Quote from: Flodner on December 26, 2017, 09:55:59 PM

Funny that Karbonator appeared here again)
He desperately needs attention, and basically the latest post looks like copy-pasted from previous posts
But no, it's just another post very similar)
So any luck with getting Karbo? ))

my friend Flodner ... you and the promotion - you both are married? lol

issnt it the same old song you are yelling? promotion promotion promotion - you cold make a youtube video about electronic units that are no legal tender which can be transfered from one person to another person.

but I for me just can tell you I will not sell any single unit of legal tender to buy a digital unit which only advantage is its limited supply and its ability to get transfered only once from one person to another person, regardless what the name of this unit is. thats a fact. I mined very little Karbos - just out of curiosity. The Plus with Karbo is, you can easiely mine via the wallet with almost no knowlegde about cryptomining. So it is quite comfortable for me to mine some Karbos.

But I am with Damie Dimon - i cannot see any value in this kind of cryptothing. The only thing I am keen on are the huge profits which were made by mining and holding or buying these units. but do not ask me why I should buy it. really, i mean honestly - its a quite interesting technique which was challenging to learn but I only did it because of the wondrously hike of bitcoin prices and all the other so called "coins".

but if you leave the limited supply, this system is at the most a system to transfer (very volatile) value and is depending on paid prices. its not very reliable. its cost-intensive now due to high cost of transmission. its prone to hackers if you leave your digital units on an exchange. it has the risk to forget the passport or the file where you have put the units. not to mention if you are dying and did not leave a passport so someone else - so its not inheritable. its prone to government bans. its very unhandy for usual people. as a currency it makes no sense because of the fixed supply of digital units.

all in all - yes, the rise of prices are respectable if you ask me but if you leave the greed for more profits aside I would have no real reason to buy Karbo or whatever the coin is named like. its just a pure speculation to find another buyer to sell this units who thinks in turn buys the units for the same reason.

so yes - the tulip mania is the best approach to describe this bitcoin phenomenon.

and now the bubble is obviously bursting. I have worked too hard for my money to use it for speculation. I rather would buy a stock or gold. that at least makes sense. blockchain or tangle or other techniques could one day be used to transfer LEGAL TENDER - yes - but hell - not some wild mined digital units by private persons. of course you cannot prohibit speculation (except chinese government) so you let people speculate UNTIL they found out that the king is wearing no clothes.

I for myself let the hedge funds or whoever is buying bitcoin & co buy this things and Damie Dimon is right ... I should not care who bitcoin and co trades, why it trades and how you can trade it. I am not stupid enough to trade it and pay the price of this speculation one day.

Damie Dimon is right. here the link to the interview again. its so remarkable thats why I am posting it again. hope you do not find it annoying.

youtu.be/40OuVyVGdIM

if a coin should have success its supply MUST be bound to economic variables. it must be flexible and not fixed before the mining of the coin. you should do with it what you can usually do with common legal tender ... paying taxes and taking out a loan.

if a cryptocurrency cannot do that it will fail. the real value is ZERO.

you can buy Karbo as much as you want. I dont care.

I have seen so many bubbles and this bitcoin price chart is definitively a bubble which is right now bursting.

if people have been crazy enough to buy rare tulips for the price of a house why not a digital asset with limited supply? people are dumb. you have to accept that. and you cannot save them for making mistakes in most cases. bitcoin should be outlawed like Stiglitz told it here:

youtu.be/fy16eIEux7U

he is right - bitcoin and co. does not serve any social useful function. thats a little bit bitter for one or another of you but it seems to be the truth.

so - I wish you fun while speculating with Karbo and I hope you will find news buyers who are willing to pay more than you did while mining or buying Karbo.

after mania comes the law of gravity into play Wink

what goes up must come down. and it will come down - just a matter of time.