Temple of The Roguelike Forums

Websites => Off-topic => Topic started by: Skeletor on September 12, 2017, 11:19:18 AM

Title: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Skeletor on September 12, 2017, 11:19:18 AM
Anyone enjoying investing in cryptos and ICOs on RogueTemple?
Title: Re: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Krice on September 12, 2017, 12:23:53 PM
No, and I don't get it. How these people are getting money from.. like, nothing? We need to reset this world to stone age and start again from there.
Title: Re: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Skeletor on September 12, 2017, 12:31:36 PM
Hahhaah.. good old Krice. Yes actually that wouldn't be bad except we couldn't play roguelikes!
Maybe going back to the '80s would be enough ha.
Title: Re: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Lord_Mork on September 17, 2017, 04:19:32 PM
No, and I don't get it. How these people are getting money from.. like, nothing? We need to reset this world to stone age and start again from there.

It's the same as government fiat money. A twenty dollar bill is not made out of special twenty dollar cotton; it only has that value because people agree that it does -- out of convenience for buying and selling. Crypto currencies are the same, but entirely digital and managed by private companies, not governments. People who donate processing power on their computer to a crypto company are compensated with currency, which is why people are getting money from "nothing". In reality they're just being paid for a service.
Title: Re: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Krice on September 19, 2017, 09:06:22 AM
it only has that value because people agree that it does

The value is set by how real economy works. It's not a random thing. Crypto is more like stocks, based on imaginary value of things.
Title: Re: Bitcoin, Ethereum, cryptocurrencies, ICOs, etc
Post by: Skeletor on September 22, 2017, 12:21:39 PM
Both cryptos and fiat have not intrinsec value.

The advantage of cryptocurrencies over fiat currencies is that cryptos are decentralized.

The drawback is that you can't pay everyday things such as ladyboys and alcohol with them :-(