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Thread: Crypto Airdrops

  1. Quote Originally Posted by Barch View Post
    This is probably the most stupid question ever asked on the Goat but here goes ...

    What is the difference between using Bitcoins / Ether Currency for online purchases and using your normal bank card?
    Its not stupid I thought the same thing
    "The socialism I believe in is everybody working for the same goal and everybody having a share in the rewards. That's how I see football, that's how I see life."

  2. https://www.quora.com/Why-use-bitcoin-instead-of-cash

    https://burgessforensics.com/what-is...an-i-get-some/

    The ultimate goal is to replace FIAT (real cash) - however, even if that doesn't happen, the real possibility smart contracts:


    • You wake up and tell Alexa/x app that you want to pay a buy something - "Alexa buy PS4 using XRP" - done.
    • You get in your driverless car and say "Sainsburys" and off you go. You travel through a toll road, "pay toll with XRP"
    • Park up, "3 hours using XRP"


    etc etc etc

    The smart contract in the crypto currency takes care of the payment.

  3. #23
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    Quote Originally Posted by Dan_Brown View Post
    https://www.quora.com/Why-use-bitcoin-instead-of-cash

    https://burgessforensics.com/what-is...an-i-get-some/

    The ultimate goal is to replace FIAT (real cash) - however, even if that doesn't happen, the real possibility smart contracts:


    • You wake up and tell Alexa/x app that you want to pay a buy something - "Alexa buy PS4 using XRP" - done.
    • You get in your driverless car and say "Sainsburys" and off you go. You travel through a toll road, "pay toll with XRP"
    • Park up, "3 hours using XRP"


    etc etc etc

    The smart contract in the crypto currency takes care of the payment.
    Essentially it is no different to using a visa card then !
    It's not the man in the fight - it's the fight in the man.

  4. I remember when cards first came out, there was a lot of fighting and debate. Now look at it, you have the old dears who still prefer cash, yet our generation have embraced it. So much so high st banks are closing as we are conducting all our banking needs online.

    Cards are now widely accepted () Why can't crypto be the next thing?

  5. #25
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    Quote Originally Posted by Dan_Brown View Post
    I remember when cards first came out, there was a lot of fighting and debate. Now look at it, you have the old dears who still prefer cash, yet our generation have embraced it. So much so high st banks are closing as we are conducting all our banking needs online.

    Cards are now widely accepted () Why can't crypto be the next thing?
    It probably will, but until my local fuel station and Tesco store start accepting it is it worth the man in the street getting involved with it?

    If I want to buy something from the USA I pay in $US with my visa card and get charged a small fee for the privilege, with crypt currency I have to find a retailer that will accept it as a payment method, then I have to find some 'crypto' to purchase the goods with and it is doubtful if I can get the correct amount needed for the purchase.

    I just cannot see any benefits whatsoever.
    It's not the man in the fight - it's the fight in the man.

  6. Quote Originally Posted by Barch View Post
    It probably will, but until my local fuel station and Tesco store start accepting it is it worth the man in the street getting involved with it?

    If I want to buy something from the USA I pay in $US with my visa card and get charged a small fee for the privilege, with crypt currency I have to find a retailer that will accept it as a payment method, then I have to find some 'crypto' to purchase the goods with and it is doubtful if I can get the correct amount needed for the purchase.

    I just cannot see any benefits whatsoever.
    There are real world users, there is crypto in energy, porn, gambling, banking etc it is as versatile as it is volatile.

    Look at Facebook, what does it actually give? There is no product that you speak of, but it is still worth billions.

    I am looking at crypto that it is currently at the stage of where Zuckerberg is the spotty nerd in high school who suddenly has an idea to create a website that let's people post their daily lives from their intimate holiday pics to the fact they have just taken a dump along with accompanying pics.

    Crypto may fall on its ass, but you have to be in it to win it!

  7. #27
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    Quote Originally Posted by Dan_Brown View Post
    There are real world users, there is crypto in energy, porn, gambling, banking etc it is as versatile as it is volatile.

    Look at Facebook, what does it actually give? There is no product that you speak of, but it is still worth billions.
    Facebook is a platform, you are the product, and collectively Facebook users are worth billions, because they spend trillions, again could change, although I doubt it overnight but anyone remember MySpace or that virtual world where we could all interact as avatars in an utopian ideal.

    The basic value behind a bitcoin is zero, scarcity and demand mean it is worth what ever the price is, £6000 today.

