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originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
originally posted by: strongfp
originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
Right. So, how will the person who wants the skyscraper built, or rather, multiple people, get their bitcoin to pay the company I work for?
And who will pay the iron workers to erect the building?
It seems like bitcoin is just a fancy form of electronic currency, what makes it more 'valuable' to me and others who work with their hands to create material goods?
Honestly, from my point of view, if I can't hold cash in my hand, then it's worthless. at least current money can be translated into a physical good for me to trade for a livelihood.
originally posted by: strongfp
originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
Right. So, how will the person who wants the skyscraper built, or rather, multiple people, get their bitcoin to pay the company I work for?
And who will pay the iron workers to erect the building?
It seems like bitcoin is just a fancy form of electronic currency, what makes it more 'valuable' to me and others who work with their hands to create material goods?
Honestly, from my point of view, if I can't hold cash in my hand, then it's worthless. at least current money can be translated into a physical good for me to trade for a livelihood.
originally posted by: strongfp
originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
Right. So, how will the person who wants the skyscraper built, or rather, multiple people, get their bitcoin to pay the company I work for?
And who will pay the iron workers to erect the building?
It seems like bitcoin is just a fancy form of electronic currency, what makes it more 'valuable' to me and others who work with their hands to create material goods?
Honestly, from my point of view, if I can't hold cash in my hand, then it's worthless. at least current money can be translated into a physical good for me to trade for a livelihood.
a reply to: strongfp
Right. So, how will the person who wants the skyscraper built, or rather, multiple people, get their bitcoin to pay the company I work for? And who will pay the iron workers to erect the building? It seems like bitcoin is just a fancy form of electronic currency, what makes it more 'valuable' to me and others who work with their hands to create material goods? Honestly, from my point of view, if I can't hold cash in my hand, then it's worthless. at least current money can be translated into a physical good for me to trade for a livelihood.
originally posted by: strongfp
originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
Right. So, how will the person who wants the skyscraper built, or rather, multiple people, get their bitcoin to pay the company I work for?
And who will pay the iron workers to erect the building?
It seems like bitcoin is just a fancy form of electronic currency, what makes it more 'valuable' to me and others who work with their hands to create material goods?
Honestly, from my point of view, if I can't hold cash in my hand, then it's worthless. at least current money can be translated into a physical good for me to trade for a livelihood.
originally posted by: Bwomp83
originally posted by: strongfp
a reply to: NobodiesNormal
How are you going to pay me bitcoin for welding structural beams for a skyscraper?
Electronically like "almost" every other transaction done these days. It'll be on your debit card. Youll get .000000789 bitcoins thank you
To make Bitcoin mining worthwhile you'd have to set up 4 computers running 24/7. Even then your power bill would far exceed any bits mined
originally posted by: Cofactor
I'm curious how using Bitcoin would compare with the paper fiat method in the case of a long term cataclysm kind of event were internet is severely cripled and no longer accessible everywhere, and most computer system have been zapped. Where electricity and communication are nearly inexistant for ordinary peoples. And would require many years to get to normal again.
originally posted by: ScepticScot
a reply to: booyakasha
Cryptocurrencies are created out of thin air and unlike real currencies there is no mechanism for removing them again.
The value of bitcoin does not come from the energy used to mine them . That energy is used and gone. (Bitcoin mining is inherently economically wastefull as creates nothing of real value).
Bitcoin isn't even a particularly good payment system due to the verification delays.