Crypto theory
SteveDeansPhotography said, 1652480378
-sp●●n- aha, you stumbled on the worst aspect of it. I was interested in the low energy use coins, but no idea how they've been getting on
Edited by SteveDeansPhotography
SteveDeansPhotography said, 1652480892
Just checking, looks like the 'green' coins have crashed the same as everything else
GLR said, 1652481052
Never played any gambling more than I could afford to lose. Including BTC, where I lost 10%. I'd buy in confectionary companies ATM. When times get tough, people still want treats. I normally buy Cadburys, but as they sold their soul to Kraft...
GLR said, 1652481506
GLR or that stuff father jack used to like
Good idea, Johnson & Johnson it is! ;)
SteveDeansPhotography said, 1652481631
GLR every thread on cryptocurrency ends in toilet duck, I'm sure there's a name for the phenomenon
parkway said, 1652482860
but supposing you could spend bitcoin on real stuff, it would have a use then.
Unfocussed Mike said, 1652483863
parkway said
but supposing you could spend bitcoin on real stuff, it would have a use then.
"but supposing" is a very good précis of the entire ground floor pitch for cryptocurrency.
Jerome Razoir said, 1652483868
indemnity wouldn't agree on anything. Bananas have a value based on paying the grower, the importer and the shop etc. And nothing above that.
Edited by SteveDeansPhotography
No, bananas have a value based on paying the grower, the importer and the shop etc. PLUS percieved value
That may be no more than X number of calories in a banana versus X number of calories in a potato but consider why there are so many stately homes in the U.K. with stone (and other) representations of pineapples. Pineapples were once incredibly expensive (your thesis above) but also a considerable status symbol. So the rich would indulge themselves as ostentatious displays of how rich they were.
You can only rarely cite a particular good as being ONLY worth it's production, delivery, distribution and sale (with suitable profits margins at each stage) when for most goods there is the addition of pervieved value.
With cryptos and pyramids, sales are more affected by belief than by logic.
The pundits understand that and know how to exploit it in their sales pitches.
Thereby manipulating sales and outcomes.
They know exactly when to get out and leave the milkman carrying the can.
indemnity said, 1652485134
GLR every thread on cryptocurrency ends in toilet duck, I'm sure there's a name for the phenomenon
You're all ducked.
parkway said, 1652485236
Unfocussed Mike I'm not that familiar with bitcoin and currencies etc but I don't see why it won't happen. if the price drops to a sensible level it could be worth picking up a few before it takes off. trouble is there are lots of different coins, I think you can exchange them like you can with foreign currencies. perhaps the prices need to drop first for the whole mechanism to kick start itself as a real currency that can be used for real goods. ie food, houses, cars etc. or maybe you could sell metal coins for bitcoin - who wants those horrible plastic notes these days? they don't feel like real money. what we need is a bitcoin mint. bring it on :)
Gothic Image said, 1652489229
It will only take a couple of tweets from Elon and it will be up again. That's just how unstable it is.
parkway said, 1652491085
you need computing power and technology for crypto to work. when systems fail, as has been proven by the various millions of bitcoin that have been lost, what is the default transaction method? let's say your in a shop - currently you can pay by debit card, if theres a problem you use cash instead. so with bitcoin how do you pay if the bitcoin machines aren't working or theres a system failure? it needs to be backed up by real currency does it not? its a nice idea but I think it's days are numbered.