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I'll ask this question again, since you seem in the answering mode today. Where did you last travel?
mell saysI disagree with it being labeled as a scam. It is a legit store of value with limited availability
All incoming money is consumed by the miners. How can you call it a store of value when the only way to get your money out is for someone else to put more money in?
I AM expecting a cogent answer, but I can't see any way to make money with bitcoin other than selling it to someone someday for more than you paid for it.
There is just no there there unless you're laundering money.
Why bother with fiat It's just worthless paper or digitals backed by a promise ;)
Onvacation saysHe went to the beach, on his mountain bike.
Sounds lame.
mell saysWhy bother with fiat It's just worthless paper or digitals backed by a promise ;)
To buy food.
Blockchain has to be open source. Anyone can create a new crypto. Why is one crypto worth something and another is not?
Bitcoin is a speculative investment. It depends on the greater fool to keep it going. Most of the money coming into the system is consumed by the massive amounts of energy (to mine each bitcoin it takes 2 1/2 times the monthly energy used by the average home). The system doesn't own the equipment, individual miners do. Bitcoin has no assets. It is only worth what the next greatest fool will pay for it.
I imagine the HODL'ers will start a fee system to keep it going after nobody wants to buy.
Sure but it's backed more and more by the same promise
the last Bitcoin will be mined in 2040
G36 says
Take a long ride on your bicycle and think about it.
@G36
holding for the long run.
Bitcoin was a speculative asset that is now seen as digital gold.
Smart money is getting into Bitcoin now. Retail will follow.
G36 saysBitcoin was a speculative asset that is now seen as digital gold.
Why?
G36 saysSmart money is getting into Bitcoin now. Retail will follow.
bits on their flashdrive is "just like gold ".
Onvacation saysDo you have any idea how ridiculous you look?
please read a few articles on that website and then come back with an educated judgment if it is satire or not
Onvacation saysDo you have any idea how ridiculous you look?
@Onvacation, please read a few articles on that website and then come back with an educated judgment if it is satire or not
I now realize it is a satirical article. I thought it was from G36. It sounds llike what it believes.
Your names both end in 6. I missed the link to the article.
Onvacation saysI now realize it is a satirical article. I thought it was from G36. .
Your names both end in 6.
Nope dummy. Rb6d and G36 dont end in 6. This thread is hilarious!
Rb6d and G36 dont end in 6.
Sorry for assuming you were stupid.
Looks like the night shift is over!
Have you seen what Paypal charges for transactions with BTC?
.
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https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value