Do you think bitcoin...
January 5th, 2018 at 12:54:05 AM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Russia and Japan were ranked 4th and 5th in world population in 1950 22.0% China 14.2% India 6.3% United States of America 4.1% Russian Federation 3.3% Japan But after a century according to the UN World total year 2050- Country 17.2% India 16.6% China 3.9% United States of America 3.9% Pakistan 3.5% Indonesia 2.7% Nigeria 2.7% Brazil 2.4% Bangladesh 1.9% Ethiopia 1.8% Dem. Republic of the Congo 1.6% Mexico 1.5% Philippines 1.4% Viet Nam 1.4% Russian Federation <------- 1.3% Iran (Islamic Republic of) 1.3% Egypt 1.2% Japan <------- 1.1% Turkey 0.9% United Rep. of Tanzania 0.8% Thailand 69.10% Top 20 But will all those countries with exploding populations like Pakistan sit idly buy and watch the infrastructure squandered on the aging populations of the world? |
January 5th, 2018 at 10:19:23 PM permalink | |
petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | Doesn't seem like Pakistan is a place anyone wants to get old? http://fuchsia.com.sg/bint-e-fatima-old-home-happened/ https://www.fastcompany.com/3019359/ranking-the-best-and-worst-countries-for-older-people-to-live-in The last official act of any government is to loot the treasury. GW |
January 6th, 2018 at 9:14:41 AM permalink | |
Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Slashdot reported a bitcoin based on a dog meme is now worth a billion dollars..... this frightens me. And I don't even know what a dog meme is. |
January 6th, 2018 at 1:54:10 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Dogecoin worth $1.72 billion USD as of January 6. Since that article on Jan 4, 2018 it has increased another $700 million in 2 days. |
January 6th, 2018 at 5:41:42 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
That's like an appraiser saying a collection of 19th century doo dads is valued at $200,00, for insurance purposes. If they actually tried to sell it, they would get $20K on a good day, if everybody in the world who wanted it was at the auction. If you take a risk, you may lose. If you never take a risk, you will always lose. |
January 6th, 2018 at 7:12:01 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | I am not saying it is not mass delusion, but it is approaching a trillion dollars. Billion $288.38 Bitcoin $122.63 Ripple $102.67 Ethereum $46.94 Bitcoin Cash $26.53 Cardano $16.21 Litecoin $14.66 NEM $13.15 Stellar $11.54 TRON $11.16 IOTA $10.18 Dash $664.05 total over $10billion $151.77 other 1373 cryptos |
January 6th, 2018 at 7:43:09 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
It's not delusion, it's confusing value for worth. I ran into this constantly in the collectible field. A collector would write a value guide, all nice and pretty with lots of pics. Hundreds of categories. And we would use these guides to figure out what our pieces were worth. Only they were never worth what they were valued at. Once in a while they were, but usually you could take 50% of the value price and that was the worth price on any given day. When the 2008 collapse happened, you could throw all the books away, and it still hasn't recovered. That's crypto currency, worth is unknown because it hasn't been tested yet. On the other side, worth of the USD is tested millions of times a day around the world, it's testing is constant. That's what real currency does. Tests the marketplace nonstop. If you take a risk, you may lose. If you never take a risk, you will always lose. |
January 7th, 2018 at 4:16:38 AM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Crypto values are known as they trade openly. Bitcoin is $16,500 as I write this. The problem I see is that so many are trying to value cryptos as a corporation with a P/E and book value. One would never value say A$ this way. There will be some settling, but there is value. For example, Etherium could cut PayPal out of the loop on eBay. It is a place for my Atlantic City money. Ride it up like it is 1999. The President is a fink. |
January 7th, 2018 at 11:18:43 AM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
Among collectors, yeah. The worth of crypto has not been determined yet. We keep going back to Beanie Babies. They were valued highly when being traded by collectors but had no real worth for commerce. If you take a risk, you may lose. If you never take a risk, you will always lose. |
January 7th, 2018 at 11:36:19 AM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Ripple coins trade for $3.38 USD and the Max Supply is 100 billion XRP (unlike Bitcoin which stops at 21 million BTC). Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process. Since 2013, the protocol has been adopted by an increasing number of financial institutions to "[offer] an alternative remittance option" to consumers. Ripple allows for cross-border payments for retail customers, corporations, and other banks, and Larsen was quoted stating that "Ripple simplifies the [exchange] process by creating point-to-point and transparent transfers in which banks do not have to pay corresponding bank fees." Ripple has gone from a market cap of $1 billion on April 2 and exploded to $123 billion (second only to Bitcoin in value) because it has far more flexibility to be used as payment system. |