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Showing 9 of 9 results by Tumoko Sakate
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What you say has a point but it is not 100pct true.
Fiat even though is not fully backed by gold but it is at least determined by the strength of the economy, military to certain extent, availability of natural resources etc...of the issuing country based on iou trust
Bitcoin although is not backed by anything but it gets its value based on acceptance. .. the acceptance by the community who believes in its protocol and decentralization concept..
Based on these factors it creates demand... and the demand assigns it a value, something which the other party will agree on in exchange for products, services, etc and that's how it goes
Fiat even though is not fully backed by gold but it is at least determined by the strength of the economy, military to certain extent, availability of natural resources etc...of the issuing country based on iou trust
Bitcoin although is not backed by anything but it gets its value based on acceptance. .. the acceptance by the community who believes in its protocol and decentralization concept..
Based on these factors it creates demand... and the demand assigns it a value, something which the other party will agree on in exchange for products, services, etc and that's how it goes
exactly..we are on the same path.. value of acceptance the demand is what gives its value...
It seems like BTC was a clever social experiment. fuck it Lets all make our own monopoly money..
I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"
Sorry, but you obviously understand nothing. You should read more before posting such nonsense.
Bitcoin is no company. It's a protocol, a software, and a currency.
ya.ya.yo!
not nonsense...I think you are delusional.
keep dreaming. If you own any BTC you need real money to give its value..No one will accept your btc if they are not backed up by a true value.
Trade among your selves and see how it will benefit your wallets. YOu are certainly delusional
Lol so who is benefiting from it? obviously not the person that buys this "currency"
1btc (made up money) = $383 (real money)
1btc (made up money) = $383 (real money)
What makes you think that the Dollar isn't made up money? Educate yourself about the origins of money then you'll understand.
All money derives its value from the shared consensus among people that it has value - it's belief, nothing more.
I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"
as much as you will try to explain it doenst take much to understand
what was created
who created
why was created
-------------------------------------------------
you just mentioned it
Quote
What makes you think that the Dollar isn't made up money? Educate yourself about the origins of money then you'll understand.
what i dont understand is that Bitcoin was created to elimite the control of money that banks have which is a "good Idea...."
But... what is the difference between Bitcoin webmoney, Paypal and other exchangers?
where does this Currency gets its value? why do we still need Money to get them? Because of the high demand??
and talk about Pyramid: who is on top of this Bitcoin money chain?
Bitcoin encrypted value
Lol so who is benefiting from it? obviously not the person that buys this "currency"
1btc (made up money) = $383 (real money)
So why invest your hard earned real money into something like BTC?
because it will never lose value (the demand value) ?
if this is the way to go; anyone can create an agreement a digital currency and use this currency among people you know hmmm. thats the way every bank note started.. lol..
But... what is the difference between Bitcoin webmoney, Paypal and other exchangers?
where does this Currency gets its value? why do we still need Money to get them? Because of the high demand??
and talk about Pyramid: who is on top of this Bitcoin money chain?
Bitcoin encrypted value
Lol so who is benefiting from it? obviously not the person that buys this "currency"
1btc (made up money) = $383 (real money)
So why invest your hard earned real money into something like BTC?
because it will never lose value (the demand value) ?
if this is the way to go; anyone can create an agreement a digital currency and use this currency among people you know hmmm. thats the way every bank note started.. lol..