"Let's talk about bitcoin" by Craig Grant (Central Intelligence Agency (aka pineal gland))

Your unique way of thinking about the world gives you a real knack for crypto currency. For many it is just way too abstract. But that seems to be how you operate at all times.

$0.07

1 vote

[-]

amor (45) · 8 years ago

Hello!
1 Satoshi = ( 1 Bitcoin ) ÷ 100,000,000
I get that is infinite amount of Bitcoin, because of the 8decimal system.
And it must be a price equilibrium with other cryptocurrencies.

But bitcoin is the technology core of all cryptos? and all other coins are the same 8 decimal division. If I have steem, ether and other coins, they will be infinite as well.
All coins are scam if they not change rules of minimum transaction. And there are more steem than bitcoin?
What do you think ? thanks!

$0.07

2 votes

[-]

craig-grant (75) · 8 years ago (edited)

Bitcoin advertises itself as being valuable because it is limited, steem does not advertise itself as being limited, steem advertises being inflationary, and valuable because of steem power that protects from the inflation

$0.07

10 votes

[-]

exitmass (57) · 8 years ago

I was listening to this last night while taking apart a crib and in the middle of it I was like "in 10 minutes you just shattered my entire bitcoin universe" you're like the flow master

$0.06

1 vote

[-]

craig-grant (75) · 8 years ago

YES :)

$0.07

1 vote

[-]

jed78 (61) · 8 years ago

Finally the popeye shirt!
Btc has the value it has because other people assign it that value, just like fiat currency, when in reality it's all just numbers on a ledger, with no real worth.

$0.06

4 votes

[-]

craig-grant (75) · 8 years ago

and I say the value is $10, so everybody else will think about it, then agree with me :)

$0.06

2 votes

[-]

jed78 (61) · 8 years ago

sounds good to me!

$0.00

2 votes

[-]

dafar (37) · 8 years ago (edited)

You went full retard on this one Craig. It's painfully obvious that you are anti-bitcoin to a near cult level

If I buy 1 million bitcoin, and 20 million people buy 1 bitcoin each then there are no more bitcoin left. That's not the same as having an infinite supply are you nuts?? lol

$0.05

4 votes

[-]

craig-grant (75) · 8 years ago

The trick to run up the bitcoin price, is preach against it for the fight.

$0.06

2 votes

[-]

michaellamden68 (69) · 8 years ago

Very good post, thanks for sharing.

$0.00

1 vote

[-]

jusan (39) · 8 years ago

Ya, I wonder if there will ever be an altcoin that could take over bitcoin

$0.00

1 vote

[-]

craig-grant (75) · 8 years ago

there will many that can take it over when bitcoin crashes to $10

$0.06

5 votes

[-]

feedthemachine (44) · 8 years ago

Good one @Craig-grant. Don't really agree that Bitcoin will never turnaround but it does have a brand problem. Funny statement, "I'm going to stay away from that Bitcoin s3ht! "
My understanding is that the Bitcoin blockchain which is the true ledger is separate from the Steem ledger. In fact Steem needs Bitcoin as a token on "the Blockchain". Otherwise, it'll just be a side chain. Keep rockn' brother.

$0.00

[-]

brianphobos (70) · 8 years ago

Craig you are very interesting

$0.00

[-]

lchow14 (35) · 8 years ago

Thanks for sharing. Great to hear someones open and honest responses to the evolution of cryptocurrency

$0.00

[-]

craig-grant (75) · 8 years ago

YES :)

$0.06

3 votes