2. (Read 815 times)