Cryptocurrency

[Gladiators 2,000]

From the little bit I read, there are a finite number of coins. So that answers one of the questions I asked. Still havent found what prevents that number from changing. In order to add more to the market, someone needs to mine them. No one has explained how thats done.

 

My view is similar to WW. Seems like most people are investing rather than looking at this as a conversion of USD to CC. I understand those two things are not mutually exclusive, but I am not interested in converting USD to CC at this time, and my perceived risk outweighs the potential gains.

[vuduchile 1,945]

I dont know to much about it other than the basics and have never done it myself. I can give you a couple of sources that I trust though if you want.

That would be great. Thanks

[iam90sbaby 2,646]

Yeah this whole crypto currency thing doesnt sound shady at all

I mean I could post a thousand stories about Wall Street being corrupt? Of course there are grimy people in cryptos that try to scam the system.. duh. Thats in anything.

[iam90sbaby 2,646]

 

They're pre-built. I don't even know all of the details tbh. My BIL has just been doing pretty well with it, and guaranteed I'd see my 5g back in under a year, or he'd buy the rigs back off me. Figured it was a small investment, with no risk, so why not give it a shot.

 

I'm definitely going to be paying closer attention to this thread now though. Unlike most people, I understand the technical part of crypto-currency and block-chains, but not much about the financial part.

Let me know how its going in a few months and which one you got if it works I wont need to do a a prebuilt if a decide to start mining.

[iam90sbaby 2,646]

That would be great. Thanks

This talks about mining and some:

 

And if I was going to do a build this is what I would do:

 

With newer parts though.

[Hardcore troubadour 15,534]

I mean I could post a thousand stories about Wall Street being corrupt? Of course there are grimy people in cryptos that try to scam the system.. duh. Thats in anything.

And they call you the kid.

[Frozenbeernuts 2,276]

Of course it's a bubble, in a way. Most coins will be useless, but if you bet on the ones that survive, bingo

[penultimatestraw 473]

Not sure. Why dont you tell me though, Im sure you have an opinion on it.

I don’t think they will. Government has too much interest in control to allow it.

[penultimatestraw 473]

They're pre-built. I don't even know all of the details tbh. My BIL has just been doing pretty well with it, and guaranteed I'd see my 5g back in under a year, or he'd buy the rigs back off me. Figured it was a small investment, with no risk, so why not give it a shot.

 

I'm definitely going to be paying closer attention to this thread now though. Unlike most people, I understand the technical part of crypto-currency and block-chains, but not much about the financial part.

Can you explain the technical part to the uninitiated?

[penultimatestraw 473]

Baby steps, thats asking a lot. He needs to start with using a cell phone from the last 10 years. He is qualified to give detailed medical advice but cant download angry birds apparently.

And you’re taking out a several thousand dollar loan to chase an anonymous investing tip, likely with little knowledge of what you’re investing in.

[mmmmm...beer 809]

I've heard talk some of the banking and other big boys don't like how unregulated these are (or maybe they can't make money off the regulation or have no control over them?) So right now they are buying the sh!t out of bitcoin and the like.. planning a pump and dump to crash it all.

 

Nothing but speculation at this point.. but very feasible. You have to admit it's ripe for it... look how fast it's climbed in a matter of 6 months.

[penultimatestraw 473]

I've heard talk some of the banking and other big boys don't like how unregulated these are (or maybe they can't make money off the regulation or have no control over them?) So right now they are buying the sh!t out of bitcoin and the like.. planning a pump and dump to crash it all.

Nothing but speculation at this point.. but very feasible. You have to admit it's ripe for it... look how fast it's climbed in a matter of 6 months.

Thats interesting - there are a few prominent investors speaking out against cc. As with anything that comes out of their mouths, it’s all probably for their personal financial gain. But the banking industry definitely has interest in cc’s not becoming mainstream.

[vuduchile 1,945]

I've heard talk some of the banking and other big boys don't like how unregulated these are (or maybe they can't make money off the regulation or have no control over them?) So right now they are buying the sh!t out of bitcoin and the like.. planning a pump and dump to crash it all.

