Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread
by
NILIcoin
on 03/11/2014, 09:18:51 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?

The main reason to buy Zen with your BTC is to diversify your investment portfolio. holding everything in bitcoins is just stupid in terms of every investment model.
 
Now the question is why Zen and not Darkcoin or a share of google.
The choice to invest in crypto is a combination of risk factor and  belief in the crypto  decentralized social/economic revolution.

Short sighted people would say that involving "moral" standards in an investment is stupid, well it is just like any risk factor. When looking at the big picture, I would do much better for my children's future investing in improving a system that will guarantee a better chance for them to buy a home, than to investing in making enough money that will be able to buy them a home 20 years from now.

But since we are a short sighted creature and more so since we haven't been able to device an economic system that incentives in the short term, the long term goals like nature do,  I will focus on the short term benefit of investing in zen coin.

Zen coin s a product, not merely a coin. it is the key to a contract between someone who have computing power and someone who need computing power. It is a powerful key for something almost every person in the civilized world can use, and it is a product no one has created before.

If  diversify your BTC  investments is the thing then Zent  would be that thing. It is the first crypto-product that is reaching the heights of bitcoin. It offers a decentralized revolution to one of the most important resource of our time. Computation.