lifeandtimes wrote: » Why would the coins be worthless if it's attached to a company who's product is revoluntionary?
lifeandtimes wrote: » Proxys? Steaming and downloading is still rampant no matter how much the governments try to stop them
aido79 wrote: » I may be forcing you to actually do some research here but what's your opinion on Tangle as opposed to Blockchain? Do you think it will suffer the same fate as you assume Blockchain will?
JohnnyFlash wrote: » Most leading economists tend to agree with me
JohnnyFlash wrote: » Blockchain sounds like a good idea. I’m sure lots of banks, utilities etc will roll their own, or buy the tech off a company who specialize in the area. Don’t think the coins being used to demonstrate blockchain have any value. Most leading economists tend to agree with me.
Anthracite wrote: » Interesting - what does a Vibe coin buy you though? Is it for spending on their service? A percentage of their income?
Autochange wrote: » One thought I have concerning the alt coins is lets say for example people buy into a certain coin en mass. This provides needed funding for the company. They then go on to make huge partnerships and start generating revenue through everyday use of their block chain products. In the meantime governments ban crypto trading. The companies we helped fund at the start are now mainstream and dont need their "coin" market anymore. Its the small guys like me and you who lose out in the end.
kaymin wrote: » Very possible. Isn't it more likely that Blockchain will become mainstream with government created crypto currency pegged to dollars or euro than with any of the current crop of crypto currencies?
lifeandtimes wrote: » Most leading politicians thought Clinton would win,brexit wouldn't happen and Bitcoin wouldn't reach 10k.Different times where a lot of pros are getting it wrong
Sir John Templeton wrote: The four most expensive words in the English language are "this time it’s different."
aido79 wrote: » And your opinion on Tangle?
rapul wrote: » Come on lads such negativity put the effort your putting into your posts into something else,it's just negative spam at this stage, a few sour people who missed the boat,as people are inclined to say.
Attacking the Motive: Fallacy Explanation & Examples The purpose of this lesson is to help you understand a fallacy known as attacking the motive, or when someone attacks the reasoning behind an argument, rather than the validity of the claim. Through the use of easy-to-understand examples and explanations, you'll also find out how to balance skepticism with a logical approach.Claims and Motivation Let's say that Dr. Walters is a climatology expert presenting data at a national conference on climate change. Mid-way through her presentation, a man in the audience stands up and interrupts her and shouts: 'How can we believe anything you say? Your career and funding depends on your position that climate change is happening. This presentation is bogus.' Does the attendee have a point? Or is his argument against Dr. Walter's flawed? In this lesson, we'll focus on attacking the motive as a fallacy, or an illogical argument that does not support a conclusion. We'll also discuss how important, or unimportant, it is to consider the motive, or the benefit, emotion or need, behind an individual's claim.
Deleted User wrote: » makeorbrake wrote: » You were told - how many times now? - ANY currency is only of value if the public sentiment and belief is there behind it. You countered with 'what currency can buy this?' which body stepped the point. A USD or a Euro can only buy something because people believe that this piece of paper has some value. Other than that, it's just a piece of paper. You said that the euro was backed by this and that. That's the whole point here. Look up the meaning of FIAT - how FIAT currency came to be known as FIAT currency. Here's a hint - it's since the gold standard was dropped. When the gold standard existed, a currency may have been backed by something. Right now, FIAT is not. FIAT currency is backed by governments. Governments enforce contracts, pay bills and collect taxes in the FIAT currency they back. Governments have police forces, and armies, that project power in the world. It's nothing to do with public confidence and everything to do with state power. It is absolutely mind-boggling that people still don't seem to understand this. If the governments of China, Russia and the USA decided to kill bitcoin they could do it overnight. That's an unavoidable fact. The fact that FIAT currencies aren't tied to the gold standard doesn't mean they are not backed by anything.
makeorbrake wrote: » You were told - how many times now? - ANY currency is only of value if the public sentiment and belief is there behind it. You countered with 'what currency can buy this?' which body stepped the point. A USD or a Euro can only buy something because people believe that this piece of paper has some value. Other than that, it's just a piece of paper. You said that the euro was backed by this and that. That's the whole point here. Look up the meaning of FIAT - how FIAT currency came to be known as FIAT currency. Here's a hint - it's since the gold standard was dropped. When the gold standard existed, a currency may have been backed by something. Right now, FIAT is not.
JohnnyFlash wrote: » Don’t know much about it apart from it offering free transactions. Still don’t see what value it gives any of those coins floating around at the moment. This wiki is well worth a read.https://rationalwiki.org/wiki/Bitcoin
rapul wrote: » Unlike you Anthracite I'm not bothered debateing when its like talking to a wall with some of you,have fun spamming, good use of your time!
aido79 wrote: » It's still a cryptocurrency. I'm not sure why you think it needs to give value to any other coins. It's different technology to Blockchain and has nothing to do with it. I haven't read your link and probably won't as bitcoin doesn't really interest me to be honest.
lifeandtimes wrote: » I feel the same. Im Only popping back in to be nosey. You'd swear they were bankers trying to get people back to fiat or sour investors who missed the chance at getting on the train
Autochange wrote: » Bitcoin is up 400 usd since you started arguing with each other. Keep the arguing going. Thanks lads
JohnnyFlash wrote: » any smart Chinese buck
lifeandtimes wrote: » Ill hazard a wild guess and say you are in your late 40s or early 50s to be making these stereotypes
Anthracite wrote: » Ah here. Irony?
lifeandtimes wrote: » That's the 3rd time you've referenced the Chinese being clever in this discussion. You are aware other nationalities out there have intelligence right? Ill hazard a wild guess and say you are in your late 40s or early 50s to be making these stereotypes
JohnnyFlash wrote: » The material in the link applies to all coins, not just bitcoin. Bitcoin might even be better as at least the lads who got in at the start were on a level playing field. Most of the new coins are premined so any smart Chinese buck can set aside a stack for himself, generate some hype, then dump it for cold hard cash.
