Nobody Understands Cryptocurrency, And That's Ok

[\0xDynamite]

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
>