Topic: The single most important thing behind any cryptocurrency is... (Read 1470 times)

ok i agree there are a lot of naive people related to the whole system , but that's not a problem , economically i see them as children i can't help this , and i do not do it in an arrogant way - but let me tell you Cryptocurrency has more important factor than "Drugs" or "pizza" although of course as they related to humans are really very important -

people in England use to speculate on the price to a degree of a stick of wood - look up what a Tally stick is.  it was a currency, people speculate on the price of shiny malleable metal called gold.

are you starting to understand?

how often do you pay for drugs with gold
pizza? tally stick pay pass?


have you actually considered that you exist in an informational hologram? no?

well forget about that then , and focus on this:

Things have value due to in part the confidence in the market , as it relates to that information environment - so to simplify that if confidence is low against the market in which say, Gold competes , and Gold keeps that same amount of "confidence" it always had, you might say that the "market" will shift towards Gold.

Golds confidence did not increase - but the confidence in the competing market went down, you see?

that's simple right?

now confidence and "Things" kind of have a relationship - because "Things" are what humans recognize , and thus if human can get "things" with X , human has more confidence that "X" is "Valuable".

that's all being =

what if confidence drastically drops in the competitive market against "X" .

so "X" gets you "things" and "Y" gets you "things" = confidence starts to slip from Y , where will the market move to ? in this equation?

that's homework.

You look at it from the wrong direction. To be able to buy drugs (or anything) with a currency, it has to be worth something first.

Also, why is this in the altcoin section if you're bashing bitcoin/every coin? Economics seems more appropriate.

LOL


WHAT A HUGE SELECTION

bitcoin will never be a part of everyday society because there is no need for it to be. The govt is too corrupt to let something like that ever rival the USD. They've started wars to keep the dollar value up, you don't think they cant crack down on the key services that make bitcoin go?

If it was truly decentralized they couldn't, but that is just a buzz word touted by BITHEADS worldwide who don't know shit about shit

This guy is some kind of idiot:

https://bitspend.net/

I guess he missed the part where you can literally buy anything with bitcoins. 

Go back to 1960's and ask the average joe on the street what a pc/computer is.

Go back to 1980's and ask what the "internet" is.

Go back to 2013 and ask what bitcoin is.

Single most important thing would be usefulness in real world economy. If I can buy a bread and two pints of milk with XXX (replace XXX with your favorite coin) then it's useful. If not, then it's not quite so useful... (at this moment) 

how about the real world? Where bitcoin is nothing more than a buzz word right now. Nobody is actually spending any substantial amounts, they are just speculating on the price.

The ones who are actually SPENDING coins, is the silent majority I referred to in the OP.

to reference a quote a lot of hipsters probably adore on this website

{sigh}

where do they come from ?

Ok you guys keep living in a fantasy land

take away the drug marketplaces and bitcoin (or any coin for that matter) isn't anything more special than a Free-to-play MMO currency

+1

only as it relates to confidence.

Single most important thing is SECURITY.

OP is either wildly confused , (see aa comment above) , or purposely trying to associate Cryptocurrency with Drugs (unlikely) or has just today discovered the basic principals of economics.

this in many ways saddens me a little bit , because while he's thinking its all a "Drug conspiracy" maybe its the Drugs he should be taking to make him see its not.

who knows these things?

what i do know however is , that you do not know what your talking about and while your opinion is interesting , its also easy to disprove , which will ultimately cause you embarrassment.

but with that will come a learning , so onward we march.   

https://forum.litecoin.net/index.php?topic=4698.0

o rly?

The single most important thing behind any cryptocurrency is... whether Fontas decides to pump you or not.

if it is truly a free and decentralized market as you guys say, why does ONE website have such a HUGE influence on it?

no devs is

you guys are so delusional it's funny

ask 10 people on the street what a bitcoin is

You'll be lucky to find 1 who can even pronounce it

you aren't anything but a way for people to get drugs

accept that and act accordingly

of course satoshi didnt intend for this to happen, but neither did the guy who invented the little roses they sell in vials at gas stations

Centralized currencies are robbing the public blind through the means of fractional banking and reserve lending. You seriously need to get your head out of your ass and understand how deflationary currencies like bitcoin will return prosperity back to the people.

http://t.co/2GPq0fxBEv

Sad but true.

At the time Satoshi simply wanted to buy Adderall anonymously.

Number one currency in money laundering & buying illegal products in the world is the US Dollar.

Did you sit in your living room with your big Mac watching CNN and honestly buy into that bullshit propaganda?
Do us a favor; unless you're going to pick up a book on economic theory (i recommend anything by Frederick Bisait  and Mieses)
go ahead and take your willfully ignorant ass back to the couch while we change the world by providing sound money and returning prosperity back to the public.