Quote from: r0ach on March 11, 2017, 07:53:56 PM

Quote from: sidhujag on March 09, 2017, 09:41:17 PM

Gold does not top cryptocurrency in any of the bolded properties, its unlimited supply that can be mined at random and thus value becomes random aswell

Lol, yet it's probable bitcoin will have to become inflationary to have any form of convergence, which I think you even agree on, yet you still claim bitcoin is finite. Also, the earth is mostly a closed ecosystem, so gold is relatively finite in that regard. Hence your claim is sort of the inverse of reality. And no, I don't consider asteroid mining making earth an open ecosystem when cost of production is infinitely higher.

And my comment on the bitcoin ETF decision:

Quote from: r0ach on March 11, 2017, 07:24:23 PM

I actually agree with the ETF decision for a few reasons. Bitcoin has no transaction finality or even eventual consistency since technically the entire chain can be re-written, and in order to make any claim of being decentralized (unlike Vitalikcoin), that's the way it has to be designed; so bitcoin does not, and probably never will, fit into any existing legal system.

Its to be seen if a crypto that adjusts based on a gdp type metric is enough to overthrow first to market network effect