The Daddy wrote:I like this article, made me not chuck money into this whole crazy thing
The Daddy wrote:I like this article, made me not chuck money into this whole crazy thing: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
GooberTheHat wrote:
GooberTheHat wrote:What service/utility does bitcoin provide that another cryptocurrency can't provide?
Djornson wrote:GooberTheHat wrote:What service/utility does bitcoin provide that another cryptocurrency can't provide?
None but it got there first. Quite often that's enough for the masses.
GooberTheHat wrote:That doesn't necessarily make for a solid investment though does it.None but it got there first. Quite often that's enough for the masses.What service/utility does bitcoin provide that another cryptocurrency can't provide?
GooberTheHat wrote:Why is bitcoin so valuable? What service/utility does bitcoin provide that another cryptocurrency can't provide? How many credible cryptocurrencies can there be?
LesterUnlimited wrote:GooberTheHat wrote:Why is bitcoin so valuable? What service/utility does bitcoin provide that another cryptocurrency can't provide? How many credible cryptocurrencies can there be?
A decade of security, never been hacked. No other coin can say that. Even Ethereum was hacked which is why there's an Ethereum and Ethereum Classic.
GooberTheHat wrote:But is that an exclusive trait of bitcoin, or could that be replicated in another coin as long as the creator was competent?
WorKid wrote:The coin hasn't but haven't the exchanges? Practically what's the difference?A decade of security, never been hacked. No other coin can say that. Even Ethereum was hacked which is why there's an Ethereum and Ethereum Classic.Why is bitcoin so valuable? What service/utility does bitcoin provide that another cryptocurrency can't provide? How many credible cryptocurrencies can there be?
LesterUnlimited wrote:GooberTheHat wrote:Why is bitcoin so valuable? What service/utility does bitcoin provide that another cryptocurrency can't provide? How many credible cryptocurrencies can there be?
A decade of security, never been hacked. No other coin can say that. Even Ethereum was hacked which is why there's an Ethereum and Ethereum Classic.
We're not stocking Coca Cola anymore but we are confident fizzy drinks are the future.
Liveinadive wrote:That link is exactly what some of us have been saying about crypto. Tohey cannot co-exist as both a volatile asset and a useable currency. They are either too steady to be worth speculating on or change too rapidly for transactions and day to day business costs to be calculated efficiently.
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