Do you think bitcoin...

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January 5th, 2018 at 12:54:05 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 765
Posts: 9037
Quote: AZDuffman
Their population decline will be a mirror to the future for the rest of the world.


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: 18
Posts: 2431
Quote: Pacomartin
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?
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
Everyone gets thrown from the plane to maintain altitude
January 6th, 2018 at 9:14:41 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 50
Posts: 5278
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: 765
Posts: 9037
Quote: Fleastiff
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.


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: 111
Posts: 12491
Quote: Pacomartin
Dogecoin worth $1.72 billion USD as of January 6.


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: 765
Posts: 9037
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: 111
Posts: 12491
Quote: Pacomartin
I am not saying it is not mass delusion,


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: 105
Posts: 7362
Quote: Evenbob


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.


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 man who damns money has obtained it dishonorably; the man who respects it has earned it
January 7th, 2018 at 11:18:43 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
Posts: 12491
Quote: AZDuffman
Crypto values are known as they trade openly.


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: 765
Posts: 9037
Quote: Evenbob
Among collectors, yeah. The worth of crypto has not been determinedyet.


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.
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