Quote from: Coinminer11 on October 30, 2015, 02:22:39 PM

Quote from: StevenLiang on October 30, 2015, 07:12:27 AM

Quote from: RealBitcoin on October 30, 2015, 01:50:47 AM

Quote from: zimmah on October 29, 2015, 10:24:22 PM

Quote from: OROBTC on October 29, 2015, 09:24:01 PM

...

Venezuela apparently has been selling a big part of its gold stash (which is a pretty large 370 tonnes, or was...):

http://www.zerohedge.com/news/2015-10-29/venezuela-sells-billions-gold-repay-its-debt

They will have to sell more before too long, or else they will be unable to borrow.

Note that the New York banksters are perfectly OK with receiving gold as "money"!

gold is more true money than fiat currency.

fiat currency isn't money at all in fact.

Gold isnt money either, because it's hard to divide and it has fungibility problems due to forgery.

Bitcoin is the only money around that is both limited, representative of value, and the biggest / safest one out there.

Fiat currency is just a bank note which is = promises that cant be fulfilled.

All of them (fiat money, gold, dollar, yuan and other currencies) are used for trade stuff.
Flash back, i really salute with satoshi nakamoto who can turn their "digital stuff" into real money. (Satoshi Nakamoto is a group name, not only stand for 1 people)

Will come many altcoin too in future.
And when that happen.. Population of bitcoin users will reduced up to 40%

40% Bitcoin and 60% Altcoin.

I can sorta see what I think he means. Lets say hypothetically bitcoin was more "centralized" by huge mining corps and banks and it wasnt feasable to home mine alts could likely take a turn for the better and become more popular. I'm not saying this is what will happen just my thoughts. The beauty of cryptocurrencies is that anyone can create their own unique or cloned coin and if someone can bring value and utility/fungibility to their own coin it becomes a currency of value to whomever finds value in it. Bitcoin is awesome but some might have reasons for an alt as their choice of coin. All in all yes a very high percentage of alts are just pump and dump coins, but within the rubbish there are always little gems. In my mind I cannot see bitcoin without alts or the other way around.

I cannot see bitcoin without alts or the other way around. And this is same with my thinking, in future there are will many new alts, and bitcoin users, probably will use alts too.

40% of all bitcoin users around the world will hold bitcoin and the other 60% will hold alts. Sorry for my bad post.