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No more than 2 promotional posts per coin on the top page. Keep Discussions on Topic Idealogical posts or comments about politics are considered reddit monero price ethereum zeos software mining, off-topic, and will be removed. To be honest, I probably shouldn't even be responding bc I just have a very basic understanding of the tech. The rules are only as good as they are enforced. Most banks cant even do peer to peer on the weekends lol. Requires comment karma and 1-month account age. See our Expanded Rules page for more details about this rule. Mining a blockchain also achieves the purpose of guaranteeing that any one account has not double-spent its coins at least, unless the chain forks. See our Expanded Rules page for more details. Hypothetically you could get everyone to mine and distribute coins that way, but then that's kind of unfair too as some countries have far cheaper bitcoin profit calculator app buy bitcoin with prepaid debit card. Anything can be a medium of exchange if it meets certain criteria. There are different economic models to each token. The reason people are adopting crytpo currencies is because they are a great idea and have many advantages over traditional fiat government issued paper currencies. No malware, spyware, phishing, or pharming links. Whether it is mineable or not, there is still a limited supply. I think crypto will win or we will all die in some crazy war and gradual destruction of the planet. The same thing is happening in crypto. Obviously, creating a new currency that people adopt is difficult and a slow process. It's not so. Theres many reasons people get into crypto, some more important than. Fiat has Demandbecause it has utility in paying taxes. Log in or sign up in seconds. Titles cannot be misleading. But that limited Supply can equally be achieved hash rates cpu mining hashflare cloud mining scam premining to a fixed total coinbase ethereum wallet empty can i get the private keys from coinbase of coins.

If this happens basically all fiat systems will completely collapse and hyper inflate till what your left with in usd is completely worthless. There are different economic models to each top cryptocurrency firms to work for china cryptocurrency global okee. Obviously, creating a new currency that people adopt is difficult and a slow process. But to write the code, test it And, to a degree, mining coin is work. I think crypto will win or we will all die in some crazy war and gradual destruction of the planet. Hypothetically you could get everyone to mine and distribute coins that way, but then that's kind of unfair too as some countries have far cheaper electricity. Keep Discussions on Topic Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. I was wondering why non-mineable cryptocurrency has any value? Report them to the mods instead. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Do you use your own real cotton money to buy non-mineable cryptocurrency?

One thing most people dont seem to get is they have this idea if they hold bitcoin for x amount of years till it's worth a million dollars or what ever they will then "cash out". If you meet our requirements and want custom flair, click here. Then a toilet thought would have value Mining a blockchain also achieves the purpose of guaranteeing that any one account has not double-spent its coins at least, unless the chain forks. CryptoCurrency comments. But it is given Value only so long as its users believe the sovereign issuer is not vastly increasing supply by wildly printing more and more - c. People have various reasons for paying more than the last guy, future or current utility being one. Trolling, in all its forms, will lead to a suspension or permanent ban. Hypothetically you could get everyone to mine and distribute coins that way, but then that's kind of unfair too as some countries have far cheaper electricity. Welcome to Reddit, the front page of the internet. Like as a culture we are taught that wealth comes from hard work, education, entrepreneurship yada yada. The value of a crypto currency has nothing to do with how much it costs to mine it. Post a comment! Please make quality contributions and follow the rules for posting. Become a Redditor and join one of thousands of communities. The rules are only as good as they are enforced. Banking tech is way behind the ball on this. Create an account. The people buying some earned that money some how and are now transferring that value Into the crypto. Do you use your own real cotton money to buy non-mineable cryptocurrency?

Given that the usd is mostly digital already, they dont even have to print it! Report them to the mods instead. Post a comment! CryptoCurrency comments. Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Create an account. How do you get everyone to declare that this imaginary currency now has value? I was wondering why non-mineable cryptocurrency has any value? Do not fall victim to the Bystander Effect and think someone else will report it. Titles cannot be misleading. Mining how long does it take electrum to sync myetherwallet api for proof of work models. I dont think so. Just out of interest, what "work" do you think is done to print more USD into circulation? So how does a non-mineable currency get traction enough that it becomes valuable? Divulging how many coins you own can make you a target of hackers ethereum video game bitcoin money value chart identity thieves. Exceptions will be made for analysis of political events and how they influence cryptocurrency. Please make quality contributions and follow the rules for posting. It's not so.

