Bitcoin has Zero Value & Holds Zero BackUp: Is It Really ...

Can Bitcoin Hold Value Better Than Gold?

Can Bitcoin Hold Value Better Than Gold? submitted by Crypto_Daily to CryptoCurrencies [link] [comments]

Can Bitcoin Hold Value Better Than Gold?

Can Bitcoin Hold Value Better Than Gold? submitted by Crypto_Daily to Crypto_Daily [link] [comments]

Can Bitcoin Hold Value Better Than Gold?

Can Bitcoin Hold Value Better Than Gold? submitted by cryptoallbot1 to cryptoall [link] [comments]

Can Bitcoin Hold Value Better Than Gold?

Can Bitcoin Hold Value Better Than Gold? submitted by Crypto_Daily to Crypto_Daily [link] [comments]

Can Bitcoin Hold Value Better Than Gold?

Can Bitcoin Hold Value Better Than Gold? submitted by Crypto_Daily to CryptoCurrencies [link] [comments]

Please, don't forget why Bitcoins hold value...

Guys, I think a lot of people are overlooking something that should be screamingly obvious:
Bitcoins are worth "money" because they can be used to buy drugs, weapons, other illicit items, and be used for gambling. For literally anything else, you can use USD just fine.
If there was a way to use USD (safely) on these markets, then we wouldn't even be talking about Bitcoin. The only way for Bitcoin to be actually worth $100/coin is if there is literally a shortage of coins for the amount of people who want to buy black market goods -- this will never happen, especially since each of the 21M possible coins can be split up into 1M pieces of their own...
The only reason Bitcoin ever saw this high value was because other people who didn't know what they were dealing with were willing to pay that much for something that looked like to them could make more money by becoming more valuable, when in reality, the value was always pretty consistent and only got driven up because of investors.
Anyway, I think a lot more people have been realizing this and are just calling it quits on their investment. Bitcoin is a GOOD, SOLID black market tool; the only thing it needs to work is AN exchange rate... we could literally call it 1BTC = 1USD and the Bitcoin economy would be fine for decades to come (unless of course it became a hard for 1 person to acquire 500 BTC even if they had 500 USD, that's when the INTRINSIC VALUE of it would go up, i.e., we would need to say 1BTC = 10USD because people can't even GET 500 BTC even if they wanted to /could afford to)
NOM SAYIN???
submitted by mkalajian to Bitcoin [link] [comments]

Looking for testers for a mobile app that tracks your Bitcoin holdings value across multiple exchanges and shows your daily balance progress (auto-sync by linking exchange, no manual entries)

Looking for testers for a mobile app that tracks your Bitcoin holdings value across multiple exchanges and shows your daily balance progress (auto-sync by linking exchange, no manual entries) submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Why is bitcoin holding value?

Why do you guys think bitcoin is holding value so well lately?
submitted by Smorgisborg99 to Bitcoin [link] [comments]

Why is bitcoin holding value? /r/Bitcoin

Why is bitcoin holding value? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A question about wealth inequality in a bitcoin standard world.

We know today that there are (many?) people with vast sums of bitcoin. Some are public figures like the Winklevoss twins and Chamath, others are anonymous.
These folks in the upper echelons command a wealth of no less than several hundreds of thousands of bitcoin, each.
To be clear, I applaud them for seeing the opportunity early on, seizing it, and hodling.
But the question that sticks out to me, is this “healthy”? What do you think will be the pros and cons of this consequence? I understand that with a Pareto curve there must be wealth inequality, and I accept inequality for what it is. However, let’s assume that bitcoin becomes the world reserve currency in however many years and 1 single bitcoin holds value between 1 million to 10 million USD in equivalence to today’s purchasing power... is it insane that so much wealth is held by so few people?
It would make Bezos, Buffet, and Gates look like real small fries in comparison.
submitted by SpockSays to Bitcoin [link] [comments]

[ Bitcoin ] A question about wealth inequality in a bitcoin standard world.

Topic originally posted in Bitcoin by SpockSays [link]
We know today that there are (many?) people with vast sums of bitcoin. Some are public figures like the Winklevoss twins and Chamath, others are anonymous.
These folks in the upper echelons command a wealth of no less than several hundreds of thousands of bitcoin, each.
To be clear, I applaud them for seeing the opportunity early on, seizing it, and hodling.
But the question that sticks out to me, is this “healthy”? What do you think will be the pros and cons of this consequence? I understand that with a Pareto curve there must be wealth inequality, and I accept inequality for what it is. However, let’s assume that bitcoin becomes the world reserve currency in however many years and 1 single bitcoin holds value between 1 million to 10 million USD in equivalence to today’s purchasing power... is it insane that so much wealth is held by so few people?
It would make Bezos, Buffet, and Gates look like real small fries in comparison.
SpockSays your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Will bitcoin hold its value as an asset used for preservation of wealth even if another alt-coin becomes the main coin used in real world transactions?

Bitcoin has a low 20 million coin cap, which should mean that it will increase in value over time as scarcity increases. However, Bitcoins transaction speeds are much slower than other coins such as Ethereum or Cardano, which makes it less attractive for real world exchanging of goods and services. Do you think in a scenario where, for example, Ethereum became the choice crypto accepted as payment, Bitcoin could still function as a store of wealth like gold? What do you see as Bitcoins main use in the Future?
submitted by jddryan94 to Bitcoin [link] [comments]

Hi, would like to buy a Ledger S. I have read some reviews on Amazon saying they are disappointed as it only holds 3 coins. Can I ask what does this mean? It only holds 3 different TYPES of coins at once? Or it means for example, you can only hold a total value of 3 bitcoins?