 

Nothing but speculation at this point.. but very feasible. You have to admit it's ripe for it... look how fast it's climbed in a matter of 6 months.

JP Morgans CEO said he will fire any employee who trades cryptos because theyre stupid.

 

No surprise that this investment bank who played a major role in underwriting fraudulent securities would take shots at cryptos.

[Reality 3,121]

JP Morgans CEO said he will fire any employee who trades cryptos because theyre stupid.

 

No surprise that this investment bank who played a major role in underwriting fraudulent securities would take shots at cryptos.

JP Morgan is building it's own blockchain based on Ethereum called Quorom. Do some research on it, it's very interesting. These guys talk out of both sides of their mouth while buying the dips.

[IMMensaMind 462]

probably not considering Apple is a company that people invested in and continue to invest in with the idea that their products and company direction will result in the USD value of those shares going up and being worth more than they originally paid.

 

 

 

Investing in Apple or any other company always has and endgame notion of selling for a profit.

You're clearly struggling with the underlying concepts. Let me try another analogy - analogies aren't perfect - to get the point across.

 

Would you like to go back to 1950 with the amount of money you have now? When a Corvette cost about $3,500?

 

That's what we're trying to do in reverse. We're attempting to lock in the future value of a currency - one with major benefits over our present currency - by buying it now; before society recognizes its true value as a replacement to the current way of doing business.

 

That's why the value is increasing. I don't know where you got the idea that this isn't for profit.

 

but you've already stated that this isn't the case the CC's.

No I didn't.

 

They will be the new and only form of currency.

I wasn't that definitive. I do see a future in which a wallet with paper in it is no longer necessary.

 

One day people will be buying shares of Apple with bitcoin or ether in hopes that those shares of Apple go up and they now have more bitcoin or ether as a result.

Right. And?

[IGotWorms 4,060]

Its like arguing with a brick wall

[IMMensaMind 462]

I don’t think they will. Government has too much interest in control to allow it.

How, pray tell, can the Government stop this? The beauty of this is the inability of Government to do a goddamned thing about this. They cannot even break into iPhones (without a backdoor).

 

Government cannot stop the use of cryptocurrency any more than it could pass a bill outlawing gravity.

[WhiteWonder 2,798]

You're clearly struggling with the underlying concepts. Let me try another analogy - analogies aren't perfect - to get the point across.

 

Would you like to go back to 1950 with the amount of money you have now? When a Corvette cost about $3,500?

 

That's what we're trying to do in reverse. We're attempting to lock in the future value of a currency - one with major benefits over our present currency - by buying it now; before society recognizes its true value as a replacement to the current way of doing business.

 

That's why the value is increasing. I don't know where you got the idea that this isn't for profit.

 

 

No I didn't.

 

 

I wasn't that definitive. I do see a future in which a wallet with paper in it is no longer necessary.

 

 

Right. And?

 

no struggle with underlying concepts, you keep saying analogies are bad but all you have are analogies. If you give me a poor analogy and I explain why its poor its doesnt automatically mean I am "struggling with underlying concepts". But, however you need to spin it. We've already proven that you (probably more so than 90sbaby) are not looking to have much of a discussion if someone is going at all against your own thoughts on the topic.

 

I got the idea that this isn't for profit because it has been mentioned that technically paper USD gains don't matter and some of you are investing in CC's to get ahead of the game before they become our main source of payment. If that is the case, you're not really profiting as much as you are converting current USD into crypto to be ahead of the game. Yes, in a sense you are investing in the idea that CCs will take over and you, therefore, will have a nice holding... but as you already stated, in a scenario where CCs are the only ormain source of payment in our world, the market will dictate how much they are worth.... so any current boasts of "up XXXX%" are pointless.

 

maybe you should be more definitive considering you are so passionate about the subject?

