re: Official CryptoTalk Thread

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I think the only thing we disagree on is the value of a particular coin meaning anything on its own. The market value depends on many things, and something costing $.04 vs $1 is a function of several factors. Two coins can have similar market caps but one can be $10 and one can be $.50 per coin. That doesn't make the $.50 coin any less valuable in practice or for investment.

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i agree 100%. I agree that in your hypothetical the cost to buy 1 telcoin is equivalent to buying 0.00000078 bitcoin or whatever the ratio is at this time and that those prices say nothing about how good/bad the investment actually is.
but again I was referring to pricing based on pro-usage value narrative which implies several factors not being so flexible to hypothetically equalize 2 coins in such a way.

value of telcoin at 10$ and 0.50$ matters. considering telcoin isn't changing its coin supply (maybe even decreasing via coin burns) or its 0.5% token fee for transactions. say you have 10$ worth of telcoin at either price from same supply. 1 telcoin or 20 telcoin both with 0.5% token charged to buy something worth 10$ in a single transaction. 1 - (1x.005) = 0.995. 20 - (20x.005) = 19.9. at the same supply, sure you are charged the same amount of USD, but its a different % of total telcoin supply. would you rather be giving up larger or smaller % of total coins per transaction especially as coin burns decrease supply and as the price of telcoin grows? it seems like an inverse relation to usage practicality and value as an investment between prices.

also when referring to it as an investment it seems more like pro-SOV than pro-practical usage case value. like you invest in stocks, you buy a jetski to use for shits and giggles.

WillyWoo with an update today. Sounds like a decent amount of time to stack

Ah ok, I see what you mean. The old "i spent 10k btc on a pizza in 2012 and now i spent millions on a pizza" problem.

Bitcoin fricked?

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I can change that by moving some of my btc to eth. Don't tempt me

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I washed my Jeep Sunday... I know how you feel.

And every day mining gets more and more efficient.

I do love it when Elon tweets and Chad Saylor dunks on him.

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Crypto will not be a good deal for long-term investors if people can't use it for transactions. I think maybe we are missing the point of cryptocurrency.

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And it will never be widely used for everyday transactions if the value continues to be so volatile. And its volatility is what gives it such huge money making potential for investors and traders. Take that away and a ton of public interest will be lost.

Also there really is no need for a “digital” currency anyway, as all currencies nowadays are mostly transacted digitally.

Cryptos only hope for longevity is as another form of “store of value” to hedge inflation. But being as it is something you can never physically hold in your hand, that will be a hard sell also.

I feel strongly that new coins must always be issued in order to cover transaction costs. This will be easier for the masses to adopt than losing a chunk of your coin to network fees each time you need to buy something. That doesn't seem to be the direction we are going, though and I worry fiat and deep state folks are driving the bus now.