When will it catch on? | Bitcointalksearch.org

o0‡0o

full member

Activity: 227

Merit: 103

Have faith.

Quote from: pawel7777 on October 27, 2014, 10:47:44 AM

Quote from: o0‡0o on October 27, 2014, 09:33:54 AM

If you are paying for a new product several thousand percent above what it cost to make it, you get ripped off, no if's no buts.

How do you estimate 'production cost' for intangible/digital assets?

Also, all the shitcoins seem to be in decline. The total market cap of the bottom 100 won't buy you a half of Corolla.

You know how much it cost to generate a bitcoin if you get the equipment and make some.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: pawel7777 on October 27, 2014, 10:47:44 AM

How do you estimate 'production cost' for intangible/digital assets?

Bitcoin is not a "product", this logic does not apply. Product, from production. Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Bitcoins are not "produced", they are discovered through mathematics. Bitcoins also cannot be owned, only controlled. Bitcoins are just information, little bits of math. That's why brain wallets are possible. You can't "memorize" a product and sell that memory, now can you? You can with bitcoin, because it's just releasing control of a bit of information.

Just as an aside, this is why it's insane to try and regulate bitcoin the way any other form of money has been regulated. Once you truly comprehend everything I've just explained, you may begin to understand why day-to-day fiat exchange price does not matter at all.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: o0‡0o on October 27, 2014, 09:33:54 AM

If you are paying for a new product several thousand percent above what it cost to make it, you get ripped off, no if's no buts.

How do you estimate 'production cost' for intangible/digital assets?

Also, all the shitcoins seem to be in decline. The total market cap of the bottom 100 won't buy you a half of Corolla.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

When the world is ready to let go of the abusive father we call the state.

Or after the next major global financial crisis, whichever comes first.

Aemon

sr. member

Activity: 308

Merit: 250

Isn't that a huge part of the business model? Create tons of crap and then sell it for way over cost to make money.

Not, Create small amounts of pieces of crap, and sell way above.

I am pretty sure the first way they will make way more money!

o0‡0o

full member

Activity: 227

Merit: 103

Have faith.

If you are paying for a new product several thousand percent above what it cost to make it, you get ripped off, no if's no buts.

Miracal

sr. member

Activity: 350

Merit: 250

Why does Toyota do marketing in bitcointalk altcoin section? Will the forum users who are interested at altcoin buy the car Toyota made? I get comfused.

o0‡0o

full member

Activity: 227

Merit: 103

Have faith.

In the Altcoin world people enthusiastically pay thousands of percent above manufacturing cost for altcoins. If a pencil manufacturer making only one million of a particular pencil and then sell it at 10000% of cost would anyone buy it? Why not after all its "rare" and limited. If demand at first is sluggish marketing to the right people in bitcointalk altcoin section will drive demand skyhigh, this would be considered bargain of the year with only 10000% mark-up.
In the crypto world there are a lot of charlatans and will sell hot air to noobs still green behind the ear.
When will established business get wind of this new way of making tons of money?

Topic: When will it catch on? (Read 1138 times)