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/biz/ - Business & Finance

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9256458 No.9256458 [Reply] [Original]

Discuss.

>> No.9256469
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9256469

>>9256458

>he thinks coins are tradeable on separate chains

dumb thread

>> No.9256474
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9256474

>>9256458

>> No.9256543

>>9256458
You can also make a copy of your account book and see how far that gets you.

>> No.9256601

>>9256469
>>9256543
Bitcoin Ethereum Ripple Bitcoin Cash EOS Litecoin Cardano Stellar IOTA TRON NEO Dash NEM Monero VeChain Ethereum Classic Tether Qtum OmiseGO ICON Binance Coin Lisk Bitcoin Gold Nano Bytecoin Verge Zcash Aeternity Ontology Steem Wanchain Zilliqa Siacoin BitShares ... etc etc.

= INFINITY COIN

>> No.9256619

>>9256601
Your point was about counterfeiting, but this doesn't support your point. Come back when your IQ is in the double digits if you want to join the debate.

>> No.9256671

>>9256619
>counterfeiting
No counterfeiting is portrayed as "valuable" but actually irrelevant because anyone can just duplicate the same whole system over and over again and flood the market with coins.

>> No.9256709

Bit20 , Bitair , BitAsean , BitBar , Bitbase , BitBay , BitBoost , bitBTC , Bitcedi , BitClave , Bitcloud , bitCNY , BitCoal , Bitcoin , Bitcoin 21 , Bitcoin Atom , Bitcoin Cash , Bitcoin Diamond , Bitcoin Fast , Bitcoin God , Bitcoin Gold , Bitcoin Green , Bitcoin Interest , Bitcoin Planet , Bitcoin Plus , Bitcoin Private , Bitcoin Red , Bitcoin Scrypt , BitcoinDark , BitcoinX , BitcoinZ , BitConnect , Bitcore , Bitcrystals , Bitcurrency , Bitdeal , BitDegree , BitDice , bitEUR , Bitgem , bitGold , bitJob , Bitmark , Bitok , Bitpark Coin , BitQuark , bitqy , Bitradio , BitRent , BitSend , BitSerial , BitShares , bitSilver , BitSoar , Bitstar , BitStation , Bitsum , Bitswift , BitTokens , bitUSD , Bitvolt , BitWhite , Bitz , Bitzeny …

ENDLESS!

>> No.9256788

>>9256709
That's like saying the Zimbawean dollar is a counterfeit copy of the US dollar. Now run along.

>> No.9256875

>>9256788
Zimbawean dollars stay in Zimbabwe. With "crypto" you have infinity Zimbabwe exchanges flooding the market with coin that is exactly as "rare" Bitcoin is "rare".

>> No.9256984

Eaglecoin. eBitcoin. Ebittree coin. Ecocoin. E-coin. E-Dinar coin. EDRcoin. Eggcoin. Elacoin. Elcoin. ELTcoin. Embercoin. Emercoin. Energycoin. Enjin coin. Eroscoin. Eurocoin. Europecoin. EverGreencoin. Evil coin. Exclusivecoin. Faircoin. Fantomcoin. FAPcoin. Fargocoin. Fastcoin. Fazzcoin. Feathercoin. Fedoracoin. Fincoin. Firecoin. First Bitcoin. Firstcoin. Flappycoin. Florincoin. Fluttercoin. Flycoin. Foldingcoin. Fonziecoin. FrankyWillcoin. Freicoin. Fujicoin. FUNcoin. Futcoin. GameLeaguecoin. Ganjacoin. Gapcoin. Garlicoin. Gatcoin. GBCGoldcoin. GCN coin. Geertcoin. Geocoin. Geysercoin. Glasscoin. Global Jobcoin. Global Tour coin. Globalcoin. Goldcoin. GoldMaxcoin. Golfcoin. Grandcoin. Gridcoin. Grimcoin. Groestlcoin. Guccionecoin. Guncoin. Halloween coin. Happycoin. Harmonycoin. HealthyWormcoin. Helleniccoin. Hempcoin. Hempcoin. HEROcoin. Hicoin. Hitcoin. HOdlcoin. HollyWoodcoin. HomeBlockcoin. HTMLcoin. Huncoin. Huntercoin. I/O coin. I0coin. icoin. Impulsecoin. India coin. Indicoin. Infinitecoin. Inflationcoin. Influxcoin. Insanecoin. Intensecoin. Irishcoin. Islacoin. iTicoin. Ixcoin. Jesus coin. Jetcoin. Jin coin. Jobscoin. Joincoin. Joulecoin. Karmacoin. Kashhcoin. Kekcoin. Kickcoin. Kilocoin. KingN coin. Klondikecoin. Kobocoin. Kronecoin. Kubera coin. Kushcoin. Lanacoin. Landcoin. Lazaruscoin. Leacoin. Leadcoin. Leafcoin. LEOcoin. Leviarcoin. Levocoin. Linkedcoin. Linker coin.