 

"right and?"...... right, and if CC's replace the USD or any other currencies, then we will have a world where its business as usual. CC's will simply be the new dollar. People will invest in stocks hoping to see returns and see their CC account grow just like they hope to see returns and their USD bank accounts grow right now.

[WhiteWonder 2,798]

Its like arguing with a brick wall

 

very true but also a funny brick wall

[IGotWorms 4,060]

 

very true but also a funny brick wall

I dont see the humor in it but thats probably my failing

[WhiteWonder 2,798]

How, pray tell, can the Government stop this? The beauty of this is the inability of Government to do a goddamned thing about this. They cannot even break into iPhones (without a backdoor).

 

Government cannot stop the use of cryptocurrency any more than it could pass a bill outlawing gravity.

 

i think you severely underestimate the governments ability to stop, manipulate, take control of what they want to take control of.

 

gravity? I know you were going for the grand exaggeration for effect there but obviously the government can't stop or conrol scientific laws and realities. CC's and the blockchain were created by man. Anything created by man can be controlled by our governments.

 

can someone hack gravity?

can someonw hack CC's?

[WhiteWonder 2,798]

I dont see the humor in it but thats probably my failing

 

i guess i just see the humor in people who think they are making water tight arguments for something that can't possibly have a water tight argument and most of their reasoning is just a bunch of mumbo jumbo and "you don't understand" without actually responding to the underlying concerns that people might have about CC's and their technology.

 

and keep in mind this is coming from someone who likes the idea of investing in CC's and owns some ETH.

 

I just can't fathom having my head so far up my ass that I can't have a rational discussion with someone who is skeptical or might be like myself.... intrigued, invested but still skeptical that CC's will soon replace all other forms of currency.

[Hardcore troubadour 15,534]

If this bitcoin thing is indeed a scam, it could never compare to the scam that is the Federal Reserve. The ultimate scam.

[KSB2424 3,148]

How, pray tell, can the Government stop this? The beauty of this is the inability of Government to do a goddamned thing about this. They cannot even break into iPhones (without a backdoor).

 

Government cannot stop the use of cryptocurrency any more than it could pass a bill outlawing gravity.

Im in the pro buy ccs camp right now.

 

But this post is naive at best.

[KSB2424 3,148]

 

i guess i just see the humor in people who think they are making water tight arguments for something that can't possibly have a water tight argument and most of their reasoning is just a bunch of mumbo jumbo and "you don't understand" without actually responding to the underlying concerns that people might have about CC's and their technology.

 

and keep in mind this is coming from someone who likes the idea of investing in CC's and owns some ETH.

 

I just can't fathom having my head so far up my ass that I can't have a rational discussion with someone who is skeptical or might be like myself.... intrigued, invested but still skeptical that CC's will soon replace all other forms of currency.

This is where Im at. My brother has been on me to buy in for two years now, and I did, but I sure as hell aint counting my million chickens already. It was more of a screw it, just in case sorta move.

[mmmmm...beer 809]

Im in the pro buy ccs camp right now.

 

But this post is naive at best.

How hard would it be for the goverment to block all proceeds from being deposited in a US Bank from the sale of any CC?

 

Or declare it a rogue currency that supports terrorism and forbid any US based business from using it and or depositing any money into a US Bank from the proceeds from it.

 

So long Coinbase....

 

You can have all the Eth in the world but if you can't convert it to spend down at the Piggily Wiggily it's worthless.

 

THAT's how Uncle Sam gets his. He doesn't have to play by the "no rules" game.

 

Declare it just like drug money. Can't deposit it... use it to buy a Corvette? How'd u get the money? No job or paycheck to support it? Confiscated... accounts froze.... it would be easy as pie to shut that sh!t down.

[mobb_deep 920]

Can you explain the technical part to the uninitiated?

The technical part of how crypto currency works in general, or how mining for crypto currency works? I dont want to write a lengthy post, explaining something you already understand. I also understand much less about the trading and financial part, than the technical part, so I dont want to give poor information.

[vuduchile 1,945]

I dont believe cryptos will replace fiat currency completely.