    Selling crypto and blockchain technology to enable digital commerce and provide a platform for other safe and secure digital ways of working is not the same as buying bitcoin, Iíd invest in this if it wasnít already over hyped.

    As long as it remains as volatile as a Kim N Trump bachelor party main stream retailers wonít adopt it, you buy a book at 9.00 am for 0.000327 of a bitcoin, unless it is instantly cashed out, the retailer has no idea what they receive, and if itís instantly cashed out whereís the benefit of accepting it in the first place, itís just another cost to bear or pass on to the consumer.

    Notice another but coin registry got hacked today, 30 odd million taken, Iím sure people have got their money back.


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  8. You have just counter argued your own argument.

    The basic value behind a bitcoin is zero, scarcity and demand mean it is worth what ever the price is, £6000 today.

    but yet...............

    Facebook is a platform, you are the product and collectively Facebook users are worth billions.

    So Facebook is worthless without the users? But you use the same argument against crypto currency.

    Some institutions are beginning to try it. Estonia is working to create an e-Residency program, and part of their plan includes launching the estcoin, the worldís first national cryptocurrency. The Bank of England is working to create its own cryptocurrency and has created an experimental cryptocurrency framework called RSCoin that would use a centralized system. To go crypto, the Bank of England would create digital money as if it was printing physical notes.

    Crypto is fraud proof, can prevent identity theft, instant transactions globally and is completely transparent.

    I am not saying this is the next big thing, what i am saying is that we cannot dismiss crypto and we need to see where it takes us.

  9. #29
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    Crypto Airdrops

    Iím pretty good with my arguments as Iím kinda saying that bitcoin could lose all its value in a moment if everyone suddenly realized that itís just foolís gold, then tried to dump their holdings, whereas Facebook, which is currently the dominant platform amongst older users, would have a slower death as itís value would only disappear once it no longer had any users whose data it could sell and its adverts wouldnít be seen.

    Facebook has a value in its Profits, Turnover, IP and Platform

    Crypto currency back end systems have a value in the same.

    Crypto currencies have no value unless they come with a promise, like those ICOs, in which case the value is the promise and potential.

    Crypto currencies have no value, they have a price based on demand driven by artificial scarcity.

    Think of it like this, every Chrimbo there is a must have toy where demand outstrips supply, now the value of the product stays the same, a £100 toy is still a £100 toy, however itís price floats up and people pay more than its value just to have something that is scarce, to these people the utility they gain from having a scarce product is higher than its true value, as decided by the supply chain prior to its release. Of course as you traipse to Cash converters on the 1st Jan itís value is now only £25 or less and because demand has crashed that is the price youíll be paid.

    So to be clear what Iím saying is that people are paying £6000 per coin just to have something that is scarce, in the expectation that more people will also want it, keeping the scarcity high and the price will be maintained or go up higher. Alternatively people invest in Facebook based on turnover, profit and potential, plus a little bit of perception, crypto currencies just have perception.

    If a country creates a new platform on which to enable its currency to transmit then it just canít create a load of that electronic currency without damaging the wider value of that countryís currency, economically speaking. If a countryís economic value increases against the global economy by £1 then it can print £1 or it can allow its currency to increase on the exchange rates by the same amount. If a country decides to print £1, through whatever method you want, without the economy of the country increasing, then the total worth of the economy remains the same and all the other £1 are now worth a tiny bit less in comparison. IIRC I think Ken Livingstonís favourite socialist South American country, Venezuela has tried this, not checked lately to see how itís doing, Iím guessing like the rest of its economy not too well.

    https://www.washingtonpost.com/news/wonk/wp/2018/03/05/venezuelas-cryptocurrency-is-one-of-the-worst-investments-ever/?noredirect=on

    The Eurozone is about to find out what happens when a central bank stops printing money, something that has kept its economies growing for the past couple of years, letís hope itís not just all Italian debt.

    I was sitting on a plane the other week and the guy next to me wanted to to share something from my phone to his, our careers website and a particular role, he mentioned all his apps with which we could connect and he wasnít on Facebook, we Airdropped in the end, likewise my teenage lad has a Facebook account but hasnít used it for about 6 months, mature product in a fast moving market, is it a John Lewis or a M&S?


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    Last edited by busby1971; 14-06-2018 at 05:31.
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  10. #30
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    Almost like theyíve been reading my posts....

    https://digitaledition.telegraph.co....CEPDGCTPVKXNOA



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