So gold can facilitate electron flow, if that counts as intrinsic value then something that can facilitate trade flow counts too, unless electrons are somehow more valuable than trade.
no, not necessarily. do you know what intrinsic means? 
Topic: Why Bitcoin Fails as Currency of the Future - page 3. (Read 4642 times)
Bitcoin doesn't have intrinsic value, but then, neither does USD (or gold, for that matter)
gold is a good semiconductor, it does have intrinsic value.barter is inefficient because it requires double coincidence of wants. in your post I didn't see anything about the future and why bitcoins aren't a match. link the two better.
So gold can facilitate electron flow, if that counts as intrinsic value then something that can facilitate trade flow counts too, unless electrons are somehow more valuable than trade.
Bitcoin doesn't have intrinsic value, but then, neither does USD (or gold, for that matter)
gold is a good semiconductor, it does have intrinsic value.barter is inefficient because it requires double coincidence of wants. in your post I didn't see anything about the future and why bitcoins aren't a match. link the two better.
Posts count don't set the character, it's just there to filter out trolls, so please don't use as a argument.
The main post is a bit hard to read, you may might need to break it up a little better (dyslexia whoo hooo).
That out of the way I have to say that it's very hard to figure out the value of things, as some people might even value flying into towers as a greater value than their wife, kids and friends. What is the value of a currency? It's all about how many people use it, and that's all we can really say, and then in the future we can tell what really happened.
Even if there is something wrong with Bitcoin it does not matter, there is something wrong with religions and statisme, and they are super big. There are some really skilled people on Youtube that produce amazing content, and they have few viewers, and there are these who get 100000 subscribers underservingly.
Value is a unknown variable, only testing can take samples of it, and only marketing can alter it.
The main post is a bit hard to read, you may might need to break it up a little better (dyslexia whoo hooo).
That out of the way I have to say that it's very hard to figure out the value of things, as some people might even value flying into towers as a greater value than their wife, kids and friends. What is the value of a currency? It's all about how many people use it, and that's all we can really say, and then in the future we can tell what really happened.
Even if there is something wrong with Bitcoin it does not matter, there is something wrong with religions and statisme, and they are super big. There are some really skilled people on Youtube that produce amazing content, and they have few viewers, and there are these who get 100000 subscribers underservingly.
Value is a unknown variable, only testing can take samples of it, and only marketing can alter it.
Consider this scenario. Let's say you have a guy who likes to work on cars. He wants to run a mechanic shop. Let's also say that there's a global currency, x. Who are the customers that are going to be able to have their cars repaired? The ones with greater amounts of x and x only. But, if there's no global currency, then the mechanic is going to have to be much more thoughtful in what he could accept as payment that would be of value to him. It seems like this may help eliminate the huge gap between the very rich and very poor over time. I agree with you that figuring out the value of something is relative. And that's why I think that any global currency will fail under the weight of its own problems. If you place value on the process of exchange, then it places value on the relationship between exchangers. I just think it might promote social harmony. Global currencies create classes of social rank, and with it, greed.
i only read your conclusion, and it sound fair enough. it doesnt mean the end or fail of bitcoin, and your title is misleading. where you have barter exchange there is no third party currency involved
theres nothing to stop people trading between themselves without bitcoin, for everything else there'smastercard. (bitcoin)
maybe in the future when the world is f'd up and there is no international trade and at that point there is no internet.
till then people are going to need some way to receive the equivalent value of a pack of goats from the middle east who make kebabs.
Quote
I think the only way for a successful economic future is to place absolute value on the process of exchange, leaving relative value to be decided between exchanging parties.
theres nothing to stop people trading between themselves without bitcoin, for everything else there's
maybe in the future when the world is f'd up and there is no international trade and at that point there is no internet.
till then people are going to need some way to receive the equivalent value of a pack of goats from the middle east who make kebabs.
Haha agreed. Maybe you can give him 5 bitcoins for one of his goats.
Haha is rational questioning a threat to your investment? I'm not responsible for saving you.
The only investment I have in Bitcoin is about $25 worth of electricity. I already had all the hardware in place for gaming. I have under 4 BTC to my name. How much have you mined or bought? What's your Mhash? Or does your knowledge come merely from reading news articles, blogs and forums?
