done. your prediction is the market's command:FrancisBacon wrote: ↑ I predict that we're going to blow past $8000 in short order.
Paper gold stocks have an inherent value, unlike Bitcoin: they are a claim on the future dividends and assets of physical companies.
Gold is scare because there is no other similar physical element and no other element can be invented. More gold can be discovered, but not 5x or 10x.
Bitcoin is not scarce. It can be forked. The code can be modified if 50%+1 of miners agree. Other rival cryptocurrencies can be created.
https://www.bnn.ca/bitcoin
again, I'm not happy when people lose money but after all these exposes about cryptocurrency, to me it is technological idea (blockchain that requires so much energy consumption) with the following legs to stand on: multi-level marketing, ponzi scheme and mania.
I guess a few years ago, people were talking about RFIDing their whole inventory to track from production to fulfillment to sales but not really sure what blockchain offers that isn't already being offered today. I did read blockchain can be used to tag agriculture to protect from tampering quality (mixing inferior crops with good ones, switches, etc.), it can be used for money transfers, and maybe a few others. I'll read up more on what blockchain (not cryptocurrency) can do, that public / private key cannot do with some upgrading. this weekend.
Last edited by alanbrenton on Feb 2nd, 2018 6:51 am, edited 1 time in total.