Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread
by
HunterMinerCrafter
on 03/11/2014, 08:12:45 UTC
You either get my point and agree, or get my point and disagree. The bottom line is if the btc gonna cost 1000$ next year then I could buy X3 times the amount of process power / service on Zennet than I am now with the same btc.

I "get" your point, but I neither agree nor disagree because your point doesn't even apply to the question, here.

Of course no one stops you from investing your dollars and I didn't say it is a bad idea, what I said is that spending btc now could cost you in the long term..

Or BTC "could" crash back to $100 in which case spending btc now could save you in the long term.  My crystal ball is on the fritz, so I can't say for sure which of us is right on this point.

It doesn't matter, though....

Again, the USD value of BTC doesn't actually even factor into the consideration.  The concern is not what BTC does relative to USD, but what BTC and ZEN do relative to EACH OTHER.  Nothing more.

Fiat money only comes into the picture if our intended trade somehow involves an exchange of it.  Buying ZEN with BTC has nothing at all to do with USD or anything else at all but ZEN and BTC.

You didn't answer the question!  If fiat currency never existed at all does your reasoning still hold?

The price of milk in Ireland says nothing about the rationality of a decision to trade Btc for Zen.  By your logic if I think that the price of milk in Ireland is going to go down then spending BTC for ZEN could cost me in the long run, because the value of BTC relative to the value of milk in Ireland will go up.

This is obviously absurd.

Why should it be any less absurd if we replace "milk in Ireland" with USD?