Value of feathercoin or any other coins for that matter is
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[quote name=“mmyhre” post=“45186” timestamp=“1387227284”]
[quote]This is true for any currency or any item. Im sure a glass of water here in Missouri where we get lots of rain, have people who get water from undergrounds springs and lots of rivers would sell for $0. Now im sure that same glass of water offered to someone where its a arid dry place would gladly offer $$$$ for it. Point is in my noobish opinion everything has as much value as much faith people put into it or how bad they want it to create demand. [/quote]The real value of the water however is still 0. But under the right circumstances yeah one would pay a million for a glass of it.
But when a monsun like downpour occurs you are soon out of customers.
[/quote][img]http://verysmartbrothas.com/images/Do-not-think-it-means.jpeg?c07647[/img]
Sorry, that’s not how value works.
Value is, according to the English dictionary, the importance, worth, or usefulness of something. If it has importance, worth, or usefulness, it has value.
I think we can safely put this argument to rest: You’re using the word wrong.
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[quote]Value is, according to the English dictionary, the importance, worth, or usefulness of something. If it has importance, worth, or usefulness, it has value.[/quote]
Pardon me. I do not have English as native language, but i still think you catch the point.
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[quote name=“mmyhre” post=“45232” timestamp=“1387234449”]
[quote]Value is, according to the English dictionary, the importance, worth, or usefulness of something. If it has importance, worth, or usefulness, it has value.[/quote]Pardon me. I do not have English as native language, but i still think you catch the point.
[/quote]I really don’t. You keep saying something which has obviously value has no value. It doesn’t make any sense at all.
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Dont argue with Kevlar, hes always right ;)
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[quote name=“ChekaZ” post=“45238” timestamp=“1387235404”]
Dont argue with Kevlar, hes always right ;)
[/quote]Nah, I’ve been wrong before. I once thought that water conducted electricity, and that nothing could travel faster than the speed of light. Turns out I was wrong on both accounts.
Being informed doesn’t mean knowing everything. I’m knowledgeable, but I’m not infallible.
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[quote name=“Kevlar” post=“45246” timestamp=“1387237237”]
[quote author=ChekaZ link=topic=6061.msg45238#msg45238 date=1387235404]
Dont argue with Kevlar, hes always right ;)
[/quote]Nah, I’ve been wrong before. I once thought that water conducted electricity, and that nothing could travel faster than the speed of light. Turns out I was wrong on both accounts.
Being informed doesn’t mean knowing everything. I’m knowledgeable, but I’m not infallible.
[/quote]:'( That is true Wisdom.
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[quote name=“Bunnywinkles” post=“45283” timestamp=“1387247304”]
[quote author=Kevlar link=topic=6061.msg45246#msg45246 date=1387237237]
[quote author=ChekaZ link=topic=6061.msg45238#msg45238 date=1387235404]
Dont argue with Kevlar, hes always right ;)
[/quote]Nah, I’ve been wrong before. I once thought that water conducted electricity, and that nothing could travel faster than the speed of light. Turns out I was wrong on both accounts.
Being informed doesn’t mean knowing everything. I’m knowledgeable, but I’m not infallible.
[/quote]:'( That is true Wisdom.
[/quote]Stop with the tears you’ll make me cry :'(
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[quote name=“Kevlar” post=“45246” timestamp=“1387237237”]
… that nothing could travel faster than the speed of light. Turns out I was wrong on both accounts.
[/quote]Come again?
That neutrino thing failed.
What is this faster than light you speak of?
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I’m gonna start a new thread in Off-Topic. I’m interested to see where this goes.
[url=http://forum.feathercoin.com/index.php/topic,6113.0.html]http://forum.feathercoin.com/index.php/topic,6113.0.html[/url]
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[quote]Dont argue with Kevlar, hes always right[/quote]
Yeah so it would seem.
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[quote name=“zerodrama” post=“45327” timestamp=“1387256572”]
[quote author=Kevlar link=topic=6061.msg45246#msg45246 date=1387237237]
… that nothing could travel faster than the speed of light. Turns out I was wrong on both accounts.
