LOL. Blockchain is AIR. Literally thousands of people have generated their "coin" out of nothing. Doge is the most hilarious example fo all. That a bunch of suckers buy and sell it doesn't change the fact that it's air.
Once you see a limited supply in action youll realize why its the best thing since sliced bread.
A limited supply of air?
The future isn't us sending our children out to pan for gold in order to eat that day.
Yet another horrible attempt at a strawman. That's what I said, we should all go out panning for gold. And when we're all gold panners, who will we get all our food, transportation and housing from since we're all gold panners now and no more farmers and ranchers and auto manufacturers and mechanics and carpenters and plumbers and electricians and gold pan manufacturers and sluice manufacturers and pick axe manufacturers...lol. We're all just gold panners now because there's no other way to generate value. Great argument!
You arguments are invalid.
Great point. How did I not realize this?
If my business of MY LABOUR and my GOODS are backed by crypto, isn't that the exact same thing?
No!!!!!!!!!!!!!!!!!!!!!!!!! Because "crypto" is not backed by ANY THING. The "blockchain" is not a "thing" that represents "value". I can go gen-up a coin on the Ethereum network in under an hour. We'll call it "RealMoneyCoin (RMC). We'll start the supply at a million coins. If I can get my buddy to buy a coin off of me for $100, RMC how has a market cap of $100 Million bucks. All for one hours work. If we can get more suckers into our scheme, we can drive it up to $1000 a coin in no time. Now RMC has a market cap of $1 Billion! All of it still has zero VALUE
Isn't that the ultimate way to raise capital?
You raise capital based on the value of your business, labor, ideas, business plan, etc. A financier must "see value" in your endeavor. That you can convince certain financiers to "see value" based on crypto associated with your business doesn't make it so. You certainly won't find a traditional bank or financier to loan you capital. You'll need to find a "crypto-financier" who buys into the crypto game. A traditional financier will need your balance sheets, ledgers, income statements, tax returns and business plan for growth before they'll lend you a nickel - because they only invest in the VALUE of you and your idea and/or the future potential of the business itself.
Comparing Doge to any other crypto is like comparing Zimbabwe to USD.
How so? Everything is a copy of Bitcoin more or less anyway. Fundamentally they are all the same. All the "proof of" claims are just ways people try to pretend they're different anyway. Surely you're aware of that?
How can a guy or group of guys come up with a new "concept coin", without doing any work other than ruthless marketing, and suddenly they're all multi-millionaires or billionaires with a few short years? What value have these guys really produced for society? Their coin can be here today, gone tomorrow and nobody but the bagholders would even notice. It's all a ponzie scheme by definition. The only way anybody makes any money in the crypto space is that there's a sucker born every minute, willing to part with his hard-earned money hoping he can one day get "something for nothing" due to the suckers that follow him. No suckers, no profit - only loss.
Go back and look at the January - June 2017 window, specifically at the sudden explosion of Tether issuance when Brock Pierce and his ilk unofficially took over the reigns. This was the moment that Bitcoin, and therefore all crypto started to explode. Tether is the "energy" that greased the wheels. It's printed out of thin air and it drives the entire crypto-landscape. It may very well be linked to human trafficking of the worst kind too. Why would anybody want to participate in this?
When the scam is finally revealed, prices will fall back to where they were prior to this era, and probably well below. When it's all said and done, $300/bitcoin will be a perfectly reasonable price. And when it hits here, we can talk about how "libertarian" it once was in the early years. Today, the darkest elements of society are deeply involved in crypto. You can deny it all you want, but that doesn't change the truth. Tether is either "pure air" or it represents the proceeds of illicit and horrific human trafficking. Either way, its anathema to truth, goodness, justice and REAL MONEY!!!.
If BTC has a value of 300$ then clearly it still holds value.
No, it's lost 99% of its present "value" ($30,000 -> $300). From its high of $68K or whatever, it will have lost 99.99% of its value. Thus, Bitcoin is not a STORE OF VALUE by definition.
Even gold and silver can become over priced. Whats the argument?
