Quote from: Dakustaking76 on January 14, 2018, 10:49:53 AM

Quote from: realr0ach on January 14, 2018, 09:25:05 AM

Quote from: Dakustaking76 on January 14, 2018, 09:17:04 AM

Quote from: realr0ach on January 14, 2018, 09:07:21 AM

Quote from: Wekkel on January 14, 2018, 08:20:09 AM

Just to add to the eternal 'what is money' debate:

Quote

Money is anything that is commonly recognized as a medium of exchange and store of value. Most societies used seashells, rocks, severed skulls or metals. China invented paper money during Tang dynasty and with fits and starts, it gradually became the standard. Fiat money cant be consumed and neither can it be used in production. Hence currencies do not have intrinsic value but rather trade on perception of value. As discussed (here), unlike fiat currencies, cryptos are more difficult to inflate, cost money & time to produce and are built around mathematics rather than fraud or politics. Hence, they already reflect the essence of money better than existing money. However, we are still closer to the 1900s than 1920s. There are serious challenges (e.g. depth, acceptance, custody etc). But cryptos & blockchain are the future

Source: https://www.zerohedge.com/news/2018-01-11/henry-ford-dotcom-bitcoins

Complete bullshit definition. It's just some Tyler on ZH talking his book. He used the definition of CURRENCY as the definition of MONEY. Dog shit can be used as currency. Money has mandatory, required traits like fungibility. That Tyler is a scammer. He also ended his post with "but cryptos and blockchain are the future". Just like how every mindless baboon scammer on this forum repeats the same cut and paste phrase "blockchain is the future", "ethereum is the future", "ripple is the future".

Bitcoin is a currency, not money. That's why it's called "cryptocurrency", you apes. Cryptocurrencies are designed to centralize, permissioned ledger, non-fungible, Rube Goldberg machine currencies. They sure as fuck aren't money. As if something based on artificial scarcity could be money. You do know scarcity is also a required trait of money, right? And no, scarcity does not mean "artificial scarcity" where some Russian jackass named Vitalik instantly creates a billion scamcoins in his basement by snapping his fingers, and can do the same thing again 5 seconds later. That does not qualify as scarcity. Neither does bitcoin. Artificial scarcity is not scarcity.

Silver and gold are money. Bitcoin is a currency just like US dollars and airline miles. Have you noticed the common denominator of currencies yet? They're generally all based on artificial scarcity.

Ughl roach cant u Just go away
n44b
Only complaining about bitcoin, Just buy it man while it still can...!

Stop trying to scam people and claim garbage based on artificial scarcity is "money". From my example above, any idiot can tell that if Buttalik Butterin can snap his fingers and create a billion scamcoins in his basement then do it again 5 seconds later that is neither scarcity nor money. It qualifies as a currency only because almost anything can qualify as a currency, but it damn sure does not qualify as money.

Oke explain us what are you doing here if your against bitcoin???

But give us a good explain, Why?

it's what happens when you sell 500 btc for $230 BUTTHURT