Gold collapsing. Bitcoin UP. - page 1304.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: justusranvier on June 06, 2013, 12:59:09 PM

...
I don't want Bitcoin to be a reserve currency because that would be too easy for the New York City/District of Criminals financial mafia to control. I want the other 7 billion people in the world to have the same level of direct, censorship-resistant, pseudonymous access to the blockchain that we early adopters currently enjoy. I want Bitcoin to be usable to average people without needing to go through sidechain-managing gatekeeper so that its adoption rapidly spreads internationally beyond any single government's ability to control. 1.4 billion Chinese aren't going to adopt a currency that only supports 200 million transaction per year, to say nothing about the rest of the world.
...

+1.

While it would still be a success and a net-benefit to humanity if bitcoin did become a relatively low-volume reserve currency only, it *can* be so much more than that... I think our sights should remain set on high-transaction volume with low-fees. If that proves absolutely technically unfeasible at some point, so be it, but it's such great potential that I think we have to strive for it.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: justusranvier on June 06, 2013, 12:59:09 PM

Quote from: tvbcof on June 05, 2013, 11:59:51 PM

But whatever dude. Your shtick is pretty transparent and stupid anyway.

Since you asked so nicely and provided such an insightful response I'll tell you exactly what I'm trying to achieve with my "shtick".

I don't want Bitcoin to be a reserve currency ...

You think that somehow you are going to preclude that outcome be leaving it out of your silly little bitcointalk.org poll? Pffft.

You've outlined your absurd pipe-dream before which is why I snipped it. I still cannot tell if you are being earnest and naive, or nefarious and self serving. But at this point, who cares?

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: tvbcof on June 05, 2013, 11:59:51 PM

But whatever dude. Your shtick is pretty transparent and stupid anyway.

Since you asked so nicely and provided such an insightful response I'll tell you exactly what I'm trying to achieve with my "shtick".

I don't want Bitcoin to be a reserve currency because that would be too easy for the New York City/District of Criminals financial mafia to control. I want the other 7 billion people in the world to have the same level of direct, censorship-resistant, pseudonymous access to the blockchain that we early adopters currently enjoy. I want Bitcoin to be usable to average people without needing to go through sidechain-managing gatekeeper so that its adoption rapidly spreads internationally beyond any single government's ability to control. 1.4 billion Chinese aren't going to adopt a currency that only supports 200 million transaction per year, to say nothing about the rest of the world.

And finally I want my Bitcoin savings to appreciate to the point at which I can afford to get the hell out of this bankrupt, fascistic, warmongering house of cards before it's too late.

cypherdoc

legendary

Activity: 1764

Merit: 1002

here's the 20 yr chart:

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: BitcoinAshley on June 06, 2013, 10:48:36 AM

JPYUSD and the Nikkei 225 collapsing. Bitcoin... not affected? Cry

Come on, if I was a japanese person I'd be pulling all of my yuan out of the stock market and sending it to MtGox Headquarters. Grin

why?

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ?? on ??

Quote from: wachtwoord on June 06, 2013, 10:59:03 AM

Quote from: niothor on June 06, 2013, 10:55:10 AM

Quote from: BitcoinAshley on June 06, 2013, 10:48:36 AM

JPYUSD and the Nikkei 225 collapsing. Bitcoin... not affected? Cry

Come on, if I was a japanese person I'd be pulling all of my yuan out of the stock market and sending it to MtGox Headquarters. Grin

I think that there are only a few japanese people owning yuans Wink

I'm not Japanese but I have 36 Yuan lying here next to me Wink

I have never even seen a note under 100 Yuan. Did you get them from China?

Yes I was there a few years back 3 tens, a five and a single. It's worth very little and I must have had them left over in my wallet (I recently came across them). I usually only take coins with me.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: niothor on June 06, 2013, 10:55:10 AM

Quote from: BitcoinAshley on June 06, 2013, 10:48:36 AM

JPYUSD and the Nikkei 225 collapsing. Bitcoin... not affected? Cry

Come on, if I was a japanese person I'd be pulling all of my yuan out of the stock market and sending it to MtGox Headquarters. Grin

I think that there are only a few japanese people owning yuans Wink

I'm not Japanese but I have 36 Yuan lying here next to me Wink

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: BitcoinAshley on June 06, 2013, 10:48:36 AM

JPYUSD and the Nikkei 225 collapsing. Bitcoin... not affected? Cry

Come on, if I was a japanese person I'd be pulling all of my yuan out of the stock market and sending it to MtGox Headquarters. Grin

I think that there are only a few japanese people owning yuans Wink

BitcoinAshley

sr. member

Activity: 448

Merit: 250

JPYUSD and the Nikkei 225 collapsing. Bitcoin... not affected? Cry

Come on, if I was a japanese person I'd be pulling all of my yuan out of the stock market and sending it to MtGox Headquarters. Grin

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: justusranvier on June 05, 2013, 04:01:47 PM

This seems like a good place to mention this poll: https://bitcointalksearch.org/topic/what-does-success-mean-for-bitcoin-226193

30 years is asinine.