The precious metals markets are so completely MANIPULATED INTO OBLIVION in order to maintain the lie of fiat currency as to be unrecognizable. Nonetheless, they've never fundamentally lost value to the point where the energy/labor required to mine them is below cost. If it were, everyone would stop mining for them. That the present "value" barely rises above "cost" tells you what levels the manipulators can and still get away with.
In comparison to the amount of fiat that's been printed since 1971, the value of gold today should be in the $100K/ounce range in relation to the paper printed. This doesn't reflect the labor/energy required to mine gold based on fiat numbers, but rather the comparison of the value of gold pre-1971 in relation to the amount of fiat printed. The banksters have stolen the $98K/ounce of value over the past 52 years by also manipulating prices of oil, staple foods, etc.
Ultimately the "price" is meaningless in this discussion. The question is, when the system blows up, which it must, what can you get for an ounce of silver or gold? In Weimar Germany, a man bought an entire block of buildings in downtown Berlin for 3 ounces of gold. The "price" of those buildings was probably 70 kazillion utterly worthless Deutschmarks.
There was a time when an ounce of silver was worth an acre of good farm land in the US, whereas it would have cost many tens of thousands of military script "greenbacks" for the same land. We're in the same spot now. An acre of good farm land will probably run you $20-$50K federal reserve notes. And why is this? The bankster cabal has used the "rising price of real estate" to trick us into believing we're growing wealthy. When in reality, property value should remain static and structures should actually LOSE VALUE over time, just as a car or piece of equipment/machinery does.
So you've got to untangle all these ideas to see the deception. "Price" does not equal "value". "Currency" does not equal "money". But as long as people can't see the difference, the game of deception run by the cabal will continue and greedy people will always be taking advantage of the gullible people.
Coins like RVP are backed by Technology.
Never heard of it. If the "technology" can be sold/bought for the same price as all the circulating coins and all coin-holders are "Owners" of said technology, then you have something of value. If not, you've got yet another a ponzie scheme on your hands.
And it doesn't really matter either way as its now ultimately infected by Tether carwash tokens if it's being traded on crypto exchanges. There's no way around it. Guilt by association.
If RVP is a great technology then they can issue stocks and bonds like any other tech company in the world. Why would they want to be associated with the darkest of dark underbelly's of human slave trading and worse?
LOL. Blockchain is AIR. Literally thousands of people have generated their "coin" out of nothing. Doge is the most hilarious example fo all. That a bunch of suckers buy and sell it doesn't change the fact that it's air.
A limited supply of air?
Yet another horrible attempt at a strawman. That's what I said, we should all go out panning for gold. And when we're all gold panners, who will we get all our food, transportation and housing from since we're all gold panners now and no more farmers and ranchers and auto manufacturers and mechanics and carpenters and plumbers and electricians and gold pan manufacturers and sluice manufacturers and pick axe manufacturers...lol. We're all just gold panners now because there's no other way to generate value. Great argument!
Great point. How did I not realize this?
No!!!!!!!!!!!!!!!!!!!!!!!!! Because "crypto" is not backed by ANY THING. The "blockchain" is not a "thing" that represents "value". I can go gen-up a coin on the Ethereum network in under an hour. We'll call it "RealMoneyCoin (RMC). We'll start the supply at a million coins. If I can get my buddy to buy a coin off of me for $100, RMC how has a market cap of $100 Million bucks. All for one hours work. If we can get more suckers into our scheme, we can drive it up to $1000 a coin in no time. Now RMC has a market cap of $1 Billion! All of it still has zero VALUE
You raise capital based on the value of your business, labor, ideas, business plan, etc. A financier must "see value" in your endeavor. That you can convince certain financiers to "see value" based on crypto associated with your business doesn't make it so. You certainly won't find a traditional bank or financier to loan you capital. You'll need to find a "crypto-financier" who buys into the crypto game. A traditional financier will need your balance sheets, ledgers, income statements, tax returns and business plan for growth before they'll lend you a nickel - because they only invest in the VALUE of you and your idea and/or the future potential of the business itself.