 

So while were doing analogies, Ill jump in with my own.

 

When the dotcom boom was at its peak, investors were going nuts over stupid stuff like selling pet food online.

 

Pet food sales were never gonna triple overnight just because you could sell them online. Selling online was simply another (some say better) means of distribution.

 

Eventually, those online pet food sellers went away but Amazon and their warehouse/distribution model was left standing to fill the void. I can only assume that Amazon now sells more pet food online than anyone.

 

Cryptos are in some ways simply another (some day better) means of transacting business online.

 

It hit home with me when I recently went to order some of those peemus pills from India and my debit card wouldnt accept the transaction. When I called them, the rep said I could try a credit card or use bitcoin. Then I saw Overstock.com was accepting bitcoin and I was sold.

 

I wont pretend to understand Blockchain and all it can do, but theres definitely something here. I believe at some point, one of these Blockchains will be the Amazon of the crypto world. As of now, Im betting on ETH, but that could change.

 

As Mensa pointed out, this is very disruptive and has gotten the atttention of the big banks. Both wins IMO.

[Frozenbeernuts 2,276]

How hard would it be for the goverment to block all proceeds from being deposited in a US Bank from the sale of any CC?

 

Or declare it a rogue currency that supports terrorism and forbid any US based business from using it and or depositing any money into a US Bank from the proceeds from it.

 

So long Coinbase....

 

You can have all the Eth in the world but if you can't convert it to spend down at the Piggily Wiggily it's worthless.

 

THAT's how Uncle Sam gets his. He doesn't have to play by the "no rules" game.

 

Declare it just like drug money. Can't deposit it... use it to buy a Corvette? How'd u get the money? No job or paycheck to support it? Confiscated... accounts froze.... it would be easy as pie to shut that sh!t down.

If America did that while most of the world allowed the currency, kiss the value of the dollar goodbye. We would be left in the dust. There is WAY too much invested into the infrastructure. The brightest minds in the technical world are working to make cryptocurrency a permanent fixture in the currency market.

 

People, let's get smart for half a second

 

Like 90s said, it's still SUPER early in the investing stages of this. We are still at the point where you can invest 5k and possibly walk away with 100k. Maybe not probable at this point but it's still possible

 

What's 5k to you beer? You brag all the time about how much you make and how early you will retire and how you are going to rape all us tax payers with your pension for years. 5k is nothing you, but an extra 100k, that could be a difference maker. Not a life or death, comfortable or not comfortable, but who doesnt want extra money? If you are investing in anything it means you are trying to grow your money. I don't see why this isn't worth it when the potential returns are astronomical.

 

Banks are already figuring out how to implement crypto so they aren't left in the dust.

[mmmmm...beer 809]

If America did that while most of the world allowed the currency, kiss the value of the dollar goodbye. We would be left in the dust. There is WAY too much invested into the infrastructure. The brightest minds in the technical world are working to make cryptocurrency a permanent fixture in the currency market.

 

People, let's get smart for half a ###### second

 

Like 90s said, it's still SUPER early in the investing stages of this. We are still at the point where you can invest 5k and possibly walk away with 100k. Maybe not probable at this point but it's still possible

 

What's 5k to you beer? You brag all the time about how much you make and how early you will retire and how you are going to rape all us tax payers with your pension for years. 5k is nothing you, but an extra 100k, that could be a difference maker. Not a life or death, comfortable or not comfortable, but who doesnt want extra money? If you are investing in anything it means you are trying to grow your money. I don't see why this isn't worth it when the potential returns are astronomical.

 

Banks are already figuring out how to implement crypto so they aren't left in the dust.

Dude I'm not saying it won't. I'm just refuting all the focking redic statements like, it's going to suplant all currency. It's a sure thing.. etc. Take a deep breaf everyone...

[tanatastic 2,062]

And youre taking out a several thousand dollar loan to chase an anonymous investing tip, likely with little knowledge of what youre investing in.

