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Here is really what Makes Cryptocurrencies Valuable


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#1 Indiglow

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Posted 12 November 2013 - 10:57 AM

Of course there is real value in the security, anonymity, and cheaper transactions.  These are the things that will be drawing in businesses to utilize cryptocurrencies and Mincoin has very good advantages to choose it.

 

But what most people don't realize is that Cryptocurrencies are NOT fiat currency!!

 

Cryptocurrencies are all backed by WORK!!

 

 

Work is the most valuable thing to back a currency with.  Its better than gold since gold only has perceived value!  Work always will have real value!

 

No new blocks of Mincoin or any other crypto will ever be found unless work is done to find them!


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#2 Indiglow

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Posted 12 November 2013 - 10:59 AM

Of course there is real value in the security, anonymity, and cheaper transactions.  These are the things that will be drawing in businesses to utilize cryptocurrencies and Mincoin has very good advantages to choose it.

 

But what most people don't realize is that Cryptocurrencies are NOT fiat currency!!

 

Cryptocurrencies are all backed by WORK!!

 

 

Work is the most valuable thing to back a currency with.  Its better than gold since gold only has perceived value!  Work always will have real value!

 

No new blocks of Mincoin or any other crypto will ever be found unless work is done to find them!

Most people do know that the greatest currency and economy in the world was backed by work!!


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#3 Indiglow

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Posted 12 November 2013 - 11:01 AM

Most people do know that the greatest currency and economy in the world was backed by work!!

Hitler may have been a tyrant but he also setup the greatest currency ever devised! 



#4 Indiglow

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Posted 12 November 2013 - 11:03 AM

Hitler may have been a tyrant but he also setup the greatest currency ever devised! 

When the world slipped into the depression after 1929.  Germany was in a really bad way.  The economy was horrible.  Germany's currency devalued so much It took a wheelbarrel full of cash to buy a loaf of bread!!  



#5 Indiglow

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Posted 12 November 2013 - 11:04 AM

Germany then took on a new strategy.  It backed its currency by WORK!



#6 Indiglow

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Posted 12 November 2013 - 11:06 AM

In under 5 years Germany had not only turned its economy around it now had the best economy in Europe!  Germany was the first county to pull itself out of the depression and became very successful.



#7 Indiglow

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Posted 12 November 2013 - 11:11 AM

In under 5 years Germany had not only turned its economy around it now had the best economy in Europe!  Germany was the first county to pull itself out of the depression and became very successful.

Why??  Because Germany's currency the Mark was based on WORK.  No new Mark's could ever be created without an equivalent amount of work created to back them!!



#8 Indiglow

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Posted 12 November 2013 - 11:12 AM

Why??  Because Germany's currency the Mark was based on WORK.  No new Mark's could ever be created without an equivalent amount of work created to back them!!

Sound familiar??  No new blocks of cryptocurrency will ever be found without the work done to find them!!



#9 Indiglow

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Posted 12 November 2013 - 11:14 AM

Sound familiar??  No new blocks of cryptocurrency will ever be found without the work done to find them!!

Here is the true value of crypto!!   The dollar will eventually crash due to limitless printing which must happen to be able to continue to pay bills. 



#10 Indiglow

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Posted 12 November 2013 - 11:15 AM

The dollar will deflate like the Mark did before it was backed by work.  And it will probably take wheel barrels full of cash to then by a loaf of bread with the dollar



#11 Indiglow

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Posted 12 November 2013 - 11:16 AM

I am very high on Cryptocurrencies and I like the advantages that Mincoin has.  I think Mincoin is set to be one of the most successful cryptos. 



#12 Indiglow

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Posted 12 November 2013 - 11:17 AM

Bitcoin right now has the exposure and market share.  But I don't think it will be the only highly traded crypto in the end.



#13 Indiglow

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Posted 12 November 2013 - 11:18 AM

Bitcoin right now has the exposure and market share.  But I don't think it will be the only highly traded crypto in the end.

Remember we are backed by work!!  This is realty important!!



#14 Indiglow

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Posted 12 November 2013 - 11:20 AM

Remember we are backed by work!!  This is realty important!!

In the end cryptocurrency will be worth more than gold because of this IMHO.  Just watch and give it time!!!



#15 Don247

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Posted 12 November 2013 - 03:02 PM

Crytocurrencies are smart because the value of the coins depends on the supply and the demand. On the supply is limited, the demand will grow and the price will grow.



#16 CC66

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Posted 16 November 2013 - 12:37 AM

**I apologize on the grounds that the OP was high on LSD before, during, and/or after posting. 

**As much fun and amusement as this thread has brought to our forum......

 

**LOCKED ;) 






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