The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.
I know the first couple pages of this thread are awesome. I definitely didn't think it'd be this high but I definitely thought it'd be up to $5000. The reason why it's going this high and why this isn't a bubble is because bitcoin is basically solving the biggest problem in the history of the United States: a solution to the centralized banking system. This problem has been magnified in the past 100 years as money has started to become more and more abstract and electronic and peoples entire lives can be destroyed simply by swiping their card at a cash register, businesses can be destroyed simply by not having an emphasis on online security, and people having to pay to get their money, wait to get their money, and pay to wait to get their money.
I just hope that when cryptos do take over from government backed fiats that core developers use transaction fees for roads and infrastructure.
I found the first couple of pages of this thread interesting as well, Will Bitcoin Hit One Million Dollars and I say yes because of the many decibel places available. What many dont seem to understand is that Bitcoin solves a very old math problem that has not been solved until recently, and by solving this math problem it changes peoples perspectives and what money is and how money should or should-not function. When money begins to function differently in society it changes the very nature of how society currently functions
And what problem is that?
Are you sure that Bitcoin really solves some math problem provided there is any in the first place? Regarding your other points, I don't really think that Bitcoin is anywhere close to eating away the value of fiat currencies (if that was your point). It is used as a vehicle for speculation mostly, and yeah, that's true, but so are many other financial assets like, say, stocks. But we don't have to say that they are eating away at the value of the money that these stocks are bought with. So what's your point? I'm not dealing here with the "libertarian and anti-government" stuff you talk about since it looks more like a stretch of imagination on your part than a reality (at least, as of yet)
the math problem is how can i make purchases without all of my personal infomation being sold to advertisers or the chinese
The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.
I know the first couple pages of this thread are awesome. I definitely didn't think it'd be this high but I definitely thought it'd be up to $5000. The reason why it's going this high and why this isn't a bubble is because bitcoin is basically solving the biggest problem in the history of the United States: a solution to the centralized banking system. This problem has been magnified in the past 100 years as money has started to become more and more abstract and electronic and peoples entire lives can be destroyed simply by swiping their card at a cash register, businesses can be destroyed simply by not having an emphasis on online security, and people having to pay to get their money, wait to get their money, and pay to wait to get their money.
I just hope that when cryptos do take over from government backed fiats that core developers use transaction fees for roads and infrastructure.
Post
Topic
BoardEconomics
Re: The $1 Million Dollar Bitcoin
by
paradoxlost
on 21/11/2017, 01:45:54 UTC
The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.
Post
Topic
BoardTrading Discussion
Re: Better investement right now, bitcoins or Altcoins.
by
paradoxlost
on 20/11/2017, 03:37:45 UTC
I just bought 300 eos at the end of october when they were at 80 cents per. Now its at 2.04$. I think they have a few good solutions to some problems, and have enormous investment into it in multiple areas of development.