Honey Boo Boo Asks,"WTF Is Bitcoin? Aint It Like Bacon?" - page 2.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: twiifm on April 06, 2014, 09:26:55 PM

Quote from: lynn_402 on April 06, 2014, 09:10:23 PM

Quote from: twiifm on April 06, 2014, 09:04:57 PM

LOL. "Fiat world". As if there is any choice. Grow up child

There's always a choice. The only thing tying us to the fiat world, is our voluntary contribution to it.
Being free is as simple as saying no to those who oppress our ideals, and having the balls to keep walking an unpaved road. Especially now, thanks to the great minds who gave us Bitcoin as an arme-de-resistance.

You realize BTC isn't legal tender?

So what

twiifm

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Quote from: franky1 on April 06, 2014, 09:19:49 PM

Quote from: twiifm on April 06, 2014, 09:04:57 PM

LOL. "Fiat world". As if there is any choice. Grow up child

well i get paid in bitcoin, i buy things in bitcoin.. food, car fuel, drink.. pay rent etc etc.. my world is not fiat dominant.

now have a nice day, kid

I doubt you pay taxes in bitcoin

twiifm

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Quote from: lynn_402 on April 06, 2014, 09:10:23 PM

Quote from: twiifm on April 06, 2014, 09:04:57 PM

LOL. "Fiat world". As if there is any choice. Grow up child

There's always a choice. The only thing tying us to the fiat world, is our voluntary contribution to it.
Being free is as simple as saying no to those who oppress our ideals, and having the balls to keep walking an unpaved road. Especially now, thanks to the great minds who gave us Bitcoin as an arme-de-resistance.

You realize BTC isn't legal tender? As a debtor, you can't force the creditor to accept BTC as debt payment. That means IRS, your landlord, the bank that holds your mortgage, stores where you buy food, clothes, etc..

As the creditor, you have to accept legal tender (USD) for all debts. If my tennants pay me rent in USD, I can't refuse and force them to pay me in BTC, bananas, gold nuggets, blowjobs or anything not legal tender.

This is the real world. Grow up and accept it. It not voluntary. Its a legal obligation.

There is no choice but to use fiat. You can barter between private parties but thats about it

franky1

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Quote from: twiifm on April 06, 2014, 09:04:57 PM

LOL. "Fiat world". As if there is any choice. Grow up child

well i get paid in bitcoin, i buy things in bitcoin.. food, car fuel, drink.. pay rent etc etc.. my world is not fiat dominant.

now have a nice day, kid

Bit_Happy

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Quote from: lynn_402 on April 06, 2014, 09:10:23 PM

...
Being free is as simple as saying no to those who oppress our ideals, and having the balls to keep walking an unpaved road...

Most people are lemmings; It's hard for many to blaze a new trail, but I like it.
"An unpaved road is not as hot in the Summer sun" ~Anon

lynn_402

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Quote from: twiifm on April 06, 2014, 09:04:57 PM

LOL. "Fiat world". As if there is any choice. Grow up child

There's always a choice. The only thing tying us to the fiat world, is our voluntary contribution to it.
Being free is as simple as saying no to those who oppress our ideals, and having the balls to keep walking an unpaved road. Especially now, thanks to the great minds who gave us Bitcoin as a tool of resistance.

twiifm

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Quote from: franky1 on April 06, 2014, 08:18:40 PM

Quote from: twiifm on April 06, 2014, 07:50:04 PM

What you are are trying to say is. If there is demand there is a market price.

If a $10 gold coin has only $1 worth of gold then the exchange value of that coin is $10 but its intrinsic value is $1. But that instrinsic value is based on the gold market. Like electronics makers demanding gold to make electronics.

A better example is stamps.

A $1 stamp issued by USPS is worth $1 as the exchange value. But if they don't accept it anymore its worth nothing. I has no intrinsic value.

