About the phone calls from random people asking you to invest, I had the same issue and that's not even related to crypto there are some other groups of people calling people and telling them about forex and trading and ask them to invest in their company so they will trade and return some profits, there is even the same story for stocks market and there are some people doing such thing, so it's not happening only in crypto and that's not something new. Being fair not being fair to mine cryptocurrencies depends on what you mine and how you mine and many other factors, that totally depends on your own situation, for some people that's profitable and for some other people that's not due tome many other factors.
Topic: There is something wrong with cryptocurrencies? - page 2. (Read 361 times)
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
1. Such a thing won't happen, what you imagine right now is chaos and if anyone wants to exchange for a real money, then bitcoin will lose value.I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
2. Why is it unfair? Is it fair when the governments print tons of money and you have to pay that debt from your own pocket?
3. Right now, bitcoin isn't universal and the whole world doesn't use bitcoin. Fiat is a major and the most acceptable form of payment, that's the reason.
4. If someone called you on your phone number to invest money in cryptocurrencies, it has nothing to do with the bitcoin or the crypto world but those guys who called you are just scammers who work for scam companies and call you from different countries. They ask you to deposit money on their exchange and they'll do all the trading staff and bring you the constant high profit.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
why do you think cryptocurrency is a pyramid concept...I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
you will never be able to understand what the real purpose of the creation of cryptocurrency is because from your statement it is clear that you are still doubtful about the existence of cryptocurrency. Currently, cryptocurrencies have not been mass-adopted and we are still dependent on fiat to buy daily necessities, that's the reason why there are still many who exchange their crypto assets with fiat money in their respective countries.
What would happen if everybody wants to exchange for a real money?
Does everybody mean all people? I think that will not be a problem 
Quote
I consider it not fair to mine cryptocurrencies?
It is still fair to mine cryptocurrencies because not all miners want to sell their mined coins, especially if they are still not profitable. They will still hold the coin until the price reaching the highest price they want.Quote
If it is so good why there is a need for exchange rate to the real money?
Do you think people do not want to make a profit? They use the exchange to make money from the gap price. They will buy when the price is at a low price and will sell when the price is at a high price. That will still be like that.Quote
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency?
Do you share your numbers with people you do not know? From where do they know your numbers? Quote
Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
No, I do not think it will finish soon because I think crypto still has a long journey and maybe we will not see what happens to crypto in the future because we are all dead. 
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
while you consider this yet this is not enough to happen because crypto miner knows that value of crypto and they will not just sell their coins infront of Fiat trust me they knew better than that.I consider it not fair to mine cryptocurrencies?
Quote
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
you blocked 30 phone numbers? how come that there are so many message? are you sharing your kyc here and there? because i have been in crypto for years but there are limited chance that number randomly messaging me. Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
What would happen if everybody wants to exchange for a real money?
real money?
you can buy things using bitcoin, so bitcoin = money.
if you are referring to real money as Fiat, then rest assured that it is impossible for everyone to exchange bitcoin for fiat at the same time, this is because this market is very large and bitcoin has value, there are places where they accept bitcoin as a means of payment so people don't need to exchange bitcoin if they want to buy something (of course this option is in some countries not all), people are profiting from bitcoin, they won't let those profits so easily
I'm not really sure if that's the case though. Everyone might just decide to liquidate their bitcoin positions as part of their rewards for mining but I don't think that's gonna happen because majority of the people and firms mining Bitcoin at the moment are long term believers of crypto and Bitcoin and so far, they have only sold BTC when they needed to.
What would happen if everybody wants to exchange for a real money?
This is a serious imaginary instance but will it ever be possible for everyone to exchange their coin at the same time for fiat. Crypto is not like the general centralized investment or currency where the authority holders decides what happens to an asset here in crypto even in the dip more investors emerge to buy the dipQuote
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Miners stand as a bridge for transaction verification and execution with complete anonymous identify of the both the sender and receiver ensuring the block sent into the node isn't modifiable and it's transparent for all to see. Mining isn't even an easy task as it requires sophisticated computer, constant electricity and a proper knowledge on how to solve the computational arithmetic sequences. I think it's really fair to mine because it's not an easy task If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
What would happen if everybody wants to exchange for a real money?
real money?
you can buy things using bitcoin, so bitcoin = money.
