Re:Scammers Using Fake News to Screw with Bitcoin Investors
by ggg9990 on Monday January 22, 2018 @11:14AM
(#16205478)
Gold is more valuable than cryptocurrency because 1) for a “by acclamation” store of value, the thousands of years and billions of people who recognize gold as an asset is a big advantage, and 2) you can’t make “forks” of gold unlike Bitcoin Cash, Dogecoin, etc.
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Re:Scammers Using Fake News to Screw with Bitcoin Investors
by andrewla on Monday January 22, 2018 @12:54PM
(#16206339)
What's funny about this comment is that literally every extent currency in the world is a fork of gold.
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by vkou on Monday January 22, 2018 @02:05PM
(#16206963)
Yes, but unlike Dogecoin, those currencies have an army, a navy, and a tax collection office to give them value.
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by Casseres on Monday January 22, 2018 @06:35PM
(#16209226)
I read a comment on Reddit where some people were speculating about the future of their coin. (This is a coin with "masternodes" that vote on how to spend a discretionary mining tax.) They speculated that one day they might vote to hire mercenaries to protect the coin's value.
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by vkou on Monday January 22, 2018 @07:07PM
(#16209488)
At the point that you need to hire mercenaries to protect your coin's value, why not just use them to rob people, or extort protection payments?
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by Casseres on Monday January 22, 2018 @09:22PM
(#16210381)
I don't know, and I'm not sure how mercenaries would affect the coin's value, but the thought is scary, and it offers a potential counterpoint to the comment about coins not having militaries giving them value.
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by nerfhammer on Monday January 22, 2018 @06:23PM
(#16209126)
FWIW, China was on silver
Re:Scammers Using Fake News to Screw with Bitcoin Investors
by kylell on Monday January 22, 2018 @11:57AM
(#16205859)
if you fork bitcoin you don't make more bitcoin, a forked bitcoin coin isn't exchangeable with the original, bitcoin value is in the community who reconize it as an asset, how you say, people recognize gold as an asset. Except history bitcoin has many other advantages to gold, and history is not that huge argument, times change.