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homopit
replied 1950d
What you want is hard to achieve with a hard cap money. What everybody want with such money is, and will continue to be, speculation. And that will never cure the volatility.
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555
replied 1950d
Has nothing to do with hard cap
replied 1950d
Not hard to achieve if everybody accepts it. If I can spend it everywhere, I have no need to switch back to fiat. The hard part is getting everybody to accept it.
homopit
replied 1950d
Hard cap money will always remain primarily a speculation tool. A small amount that will be actually circulating, will not be able to cure volatility. The ratio will be just too much.
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555
replied 1950d
There will be like 20x the amount of transactions that BTC is seeing right now.
replied 1950d
I don't know what you mean by small amount. Eventually there will be billions of transactions a day. The price isn't going to move.
homopit
replied 1950d
With hard cap money people will always speculate on its future value, and rather use fiat money to buy goods and services. That's the principle of "bad money drives out good money".
replied 1950d
Purse.IO is also very popular. That's why it was saved. So many people are using BCH to buy things with.
homopit
replied 1950d
I'm also using BCH wherever I can, and there are more than 800 places in my small country that accept it, but I'm not going to deceive myself that it will become widespread.
replied 1950d
BCH operates fine as a niche, standalone, system. We have something the banks can’t shutdown or take away, we’ll be ready to grow and help people when they can be bothered to look
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homopit
replied 1950d
"So many"?!? Come on, get back to Earth.
replied 1950d
Clearly just your opinion. I already use BCH where I can. Mostly purse.io. So that throws your theory out the window.
homopit
replied 1950d
That's you. And you are throwing away a known, established theory, not mine theory.
replied 1950d
It’s only a matter of time and inflation, nothing happens until things happen abruptly.
homopit
replied 1950d
Most coins will be "locked" in exchanges, only small part will be actually circulating for buying goods.
replied 1950d
Exchanges can't lock coins. What's going to happen is exchanges will have less coins and people will be trading fractions of a coin.
homopit
replied 1950d
I think you are misunderstanding the point that I'm trying to convey to you.
replied 1950d
Maybe so because you're not making any sense.
homopit
replied 1950d
and it's also hard to convey this in this limited space
homopit
replied 1950d
I know that it's hard to awake somebody that's deep into something, that can't see the reality.
replied 1950d
If there are only 2 coins in the world and they are valued at 100.00 and nobody sells for fiat at a cheaper price, there is no volatility.
homopit
replied 1950d
OK, enough now, this is becoming ridiculous.
homopit
replied 1950d
There isn't such a world and, be honest to yourself, there will never be such a world.
replied 1950d
Be honest, that is a lousy answer. This is what you say when you have no answer.
homopit
replied 1950d
If your question starts "there are only 2 coins in the world", then that above was my answer.
replied 1950d
If I can spend my 100.00 coin anywhere, then why would I sell it for a cheaper price? I can't paint the picture any clearer.
homopit
replied 1950d
You're painting your own picture, how you see the world. It doesn't mean that your picture is a real world.
replied 1950d
I am just stating at an elementary level full understanding of what you say isn't true.
homopit
replied 1950d
In imaginary worlds anything can be true.
replied 1950d
It's a simple concept If a coin is not being traded back for fiat, there is no volatility
homopit
replied 1950d
;) it's a cute concept, but there will always be fiat, and there will always be exchange-trading and speculation, and with hard cap money that will be more profitable than buying stuff
replied 1950d
Yep, but the trade back to fiat will be so small compared to the overall transactions. It won't affect anything.
homopit
replied 1950d
That's your theory. And it's OK to be your theory. I explained another theory. A wide known theory.
replied 1950d
Game over.
homopit
replied 1950d
What the fuck are you even talking about. Please put down that beer.
replied 1950d
I don't drink. That's why I never lose an argument. You can't defend your opinion with what I said, so you come up with this statement. It's perfectly clear. .
homopit
replied 1950d
You presented no argument and your opinion is from a fantasy world. How you want me to treat you then.
replied 1950d
I would be willing to bet that Satoshi is smarter than you are.
replied 1950d
Mike, homopit; The better points of your debate will be lost with these appeals to authority.
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homopit
replied 1950d
You're right. Do I even remember why this started? Ah, two theories: hard money, or money with healthy inflation. That debate will never end.
replied 1950d
one more thing.If you look back to like 2014, Bitcoin went from like 200 to 1200 in one day. Why? because there were less traders, less transactions.More transactions = less volatility
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555
replied 1950d
Go look at a penny stock with hardly any transactions. The BUY and the ASK are like 300% apart. But the minute many transactions start happening the Buy And ASK tighten up.
replied 1950d
Billions of transactions the price won't move.
replied 1950d
The debate will end because there will eventually be an answer after it's played out. But who knows how long it will take. Could be many, many years.
replied 1950d
Go back and read what Bitcoin is about and why Satoshi chose Deflationary instead of inflationary and this will all go away. Simple as that.
replied 1950d
If I can't spend it everywhere. What if I go to Australia and they won't accept it. Then maybe taking 15.00 for it in Australian dollars is a good deal.
replied 1950d
There is only 1 1849 20.00 gold coin in the Smitsonian. I guarantee you can take that 1 coin and spend it anywhere for 20.00. Why would I ever sell if for cheaper than 20.00?
replied 1950d
“You’re telling me I can cash the capital gains from my satoshi in fiat?”

“No, Neo, I’m telling you that when you’re ready, you won’t have to.”


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