[/quote]
Come again?
That neutrino thing failed.
What is this faster than light you speak of?
[/quote]Tachyons, A hypothetical subatomic particle that always travels faster than the speed of light. Proposed by Albert Einstein.
It is pretty likely that our Universe is a Black hole inside a “parent Universe”, where light travels faster than the speed of light in our Universe…
Is this the ultimate in Off Topic?
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Ding Ding; Round 2. Pass the popcorn wife, good show going on here. Love this forum.
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[quote name=“BikerGSX” post=“45424” timestamp=“1387285112”]
Ding Ding; Round 2. Pass the popcorn wife, good show going on here. Love this forum.
[/quote]Popcorn Wives. I love grammar. It makes a new thing in its absence.
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[quote name=“mmyhre” post=“44903” timestamp=“1387182447”]
0 = ZeroFor all people reading this it is important to know that. No matter how much i personally love alt coins it be bitcoins or feathercoins the real value is 0. You can however say the same for dollar, euro, pounds or what ever kind of currency out there.
The problem for alt coins is that there is no real use for them yet except being a fake store of value ( the greater fool theory ). Unlike fiat you still cannot buy a house, pay taxes nor do anything with alt coins except gamble, buy hookers, drugs and other things ordinary people dont really need. ( Yeah i know there is much more, but you get the picture)
The dollar was as known pegged to gold until early 80, and that is what needs to happen to bitcoins.
Lets play with the idea of 1 bitcoin = 1 oz gold. If that was true one could pretty easy calculate real value of alt coins by factoring in bitcoins as the value factor in the same way as dollars where for all other currencies we have today.
So is this possible ?. Maybe, but probably not.
But i love the consept of alt coins and will continue to mine simply because the idea appeals to me, however it is important to know just what alt coins is at this present day in time. Just a big currency ponzi game.
Morten
[/quote]You sound like you have a lot to learn…
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[quote]You sound like you have a lot to learn…[/quote]
I have always been open to ideas and that`s also way i am in this very market. My suggestion was simply to put some value or find a way to put some stability behind the crypto world.
You might want to look what has happend in bit and lite coin as of lately. Exactly the sort of stuff i hate to see, but is bound to happen when you have wild speculation in any asset.
To make a currency attractive and widespread you want people using it, not collecting it and sitting around and waiting to get rich.
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I’m creating fedoracoin. You can send to different kinds of addresses to affect the difficulty, the reward, the block rate, and the retarget time.
Oh and the difficulty starts at infinity and goes down as more people come into the network.
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[quote name=“zerodrama” post=“45833” timestamp=“1387376275”]
I’m creating fedoracoin. You can send to different kinds of addresses to affect the difficulty, the reward, the block rate, and the retarget time.Oh and the difficulty starts at infinity and goes down as more people come into the network.
[/quote]I’m really tired at the moment… Are you serious or just lol’ing around?
Infinity is a really large number…
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[quote name=“Calem” post=“45834” timestamp=“1387376836”]
[quote author=zerodrama link=topic=6061.msg45833#msg45833 date=1387376275]
I’m creating fedoracoin. You can send to different kinds of addresses to affect the difficulty, the reward, the block rate, and the retarget time.Oh and the difficulty starts at infinity and goes down as more people come into the network.
[/quote]I’m really tired at the moment… Are you serious or just lol’ing around?
Infinity is a really large number…
[/quote]I’m serious. Infinity is not a number. It’s a concept.
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[quote name=“zerodrama” post=“45838” timestamp=“1387377666”]
I’m serious. Infinity is not a number. It’s a concept.
[/quote]I would love to have a one on one via skype and pick your brain over this. You have my curiosity…
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[quote name=“Calem” post=“45841” timestamp=“1387377867”]
[quote author=zerodrama link=topic=6061.msg45838#msg45838 date=1387377666]
I’m serious. Infinity is not a number. It’s a concept.
[/quote]I would love to have a one on one via skype and pick your brain over this. You have my curiosity…
[/quote]Aleph numbers: https://en.wikipedia.org/wiki/Aleph_number