Further, you left out the option for Bitcoin being a 'reserve currency' which is trusted enough to form the basis of value for many off-chain solutions. Including other specialist cyrpto-currencies which are particularly suited for one role or another. Say, not needing to wait for confirmations, providing genuine anonymity, etc, etc.

But whatever dude. Your shtick is pretty transparent and stupid anyway. When Bitcoin becomes something that no self-respecting Libertarian can look at without vomiting we'll have folks like you to thank for it.

molecular

donator

Activity: 2772

Merit: 1019

guys, I love this thread.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Zangelbert Bingledack on June 05, 2013, 03:41:59 PM

I find the whole "cash" thing (even "coins") idiosyncratic. Bitcoin isn't cash; it does away with the need for cash, coin, or anything actually - or even virtually - changing hands. Those are old tech, artifacts of an age when society was both too big and too low-tech to keep track of transactions in a universal ledger. Tiny communities could use a ledger system like rai stones, but for millennia the technology needed to enable a universal ledger for the global economic community was unavailable, so people never moved beyond hard objects and centralized trust systems ultimately based on them. Bitcoin is that universal ledger, enabled by recent technological innovations, obviating the need for any media of exchange at all. Calling these tickmarks in the ledger "coins" is just to make it sound familiar to people; ultimately it is a harmful distortion.

Failure to fully grasp this may result in: wondering what bitcoins are "backed by," fretting about altcoins (the world only needs one universal ledger, no "gold and silver" ledgers), losing arguments with Bitcoin skeptics, misjudging the significance (or insignificance) of BM+OT (or Ripple), and generally being a lily-livered weak hand.

You are completely right of course and I was semi-joking

The core of my message however is serious, although I am stuck on repeat a bit. This is mainly because, even after I discovered the way money works in the pas 2.5 years, and how big a scam fiat currency is, I was completely oblivious to this before. It continues to baffle me how ignorant I was (merely accepting money as real because everyone else seemed to, never really questioning were it came from and why it had value) even though I am by nature an intelligent and curious individual.

Even the physical tokens of value Bitcoin is an evolution on are far better money that the fiat currency we use today, but it's not used since 1971 (or 1933 depending on how strict you apply the rules).

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: ?? on ??

Quote from: Zangelbert Bingledack on June 05, 2013, 03:41:59 PM

I find the whole "cash" thing (even "coins") idiosyncratic. Bitcoin isn't cash; it does away with the need for cash, coin, or anything actually - or even virtually - changing hands. Those are old tech, artifacts of an age when society was both too big and too low-tech to keep track of transactions in a universal ledger. Tiny communities could use a ledger system like rai stones, but for millennia the technology needed to enable a universal ledger for the global economic community was unavailable. Bitcoin is that universal ledger, enabled by recent technological innovations, obviating the need for any media of exchange.

Failure to fully grasp this may result in: fretting about altcoins (the world only needs one universal ledger, no "gold and silver" ledgers), losing arguments with Bitcoin skeptics, misjudging the significance (or insignificance) of BM+OT (or Ripple), and generally being a lily-livered weak hand.

I agree except that Bitcoin is not, nor will ever be a universal ledger. It is a public ledger, but that does not make it universal. The use of a single. flat ledger would lead to unimaginable stresses. Bitcoin was made to bifurcate—it is, and it shall.

This seems like a good place to mention this poll: https://bitcointalksearch.org/topic/what-does-success-mean-for-bitcoin-226193

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

I find the whole "cash" thing (even "coins") idiosyncratic. Bitcoin isn't cash; it does away with the need for cash, coin, or anything actually - or even virtually - changing hands. Those are old tech, artifacts of an age when society was both too big and too low-tech to keep track of transactions in a universal ledger. Tiny communities could use a ledger system like rai stones, but for millennia the technology needed to enable a universal ledger for the global economic community was unavailable, so people never moved beyond hard objects and centralized trust systems ultimately based on them. Bitcoin is that universal ledger, enabled by recent technological innovations, obviating the need for any media of exchange at all. Calling these tickmarks in the ledger "coins" is just to make it sound familiar to people; ultimately it is a harmful distortion.

Failure to fully grasp this may result in: wondering what bitcoins are "backed by," fretting about altcoins (the world only needs one universal ledger, no "gold and silver" ledgers), losing arguments with Bitcoin skeptics, misjudging the significance (or insignificance) of BM+OT (or Ripple), and generally being a lily-livered weak hand.

molecular

donator

Activity: 2772

Merit: 1019