Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's real value
by
turvarya
on 25/08/2015, 11:29:32 UTC
no bitcoin is not real value.
i cannot use any where any time or any merchants bitcoin. All merchants not accept bitcoin so it is not real value

Bitcoin has value, it's just that there are not enough merchants to cater your needs that's why you deem it as worthless. Also, it is wrong to say that this technology is worthless or whatsoever because billions of dollars are poured into it.

There was poured billions into worthless internet companies in the early days of internet. Had thos companies value?

Ponzi and pyramid schemes are based on people pouring in money. Do they have value?


The idea that bitcoin has a real value at the moment is absurd. Its just a "handfull" group of people who know about it and it is useless for the most part. If you dont search activly for places to use your bitcoins you are likely to never find a merchant who accepts them.
That is just wrong. I stumbled over merchants, who accept Bitcoin many times, even if it just a small percentage of all the merchants in the world.

The rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.

Okay then, we'll go back to the original implementation of Bitcoin that had a 33.5MB blocksize.  Satoshi subjected the network to a pretty major modification to the rules when he introduced the 1MB limit. 
And we would not be able to fix bugs.
Anybody who says, we should set things in stone, has no idea how anything works. History shows that every culture, who did something like that, had their downfall.

Strange.... I do 90% of my shoping online and has never seen a merchant accepting bitcoins. Might be because i never search for merchants who accept them but search for those who give me the best deals.

Fact is that you are lucky to even hear about bitcoin if you dont search for it. It is almost never in the news and not talked about among people. Only once this year i have seen an news article about bitcoin and it was only about the blockchain and not the currency.

Bitcoin is kept alive by a small number of people who think bitcoin is much larger than it is. At the moment it is just a beta test of the blockchain tech. Nothing else.
I agree, that they don't always have the best deals, but when I bought The Witcher 3, I was on one of this sites, that compare prices and , as far as I remember, 2 Shops, which accepted Bitcoin, where in the Top 5.
When I did buy things for my raspberry pi, there suddenly was the option to pay with Bitcoin(not mentioned on the main page). When I bought a VPN-connection, I also paid with Bitcoin.
Maybe, you don't see the option to pay with Bitcoin, because you mainly buy from Amazon?