Ninjastic
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Board Economics
Re: Why Bitcoin Is Going to Succeed: The Reason Nobody Is Talking About
by
jdbtracker
on 17/04/2013, 22:33:28 UTC
Quote from: teodor87 on April 15, 2013, 05:04:38 PM
Quote from: abbyd on April 15, 2013, 04:13:12 PM
Quote from: jdbtracker on April 15, 2013, 02:42:22 PM
What if Bitcoin goes far beyond that? What if Bitcoin is an architectural foundation for an evolutionary step in the internet?  What if we have just made a fountain of value in the middle of the digital dessert? Ready to nurture any project that uses it as it's foundation?   No one has ever been paid for doing something like this directly; No one has thought of the bigger picture Smiley The many can become one.

Sure, it's possible. However, I do think people overestimate the ability of money to change the world... it's really about hearts and minds.

Also remember that real wealth can only be extracted from nature by labor. All technology is built on the backs of children mining metals in Africa...

You, as well as millions of others, obviously do not know what technology means.

The term "technology" means a production process. For instance a technology for baking bread. From the way the ingredients are mixed, to the conditions of baking to packaging, etc.

What you mean is technics. You cannot build technology. Fact is that 90% of the people are illiterate and do not realize what they're saying half the time.

Yo are very right, it is the hearts and minds of the people that will perfect Bitcoin, and their is plenty of labour to be extracted from the network, did you know that the world wide market for online transactions is 2.7 trillion? Now imagine Bitcoins technique of distributed p2p labour, the miners labours to safely transfer that money to anywhere in the world... now how do you spread that 2.7 trillion dollars/year? you pay fees, payable to all the miners in the network. Don't you see? the misinformation that is being distributed in the world? Bitcoin is a more frugal choice than all the competition, it is more efficient, more secure, faster(for international transfers)  we gotta get our money! Are people willing to work for 2.7 trillion dollars by believing in the p2p wealth distribution model?


well Teodore you are right, Bitcoin is a Technique for transferring economic value built on Encryption technology