if you are referring to real money as Fiat, then rest assured that it is impossible for everyone to exchange bitcoin for fiat at the same time, this is because this market is very large and bitcoin has value, there are places where they accept bitcoin as a means of payment so people don't need to exchange bitcoin if they want to buy something (of course this option is in some countries not all), people are profiting from bitcoin, they won't let those profits so easily
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
These people who wanted to contact you for serious investment discussion was associated with fraudulent activities using cryptocurrency as an alibi for their shady business. Mostly their pyramiding schemes was intensely convincing people around the world, ended worst if someone would entertain then just because of huge investment roi but unfortunately was a scam. Exchanging for real money is our nature when it comes to cryptocurrency, but controlling one selves is very important to avoid regrets when another rise happens. I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
Why it's not fair to mine cryptos? Mining isn't just all about generating or minting new cryptos but it's also a way to validate transactions, to confirm transactions and that makes the network secure so every single fee that's paid to them is deserved.I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Take the example of gold. Why is has to be exchanged too?Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Be careful where you sign up your phone number. Data collection is everywhere and they'll be keeping it for them to take advantage of those that they'll find as a victim. Why would you entertain a stranger that asks you about an investment over the phone? What would happen if everybody wants to exchange for a real money?
apart from that, the initial goal when investing was indeed to get money both in fiat and real terms (in the end it came back here). as for if they want it, I don't think there will be a big problem because they don't want it at the same time.and of course when transacting there must be a seller and a buyer and automatically there will be, even though the price will decrease but only to a small extent, not in a serious direction, I think because it must be gradual, but it will be a different story when everyone wants it at the same time .
If it is so good why there is a need for exchange rate to the real money?
in the end everything will return to personal matters in the real world, even though technology and civilization have advanced, but not all of them can feel the same way, because even if fiat and crypto or others already exist, not necessarily facilities in one area can all-encompassing exists, there are definitely a lot that still don't exist for now and real money is a solution that will remain as digital money continues to evolve. 
If you are not comfortable with calls that often come offering you just ignore it, you don't need to bother and think about it while you don't want to and are not interested, it's good if you have blocked it. They have been around since crypto became public. This has become part of the sweet and sour playing investment. I think it's not only bitcoin that makes a lot of unclear calls, even banks, other investments or even large marketplaces are on their behalf in order to cheat. So all back to your caution.
Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
AFAIK, yes.At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.
You get something by "work", its how PoW supposed to be, it doesn't implicitly nothing.If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
I'll let others to explain that to you since I didn't have much comprehensive technical knowledge. But I want to share a few resource incase you find any information about mining in general:
https://learnmeabitcoin.com/beginners/mining
https://learnmeabitcoin.com/technical/mining
https://en.bitcoin.it/wiki/Proof_of_work
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
fiat can be considered a pyramid scheme as well with the market crashes as the cash outs.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
With crypto there is nothing wrong but there are desperate people in this space who would want to take advantage of your naivety,
The reason why some people exchange for real money is because crypto is not yet accepted in many countries legally, you still need raw cash to make payment in many places, better you take out time and study a bit about it, it will help you understand more.
where did you post your number that anyone calls you to invest in crypto? if you once answered a call and you sounded like you are a pushover, they will call you every time they find out something will make you buy.
What would happen if everybody wants to exchange for a real money?
If it is so good why there is a need for exchange rate to the real money?
If it is so good why there is a need for exchange rate to the real money?
if EVERYBODY did it for once maybe the price will drop filling up all the buy orders of lowballers. they should be lucky. the exchange rate is for us to determine the value of the coin. if there will be no rate, it's good as if there is no value.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
1) Coin dumps easy as that. I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
2) Why? Mining doesn't even destroy the system, it's the one that actually helps it imo.
3) Explaining it in simple terms, it's like trying to describe the value of something into what we're used to. E.g, describing the value of a piece of clothing to dollars, food to dollars, etc., it's simply a method to make it easier to determine it's value in a way where majority can actually understand what it means.
4) Just block them then. It's not a problem with crypto, it's just scammers being scammers really.
Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.
If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
EZ.At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.
If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
but making profit out of it... that wasnt easy.
there is a lot of consequences just like any other business but even much more riskier here.
discrete logarithm? you sounds like a geek man. come on.
as time goes by technology get advanced faster than our blinking eyes.. so do with crypto & bitcoin itself, isnt it?
as time goes by... a problem solved causing another one outdated and vulnerably broken.. is that scenario you talking about? a famous quantum computing.. etc ?
Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.
If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?
And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.
If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...
And those mining centers, do they simply do the brute force calculations? How successfull they are?
I read over here there are also dedicated ASIC chips, what funcionality do they offer?
What would happen if everybody wants to exchange for a real money?
Nothing? If everybody wants to get their money and by money I think you mean the "USD", they will get their money. Bitfinex guarantees it.
I consider it not fair to mine cryptocurrencies?
Why do you consider it unfair?
If it is so good why there is a need for exchange rate to the real money?
There is no such need. You can spend your crypto without going back to FIAT.
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
These kind of people have been around since the beginning of crypto. Don't listen to them, problem solved.
Crypto is fine.
Jump to: