No. That is correct. It comes from the old government scam where government would debase coinage, and everyone wanted to be paid in old coinage instead of new ones, but if government issues standard coinage with guaranteed metal content, everybody wanted to be paid in that. So good money would circulate and bad money would be driven out of the economy.
Market Meltdown - Which will be the first to hit zero?
- Thread starter ttmschine
- Start date
No. That is correct. It comes from the old government scam where government would debase coinage, and everyone wanted to be paid in old coinage instead of new ones, but if government issues standard coinage with guaranteed metal content, everybody wanted to be paid in that. So good money would circulate and bad money would be driven out of the economy.
You are pulling my dick aren't you? Yes I have PayPal, Neteller, Skrill and several bank cards.
Try again, but a little harder this time.
NxtGenLedz
Regular Member
- May 7, 2014
- 475
- 146
It's called Gresham's Law. Google it. Nevermind, I'll do it for you: In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.
Sheepp
Senior Member
- Jan 15, 2018
- 935
- 566
You know, sometimes you're funny and i must admit that i also like sarcastic responses to idiotic posts sometimes, but when i gently point out that imo you're wrong on something, you could reply seriously for once ?
Anyway, for the facts : paypal, neteller and skrill aren't electronic cash, when you give someone paper money, they have it, instantly, without 3rd party, and they can prove it (they have the money in their hand). With paypal & co. you still use an intermediate (paypal server) for the transaction and you don't really have something that you own (just a number right to your name corresponding to your balance on their server). If they close you have nothing. With bitcoin it's like cash, you own something (the bitcoins, on YOUR wallet, unless obviously you use 3rd party wallet but that's not the question here) and you can send it to someone else without intermediate. Obviously you own something but the inner value changes, so it can be worthless if the system is crashing, but still, you own it - just like you would just own paper with no value if the dollar crashed.
So please, you can disagree but then just tell me your arguments (for once), not a sarcastic response like always
You think that was sarcasm? Oh deary me.
NxtGenLedz
Regular Member
- May 7, 2014
- 475
- 146
Neteller / Paypal and the like are electronic money. You want to send it to someone? Enter their email address and bam - it's there! It's just like bitcoin except for it's actually safer. You hear about paypal coins getting hacked nonstop? Soon you will see that this is all big pump and dump.. A bunch of fake money inflating the prices to get you to buy
Whateverest
Elite Member
- Apr 20, 2012
- 2,036
- 1,642
It should be difficult to live one fucked up life with so much hate for people who don't care about your opinion in general I guess.
Do you mind if people will talk whatever they want to instead of listening for another proclaimed pseudo-intellectual forums warrior...
I think all the stupidity driven by the masses is getting equal to all the wanna be smart asses spreading their important opinion. Who knows how it will end up, so far you're on the wrong side since ~2013-2014 and people have made/still making millions, because they took action. Yet you're just talking shit, just wasting your time. Congrats, well done, you're safe. Living safe life should be wealthy and great.
I don't think it's "everyone" will get rich ticket. These are just few wild years where a lot of people will get rich and a lot of people will lose their money because of stupidity or bad luck. If it's too hard to handle for you just skip this market/topic but stop calling everyone being idiots just because it's not for you. It's sad.
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Sheepp
Senior Member
- Jan 15, 2018
- 935
- 566
That's electronic money but not electronic cash, here's the difference... did you even read bitcoin's white paper ? Just re-read my post above and see the difference between just electronic money transfer and electronic cash.
SamLewis
Supreme Member
- Oct 25, 2012
- 1,343
- 1,058
I trade cryptocurrency daily, Im usually on the side for crypto insetad of against because I've seen people make £x0,000s and know that when it crashes (most) people will either be prepared or expect it anyway so it wont be as catastrophic as posters like the OP make out.
But this statement that you just made is pure junk. Talking economics/business/accounting whatever the difference between money and cash is that cash is physical and money is the value, if cash is electronic its not physical. You're statement just contradicts itself.
And who actually cares about the original white paper, its just a gimmick.
Amazon was supposed to be a book shop,
Nintendo sold playing cards,
about a million other companies started out as something else.
Anybody with a little bit of common sense should know that there is no reason for crypto currencys to replace normal digital banking and in most cases that isnt what crypto currencies are being used for today.
Sheepp
Senior Member
- Jan 15, 2018
- 935
- 566
It seems contradictory because it didn't exist, what would you call "a technology that allow electronic transactions with the same properties as physical cash" ? The real name of that technology is now "Bitcoin" and i just used the term "electronic cash" to make sure you understand what bitcoin really is and what you're playing with "daily".
You definitely should read that whitepaper to understand the philosophy behind the currency you're "trading daily" and perhaps after that i would be able to use the real term "bitcoin" and not "electronic cash" without you misunderstanding what i meant.
Sartre
Ignored a dispute resolution thread against them.
- Apr 1, 2010
- 1,672
- 4,573
hope my buddies will sell some before an absolute crash. honestly, several of my buds are keeping 90% of their capital in crypto.
I've heard of a receptionist at another company, taking out a 800 quid loan to buy btc at $12000 for hodling -_-
I've heard of a receptionist at another company, taking out a 800 quid loan to buy btc at $12000 for hodling -_-
I think the best way to make money with this is to short them. I opened a demo account with Plus500 10 days ago (they fund it with an imaginary £50K) and have just kept on selling Bitcoin and Ripple - my demo account is now worth £550K:
Was going to add a screenshot but can't be bothered.
Was going to add a screenshot but can't be bothered.
See my thread about hot crypto picks. I advised to short the top cryptos. Had the cryptards followed my advice, the would have all made millions like me off the crypto crash.
However they rather pretend that even though the vast majority of coins lost 50%+, that they lost nothing.
vilcakurt
Regular Member
- Sep 24, 2016
- 473
- 271
Can you post a link?
Yeah sure. https://www.blackhatworld.com/seo/micky-fus-marvellous-hot-as-fuck-crypto-picks.996377/#post-10671094
