Quote from: p i e c e on January 02, 2018, 09:08:46 AM

Quote from: DayRider on December 30, 2017, 07:01:08 PM

Exposing crypto currencies as ponzi schemes and showing that they never had nor ever will have anything to do with money is an incredibly easy task to do. All one needs to do is to look at one simple concept -the concept of number. A number is defined as a mathematical object used to count, measure, or label things. Now, given this concept let us ask one simple question: What 'thing', is measured, counted, or labeled, with the number called bitcoin?
.... the rest you can watch in this short Youtube video:
https://youtu.be/gcNngl8fCUY

This thread is really must be banned. There is no sense in authors words. Bitcoin will become the full-right currency with the time. The process of this is inevitable. Well see by our own eyes.

This is as nonsensical as saying: with time, a picture of a car in digital form will become a road vehicle with four wheels, powered by an internal combustion engine and able to carry people. Well... it won't. You can pay $1,000,000 or even $100,000,000 for a picture of a car but this won't make it a car. Likewise, you can pay $100,000,000 for a number in digital form(bitcoin) but this won't make it a currency. Currency is money of a particular country which originated from loan contracts. As such it grants its holder the legal right to tangible goods and services of people who have loans and is backed by enforceable loan contracts and collateral(or bank's assets in the case of unsecured loans). On the other hand, number in your bitcoin wallet is an abstract mathematical object that is completely useless. It is nonsensical to compare this two instances or believing that a number in digital form can become legally enforceable instrument just because this number is modified when people give their goods, services or money to someone.