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  1. #51  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    What backs bitcoin, gold, property of some sort?
    "If the Bible is true why don't we have any urns or vessels that like say expires 6/15/300 BC on the bottom?"
    Alexandria Ocasio Cortez
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  2. #52  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by Rockntractor View Post
    What backs bitcoin, gold, property of some sort?

    Technology and ideas.

    Ripple/XRP for instance lets banks move money arond
    at much faster speed and lower cost per transaction.

    Ripple is the tech and XRP is the coin. You need both
    to do the work. As Ripple is more widely accepted by
    banks the demand for the coin goes up as should the
    value/price.

    And a lot of these new crypto coins are just scams.
    May the FORCE be with you!
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  3. #53  
    Power CUer FlaGator's Avatar
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    Quote Originally Posted by Rockntractor View Post
    What backs bitcoin, gold, property of some sort?
    What backs the America dollar?
    Cast your burden on the Lord,
    and he will sustain you;
    he will never permit
    the righteous to be moved.
    Psalm 55:22
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  4. #54  
    Ancient Fire Breather Retread's Avatar
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    Hoping this guy has it right SR.


    http://fortune.com/2018/04/25/bitcoi...-john-pfeffer/

    John Pfeffer, a partner at his London-based family office Pfeffer Capital, is not only betting on Bitcoin, but giving it a bold price target of $700,000—about 75 times the current Bitcoin price of nearly $9,500.

    While Pfeffer did not put a time frame on his prediction, his target exceeds even optimistic forecasts from other influential investors such as venture capitalist Tim Draper, who earlier this month predicted the Bitcoin price would reach $250,000 by 2022.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    . If you ain't havin' fun, it's your own damn fault
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  5. #55  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    Quote Originally Posted by FlaGator View Post
    What backs the America dollar?
    Federal reserve and our banking system and the word of our government. I can pay all my bills, buy equipment ,Gold any physical object I desire with at least some guarantee of it's value at least for a temporary period.
    "If the Bible is true why don't we have any urns or vessels that like say expires 6/15/300 BC on the bottom?"
    Alexandria Ocasio Cortez
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  6. #56  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Bitcoin is climbing again. At one point today it
    was 8800ish, it's 9220 right now...
    May the FORCE be with you!
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  7. #57  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by Retread View Post
    Hoping this guy has it right SR.


    http://fortune.com/2018/04/25/bitcoi...-john-pfeffer/
    John Pfeffer, a partner at his London-based family office Pfeffer Capital, is not only betting on Bitcoin, but giving it a bold price target of $700,000—about 75 times the current Bitcoin price of nearly $9,500.

    While Pfeffer did not put a time frame on his prediction, his target exceeds even optimistic forecasts from other influential investors such as venture capitalist Tim Draper, who earlier this month predicted the Bitcoin price would reach $250,000 by 2022.
    Crypto is new territory so anything is possible.
    May the FORCE be with you!
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