QUOTE(Enigmatic @ Jun 1 2017, 01:39 AM)
And I have yet to touch base on the use cases of other coins (e.g. Ripple for fast cross border transfers or Ethereum for smart contracts), and the blockchain as a whole (in which a public ledger requiring incentivization to ensure security of the blockchain hence the introduction of minable returns). But I'll leave that aside for another time.
Lowyat forum website was experiencing technical issues and I was not able to log in at all over the past few days.
I read back the previous posts and originally wanted to reply, but you guys already gave a brilliant reply.
Kudos guys.
QUOTE(kmarc @ Jun 1 2017, 07:44 AM)
Ahhhh... and I thought we want to have some intelligent discussion. So you're saying gold has no inherent value and only for speculation? Scam too right? For your information, gold reserve in this world is 170,000,000 kg with an estimated value in trillions. And that's only talking about gold. I guess you will cry scam for a lot of things...... that would be a bitter life to live......
Makes me think of a guy running into an art auction house screaming "SCAM" because a painting was sold for 50 million. Good, I don't have to waste time with you.
Exactly mate...... you took the words right out of my mouth.
QUOTE(blueblueoutofblue @ Jun 1 2017, 03:22 PM)
because... bitcoin sell higher there...
example current market price : 2396
indo bitcoin exchange : 2709
i gain from the different

Good for you!
That's called arbitrage.
Some people can actually make a living doing this.