Quote from: twunkle on July 03, 2016, 09:40:20 AM

Quote from: Spoetnik on July 03, 2016, 02:26:39 AM

WHY ARE WE HERE ?
We all came here years ago to support BITCOIN.
Why ?
For the concept of an open source decentralized digital currency.
This needs to replace the FIAT money not be an add-on scheme to FIAT.
If we NEED fiat to buy say ETH tokens then it can NOT be a currency no matter how hard you try.

A digital currency has to REPLACE FIAT !
It can not if you NEED Fiat to get the damn ICO tokens
..use your brain people.
And if you are not making a currency then it's just a straight up Pyramid Scheme !

Other than this kind of magical existence of bitcoin, part of the problem is just that. I doubt many believe that either. Why does it have to to replace fiat? What does that accomplish? Do you really believe it is living up to what it promised? I mean I wish all the best for it and its supporters, that it may go on forever and so on, because there is no direct evidence of it being something evil itself (regardless events in its eco-system). But it is just beliefs and all that just as well. You believe it can structure society in the way fiat does, being one single currency?

Conspiracies aside, part of the reason why there has been a push for replacing fiat is the lack of trust in government bodies. Due example being nation states like Zimbabwe that fuelled inflation and took local economies down to nothing. A more recent example would be brexit where'in the people did make a choice but I don't see why public opinion should affect the value of a local currency. If you really notice, the lack of diligence by nation states in taking their financial decisions have played a major role in pumping Bitcoin. There is an almost direct corelation between Bitcoin price and monetary devaluation.