Feeling Relax! After Altcoin Recovery

johnarb said:
I'm not trying to convince you of bitcoin, but it is backed by the highest amount of computational power in the world. Just a question (which I'm borrowing from somewhere):

If you were creating a digital global currency, one that would be trusted by everyone, what would you possibly back it with?

vires in numeris
More...
This has been beaten to death. Now that the speculative bubble has shown cracks the BTC heads are trying to rational its existence.

There is no magic...a currency needs to meet a number of criteria, being a relatively stable store of value is one. BTC is not.

There very well may be one down the road but I am not smart enough to pick which one. So my investments are in the technology not a specific coin.
 
sss12 said:
This has been beaten to death. Now that the speculative bubble has shown cracks the BTC heads are trying to rational its existence.

There is no magic...a currency needs to meet a number of criteria, being a relatively stable store of value is one. BTC is not.

There very well may be one down the road but I am not smart enough to pick which one. So my investments are in the technology not a specific coin.
More...

I was just asking a question, you could have said gold or something else. Don't worry about the short term value of btc, too much. It's done this many times in the past.
 
johnarb said:
I'm not trying to convince you of bitcoin, but it is backed by the highest amount of computational power in the world.
More...

Ink and paper (aka law) beats computational power.

But since you asked I would back my crypto with nuclear power. Ah, screw the power, just with nukes. :)
 
Pekelo said:
Ink and paper (aka law) beats computational power.

But since you asked I would back my crypto with nuclear power. Ah, screw the power, just with nukes. :)
More...

That's good, Pekelo. It's called the $ and it is widely accepted, unfortunately, as a form of digital currency, the $ does not work well on the internet.

The missing part is the trust as any other form of payment outside of cryptos need to go through a centralized institution and the transaction can be reversed. There is also the problem of the manipulation of supply. The decentralized nature of cryptos gives it huge advantages which in turn result in being the accepted global digital currency.
 
S.coastapps said:
Hey....guys

Today there are two good news the first is that "
OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says (according to cointelegraph news)

Second is that Most of the Altcoins recover it's last positions slowly.

So I think most of the investors feeling relax today. What do you think?
More...
how is the recovery going ?
 
The USD, AUS, Yen, Pound, Euro really seem to be holding their own today.

Cryptos are going to dilute the shit out of themselves. If it were just BTC and a few others maybe itd work, but theres 1400 worthless coins and its only going to get worse. Good concept gone bad
 
You must log in or register to reply here.
Back
Top