However, some stamp collector may pay $1000 for the same stamp if its rare and collectible. Its speculative value is $1000

You're mistaken if you think bitcoin has any properties that make it a store of value. Its $450 because someone is willing to pay that much. It could be $10000 or zero. Same as an ETF share. Neither is more "real" than the other. They are both speculative instruments

im just facepalming your failures to understand bitcoin and now your misunderstandings of value..

i am not even going to try teaching you the truth.. so now please just hand over your worthless bitcoins to 'seans outpost' and get on with your life back in the FIAT world. you obviously dont want to be part of bitcoin

LOL. "Fiat world". As if there is any choice. Grow up child

serenitys

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Which is worth more?

The BTC or the paper wallet with the private key? Grin

franky1

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Quote from: twiifm on April 06, 2014, 07:50:04 PM

What you are are trying to say is. If there is demand there is a market price.

If a $10 gold coin has only $1 worth of gold then the exchange value of that coin is $10 but its intrinsic value is $1. But that instrinsic value is based on the gold market. Like electronics makers demanding gold to make electronics.

A better example is stamps.

A $1 stamp issued by USPS is worth $1 as the exchange value. But if they don't accept it anymore its worth nothing. I has no intrinsic value.

However, some stamp collector may pay $1000 for the same stamp if its rare and collectible. Its speculative value is $1000

You're mistaken if you think bitcoin has any properties that make it a store of value. Its $450 because someone is willing to pay that much. It could be $10000 or zero. Same as an ETF share. Neither is more "real" than the other. They are both speculative instruments

im just facepalming your failures to understand bitcoin and now your misunderstandings of value..

i am not even going to try teaching you the truth.. so now please just hand over your worthless bitcoins to 'seans outpost' and get on with your life back in the FIAT world. you obviously dont want to be part of bitcoin

Bit_Happy

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Back on topic:
Honey Boo Boo used some of her BTC to buy Mom a snack.

serenitys

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I wouldn't buy it either. If they said it was a 25 dollar round, you pay s/h and if I could spend it as 25 bucks maybe Wink

twiifm

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Quote from: serenitys on April 06, 2014, 07:53:54 PM

So why does a newly minted coin silver dollar cost 50 of them to own? Why shouldn't we just pay a buck for it?

Its only worth a buck if you spend it as legal tender. The seller can sell it at whatever price. I wouldn't buy it but some collector might

serenitys

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So why does a newly minted coin silver dollar cost 50 of them to own? Why shouldn't we just pay a buck for it?

twiifm

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Quote from: franky1 on April 06, 2014, 07:30:58 PM

Quote from: twiifm on April 06, 2014, 06:50:33 PM

The irony here is that BTC is not "real" value either. Its a credit someone received for solving a math problem.

as long as there is a need, there is a value

What you are are trying to say is. If there is demand there is a market price.

If a $10 gold coin has only $1 worth of gold then the exchange value of that coin is $10 but its intrinsic value is $1. But that instrinsic value is based on the gold market. Like electronics makers demanding gold to make electronics.

A better example is stamps.

A $1 stamp issued by USPS is worth $1 as the exchange value. But if they don't accept it anymore its worth nothing. I has no intrinsic value.

However, some stamp collector may pay $1000 for the same stamp if its rare and collectible. Its speculative value is $1000

You're mistaken if you think bitcoin has any properties that make it a store of value. Its $450 because someone is willing to pay that much. It could be $10000 or zero. Same as an ETF share. Neither is more "real" than the other. They are both speculative instruments

franky1

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Quote from: twiifm on April 06, 2014, 06:50:33 PM

The irony here is that BTC is not "real" value either. Its a credit someone received for solving a math problem.

bitcoin has usefullness.. it fill a need some people have that banks or other things dont offer.
gold has usefullness.. it feels a need for jewellers and electronic manufacturers

as long as there is a need, there is a value

if we were to use your opinion, then gold is only a credit for the guys with excavators and sluice machines, getting the metal out of the ground..........

the irony is that your here on a website about bitcoins, but you seem to not own any.. if you do have bitcoin. then please send your valueless/useless bitcoins to 'seans outpost' donation address..

if you do have bitcoins and you dont wish to donate your coins to a good cause, then you admit that bitcoins do hold a value for you to prefer to keep them.

serenitys

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And let's not forget the value of trust...

