Quote from: lunarboy on August 14, 2015, 01:54:16 PM

Quote from: brg444 on August 14, 2015, 01:48:18 PM

Quote from: solex on August 14, 2015, 03:33:57 AM

Quote from: brg444 on August 13, 2015, 05:11:17 AM

That is because bitcoins are a unique collectible unlike anything the world has seen since gold. Unfortunately much like gold some characteristics limit its direct use as a mean of exchange. Gold's shortcoming is in its physicality, Bitcoin's own is the decentralization tradeoff.

Quote from: brg444 on August 13, 2015, 07:22:44 PM

I think Bitcoins are absolutely a unique collectible. I hate to "call up" authority but its own creator was well aware of that:

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Maybe it could get an initial value circularly as youve suggested, by people foreseeing its potential usefulness for exchange. (I would definitely want some) Maybe collectors, any random reason could spark it. - Satoshi Nakamoto

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It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. -Satoshi Nakamoto

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Aug. 27, 2010: Bitcoins have no dividend or potential future dividend, therefore not like a stock. (Theyre) more like a collectible or commodity. - Satoshi Nakamoto

Satoshi quotes which are correct, but also relate to when BTC was the only cryptocurrency.
Today http://coinmarketcap.com has about 600 listed, including - if I choose one at random - Monero.

So, is a monero a unique collectible unlike anything the world has seen since gold? Yes or No!

YES!

Now are they as "rare" by my definition than Bitcoin? No. But by all account they have obtained a significant amount of "collectors" because of its own rather unique property, as smooth pointed out.

Hang on a sec whilst I just nip down and photocopy an thousand copies of the Mona lisa. This is money were talking about network effect and userbase are all that is important.

Hmm... I'm aware of that. Maybe you'd like to return to my original post to understand the point I was trying to make which is basically that as far as Bitcoin is concerned we are still very much in the "collector" stage where users, in majority, will use it to store wealth and not necessarily to trade for goods and services.