Antshares, Ardor, Augur, Bytecoin, Civic

>Antshares, Ardor, Augur, Bytecoin, Civic,
>Cloak, Dash, Digibyte, Dogecoin,

>EtherumClassic, Factom, FUN, Golem,
>humaniq, lisk, Litecoin, Monero, NEM, Nxt,

>Maidsafecoin, Peercoin, Populous, Ripple,
>Skincoin , Siacoin, Steem, Stellar, Stratis,

>Tezos, Waves, Zcash

What do you notice about all these names? That they're fucking stupid and imbecilic? Actually, these are all names of internet number-generating programs purporting to be """""money""""". How the fuck can it be money? Intangibles always need to be backed by reserves of some sort, whether it is cash in the bank or shiny gold bars. I understand that bitcoin has a finite amount of possible bitcoins that can be generated, but Bitcoin has no actual benefit in terms of functionality over any of the other cunting coins. Bitcoin is THEREFORE another fiat currency, bitcoin is a FUNGIBLE commodity with other coins. With the press of a couple keys, you create a new coin with the exact same blockchain backing it as a bitcoin. What makes a Bitcoin more valuable than a Litecoin or a doge coin? Well it was here before litecoin, and dogecoin has a ridiculous name! That brings to me back to an age-old question, would a Bitcoin by any other name have been adopted so readily? If bitcoin was douchecoin it never would have been viable, even if it was the same blockchain code. Bitcoin sounds cool, it sounds like something you could imagine Neo from the Matrix saying. Fuck

tl;dr, too many nerds are rich now because of a fucking name and the fact it was here first.

There's also an estimated 98-99.5% of the country that hasn't even gotten involved yet. All this money being made? That's just the whipped cream, friend. Don't miss out on the whole pie

Globe*
My bad, bitcoin is a GLOBAL currency. With a capped amount of it that will ever be made. Think about it

this. my ethereum might be in the gutter right now. but i know in a few years i will be swimming in money

At the end of the day bitcoin is worth as much as the USD now. Nothing. Going off the gold standard made this viable, and was a mistake.

Any time you make an investment simply because it is going up in value, it is a pyramid scheme.

Daily reminder that the creator of Bitcoin called Litecoin a pyramid scheme.

crypto/bitcoin
>decentralized
>digital
>anonymous
Gold is given value with "no actual benefit" as well. It's barely used industrially and 90% of it is hoarded because we like how shiny it is.

But like I said, an infinite number of blockchains can be made because it is open source. What makes bitcoin a better choice over antshares?

Eventually there will be blockchains with better features and faster transaction speeds.

Why bitcoin over FUCKING Golem or Dogecoin?

> gold has no benefit

Sorry but your a retard. Gold is very useful in electronics due to how it conducts, it also doesn't tarnish and is easy to work with.

because it was first, become most popular over years, has an grew a large userbase, and works. It is like money but apparently can do things differently, conveniences

All crypto currencies are a meme. At least "real" money has things backing it, like commodities or military might.

It also helps that if you put your money in the bank and the bank gets robbed, you don't lose your money, whereas if your e-wallet or whatever you use to store bitcoins gets hacked/stolen, then you're fucked.

The icing on the cake is the volatility of the entire thing. Prices can change dramatically over a short period of time and the only reason people are making money off it is because of survivor bias (you only hear about people making mad money and not people losing half their shit).

It's like trying to make usable power out of noise. You may see tiny successes at first, but in the long run it is pointless.

>Because it was first

But if better blockchains are available and become more adopted than bitcoin, bitcoin will go to zero. It's an open source, an infinite number of cryptos that are fungible with bitcoin can be created.

In five years bitcoin will either be 1 million per coin due to mass adoption or zero because it's abandoned for other cryptos.

yeah but if some poor people in a poor country could some how get a hold of some percentages of a bit coin instead of their trillion dollar bill paper money, maybe that can help people, and maybe they can get out of paying taxes

>it's abandoned for other cryptos.
why would it be abandoned besides better blockchains being available? Preliminary question, what does a better blockchain entail? How much better could they get or be?

People jump on board with things current, people bought vcrs, and model t's, and pokemon cards, beanie babies, paintings. Bitcoin has been around for a bit now, and a lot of people have made decent money off it, in spans of years, in spans of months

And copper is a much better conductor but it's somewhere around 4$ a pound. There are many more industrial (mainly electronic) uses for silver than for gold but it's usually 100X less in price.

Gold is at ~$1200 an ounce because the world's population has collectively accepted it as a form of money/store of value.

Yes copper is, but copper tarnishes, gold doesn't.
Gold is mallable and easy to work with. It's also castable far better than other metals.

To say is has no benefit is the dumbest thing.

"Easy to work with" means nothing. Crayons are easy to work with but they aren't uses for anything important.

Handing a poor person a wad of cash usually means they will squander it on booze or something similar. As harsh as that may sound.

Also, just like any technological e-commodity, the bitcoin will usually be hoarded in countries where technology is relatively cheap (hint: not the poor country). The poor person from a poor country won't have access to all the things one needs to even dream of getting bitcoins (like electricity, a computer, internet, not to mention a government that wouldn't rape his ass the second he got rich). And you can't just get out of paying taxes. If you do, then you go to jail, but not before paying your taxes - at least in the civilized world.
You don't cure an illness by treating the symptoms.

Crypto currencies are what margin trading is but on steroids. The dramatic price fluctuations prove that. At least with margin trading, you have commodities that help keep the price from fluctuating too much, but with crypto, there are no brakes.

>gold is easy to work with
digital,decentralized,anonymous,divisible to the 10 millionth
>capable of being cast far better than other metals
So it's valuable because it's the metal for easiest transactions? Cast it right into shiny coins or jewellery because i like how shiny it is?

What if I told you this could be the best form of money to date and that's why people love it and give it value?
>digital,decentralized,anonymous
Have fun making online transactions without big brother watching when everything has gone digital.

Meme coinz are worse than pennystocks

Are you literally retarded?

Metals are hard materials. Gold is also hard but when made mallable, it's VERY easy to cast and shape, you can even make thin leafs of paper from it.

The fact that your comparing golds uses to the uses of a crayon just shows your confused at all this new information hitting your tiny mind.

Easy to work means that in combination with being hard to tarnish (it last almost forever without corroding or similar), you can put in a lower amount of work (to melt it) to change the gold into, let's say, smaller gold pieces.

Now your 10k $ gold bar is in 10 1k $ smaller bars and you can but yourself a cow or something and still have 9k $ of gold left. There is a reason why our ancestors chose gold as the go-to currency in ages past. They were smart people who decided on an easy to use metal that lasted forever.

Gold has awesome thermal properties so does silver

Start own digital currency
INSTANT INTERNET MILLIONAIRE!
ONECOIN
kek

Using gold for anything other than electronics is degenerate.

Gold is fungible
Divisible,
Tangible,
Finite
A store of value.

It has all the properties of money that you could ask for. With digital technology it will be able to load grams of gold/silver onto debit cards for instant payment while the real wealth is in a safe.

This is the future, not kikecoins.

It has all the