Quote from: Lopumbo on September 15, 2017, 06:47:34 AM

Quote from: Arriemoller on September 15, 2017, 06:29:51 AM

And that tells me you haven't taken economics 101.
How, prey tell, is a price determined?

Nothing is determined. You can have my morning turd...its unique and supply is limited to one.
Its price only depends on the amount of turd collectors. Same with bitcoin. As long as you find always new believers the rocket will fly.
A healthy economy needs some amount of inflation. Why should I buy something if my currency is more worth tomorrow. Yes I know this argument has a beard but enlighten me.

Quote from: Killerpotleaf on September 15, 2017, 06:31:20 AM

there is far better tech that will provide complete anonymity, and this tech can and will be added on top of bitcoin. ( third layer?? ahaha!)
right now things like Ether and Monero, bcash, they have an edge, somthing that adds utility and sets them apart.
but sooner then you realize, bitcoin will have better solutions then anyone of these altcoins... and then what are these altcoin worth? not a fucking thing....

Sure, "Bitcoin" has its name on it. This is a huge advantage and the fact that altcoins are currently traded with regard to its worth in Bitcoin as a base currency. That might fade. We'll see.

"Nothing is determined" yes it is, by supply and demand. if nobody wants to buy your turd the price is zero, as determined by the lack of demand.
And if you want to know how an economy without inflationary currency works, then study the Austrian school of economics, again, it's obvious that you know very little to nothing about economics.