81–90 of 254 posts
I am sure real, legitimate ICOs must exist, but I have yet to find one. Can anyone point to one that they strongly believe is legitimate?
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I hear what you're saying, but am compelled to ask: what intrinsic value does gold have?
I forget who said it, but I once heard something along the lines of, "if we get into a situation where the value of gold goes through the roof, it'll be because things have gotten really bad. And if they're that bad people are going to realize pretty quick that they don't want gold. They want water bottles and gasoline."
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Sorry, forgot to add that I don't know any Chinese and I don't have any reason to believe that Facebook thinks that.
Maybe the fact you keep clicking on Chinese ads is reason enough?
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It's the only thing the IRS accepts for taxes, it's the only thing that Saudi Arabia accepts for oil, etc. There's many good reasons for the dollar to have non-zero intrinsic value.
That's still not an intrinsic value: it's a consensus value. Intrinsic value is the value it has even if it is not thought of as a currency or unit of trade.
That's like, your definition dude.
https://www.investopedia.com/terms/i/intrinsicvalue.asp
> The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value.
Someone should make a cryptocurrency social platform that rewards it's users for sharing content and attention. Like the steemit of facebook. Anyone know of any projects like this?
The first ad I saw for Crypto was an ad for Bitmain -- it flashed through my ad blocker enough for me to turn off the blocker to see it. It was Bitmain, advertising a miner back in stock. Clicked it, saw it in stock, then thankfully went back to the fb comments to see someone mention it was a Punycode domain -- was a complete phishing site. There was an 'a' that was actually some other glyph that had a small, nearly…
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Intrinsic value of bitcoin tokens is the ability to use them to append a hash value into immutable eternal excel spreadsheet with no censorship possible. You can use this to prove some data existed at some point in time (proof of existence) or that some data was published (proof of publication). With these primitives you can build some interesting digital infrastructure (ledgers, smart contract platforms, etc.). That…
The key difference being that the intrinsic use of gold is proven by thousands of years of use and a current robust market in the $100 billion/year range [1], while the "intrinsic value" of Bitcoin has no historical track record and approximately $0 current demand. An important second difference is that creating a replacement for the intrinsic value of gold is somewhere between difficult and impossible, whereas it ap…
I can start trying to use aluminum to hold value. It has intrinsic value through valid non-currency applications. Being able to do so in no way lessens the value of gold, and the ability to do the same thing with virtually any other material does not mean gold's effective intrinsic value is approximately zero.
It's the other factors you mentioned (robust market and long history of usage) that makes gold valuable relative to alternatives, and Bitcoin has factors that make it more valuable relative to other cryptocurrencies--including forks of Bitcoin. It's true that it is more likely Bitcoin is replaced by another crypto than gold replaced by another metal, but that's a far cry from Bitcoin's effective intrinsic value being approximately zero.
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which would still leave the question why he was offered it in the first place
Exploration vs exploitation. If the ad has a high CPC and there isn't enough targeted inventory, it's worth showing it to random folks to see if a new target market can be identified.
Did I just get called 'inventory'? God, that's the next step after "human resources"...
Someone should make a cryptocurrency social platform that rewards it's users for sharing content and attention. Like the steemit of facebook. Anyone know of any projects like this?
building one now, called Ethertain will be publishing details in a week or two on http://www.ethertain.org/ not a social network though - more like "paypal for video", where you can send/request content, with proper verification
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Intrinsic value of bitcoin tokens is the ability to use them to append a hash value into immutable eternal excel spreadsheet with no censorship possible. You can use this to prove some data existed at some point in time (proof of existence) or that some data was published (proof of publication). With these primitives you can build some interesting digital infrastructure (ledgers, smart contract platforms, etc.). That…
At best those are potential intrinsic values for blockchains, not bitcoin.