Nobody Understands Cryptocurrency, And That's Ok
\0xDynamite
dreamingforward at gmail.com
Tue Oct 17 18:52:59 PDT 2017
Sorry, I didn't know that Bitcoins were being bought at $4000 and above.
So the example above about the CD should be something mroe like this:
:Will you sell me your car if I give you 1BTC?
What do you say?
Marxos
On 10/18/17, \0xDynamite <dreamingforward at gmail.com> wrote:
> >> Why? So it can understand itself?
>>
>> what?
>
> I didn't mean to end the last sentence with a question mark. It was
> a declarative statement.
>
>>> By whom? By Mr. and Mrs. Better Reason.
>>
>> ...
>
> EXACTLY.
>
>>> > what's that supposed to mean? Although bitcoin is not
>>> > commodity money and so it doesn't have any value apart from being an
>>> > accounting mechanism, bitcoin's virtual' value can be
>>> > associated with anything....
>>>
>>> You don't understand. I see.
>>
>> Yeah well. You know fuck about basic economics?
>
> Yes.
>
>>> (The US accidently made its dollar tied to a real value by
>>> limited inflation. Their monitoring of inflation made it get tied
>>> (without them probably even knowing it) to oil and perhaps ag
>>> production)). This is what has made US currency the most valuable.
>>
>> In other words you know exactly fuck about economics and are an
>> apologist of the US nazi currency. 'limited' inflation isn't
>> the only reason why the dollar is kinda 'accepted'.
>
> Listen, I'm sorry you're broke, but if you feel the need for money,
> consider that animals don't have any at all. So the real issue is who
> took your natural-born right (if you believe in the Biblical code) to
> have land?
>
>>The real
>> reason is GUNS. And obviously the dolar isn't 'tied' to oil
>> since the oil price in dollars...you know...changes. Or perhaps
>> you don't know that?
>
> No, that keeps you from STEALING money.
>
>> Also, bitcoin inflation is a lot smaller than paper money
>> inflation. So as per your own logic it should have more
>> 'value'. And, so far, it does.
>
> Has anyone actually analyzed the rate at which people will accept
> Bitcoin for actual goods they produce? I mean, will an artist accept
> 1 Bitcoin for a $10 CD? Or do they inflate the cost of the good to
> handle their constructed idea of risk for handling things in bitcoins?
>
>>> That's right you don't NEED to. But what do you do when no one
>>> produces any songs because they can't get enough money to produce
>>> them?
>>
>> dude - go learn the ABC of arguments against your pro
>> intellectual property bullshit. I'm not going to repeat them
>> here.
>
> You mean "you heard this argument before in a pro-IP conversation",
> yet that doesn't invalidate the argument.
>
>> your fucking songwriters can sell hot dogs on the street
>> and then go home and write songs.
>
> Yeah, but if you want to create a real solution with bitcoin, you want
> a solution where they can write songs, get paid with bitcoin, and
> chillout and see what else there is to do in the world.
>
>>> The problem is that Bitcoin is a solution in NEED of a problem. You
>>> get it?
>>
>> You are out of your fucking mind, aren't you? Bitcoin would
>> prevent your fucking nazi government from printing trillions of
>> fake money. Ditto for any other government.
>
> It's not fake, if you're using it, is it? You apparently believe in
> it, so what is the real problem?
>
> marxos
>
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