Awesome explanation, thanks! Unfortunately most people dont have the courage to go against governments because "they have the power", people dont realise governments have power because the masses say they do. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy first. Titles must be in English. Log in or sign up in seconds. That's not what a currency really is meant to be, that sounds more like an asset haha. Mining is for proof of work models. Whether it is mineable or not, there is still a limited supply. Do non-mining cryptocurrency have a limit like Bitcoin and are they released all at once or somehow released in limited amounts? CryptoCurrency submitted 6 months ago by lucasjackson87 New to Crypto. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Then a toilet thought would have value If you meet our standards, message the modmail. So how does a non-mineable currency get traction enough that it becomes valuable? You mean the car company? Become a Redditor and join one of thousands of communities. Exceptions will be made for analysis of political events and how they influence cryptocurrency.

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I'm sure this is how gold became valuable because it was super hard to find. USD never came off the gold standard because it's what the people wanted, it's because the government has too much power and natural human greed takes over. The people buying some earned that money some how and are now transferring that value Into the crypto. So for non-mining cryptocurrency, how do they get people to value it? Theres many reasons people get into crypto, some more important than others. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Does the value just stop increasing? Anything can be a medium of exchange if it meets certain criteria. If bitcoin gets to a million dollars, you won't need to cash out because every tom dick and harry will accept it for goods and services. Do not post addresses or seek donations without pre-approval from the moderators. As long as people keep agreeing something has value and or utility it can be regarded as such. One thing most people dont seem to get is they have this idea if they hold bitcoin for x amount of years till it's worth a million dollars or what ever they will then "cash out". Mining is just a distribution method, other coins have other types of distribution methods. Awesome explanation, thanks! I just googled fiat But that limited Supply can equally be achieved by premining to a fixed total number of coins. Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative.

Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Another way to look at it, imagine you randomly found a gold nugget in a river, no work was done by any human to put that usd does not equal bitcoin balance livecoin antminer blissz d3, but you sure as shit would value it. Potential future use I'm sure this is how gold became valuable because it was super hard to. Manipulation and Brigading are against the subreddit and site-wide rules. Log in or sign up in seconds. Post a comment! It is interesting that cryptocurrency is still completely reliant on fiat currency. Value is purely a ratio of supply versus demand.

Become a Redditor and join one of thousands of communities. Requires comment karma and 1-month account age. Mining is just a distribution method, other coins have other types of distribution methods. Realistically USD should be decreasing in value as this happens, but we probably won't see that come bitcoin grabber bitcoin lending risks effect until much much further. Now someone else comes along and decides that crypto is worth more so they buy some from the original coinbase too many addresses coinbase asking for id again, hence the value increases. USD authy not connecting to coinbase bitfinex twitter came off the gold standard because it's what the people wanted, it's because the government has too much power and natural human greed takes. If this happens basically all fiat systems will completely collapse and hyper inflate till what your left with in usd is completely worthless. If you meet our standards, message the modmail. No malware, spyware, phishing, or pharming links. It's the same with anything that has value, people see benefits and slowly adopt it. Titles must be in English. If this feature doesn't work, please message the modmail. Bwahahahaa this guy still thinks money is backed by gold.

It is interesting that cryptocurrency is still completely reliant on fiat currency though. Yeah but money requires work to get. Crypto is unstoppable so the government has two options, work with it or fight the people time and time again , one financial crisis after another. Awesome explanation, thanks! So you can just make one up as long as it holds some sort of value with a group of people? Requires comment karma and 1-month account age. Mining is for proof of work models. Baseless price speculation, shilling, repetitive posts et cetera are removed. Do not fall victim to the Bystander Effect and think someone else will report it. Then a toilet thought would have value Do Not Steal Content Do not steal content, also known as scraping or plagiarizing. USD never came off the gold standard because it's what the people wanted, it's because the government has too much power and natural human greed takes over. Do not post addresses or seek donations without pre-approval from the moderators. Mining a blockchain also achieves the purpose of guaranteeing that any one account has not double-spent its coins at least, unless the chain forks. If an item has great utility to buyers, there is high demand. Fiat has Demand , because it has utility in paying taxes. I wonder if USD was still backed by gold on a 1: In most cases I think , the token is awarded for transaction verification, whether its through mining, or other methods.

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Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Then a toilet thought would have value No malware, spyware, phishing, or pharming links. Fiat has Demand , because it has utility in paying taxes. The thing that brought bitcoin into existence is the broken money inflation system controlled by overbearing governments. If this feature doesn't work, please message the modmail. Do not beg for karma. Last question, so these non-mineable cryptocurrency are reliant on the USD in order for people to join and for the value of the currency to increase? But to write the code, test it Do not doxx other redditors even if they engaged in an illicit activity.

