How long will it take for people to realize Bitcoin isn't just a currency? - page 2.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: minerpart on January 20, 2014, 01:10:51 PM

Anything used as a medium of exchange and which is in wide circulation is a currency.

Your argument is thus invalid.

That's a textbook definition, not a legal one. Are you disagreeing with China and Finland?

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Anything used as a medium of exchange and which is in wide circulation is a currency.

Your argument is thus invalid.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: virtuexru on January 20, 2014, 12:37:18 PM

- snip -
some of the other points you've made show that you clearly have little to no knowledge of what you are talking about.
- snip -

Which of the points do you disagree with?

virtuexru

member

Activity: 75

Merit: 10

litecoin!

Quote from: cbeast on January 20, 2014, 12:32:24 PM

Quote from: virtuexru on January 20, 2014, 12:28:15 PM

Quote from: cbeast on January 20, 2014, 12:19:54 PM

In fact, it's a terrible currency. Bitcoin as a currency can't be used for micropayments, but Bitcoin derivative currencies can. Bitcoin cannot be inflated for state run money supplies, but Bitcoin derivatives can. Bitcoin cannot be used for trading legacy financial instruments, but Bitcoin derivatives can. Bitcoin cannot be backed by tangibles, but Bitcoin derivatives can. Bitcoin doesn't do any of the things traditional financial institutions want, but Bitcoin derivatives can do them better than what they currently have. Think of the Blockchain as the building blocks of a Minecraft style new World of Finance.

you need to re-read some stuff because you obviously have no idea what kind of stupid shit you are spewing

Finland and China have declared Bitcoin as not a currency. More will follow. Bitcoin is a currency as much as gold and silver are currencies.

I'm not arguing you with it being/not-being a currency but some of the other points you've made show that you clearly have little to no knowledge of what you are talking about. It's like the stupid preaching to the stupider.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: virtuexru on January 20, 2014, 12:28:15 PM

Quote from: cbeast on January 20, 2014, 12:19:54 PM

In fact, it's a terrible currency. Bitcoin as a currency can't be used for micropayments, but Bitcoin derivative currencies can. Bitcoin cannot be inflated for state run money supplies, but Bitcoin derivatives can. Bitcoin cannot be used for trading legacy financial instruments, but Bitcoin derivatives can. Bitcoin cannot be backed by tangibles, but Bitcoin derivatives can. Bitcoin doesn't do any of the things traditional financial institutions want, but Bitcoin derivatives can do them better than what they currently have. Think of the Blockchain as the building blocks of a Minecraft style new World of Finance.

you need to re-read some stuff because you obviously have no idea what kind of stupid shit you are spewing

Finland and China have declared Bitcoin as not a currency. More will follow. Bitcoin is a currency as much as gold and silver are currencies.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Having said this, let's start seeing some Bitcoin derived currencies! Micro-payment channels implementation now in bitcoinj is a good place to start.

virtuexru

member

Activity: 75

Merit: 10

litecoin!

Quote from: cbeast on January 20, 2014, 12:19:54 PM

In fact, it's a terrible currency. Bitcoin as a currency can't be used for micropayments, but Bitcoin derivative currencies can. Bitcoin cannot be inflated for state run money supplies, but Bitcoin derivatives can. Bitcoin cannot be used for trading legacy financial instruments, but Bitcoin derivatives can. Bitcoin cannot be backed by tangibles, but Bitcoin derivatives can. Bitcoin doesn't do any of the things traditional financial institutions want, but Bitcoin derivatives can do them better than what they currently have. Think of the Blockchain as the building blocks of a Minecraft style new World of Finance.

you need to re-read some stuff because you obviously have no idea what kind of stupid shit you are spewing

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

In fact, it's a terrible currency. Bitcoin as a currency can't be used for micropayments, but Bitcoin derivative currencies can. Bitcoin cannot be inflated for state run money supplies, but Bitcoin derivatives can. Bitcoin cannot be used for trading legacy financial instruments, but Bitcoin derivatives can. Bitcoin cannot be backed by tangibles, but Bitcoin derivatives can. Bitcoin doesn't do any of the things traditional financial institutions want, but Bitcoin derivatives can do them better than what they currently have. Think of the Blockchain as the building blocks of a Minecraft style new World of Finance.

Topic: How long will it take for people to realize Bitcoin isn't just a currency? - page 2. (Read 1765 times)