Hi. Just made an account to comment on this. I appreciate your time here and hopefully you'll read this.
I haven't gotten into bitcoin or mining but been reading about it due the recent craze. You might not consider my opinion relevant but I think that for bitcoin to really work at a global scale, the speculation must be removed. This way, I believe, you can actually see other currencies fluctuate compared against bitcoin. To put it in perspective, for example, 1 Calorie is the amount of energy needed to raise the temperature of one gram of water by one degree Celsius; if you could lock the value of 1 bitcoin to something unchangeable, it would mean you could use it to evaluate other currencies worth. Might sound crazy I know, and it would be difficult because in this capitalist world you can put a price on everything; but let's say you lock 1 bitcoin to 1 ton of water (even though the price of water does fluctuate around the world) or maybe something closer to the digital life, maybe 1 bitcoin = 1 licence of winrar.
Don't take my words too seriously, but I've been trading forex and futures markets since 2008, and speculation is the mother of all evil.
Thanks again for this AMA. Have a nice day.
h6180339881 karma
Hi. Just made an account to comment on this. I appreciate your time here and hopefully you'll read this.
I haven't gotten into bitcoin or mining but been reading about it due the recent craze. You might not consider my opinion relevant but I think that for bitcoin to really work at a global scale, the speculation must be removed. This way, I believe, you can actually see other currencies fluctuate compared against bitcoin. To put it in perspective, for example, 1 Calorie is the amount of energy needed to raise the temperature of one gram of water by one degree Celsius; if you could lock the value of 1 bitcoin to something unchangeable, it would mean you could use it to evaluate other currencies worth. Might sound crazy I know, and it would be difficult because in this capitalist world you can put a price on everything; but let's say you lock 1 bitcoin to 1 ton of water (even though the price of water does fluctuate around the world) or maybe something closer to the digital life, maybe 1 bitcoin = 1 licence of winrar.
Don't take my words too seriously, but I've been trading forex and futures markets since 2008, and speculation is the mother of all evil. Thanks again for this AMA. Have a nice day.
View HistoryShare Link