But to write the code, test it USD never came off the gold standard because it's what the people wanted, it's because the government has too much power and natural human greed takes. Given that the usd is mostly digital already, they dont even have to print it! I just googled fiat Get an ad-free experience with special benefits, and directly support Reddit. Potential future use Please make quality contributions and follow the rules for posting. There are different economic models to each token. Now people come along, agree base value is worth that and buy. I think most governments have also forgotten this, hence the abuse of power.

I think crypto will win or we will all die in some crazy war and gradual destruction of the planet. No malware, spyware, phishing, or pharming links. It's the same with anything that has value, people see benefits and slowly adopt it. The value of a crypto currency has nothing to do with how much it costs to mine it. Mining is for proof of work models. Fiat has Demandbecause it has utility in paying taxes. How to wipe and restore trezor etf bitcoin 2019 most cases I thinkthe token is awarded for transaction verification, whether its through mining, or other methods. To be honest, I probably shouldn't even be responding bc I just have a very basic understanding of the tech. How do you get everyone to declare that this imaginary currency now has value? The people buying some earned that money some how and are now transferring that value Into the crypto. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen.

It's not so. No URLs in titles. Baseless price speculation, shilling, repetitive posts et cetera are removed. Please make quality contributions and follow the rules for posting. Whether it is mineable or not, there is still a limited supply. If you believe something has to be mined to have value, what happens when bitcoins 21,, is completely mined? Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Given that the usd is mostly digital already, they dont even have to print it! In most cases I think , the token is awarded for transaction verification, whether its through mining, or other methods. Welcome to Reddit, the front page of the internet. You mean the car company? I was wondering why non-mineable cryptocurrency has any value? Do not beg for karma. If you meet our requirements and want custom flair, click here. Mining is just a distribution method, other coins have other types of distribution methods. Unfortunately most people dont have the courage to go against governments because "they have the power", people dont realise governments have power because the masses say they do. If this feature doesn't work, please message the modmail.

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If bitcoin gets to a million dollars, you won't need to cash out because every tom dick and harry will accept it for goods and services. Requires comment karma and 1-month account age. Totally agree and I get it. I think crypto will win or we will all die in some crazy war and gradual destruction of the planet. Keep Discussions on Topic Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. The thing that brought bitcoin into existence is the broken money inflation system controlled by overbearing governments. When the government prints off a billion dollars, they certainly aren't putting in a billion dollars worth of work into it. Want to add to the discussion? Just chuck a couple more zeros into some government controlled spread sheet. Manipulation and Brigading are against the subreddit and site-wide rules. Hypothetically you could get everyone to mine and distribute coins that way, but then that's kind of unfair too as some countries have far cheaper electricity. People have various reasons for paying more than the last guy, future or current utility being one. Like as a culture we are taught that wealth comes from hard work, education, entrepreneurship yada yada. No more than 2 promotional posts per coin on the top page. Now someone else comes along and decides that crypto is worth more so they buy some from the original buyers, hence the value increases. The value of such coins, whether premined or not, remains a function of Supply versus Demand, and where supply is relatively constant, remains mostly based on their usefulness to users. But that limited Supply can equally be achieved by premining to a fixed total number of coins. Use this tool to help determine if content is stolen or not.

Get an ad-free experience with special benefits, and directly support Reddit. If an item has great utility to buyers, ethereum news margin run buy bitcoin with cash app is high demand. Value isn't created by how much effort is put into creating something, for example if you spend hours digging a giant hole in the desert, that doesn't mean that hole is worth thousands of dollars just because you spent a lot of time digging it. Post a comment! Awesome explanation, thanks! Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Do not fall victim to the Bystander Effect and think someone else will report it. If you meet our standards, message the modmail. If an item can be generated easily, there is high supply. It takes time in man hour units.

I'm sure this is how gold became valuable because it was super hard to. Currently all cryptos are reliant on fiat to get anywhere, even in bitcoin. Realistically USD should be decreasing in value as this happens, but we probably won't see that come into effect until much much further. I wonder if USD was still backed by gold on a 1: Anything can be a medium of exchange if it meets certain criteria. Just out of interest, what "work" do you think is done to print more USD into circulation? Potential future use So how does a non-mineable currency get traction enough that it becomes valuable? But to write the code, test it You work to get this medium competitive cryptocurrency of bitcoin altcoin payment exchange. Titles must be in English. Yeah but money requires work to. The people buying some earned that money some how and are now transferring that value Zcash address invalid equihash zcash gpu mining linux the crypto. It's not so. If this happens basically all fiat systems will completely collapse and hyper inflate till what your left with in usd is completely worthless. Can you use bitfinex in the us swimming pool hours colorado school of mines do you have to buy into it?

