Post
Topic
Board Bitcoin Discussion
Re: Waste of time
by
mayax
on 17/01/2015, 16:52:31 UTC
Bitcoin was made by someone who owned a good percentage of the original digits and it was made for fools(without demographic area).  Smiley

"you live in Congo? OK! do you have money? yes, I have. Good !!! Give it to me and i will send you some "bitcoin".
You will be like "us", libertarians "
  Grin

then... and the "fool" has asked :

"what will I do with it?"   the answer was  "hm...nothing but find others like you, - "fools"- and sell them your bitcoin for more money than I sold it to you"
 
Then, by telling his story, this individual (later transformed in a gang) created demand for some digits on a screen. The dollar-value of his share of the bitcoins appreciates with the other digits.

After that, they created the so called "exchangers/brokers" in order to manipulate the market as they want. It sounds nice(broker, FX) to the people's ears who have some financial information.

It's so funny when you read the so called Bitcoin capitalization : over 2,5 billions USD.

Capitalization means that 2.5 billions USD really exists "somewhere". That many people came with their fiat currency and they bought Bitcoin. Where are the money? Of course, they do not exist at a such level (2,5 billions) and they will never exist.

The share price in relation to earnings and net assets that determines the price if a stock is over or undervalued. Shares represent a fraction of ownership in a business. Now, is BTC like any other commodity or is it a company? If it is a company then each people who buy 1 BTC is shareholder and it must earn a part of the BTC profit Smiley
Shares represent a fraction of ownership in a business.  

You see how stupid is this system? OK. You will tell that BTC is a currency. A currency is regulated by a a central authority in order to prevent any scams/abuses .
Example: the USD is guaranteed by the US government: this relies on faith in the ability of the federal government to pay back any debts.

Also, the USD have value because everybody thinks they have value. Who is this earth will trust Bitcoin (a gang)? It has no future as it is.

You will tell me that any gov is a gang and other shits like this. Ok. this is the world where we live but i rather trust any gov from this planet than "the gang". Smiley

"Everybody" in your case = 500,000- 1 mil user since 6 years ago. More than that, less than 0.1% from these have used BTC to buy "goods" Smiley

Why, because there is no interest from merchants, to accept Bitcoin and those who own BTC, are speculating it. They don't need BTC to buy a PC or a beer or condoms. You can do that with a card or cash.