INFINITY coins, all equally "rare" as Bitcoin is.

>> No.9257025

>>9256984

No matter how many times you fork bitcoin, there will still be just as many bitcoins in existence.

Is that simple enough for your pea brain?

>> No.9257047

>>9256875

Stop trying to think so hard Honey, you are going to hurt yourself

>> No.9257076

wut? Are you even fucking srs right now? Literal most retarded shit I’ve ever read.

So I could like just take copy the recipe for rare beer and we could like have like infinity different beers

>> No.9257102

>he doesn't use BTC #7

Stay poor

>> No.9257141

>>9257025
>just as many bitcoins in existence
The "value" of bitcoin isn't it's brand-name. Supposedly it has value due to it limited supply. But this value can be exactly duplicated by a new coin that is equally "rare" since it also has a limited supply equal to the first. It's a scam.

>> No.9257177

Sagacoin. Sakuracoin. Sativacoin. Scorecoin. Secretcoin. Securecoin. Selfiecoin. Sexcoin. SHAcoin. Sharkcoin. Shellcoin. Siacoin. SIBcoin. SIGMAcoin. SJWcoin. Skeincoin. Skincoin. Skycoin. Slothcoin. Smartcoin. Smileycoin. Snipcoin. Soarcoin. Socialcoin. SOILcoin. Solarcoin. Solarflarecoin. Songcoin. Sooncoin. Spacecoin. Spectrecoin. Sportscoin. Spreadcoin. SRcoin. Starcoin. Startcoin. Startercoin. Stealthcoin. Steneum coin. Sterlingcoin. Streamr DATAcoin. Super Bitcoin. Supercoin. Superior coin. Swftcoin. Swisscoin. Syscoin. Tagcoin. TAGRcoin. Tajcoin. Target coin. T-coin. TEKcoin. Telcoin. Terracoin. TeslaCoilcoin. Teslacoin. The Champcoin. Theresa May coin. Tigercoin. Titcoin. Tittiecoin. Toacoin. Todaycoin. Topaz coin. Topcoin. Torcoin. Transfercoin. Trezarcoin. Trickycoin. Tristar coin. Trollcoin. Truckcoin. Trumpcoin. Turbocoin. Ultracoin. Unbreakablecoin. UNcoin. Unicoin. United Bitcoin. Uquid coin. Vaperscoin. Vault coin. Vericoin. Vertcoin. Viacoin. Vipstar coin. Virtacoin. Virtualcoin. Votecoin. W3coin. Wcoin. Whalecoin. Whitecoin. Wi coin. WINcoin. Womencoin. Woodcoin. Worldcoin. X-coin.


Which coin above has the most value??

>> No.9257320

>>9257177

SIAcoin obviously.

The value is in the network

If you make a website Facebook2 that perfectly clones Facebook are you equal in value to Facebook? No obviously because you have no users

>> No.9257375

>>9256458
This is boomer logic.

>> No.9257477

>>9257141

>Pleb tier logic

>> No.9257485

>>9257320
>Facebook2
Facebook has intellectual property protection - you can't make a facebook2.

Bitcoin is free and open-source and can be endlessly duplicated.