Not quite. I know how to use the internet. I didnt just read this thread and make snap decisions. I have been on multiple subreddits and communities discussing this topic. I have looked into this and seen a lot of people claiming this will be huge next year. Am I being reckless? Yes. But I feel this is a risk worth taking for the potential payoff.

[IMMensaMind 462]

no struggle with underlying concepts, you keep saying analogies are bad but all you have are analogies.

I'm using analogies - and I didn't say they were bad; I said they aren't perfect - because you're clearly having a very hard time understanding what I'm explaining without them, and the only progress I appear to have made was you ceding the argument when I expounded upon the car analogy.

 

If you give me a poor analogy and I explain why its poor its doesnt automatically mean I am "struggling with underlying concepts".

Yes it does, if you utterly mischaracterize the point of the analogy. You admitted - tacitly - such when you got the car analogy after being dragged through it by forcing me to expand it by adding the variables 'Ford' and 'gas'. The rest of us who get this topic got that analogy immediately.

 

But, however you need to spin it. We've already proven that you (probably more so than 90sbaby) are not looking to have much of a discussion if someone is going at all against your own thoughts on the topic.

Because I'm arguing with your thoughts on the topic?? Da fuq??

 

I don't know how you discuss in your world, but - in mine - we're doing it. Right now. How else would we be discussing? Me simply agreeing with you? I DON'T. I don't have to agree with you in order for this to qualify as 'discussion'. This is me taking issue with things you're saying, and you clearly taking issue with things I'm saying.

 

So, if anything, you're equally unwilling to have this 'discussion'. You don't want to have much of discussion because you're opposing MY thoughts, right?

 

 

The complaint, therefore, is flat focking addled. I'm clearly attempting to explain why you're wrong. Key word: I'm explaining WHY you're wrong.

 

I'm not simply saying that you're wrong. Someone who simply says "you're wrong" - or says "like arguing with a brick wall" without actually offering an argument? Now THERE'S a good target for your accusation. That type of troll truly isn't interested in having a discussion. That type of troll is being their normal azzhat useless turd self.

 

I got the idea that this isn't for profit because it has been mentioned that technically paper USD gains don't matter and some of you are investing in CC's to get ahead of the game before they become our main source of payment.

NO, no pro CC investor here said anything that means anything like that. Not one single CC investor is "investing in CC's to get ahead of the game" just for the purpose of holding in their hands another currency. EVERY one of them - me included - is doing it as an investment with explosive returns. They're doing it because the recognition of it as a superior currency creates additional intrinsic value in that currency; above the intrinsic value of the currency they're EXCHANGING.

 

If that is the case, you're not really profiting as much as you are converting current USD into crypto to be ahead of the game.

Yep. You don't get this. At all.

 

Ok. Another analogy: you plan trips overseas when your currency has increased buying power against the currency of the land you're visiting. You 'convert' your currency into the currency of the land you're visiting, because you'll get to enjoy a bottle of wine that would have cost $50 @ home for $35 overseas. You'll be able to enjoy a 5 ️ hotel for 3 ️ prices.

 

Investing in CCs is like that - only this particular currency has universal value that is being discovered in real time, whereas timing a trip when your exchange rate is good is more of a cyclical thing. Why? Because the currencies in question are already established; their values fluctuate due to inflationary and economic factors, but their range of value has already been established against hard assets.

 

CCs are still finding their level, and - right now - their level is well below their final state of equilibrium.

 

CCs are a form of currency that speaks all languages, because it's expressed in math, and it's untraceable. All that it needs is universal acceptance, and it is acquiring that; quickly. That's why it's going up, and it is certainly creating a fever/hype around them. It is not yet fully established, so its value is on the increase when compared to other currencies. The hype is natural; all explosive investments attract it.

 

For reasons that appear far more obvious to some than to others.

 

In 2013, someone sold a Porsche Cayman S, and accepted bitcoin to do it. 300 bitcoins was the price.

 

http://www.carscoops.com/2013/04/man-buys-2007-porsche-cayman-s-for-300.html

 

Now, let me tell you where you're wrong. You claim "you're not really profiting". Ok, then explain to me the following.

