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Showing 2 of 2 results by cconnerstelco
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Board Off-topic
Re: What's your idea of heaven?
by
cconnerstelco
on 30/06/2018, 20:26:04 UTC
Literally being God in a another universe. That is my idea of Heaven. I don't like being told what to do and I'd like to think God himself knows that and would let me have my own little heaven. Even if that meant just uploading my consciousness into some machine and I don't have any real power. Thus not competing or anything like that. I just want to be able to do whatever I want whenever I want. Maybe that's just my own sin clouding my mind and God knows that and the heaven as depicted in the Christian bible is actually the ideal. I don't know and maybe I'll never know until I'm dead.
Post
Topic
Board Economics
Re: What is bitcoin backed by?
by
cconnerstelco
on 29/06/2018, 00:55:25 UTC
People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.  Cool

Thats the point. Its backed by people. My usual retort is what is the USD backed by? They say the government and my response is "what is the governemnt backed by? The obvious answer is people. So in reality bitcoin and world currencies really are the same. If USD was still backed by the gold standard then all the haters would have a valid point. But that was always cryptos point, I can invent a currency and pay you in it, if you take it, it has value. The simple act of me paying you in that currency that was invented by a random person means that all currencies derive their value from people and therefore the entire system of monetary value is just one big joke.