Topic: 1 BTC = 1 BTC - Off topic from Chipmixer campaign topic (Read 782 times)

I will close this topic, as it became a discussion whether cm should or not increase/decrease pay rates and what do people think about it. This wasn't the idea when I created this topic, but most replies were about it.

Totally agree with this. I haven't even bothered to participate in this BTC-pegged-to-USD debate. At least that's how I view it as.

Generally when you are the elephant in the room you tend to get the most attention from humans, who don't even look dwarf-sized in comparison to elephants. That's kind of how I view signature campaigns and Chipmixer.




Jokes aside, 1BTC = 1BTC is already a mathematically proven axiom about self-equality. There's not much more to debate about that except for people's theorems based on this axiom (or its contradiction). There is a certain writing style you need to learn just to write down proofs of math theories. The beauty of it is that it does not allow opinions about theories to be included, so just the facts are left for you to process.

If the answer was to depend on the context of the argument then 1BTC = 1BTC regardless of the previous and current price of the market or the coin unit since the conpany in the subject operations are also based in crypto not fiat currency.

The company was the long existing tumbler in terms of campaign and services even when some tumbler site have problems with the authorities and security vulnerabilities they kept their services intact certainly they can afford it but the decision is theirs not ours.

1 BTC = 1 BTC all the time but their purchasing power was/is /will be changing all the time as well.

In 2010

2 Pizzas were bough using 10000 bitcoins

In 2017 you bought 1300+ Pizzas with 1 bitcoin

in 2021 you can buy 2600+ Pizzas with 1 bitcoin.

What he said^

People are, one jealous(which is understandable), and two, trying to farm impressions either by trying to support CM participants, or trying to bring in points against them.

Let CM handle its business, and I think I can speak for everyone in CM campaign when I say, whatever decision they make; it won't affect us. Because we care more about life than how much we get paid weekly by CM. Sole reason why you don't see any CM participant farm and make 50 posts every consecutive week.

As for the point of 1 BTC= 1 BTC, from a normal person point of view: they only care about its fiat value.

Chipmixer as a business uses btc as its main forefront, but they would still have to deal in fiat for most of their business operations/payments. So it is really only up to how they think and NOT how we think.

I dont think this has anything to do with fungibily.
1 btc = 1 btc as long as both are in the same time.

All btc In 2018 have the same value, which is not the same as that same btc (or any other) in 2021.

Usd is also fungible,
 1 usd 1830 = 1 usd 2021?
This makes no sense at all.

Maybe you live in a decent country where inflation rate is controlled and you may never had the opportunity to think about it.

But people from developing countries understand this very well.  Money value varies over time.
In brazil we lived more than 100% inflation per month. Interest rates are real here.

1 brl today is not the same as 1 brl tomorrow.  Eventhough Everyone will accept any brl today and tomorrow,  the same coin is different over time.

This is not about fungibility

No. The market moves up and down because Bitcoin is fungible.

1 BTC = 1 BTC

See above post.

...

Which one is heavier ? A ton of feathers or a ton of lead ? ...

1BTC can't equal 1BTC even in a span of just 24h.....

Lest we wouldn't be having the green +(so and so percent) or the red -( so and so percent) on the 24hr price change charts....
Am I making a sense

No. You are conflating other economic factors and externalities such as;

Opportunity cost
- https://en.wikipedia.org/wiki/Opportunity_cost

Sunk cost
- https://en.wikipedia.org/wiki/Sunk_cost

Paradox of value
- https://en.wikipedia.org/wiki/Paradox_of_value

Externality
- https://en.wikipedia.org/wiki/Externality

Inflation
- https://en.wikipedia.org/wiki/Inflation

etc.,

Again, Bitcoin is Fungible.

- https://en.wikipedia.org/wiki/Fungibility

1 BTC = 1 BTC

$1 = $1

1 Pizza = 1 Pizza

That is the answer here.

Haha. If you don't report off topic posts, let it be.

My main point here is the time variable, and the scarcity.

1 BTC 2010 = 1 BTC 2021?

It is not.

Anyone could mine 50 BTC at 2010 with less than 100 USD. You just had to bought an old laptop, mine for a few hours, and you would get a full block reward.

How much does it cost to get 50 BTC nowadays? You would need to mine almost 8 blocks alone. How much would take cost? Probably something close to 1 million dollars of equipment and eletricity?

Bitcoin is now more scarce than it was in 2010. As it is more scarce now than in 2018.

1 BTC in 2010 = 1  BTC in 2020 is the same as saying 1 glass of water in london = 1 glass of water in the Saara Desert. It is not!

This basic economics. Supply and demand.