User base follows the perceived "value" which is alleged to be the "rarity" - once this perception is shattered (as it should be) all the cryptocurrency will go to zero.

>> No.9257548

>>9256458
shut it down boys

>> No.9257743

If endless duplication -> destroy value were true, BTC and BCH would have equal values. They don't, and BTC has retained far more value. Therefore, there must be some inherent value people are giving to BTC beyond merely its limited supply.

In short, your premise is flawed and it fails to account for some other variable giving BTC its value.

>> No.9257768

nice bait i guess

>> No.9257863

>>9256601
>>9256984
INFINITY coins
newest marvel movie INFINITY war,
war for crypto coins?

>> No.9257893

>>9256458
The value of anything is given by people (Supply x Demand), nothing in itself truly has value. If humans are wiped out from planet earth, than dollar bills and gold bars will become completely useless.

>> No.9257949

>>9257743
>fails to account for some other variable giving BTC its value
Novelty and stupidity.

>> No.9257984

To put it another way, there will only be so many 1962 mustangs. They're more valuable because there are only a handful of them. Making new cars will not devalue the car.

>> No.9258039

>>9257893
>nothing in itself truly has value.
Commodities and services do have value, but fiat currencies have none except for their convenience at price-setting instead of the inefficiencies of barter, and this must be maintained by a government sanctioned status as "legal tender". With crypto you have infinite fiat currency - therefore it has no "store" of value and due to lack of monopoly its ability to serve as a pricing mechanism will also fail to maintain itself.

>> No.9258087

>>9256709
There's basically an unlimited supply and low demand for these shitcoins. Bitcoin however has billions of dollars of physical infrastructure and has survived almost a decade of attacks. It's proven itself and it has the name and more importantly the network effect.

>> No.9258217

>>9257949
Now you're moving the goalposts. Let's try again, what exactly are your premises?

As far as I can tell, you're (now) arguing that BTC only has:
1) limited supply
2) novelty
3) stupidity
supporting its value. You further argue that 1) is not a true support (via endless duplication).

But how do you address 2) and 3)?
And are you now saying there are no other variables than the three supporting BTC's value? (If so, how do you account for the "network effect" described by others?)

>> No.9258388

>>9258217
Investors get in saying,
>"I know it's stupid, but I'll sell it to the next guy before it crashes"

BTC has a user base and ability to complete transactions - so if you get in and get out instantly and return to cash then you're fine. But since this same service of completing a transaction can be duplicated just as well by any fork, the only value will be in completing the sale - eating into mastercard/visa commissions. But that's the only value - the commission - not the coin.

>> No.9258569

>>9257485

LOL@ intellectual propert protection. Chinks could make an exact copy and throw it up on the internet with no repercussions.

It wouldn't work though because people already use the original network.

You think you have an original thought here? That people don't realize coins can be forked? The network goes beyond the code brainlet. Not to mention the teams behind certain coins given them additional value, etc.

>> No.9258592

>>9257893

this. virtually all value is perceived. I supposed you could argue things like air water food and shelter have true intrinsic value for humans but any actual quantification of that value (i.e. 1 gallon of water is worth x amount) is collectively assigned and not inherent.

>> No.9258683

>>9258039

a government assigning something as legal tender is an influencing factor in that something being accepted by a population as currency. Ultimately however it is the population accepting that thing as currency which gives it value and not the government saying it has value.

If people decide they went to use BTC for a currency because they like its qualities (such as censorship resistance) that makes it just as valid as any government backed currency

>> No.9259419

>>9258683
>because they like its qualities (such as censorship resistance)
I'm not arguing with that, I'm saying BTC has no value above any other, therefore it is not an "investment" - it is a transaction device only - and it will compete with all the other coin until the commission is razor thin. Don't buy crypto don't hold crypto - but if you have to send/receive cryto briefly then shop for whichever one you can get in and out of easiest.

>> No.9259444

OP has a point and none of you brain-dead fuckers in here can successfully refute him.

>> No.9259468
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9259468

>>9256458
ThE internet is worthless becuase you can just keep creating more websites which copy and paste the internet until there is no internet left.