Quote from: HELP.org on December 10, 2013, 01:24:41 AM

Quote from: porc on December 10, 2013, 12:47:35 AM

Quote from: Sabi on December 10, 2013, 12:33:54 AM

You are willing to give up your water for BitCoin? Wow! Just flushed a couple of times for free... Send me your BC.

Well I cant even flush bitcoin down the toilet. So I give you water that you can drink and flush down the toilet.

You give me a Bitcoin which is a fancy word for nothing.

def Bitcoin: Nothing that I can transfer at a cost.

Correct. When you think about it the same thing applies to all forms of money since humans started using money. Once you realize that most of the objections to Bitcoin disappear.

I have refuted this statement about 20 times in 3 different threads (bitcoiners always bring it up).

Golds value: it being pretty to look at, I can touch it and like the feel of it, it has a warm shine.

Bitcoins value: nothing

Dollars value (gold standard): the paper only has no value for itself. Its value is derived by the gold backing it. Gold has value as explained above.

Dollars value (fiat): no value. we accept it because government forces us to use it.

Bitcoin is worse than fiat, as it is nothing and nobody guarantees me that nothing will be exchanged for something like the US government does with paper dollars.