Mark Cuban on cryptos

[gkishot]

Instead of dealing with what Cuban said, you tried to undermine his credibility. Argue against his opinion, what was: BTC's value is based purely on supply and demand.

Undermining credibility is what the lawyers do in a court room all the time as part of their argument. Will get you A in a law school.

 

[Cuddles]

There is a huge difference in that physical things are just that physical , they are finite , in a sense crypto's are potentially infinite in number , you get the weird feeling they could be worth millions in the future , or just about nothing at all , if you do a deal in crypto's it doesn't matter if you buy and sell a million to complete the deal or just one , all that matters is the $value and that seems very arbitrary.

Technically, there's a finite number of Bitcoin... Until someone figures out how to make counterfeits. Sure there are plenty of clones and Bitcoin-like, but fools gold is not gold, zirconia is no diamond, and a counterfeit Degas is no Degas.

 

[henry76]

Yeh but the $ value of a bitcoin is more about the % of bitcoin you own rather than the actual price, so in theory you could divide bitcoin into a million smaller bitcoins and you should have same $value for % but the price for one would now be a millionth ( but of course you would own a million , so in a sense the quanity of bitcoin is like any commodity in the sense you could buy tiny tiny amounts almost infinitely small amounts, which means the actual figure size of bitcoin is sort of arbitrary, it's the percentage of the whole of bitcoin you own that matters, though there maybe some psychological affects .