Here is why it won't fail.
Accountability and Authority
"By George... I Think He's Got IT !" but he doesn't does he ? Accountability and Authority
Bitcoin not will fall soon. More and more website, goods and services start to use a bitcoin. This will keep the live of the currency. If people can use it then it have a live else you have a nothing. If you not have a options to use the bitcoin you have a one big nothing.
The only value that ANYTHING has, currency or not, is what people are willing to trade for it.
Right now BTC has a value that floats between $15-$20 (USD.) So I'd say that Bitcoin, at least for the short term, has more value than the US dollar. For the long term? Only time will tell.
(Read Rich Dad Poor Dad, this is explained pretty well, and it's an amazing book.
)
For now, there are repeaters for Amazon, and Newegg, and there are a couiple of "ebay"-like auctioning sites, and if you want to make some dough, setup a mirror for an existing site that doesn't accept BTC, or build a clone. There are BTC classified-ads sites with tons of programmers looking for work (assuming you're not a programmer.) So, there's no excuse.
Right now BTC has a value that floats between $15-$20 (USD.) So I'd say that Bitcoin, at least for the short term, has more value than the US dollar. For the long term? Only time will tell.
(Read Rich Dad Poor Dad, this is explained pretty well, and it's an amazing book.
)For now, there are repeaters for Amazon, and Newegg, and there are a couiple of "ebay"-like auctioning sites, and if you want to make some dough, setup a mirror for an existing site that doesn't accept BTC, or build a clone. There are BTC classified-ads sites with tons of programmers looking for work (assuming you're not a programmer.) So, there's no excuse.
Bitcoin doesn't have intrinsic value, but then, neither does USD (or gold, for that matter). Hasn't been much of a problem historically...
i only read your conclusion, and it sound fair enough. it doesnt mean the end or fail of bitcoin, and your title is misleading. where you have barter exchange there is no third party currency involved
theres nothing to stop people trading between themselves without bitcoin, for everything else there'smastercard. (bitcoin)
maybe in the future when the world is f'd up and there is no international trade and at that point there is no internet.
till then people are going to need some way to receive the equivalent value of a pack of goats from the middle east who make kebabs.
Quote
I think the only way for a successful economic future is to place absolute value on the process of exchange, leaving relative value to be decided between exchanging parties.
theres nothing to stop people trading between themselves without bitcoin, for everything else there's
maybe in the future when the world is f'd up and there is no international trade and at that point there is no internet.
till then people are going to need some way to receive the equivalent value of a pack of goats from the middle east who make kebabs.
I don't know what's there to debate / argue about. If you believe in the future of BTC, then by all means join in and get some. If you don't believe in the future of BTC, then no one is pointing a gun to your head to accept it.
I think all of us here are matured people with an able and sound minds to make up our own decision about BTC. If we want to go into mining BTC or even exchange the current USD / GBP / EUR for BTC; then who's to stop them? No one can tell the future. And if in the near future, BTC were to crash and burn, everyone involved get burnt with however much he / she has put in; then so be it. That's the risk for willing to try new things. On the other hand, if BTC takes off in the future, then all of us ( or some of us) will benefit from it. And That's the reward for willing to try new things.
I really don't see the need to debate / argue about it now. The future is what it is ... have fun, learn things, try new things. Frankly, I'm in it fully aware of the potential of losing everything I have put in ... but even if BTC goes to nothing; I have enjoyed the ride and I wouldn't have any regrets.
I think all of us here are matured people with an able and sound minds to make up our own decision about BTC. If we want to go into mining BTC or even exchange the current USD / GBP / EUR for BTC; then who's to stop them? No one can tell the future. And if in the near future, BTC were to crash and burn, everyone involved get burnt with however much he / she has put in; then so be it. That's the risk for willing to try new things. On the other hand, if BTC takes off in the future, then all of us ( or some of us) will benefit from it. And That's the reward for willing to try new things.