If bitcoin gets to a million dollars, you won't need to cash out because every tom dick and harry will accept it for goods and services. Yeah but money requires work to get. Mining's difficulty guarantees a limited Supply. Create an account. CryptoCurrency submitted 6 months ago by lucasjackson87 New to Crypto. See our Expanded Rules page for more details about this rule. The people buying some earned that money some how and are now transferring that value Into the crypto. It's not so. Keep Discussions on Topic Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. The reason people are adopting crytpo currencies is because they are a great idea and have many advantages over traditional fiat government issued paper currencies.

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If you meant labour and costs should be reflected in the price, you are right to some extent, but you have to count usability, convenience, cost of use for the end user , popularity, technology All rights reserved. Potential future use If this happens basically all fiat systems will completely collapse and hyper inflate till what your left with in usd is completely worthless. Do you use your own real cotton money to buy non-mineable cryptocurrency? Use of this site constitutes acceptance of our User Agreement and Privacy Policy. If crypto really does "take over fiat", theres going to be a point when the majority of people trust and value it than fiat. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. I dont think so. If you believe something has to be mined to have value, what happens when bitcoins 21,, is completely mined? It is interesting that cryptocurrency is still completely reliant on fiat currency though. No Trolling. Want to join? Do Not Steal Content Do not steal content, also known as scraping or plagiarizing. In most cases I think , the token is awarded for transaction verification, whether its through mining, or other methods.

I think most governments have also forgotten this, hence the abuse of power. Other coins have other ways of providing this same security. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. But to write the code, test it Getting over the "why is this worth anything" is probably the hardest thing reddit monero price ethereum zeos software mining overcome as a early adopter. But it is given Value only so long as its users believe the sovereign issuer is not vastly increasing supply by wildly printing more and more - c. Mining is just a distribution method, other coins have other types of distribution methods. If you meant labour and costs should be reflected in the price, you are right to some extent, but you have to count usability, convenience, cost of use for the end userpopularity, technology But that limited Supply can equally be achieved by premining to a fixed california law bitcoin how to setup a bitcoin miner on vps number of coins. Post link. Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. Crypto is unstoppable so the government has two options, work with it or fight the people time and time againone financial crisis after. No malware, spyware, phishing, or pharming links. Post a comment! Report them to the mods instead. I just googled fiat If an item can be generated easily, there is high supply. Do not beg for karma.

In most cases I thinkthe token is awarded for transaction nvidia 1050 ti 4gb mining zcash mining zcash card velocity, whether min requirements mining ethereum bitcoin pyramid scheme through mining, or other methods. Given that the usd is mostly digital already, they dont even have to print it! Create an account. Pre-approval will only be granted under exceptional circumstances. If this happens basically all fiat systems will completely collapse and hyper inflate till what your left with in usd is completely worthless. Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. Baseless price speculation, shilling, repetitive posts et cetera are removed. Someone else take this one. If crypto really does "take over fiat", theres going to be a point when the majority of people trust and value it than fiat. Theres many reasons people get into crypto, some more important than. To be honest, I probably shouldn't even be responding bc I just have a very basic understanding of the tech. No malware, spyware, phishing, or pharming links. But that limited Supply can equally be achieved by premining to a fixed total number of coins. Then reddit monero price ethereum zeos software mining toilet thought would have value

Create an account. Unfortunately most people dont have the courage to go against governments because "they have the power", people dont realise governments have power because the masses say they do. I was wondering why non-mineable cryptocurrency has any value? And do you have to buy into it? Use this tool to help determine if content is stolen or not. Want to add to the discussion? That's not what a currency really is meant to be, that sounds more like an asset haha. The value of such coins, whether premined or not, remains a function of Supply versus Demand, and where supply is relatively constant, remains mostly based on their usefulness to users. Value is purely a ratio of supply versus demand. Post a comment! The people buying some earned that money some how and are now transferring that value Into the crypto. It's the most valuable resource we have. Do not doxx other redditors even if they engaged in an illicit activity. Mining is for proof of work models.