My failometer just exploded, fail is over 9000. Now i have to get a new failometer 
LOL
It's over nine THOUSAND!! http://www.youtube.com/watch?v=5196mjp9fcU
Unlike most of us with fail range from 1 to 10, Mr. Hess's fail knob goes up to 11.
Topic: 2013-11-08 ZDNET Why dollars are better than bitcoins (and always will be) (Read 3717 times)
November 11, 2013, 09:44:37 AM
LOL
It's over nine THOUSAND!! http://www.youtube.com/watch?v=5196mjp9fcU
Unlike most of us with fail range from 1 to 10, Mr. Hess's fail knob goes up to 11.
November 10, 2013, 10:34:53 PM
Argument by pure assertion. Do people still do that? I thought the Internet had eradicated that practice.
This is the kind of article that makes me feel like we're moving into the mainstream. It has that Clifford Stoll feeling of ludditism in the face of inevitability to it.
This is the kind of article that makes me feel like we're moving into the mainstream. It has that Clifford Stoll feeling of ludditism in the face of inevitability to it.
November 10, 2013, 07:29:32 PM
My failometer just exploded, fail is over 9000. Now i have to get a new failometer
LOL
It's over nine THOUSAND!! http://www.youtube.com/watch?v=5196mjp9fcU
November 10, 2013, 07:20:57 PM
My failometer just exploded, fail is over 9000. Now i have to get a new failometer
LOL
November 10, 2013, 07:20:28 PM
Quote
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.
This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.
There is more to Bitcoin than just buying "stuff."
That is pure fantasy disguised as truth, I can't buy most goods sold in China with U.S currency, your visa/master cards just don't work there, and vice versa. While with bitcoins, I can signup and charge any local payment system as long as there are local people willing to exchange for bitcoins.
What exactly are you arguing against? The original author of the piece is not making the argument you are making. The argument against Bitcoin is why would someone purchase Bitcoin with his or her local currency to buy goods or services instead of buying them directly? You can't buy goods in China with US dollars but you can buy goods in the US with US dollars. So if this is the case, why exchange them for bitcoins, when they can be used directly?
I gave my reasons above.
I argue exactly against the original author: you indeed can't buy some goods in USD which you can buy in Bitcoin. There are a lot of things you want which are simply not available locally in a nation, and it's a well known fact that global corporations price their products vastly different in different nations, in combination with a freight forwarder, Bitcoin avails you to buy things you couldn't buy, this is not just a theoretical possibility, it's something immediately practicable after a bit of investigation.
November 10, 2013, 07:16:17 PM
November 10, 2013, 07:12:40 PM
Quote
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.
This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.
There is more to Bitcoin than just buying "stuff."
That is pure fantasy disguised as truth, I can't buy most goods sold in China with U.S currency, your visa/master cards just don't work there, and vice versa. While with bitcoins, I can signup and charge any local payment system as long as there are local people willing to exchange for bitcoins.
What exactly are you arguing against? The original author of the piece is not making the argument you are making. The argument against Bitcoin is why would someone purchase Bitcoin with his or her local currency to buy goods or services instead of buying them directly? You can't buy goods in China with US dollars but you can buy goods in the US with US dollars. So if this is the case, why exchange them for bitcoins, when they can be used directly?
I gave my reasons above.
November 10, 2013, 07:05:48 PM
Quote
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.
This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.
There is more to Bitcoin than just buying "stuff."
That is pure fantasy disguised as truth, I can't buy most goods sold in China with U.S currency, your visa/master cards just don't work there, and vice versa. While with bitcoins, I can signup and charge any local payment system as long as there are local people willing to exchange for bitcoins.
November 10, 2013, 06:47:49 PM
Why the Polio vaccine is dumb:
Walking...Who Cares? Chicks dig guys in wheelchairs anyway
High fever...that saves money on the heating bill
Pills and needles are for drug addicts and junkies
Healthy muscle tissue...no advantage
Getting old sucks anyway
Walking...Who Cares? Chicks dig guys in wheelchairs anyway
High fever...that saves money on the heating bill
Pills and needles are for drug addicts and junkies
Healthy muscle tissue...no advantage
Getting old sucks anyway
November 10, 2013, 04:23:36 PM
Ken Hess is too happy and euphoric about his 40 US dollars per hour now, so he just cannot realize what will happen to the value of his pension fund when he retires.
I suspect he is sitting hard on antidepressants subsidized by government
I suspect he is sitting hard on antidepressants subsidized by government
November 10, 2013, 09:26:58 AM
Quote
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.
This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.
There is more to Bitcoin than just buying "stuff."
Not quite (you have a valid argument though). I suspect a more correct analogy would be a US citizen buying US dollars to purchase some goods or services in US dollars. Hence, to a non-Bitcoiner, this is not logical (at face value).
Bitcoin is a different currency and thus one does need to exchange one currency to another to buy something. But the author is arguing why exchange one currency for another when the original currency can be used to purchase it directly. So, for example, why would I exchange British pounds for Bitcoins to buy a domain and hosting when I can use pounds directly? The answer varies between the one selling and the one buying. You may find some of those answers in my original post above your quote.
November 10, 2013, 09:19:59 AM
it would be strange if all people love bitcoin. of course there are people that dont like it or dont understand it or dont want it.
so its a good sign
so its a good sign
November 10, 2013, 08:51:00 AM
it makes me want to pull my eyes out
Why? He isn't interested. Who cares?
Exactly. To quote a villain from everyone's current favourite series:
'The lion doesn't concern himself with the opinions of the sheep.'
November 10, 2013, 07:53:59 AM
it makes me want to pull my eyes out
Why? He isn't interested. Who cares?
November 10, 2013, 07:13:58 AM
Luddite x 1E8
P2P is distributed, why to repeat??
P2P is distributed, why to repeat??
Code:
Being distributed is no advantage.
Being P2P is no advantage.
Being P2P is no advantage.
November 10, 2013, 05:50:25 AM
My failometer just exploded, fail is over 9000. Now i have to get a new failometer
November 10, 2013, 03:19:56 AM
FED pay ZDNET to write this stupid article ?
November 09, 2013, 10:28:01 PM
Quote
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.
This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.
There is more to Bitcoin than just buying "stuff."
November 09, 2013, 09:51:29 PM
Currencies are a fairly abstract concept to most people, so arguments like these will convince even those who reckon themselves a little sharper than average. It's just another hitpiece, just a new format is all (short list like structure).
If Bitcoin is to succeed, then this sort of thing will not matter in the end anyway, and so those who do get the concept can maximise the potential to them while most others ignore it as instructed. That's not such a bad thing, overall.
If Bitcoin is to succeed, then this sort of thing will not matter in the end anyway, and so those who do get the concept can maximise the potential to them while most others ignore it as instructed. That's not such a bad thing, overall.
November 09, 2013, 08:11:34 PM
it makes me want to pull my eyes out
Why? He isn't interested. Who cares?
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