 

How could you possibly claim that the original holder of the 300 BTC - a guy who 'converted 1200USD into 300 BTC when BTC was $4 each - "didn't profit" by converting his BTC into a $39,000 car.

 

He didn't do that. He bought BTC for the same reason anyone invests in anything: they perceive untapped value. He was right, and continues to be right. Of course, he should have kept his $1200 in BTC, shouldn't he have?

 

Yes, in a sense you are investing in the idea that CCs will take over and you, therefore, will have a nice holding... but as you already stated, in a scenario where CCs are the only ormain source of payment in our world, the market will dictate how much they are worth.... so any current boasts of "up XXXX%" are pointless.

You repeatedly claim that you have no trouble with the underlying concepts, and then you write something like this. What you just wrote is proof of my assertion. You do not understand this topic. At all.

 

"The market will dictate what they're worth" is exactly what happens on ANY investment that explodes in value. When I bought AOL for $3/share - and then sold it for $100/share - it was no different. The market dictated that it was worth what someone else decided to pay for it. Or what someone else decided to trade for it - which is the exact same thing. AOL didn't maintain its value, because it was surpassed by something superior - but it was converted.

 

Mental exercise for you, to really expose what you know - and don't know - about this. Let's say that the developer of the BTC blockchain based it upon an algorithm which had 500,000,000 potential "answers" (BTCs) instead of only 21,000,000.

 

Where would this investment be at the moment, in relation to where it actually is? This is not a trick question, and there is no specific answer; only a general one. There is a correct answer.

 

 

maybe you should be more definitive considering you are so passionate about the subject?

Huh?

 

"right and?"...... right, and if CC's replace the USD or any other currencies, then we will have a world where its business as usual. CC's will simply be the new dollar. People will invest in stocks hoping to see returns and see their CC account grow just like they hope to see returns and their USD bank accounts grow right now.

 

Right. And? I'm utterly flummoxed to the point you're trying to make, and its further evidence to me that you're not grasping the potential of CCs as an investment. It's not that you're not correct about that; it's that you're not grasping what happens when you take the current medium of exchange - the dollar - and convert it to the future medium of exchange. You're speaking as though you think the move is lateral.

 

It isn't. It's only lateral once the new medium finds its equilibrium, and then becomes more of a conventional currency market play. This is more like investing in a blue chip stock while it's still on the Pink Sheets.

 

We're investing in the expectation that CCs - specific ones - go mainstream as the best case scenario. But CC's don't have to absolutely replace other currencies in order to be a massive winning investment, and - unlike entities like Facebook, which still hasn't figured out how to make money, and whose stock value is based upon the hope that someone eventually will - CCs already have utility.

 

We don't need the binary outcome of "full replace" in order to massively profit. Chevrolet didn't absolutely replace Ford, but one could have invested and done extremely well.

 

CCs are a category all their own, however. ETH is a category all its own within the CC discussion.

[IMMensaMind 462]

i think you severely underestimate the governments ability to stop, manipulate, take control of what they want to take control of.

No, I don't. Government is going to attempt to come after this with everything they have. Governments, though, are merely an arm of the real power brokers: International bankers. Governments are just their weapon.

 

But they don't have the ability to control this in any effective manner. Doesn't mean that they won't try, and I never alluded to anything otherwise.

 

gravity? I know you were going for the grand exaggeration for effect there but obviously the government can't stop or conrol scientific laws and realities. CC's and the blockchain were created by man. Anything created by man can be controlled by our governments.

Oh? The US began as an idea. How did the English control that one? They lost to it. This is a powerful force which has been created, and it has many similarities. It is a powerful expression of freedom. It is laissez faire in its most pure form.

 

can someone hack gravity?

can someonw hack CC's?

Non sequitur. Your own money is not immune to these same things, therefore there it is no argument that only applies to cryptocurrency.

[IMMensaMind 462]

Im in the pro buy ccs camp right now.

