Post
Topic
Board Bitcoin Discussion
Re: Official Lamborghini for bitcoin thread!
by
kkaspar
on 25/12/2013, 00:48:26 UTC
The point of buying the car was to show that it can be done. Also to counter people like greenspan saying btc lacked intrensic value.

Yes i could have bought something else but now the whole world knows you can buy real goods with btc.

I'm sorry that I came back, but I was just too tempted to point out that buying a car doesn't prove BTC intrinsic value.  The working time spent on creating the BTC core software, creating the mining hardware, creating the support services, electricity used, demand of product etc. prove that BTC  has calculable intrinsic value. Buying a car only shows that BTC has value, without pointing out if the value is intrinsic or speculative. And that was already proven when first bitcoins were sold with couple of cents per coin. And it is still proven by exchanges that trade bitcoins for a certain price.
My problem was not with your car and I also like exotic pieces of machinery. I was just pointing out that maybe it isn't useful to create certain type of first-impressions. When the bitcoin market will be flooded with people who are vulnerable to these types of marketing techniques, then the outcome isn't pretty. These people are unstable and vulnerable to all kinds of simple types manipulations and bitcoin is not ready for that. Bitcoin needs more serious people who are able to be supportive to the entire evolutionary process. And these types of marketing techniques will make BTC unattractive to serious and ethical people without who BTC will not survive.
I see bitcoin as a step in monetary evolution, so it hurts me to see it treated like a standard pyramid scheme.

I'll try not to respond again, because I see that my observation aggravates people here. But I hope that you'll think about my line of thought.

Take care and drive safe Smiley