Bitcoin and everything associated with it. The home of cryptomaniacs and their adversaries. - page 6
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Bullshit. There are no such properties and there can't be. Inconvenience is one of the few disadvantages why gold has been replaced. Bitcoin does not have these disadvantages. There are others but they get around.
Bullshit. There are no such properties and there cannot be.
Any currency, be it the ruble, the dollar or bitcoin, must be backed by a commodity created under its jurisdiction.
Hmm? Secured? Again - do you understand the meaning of the word? I'll say it again, the dollar is not secured by anything.
Unfortunately, bitcoin cannot boast of this. The scope of services and volume of goods for bitcoins is negligible, and what is offered is the usual conversion
There you go, humour, we're sitting pretty.)
That's why your bitcoins are flawed - they have an algorithmic ceiling, while money must by its definition be infinite and also have free issue, neither of which bitcoins have, which means they are not money, but tulip bulbs.
Well that is a clear and obvious misconception. I am too lazy to explain for the fourth time why. Infinity is an unnecessary requirement of the modern inflationary system clouded head.
So is free issue.
Yeah, at least you're getting somewhere.
Well, that's a clear and obvious misconception.
Hmm? Secured? Again - do you understand the meaning of the word? Once again, the dollar is not secured by anything.
Andrew, it is not:
http://master-vict.livejournal.com/30670.html
http://master-vict.livejournal.com/36786.html
Andrey, it is not. http://master-vict.livejournal.com/37306.html
This is a philosophical question. I argued that they are not backed by anything because you (not you personally) argue that bitcoin is not backed by anything. By reasoning like in this article I can argue that bitcoin is also pretty well secured.
So, decide for yourself on this issue, I personally do not care about it at all.