But this post is naive at best.

Great. Now give your post some credibility by actually supporting your claim.

 

We have some here who claim that the people who don't want to have discussions are the ones spending the most time expounding upon their positions, and explaining them.

 

Then we have people who make accusations and throw insults without actually having any discussion at all.

 

Which one do you want to be?

 

My statement was simple, but that doesn't mean the reality of what Government will attempt to do isn't complicated, and pose some difficulty. My statement addresses my end belief: no Government will be able to stop things like cryptocurrency.

 

For reasons which apparently escape those who don't fully understand the power of the math behind this concept.

[penultimatestraw 473]

i think you severely underestimate the governments ability to stop, manipulate, take control of what they want to take control of.

 

gravity? I know you were going for the grand exaggeration for effect there but obviously the government can't stop or conrol scientific laws and realities. CC's and the blockchain were created by man. Anything created by man can be controlled by our governments.

 

can someone hack gravity?

can someonw hack CC's?

This. Cryptocurrency is not a force of nature. It is not perfect. If the financial overlords want to regulate it, they will find a way.

[WhiteWonder 2,798]

No, I don't. Government is going to attempt to come after this with everything they have. Governments, though, are merely an arm of the real power brokers: International bankers. Governments are just their weapon.

 

If you really don't think that a group of people, any group of people will ultimately take control of CC's and blockchain, I personally feel thats a bit naive. Especially if its on such a meteoric path to being the be-all end-all of finance.

 

But they don't have the ability to control this in any effective manner. Doesn't mean that they won't try, and I never alluded to anything otherwise.

 

 

Oh? The US began as an idea. How did the English control that one? They lost to it. This is a powerful force which has been created, and it has many similarities. It is a powerful expression of freedom. It is laissez faire in its most pure form.

 

oh, and there was war. Mining for gold, mining for oil, cross country railroads... all began as ideas. Pretty sure the governments get their cuts now.

 

Non sequitur. Your own money is not immune to these same things, therefore there it is no argument that only applies to cryptocurrency.

 

I never said my own money was immune. My own money is just as vulnerable as CC's.. that was kind of my point, bud. My own money is not = gravity

[WhiteWonder 2,798]

For reasons which apparently escape those who don't fully understand the power of the math behind this concept.

 

in summary... BUT BUT BUT you dont understand!!!!!!

 

 

which seems to be the end result of most of your discussion on the topic because you just can't seem to handle people having differing opinions.

 

i get this strange feeling you have aspergers. just a hunch.

[IMMensaMind 462]

i guess i just see the humor in people who think they are making water tight arguments for something that can't possibly have a water tight argument and most of their reasoning is just a bunch of mumbo jumbo and "you don't understand" without actually responding to the underlying concerns that people might have about CC's and their technology.

How about you stop insulting? I never claimed I'm making "watertight arguments". I am simply responding to what I consider your failure to understand the point of this investment. You've made post after post that SCREAMS that.

 

and keep in mind this is coming from someone who likes the idea of investing in CC's and owns some ETH.

...and demonstrates that they don't fully grasp what they've invested in. And you don't, no matter how much you squawk. Your on posts demonstrate your failure to understand, and I've pointed out repeatedly why and how you don't.

 

I just can't fathom having my head so far up my ass that I can't have a rational discussion with someone who is skeptical or might be like myself.... intrigued, invested but still skeptical that CC's will soon replace all other forms of currency.

You - again - are mischaracterizing. I have no idea whether or not CCs will fully replace other forms of currency; I can only speculate. ANY investment is speculation. For the umpteenth time, CCs don't have to fully replace other forms; they merely have to gain mainstream acceptance, and their value will permanently explode.

 

This is no different than any other investment. You don't hold an investment in a papyrus manufacturer indefinitely. You react when you believe that the investment has run its course, as papyrus did. Yes, it's another analogy. They aren't perfect.

 

That doesn't mean that they're 'bad', as you attempted to claim I said - just like you've invented an entire host of other things I never said.

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