Blockchain cannot be mined without the real world. Without electricity and equiment there is no mining. Without mining there is no bitcoin.
You cannot remove the blockchain from the context it is inserted. This is what PoW is about:  physics, electricity, equipment, energy.

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It is sad to see almost all replies are talking about campaign payrates, I though this topic could move away from that, which is almost a philosophic discussion...

When we are in campaign discussion, people go off-topic about 1BTC=1 BTC or whatever.
When we come to a new topic for off-topic discussion, people talk about campaign lol

About the statement that 1 BTC = 1 BTC

• It is constantly right over the whole lifespan of bitcoin.
• Only price of bitcoin in fiat changes over time. The changes can come from one of two sides or both of them: price of bitcoin increases or bailout of government-backed fiats that change over time and different by fiat to fiat.
• The fact so far is: people change from use bitcoin for their bitcoin transactions to smaller units of bitcoin such as satoshi.

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• Will Bitcoin fall to zero? Be woke with changes of No. of BTC with $ 1 million
• Bitcoin: An Unprecedented Experiment in Fair Distribution

The price is always the price.

1 BTC = 1 BTC


$1 = $1



...



Word.

Yes, why would anyone compare btc from the past few years where in fact it started I guess @ 1$ per btc? 1$ btc vs 40k$ btc is still 1 btc the only thing that matters is that before only little know about bitcoin and utilize it compare now that many are utilizing bitcoin making it as an asset of investment form. So, 1btc is 1 btc nothing less nothing more. Hopefully, I could get 1 btc in the future with the help of the forum. Well, I am only just wishing it who knows one day!

The Chipmixer discussion went that high that even cz_binance left his opinion on that 1btc=1btc.
With this rates I have the feeling that he might be part of the signature campaign
Since I cannot embed tweets here, here's a pic.

Source> https://twitter.com/cz_binance/status/1349215711453880321

I think it could be easy.

As you all know here, there can be only 21.000.000 BTC in the world. So it was predetermined by the creator. But it seems to me that the turnover will be less than this figure.

And here's why I think so:
- By now, many people have lost access to their wallets\coins forever, i.e. some % of BTC have already been taken out of circulation.
- It should be added that some people in the future will also lose access to their wallets\coins for various reasons. Unforeseen circumstances happen in life and there are many such examples. This, in turn, further increases % of irretrievably lost BTC.
- Most of BTC mined by Satoshi is stored on he's wallet. Most likely, if Satoshi doesn't return, then this part of the coins is also lost forever.

So it turns out that there will never be  21.000.000 BTC in circulation. Their maximum possible number is already less than this figure and will only decrease over the years, which will add even more value to BTC.

1 BTC not = 1 BTC. Value of 1 BTC above 1 BTC.

I ask you to understand and forgive if somewhere I expressed myself put it not quite right and correct me or add what I may miss.

Updated: here's a recent example (- 7,002 Bitcoin. Most likely forever too)- https://bitcointalksearch.org/topic/m.56081551

They might acknowledge it passingly, with one of those, "in my day I could buy x with y; back in my day a dollar bought you," mentions without the deeper lifestyle changes. I still know of some people that believe the US Dollar is still backed completely by gold.

The rampant consumerist materialism that has infiltrated the masses through cultivated corporate propaganda continues to peddle people towards useless shit while their wages decrease: how great to get a 2% raise when your savings asset underperforms a magnitude above that. How many people saw the stimulus coming and thought about diverting liquid savings into alternate assets to prevent depreciation?

Actually regular people do acknowledge that $1 today is not the same as $1 in the past, this is why when someone writes an article about comparing prices with the past, they use inflation adjustment. People just assume that on a scale of 1-15 years the difference is not big enough to complicate their calculations with inflation adjustment.

With Bitcoin this just happens to a much greater extent, its price more than tripled in recent months, and in context of Chipmixer, there's something like x35 increase since the start of the campaign. It's absolutely normal to question whether these payment rates are sustainable.

Whether you consider it a currency or not, when its value gets doubled within a week, you can't really state that. I hate to say that but since most of the people see it as an investment, it is mostly an investment.

The inflation rate is huge, but that's not the problem. The problem with inflation comes when you want to save money. Making day-to-day transactions with the dollar isn't bad, because you're living the rates.

Inflation doesn't hurt the currency short-term. It hurts it long-term, that's why none saves on the dollar. But as I explained above, if most people were seeing dollar as an investment, it wouldn't be a currency at all.

OP, 1 BTC IS 1 BTC. Fiat value doesn’t exist in the blockchain, BUT outside the blockchain, we need to value it in fiat just to know how much purchasing power your Bitcoin has in the real world, nothing else.