I really don't see the need to debate / argue about it now. The future is what it is ... have fun, learn things, try new things. Frankly, I'm in it fully aware of the potential of losing everything I have put in ... but even if BTC goes to nothing; I have enjoyed the ride and I wouldn't have any regrets.
He's posing a good question, sure it happens a lot but your "blah blah blah" post and your post count shows an immaturity much more so then the original poster.
I never said I was an expert, or mature. I don't really care what your opinion is of me and my 30-odd posts. If you want to call me immature because of my post, that's your right.
My blah blah blah was a direct response to his post count and what his topic is. I don't believe he came here to learn about bitcoin, he just wanted to warn/scare/trash/preach (take your pick). Having said that, I don't care who comes here and posts, provided it's relevent to the forum/subforum. His topic is relevant, and so is mine. If he stays and becomes a part of the community, then I'll eat my words.
Haha is rational questioning a threat to your investment? I'm not responsible for saving you.
The only investment I have in Bitcoin is about $25 worth of electricity. I already had all the hardware in place for gaming. I have under 4 BTC to my name. How much have you mined or bought? What's your Mhash? Or does your knowledge come merely from reading news articles, blogs and forums?
Posts count don't set the character, it's just there to filter out trolls, so please don't use as a argument.
The main post is a bit hard to read, you may might need to break it up a little better (dyslexia whoo hooo).
That out of the way I have to say that it's very hard to figure out the value of things, as some people might even value flying into towers as a greater value than their wife, kids and friends. What is the value of a currency? It's all about how many people use it, and that's all we can really say, and then in the future we can tell what really happened.
Even if there is something wrong with Bitcoin it does not matter, there is something wrong with religions and statisme, and they are super big. There are some really skilled people on Youtube that produce amazing content, and they have few viewers, and there are these who get 100000 subscribers underservingly.
Value is a unknown variable, only testing can take samples of it, and only marketing can alter it.
The main post is a bit hard to read, you may might need to break it up a little better (dyslexia whoo hooo).
That out of the way I have to say that it's very hard to figure out the value of things, as some people might even value flying into towers as a greater value than their wife, kids and friends. What is the value of a currency? It's all about how many people use it, and that's all we can really say, and then in the future we can tell what really happened.
Even if there is something wrong with Bitcoin it does not matter, there is something wrong with religions and statisme, and they are super big. There are some really skilled people on Youtube that produce amazing content, and they have few viewers, and there are these who get 100000 subscribers underservingly.
Value is a unknown variable, only testing can take samples of it, and only marketing can alter it.
He's posing a good question, sure it happens a lot but your "blah blah blah" post and your post count shows an immaturity much more so then the original poster.
So, actually, most people don't really care what money is... They don't even ask them selfes about source of value of gold and other commodities... It's just because their neighbours use "normal" money and feel happy about this, and moreover, always need some more.
If their neighbours and friends will trust in bitcoins or something else like that they may use it as well... Even if several "trusted" people (like goddamed Ste-eve Jo-obs) will say that they trust (again) they will be as popular as iphones... No questions beyond, it's all about popularity, nothing else. It's not a religious thing, but, let's say philosophical. Money is always about trust and nothing else... Nothing. Bitcoins are good enough to atract attention of smart people and then smart prople may pursuade others to use it... And it's already begun.
If their neighbours and friends will trust in bitcoins or something else like that they may use it as well... Even if several "trusted" people (like goddamed Ste-eve Jo-obs) will say that they trust (again) they will be as popular as iphones... No questions beyond, it's all about popularity, nothing else. It's not a religious thing, but, let's say philosophical. Money is always about trust and nothing else... Nothing. Bitcoins are good enough to atract attention of smart people and then smart prople may pursuade others to use it... And it's already begun.
Haha be careful not to establish an absolute value on the product of that guy's cognition. Or mine. Value the process.
Haha is rational questioning a threat to your investment? I'm not responsible for saving you.
Blah Blah Blah and 32 posts is > 5 posts how?
I'm not predicting the end of bitcoin. I am not proclaiming to be an expert in anything.
Every couple of days someone like you comes along and tries to save us from Bitcoin.
This one is my favorite. Notice the number of posts he has...
http://forum.bitcoin.org/index.php?topic=21880.0;topicseen
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