Will buy a hardware wallet very soon so the faster you can respond the better. Thanks!
submitted by Reddit_of_Dan to ledgerwallet [link] [comments]

Markaccy is A project designed to give people economic support and financial goals, a new way to increase and gain value by holding onto this project's tokens. @Markaccy #markaccy #MKCY #defi #bitcoin #ethereum #crypto #cryptocurrency

submitted by MasuddRanaa500 to IcoInvestor [link] [comments]

DeFi for Bitcoin on RSK is expanding. Find out more IOVLabs CEO Diego G. Zaldivar on the current state of Bitcoin DeFi, and how RSK and RIF are creating a complete financial system that holds true to the same values of openness and neutrality as Bitcoin

submitted by Maritu_ to rootstock [link] [comments]

Will bitcoin hold its value as an asset used for preservation of wealth even if another alt-coin becomes the main coin used in real world transactions? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Ray Dalio: “Pay attention to the value of money. What is the store hold of wealth. (…) We will be in an environment where that will be a very important issue.” (20m00) - Buy Bitcoin!

Ray Dalio: “Pay attention to the value of money. What is the store hold of wealth. (…) We will be in an environment where that will be a very important issue.” (20m00) - Buy Bitcoin! submitted by myquidproquo to Bitcoin [link] [comments]

Everyone (particularly BTC fans) should read and reread this until they understand what problem Bitcoin was created to solve, and how it solved the problem. Even if you don't understand the technical details, every token owner should understand the basic value proposition of the token they hold.

This was spurred by a recent conversation with a BTC maximalist who obviously hasn't read the white paper and wasn't even aware it contained a description of the "problem statement" that Bitcoin was intended to solve.
I encourage someone who still has posting privileges in rbitcoin to post the following text there along with the emphasis so that it can reach more BTC holders.
emphasis mine

INTRODUCTION

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.

TRANSACTIONS

We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank.
We need a way for the payee to know that the previous owners did not sign any earlier transactions. For our purposes, the earliest transaction is the one that counts, so we don't care about later attempts to double-spend. The only way to confirm the absence of a transaction is to be aware of all transactions. In the mint based model, the mint was aware of all transactions and decided which arrived first. To accomplish this without a trusted party, transactions must be publicly announced [1], and we need a system for participants to agree on a single history of the order in which they were received. The payee needs proof that at the time of each transaction, the majority of nodes agreed it was the first received.
http://bitcoin.com/bitcoin.pdf
submitted by jessquit to btc [link] [comments]

Bitcoin literally has less uses than runescape gold, and doesn’t hold its value as well.

The whole concept of a decentralized currency goes against the reason currencies even have value-because they’re centralized and widely traded. U could literally buy up runescape gold or rare items and they would hold their value better, because then they would actually be traded and have value beyond libertarians that hoard it and think it’s going to make them rich. It’s just completely ridiculous.
submitted by Shrocklover to EnoughLibertarianSpam [link] [comments]

Riding the Bubble

And un riding it sometimes like now. Why do I say bubble? Because that’s what it is: 1. Bitcoin is unproven to actually work when the use of it would go up. To say that bitcoin holds value because of the computing power behind it is nonsense because: 2. The computing power should then somehow work as an investment into Bitcoin, not the spending of real money for buying electricity. 3. Computers become faster and faster over time, so each calculation becomes faster and therefore cheaper over time. This would be like the mining / making of actual gold would become easier and therefore cheaper over time. 4. Who is Satoshi / who invented the bitcoin? Follow the money as usual I guess. It must be someone who benefits from the sale of electricity. I’m not sure yet who it is, but I certainly can imagine who it isn’t. This does not mean that the bitcoin bubble won’t go up again and how far, nor does it mean that in the future (a) cryptocurrency(‘s) won’t prevail, but the chance that THE one to do so would be bitcoin would mean that bitcoin would have to re-invent itself and at least fix point 1. Above and I think a new coin could do that so much better. Perhaps a coin with some sort of overview organization and a coin that constantly upgrades itself, like a smart coin, with the goal to be smarter, faster, safer and cheaper to use, all the time, while it’s built up is actually investing into something tangible, such as real estate, or data,
submitted by Rempire23 to Bitcoin [link] [comments]

06-20 06:24 - 'This video lead to me to start holding. Lead to me looking into this space and realizing that all price predictions are conservative when you realize 500 trillion in value is opening up to Bitcoin via institu...' (youtube.com) by /u/FinanceOwn removed from /r/Bitcoin within 606-616min

This video lead to me to start holding. Lead to me looking into this space and realizing that all price predictions are conservative when you realize 500 trillion in value is opening up to Bitcoin via institutional market adoption growing
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Author: FinanceOwn
submitted by removalbot to removalbot [link] [comments]

06-16 01:54 - 'I mean ZIL went up 10 times its value and is still holding there. Anyone who had $1000 in it just made $9000. Sure it could be a scam but plenty of people just got rich off it' by /u/Wit2020 removed from /r/Bitcoin within 449-459min

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I mean ZIL went up 10 times its value and is still holding there. Anyone who had $1000 in it just made $9000. Sure it could be a scam but plenty of people just got rich off it
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unreddit undelete link
Author: Wit2020
submitted by removalbot to removalbot [link] [comments]

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Value of Bitcoin - YouTube

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