The fact that every single person who's ever heard about bitcoin - outside the ones who came up with the concept of bitcoin - immediately bristles up over the decentralization unregulated "wild west" anonymous aspect as a BAD THING shows how extraordinarily they've been raped, dicked over, and financially fucked around by their own government and financial centers throughout their entire lives that they trust NOBODY with their money - and how brainwashed we've all become to that fact. We know it when it's pointed out but it's all we know, so we're automatically distrustful of the LACK OF central authority...scared to take on real responsibility of pure freedom.

For what it's worth, people of the wild west, pre regulation and central authority, were 99.999% more trusting of their fellow man than they are now...all because of the regulation and central authority conditioning us to embrace and welcome being fucked over and bankrupted and in some countries, welcoming and actually putting up with communism and dictatorships....and kings and queens and princesses - (what, are we, 10?) and religious masters.

Pretty said, eh?

We're all such a jaded lot! Grin

twiifm

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Quote from: DannyHamilton on April 06, 2014, 06:54:24 PM

Quote from: twiifm on April 06, 2014, 06:50:33 PM

The irony here is that BTC is not "real" value either. Its a credit someone received for solving a math problem.

You are mistaken, and clearly don't understand how bitcoin works.

So how do bitcoins come into existence?

DannyHamilton

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Quote from: twiifm on April 06, 2014, 06:50:33 PM

The irony here is that BTC is not "real" value either. Its a credit someone received for solving a math problem.

You are mistaken, and clearly don't understand how bitcoin works.

twiifm

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Quote from: franky1 on April 06, 2014, 06:21:41 PM

Quote from: iluvpie60 on April 06, 2014, 05:09:01 PM

Quote from: franky1 on April 06, 2014, 04:50:29 PM

what you are talking about is not true value.. but fake value.. basicaly making a bet.. its not a store of value.. thus my walkthrogh was talking about actual stores of value. meaning actual gold ownership. not a bet/gamble on a price.

take for example the winklevoss project.
the want people to invest into winklevoss.. not to buy bitcoins directly but to invest into winklevoss, where investers are hoping that winklevoss value will rise because the twins hold X amount (owned by only the twins) and the profits come from the business valuation after a price rise.. not based on investors having bitcoin and the investors own possessions have risen in price.

anyone investing into winklevoss, does not own a single bitcoin. they own a balance amount on a database on a winklevoss server..

do not be tricked into these fake schemes that are not real stores of wealth. they are purely to make more FIAT profits based on gambling. not hoarding rare materials directly.

The irony here is that BTC is not "real" value either. Its a credit someone received for solving a math problem.

franky1

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Quote from: Bit_Happy on April 06, 2014, 06:22:03 PM

Quote from: iluvpie60 on April 06, 2014, 05:06:29 PM

...But BTC doesn't solve any problems for the majority of people and you know it."

Triple facepalm:
The value of the USD is down ~97% since the birth of the Federal Reserve and you claim "BTC doesn't solve any problems for the majority of people."
You have not convinced me. Tongue

USD is down 97%.... to those that do not understand what this means.. try putting a dollar into context of the price of car fuel, a loaf of bread, average rent/mortgage price.

then price those items from the date of the birth of federal reserve. and you will see that the dollar value has changed alot.

basically a loaf of bread has not been the same price for decades. neither has car fuel or average rent/mortgage

Topic: Honey Boo Boo Asks,"WTF Is Bitcoin? Aint It Like Bacon?" - page 2. (Read 4699 times)