How so? Everything is a copy of Bitcoin more or less anyway. Fundamentally they are all the same. All the "proof of" claims are just ways people try to pretend they're different anyway. Surely you're aware of that?
How can a guy or group of guys come up with a new "concept coin", without doing any work other than ruthless marketing, and suddenly they're all multi-millionaires or billionaires with a few short years? What value have these guys really produced for society? Their coin can be here today, gone tomorrow and nobody but the bagholders would even notice. It's all a ponzie scheme by definition. The only way anybody makes any money in the crypto space is that there's a sucker born every minute, willing to part with his hard-earned money hoping he can one day get "something for nothing" due to the suckers that follow him. No suckers, no profit - only loss.
Go back and look at the January - June 2017 window, specifically at the sudden explosion of Tether issuance when Brock Pierce and his ilk unofficially took over the reigns. This was the moment that Bitcoin, and therefore all crypto started to explode. Tether is the "energy" that greased the wheels. It's printed out of thin air and it drives the entire crypto-landscape. It may very well be linked to human trafficking of the worst kind too. Why would anybody want to participate in this?
When the scam is finally revealed, prices will fall back to where they were prior to this era, and probably well below. When it's all said and done, $300/bitcoin will be a perfectly reasonable price. And when it hits here, we can talk about how "libertarian" it once was in the early years. Today, the darkest elements of society are deeply involved in crypto. You can deny it all you want, but that doesn't change the truth. Tether is either "pure air" or it represents the proceeds of illicit and horrific human trafficking. Either way, its anathema to truth, goodness, justice and REAL MONEY!!!.
No, it's lost 99% of its present "value" ($30,000 -> $300). From its high of $68K or whatever, it will have lost 99.99% of its value. Thus, Bitcoin is not a STORE OF VALUE by definition.
The precious metals markets are so completely MANIPULATED INTO OBLIVION in order to maintain the lie of fiat currency as to be unrecognizable. Nonetheless, they've never fundamentally lost value to the point where the energy/labor required to mine them is below cost. If it were, everyone would stop mining for them. That the present "value" barely rises above "cost" tells you what levels the manipulators can and still get away with.
In comparison to the amount of fiat that's been printed since 1971, the value of gold today should be in the $100K/ounce range in relation to the paper printed. This doesn't reflect the labor/energy required to mine gold based on fiat numbers, but rather the comparison of the value of gold pre-1971 in relation to the amount of fiat printed. The banksters have stolen the $98K/ounce of value over the past 52 years by also manipulating prices of oil, staple foods, etc.
Ultimately the "price" is meaningless in this discussion. The question is, when the system blows up, which it must, what can you get for an ounce of silver or gold? In Weimar Germany, a man bought an entire block of buildings in downtown Berlin for 3 ounces of gold. The "price" of those buildings was probably 70 kazillion utterly worthless Deutschmarks.
There was a time when an ounce of silver was worth an acre of good farm land in the US, whereas it would have cost many tens of thousands of military script "greenbacks" for the same land. We're in the same spot now. An acre of good farm land will probably run you $20-$50K federal reserve notes. And why is this? The bankster cabal has used the "rising price of real estate" to trick us into believing we're growing wealthy. When in reality, property value should remain static and structures should actually LOSE VALUE over time, just as a car or piece of equipment/machinery does.
So you've got to untangle all these ideas to see the deception. "Price" does not equal "value". "Currency" does not equal "money". But as long as people can't see the difference, the game of deception run by the cabal will continue and greedy people will always be taking advantage of the gullible people.
Never heard of it. If the "technology" can be sold/bought for the same price as all the circulating coins and all coin-holders are "Owners" of said technology, then you have something of value. If not, you've got yet another a ponzie scheme on your hands.
And it doesn't really matter either way as its now ultimately infected by Tether carwash tokens if it's being traded on crypto exchanges. There's no way around it. Guilt by association.
If RVP is a great technology then they can issue stocks and bonds like any other tech company in the world. Why would they want to be associated with the darkest of dark underbelly's of human slave trading and worse?