I do have an agenda - what is yours?

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: ?? on ??

Would you prefer a pro rata adjustment to all accounts so long as it was disclosed that that's how supply would be managed to maintain price stability?

i don't think any adjustment is needed.

if the value of btc is high enough and enough people are involved (i don't know whats "enough" tough) i expect price fluctuations to be comparable to other currency pairs.

if people are afraid of losing value there are already financial instruments to reduce that risk (eg hedging). i expect that they will be used, they just need a little fine-tuning that they can be used by everybody at anytime.

if more shops accept btc a new economy develops. if some of them manage to get their supply changes completely in btc that would be a huge step.

i hope that btc will get to the point where it is used as a currency for import and export. as i see the most benefit for transactions between countries.

i do use my btc as a currency btw. i never sold for fiat, but bought stuff with them (from friends or pizza delievery) - but all of that is still priced in EUR; i am sure that will change someday.

EDIT: btw adjustment with what? i live in europe and i dont really care about USD (so m0 is not a solution to me)

cutesakura

full member

Activity: 158

Merit: 100

to be honest I am here to fill my spare time, I used the spare Waku order to be useful, so I can get information and money at the same time, frankly by following these forums I get a lot of information, and I can give constructive opinion in this forum
I hope this forum can be developed further, so that more and more members are active in this forum ...

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: desertfox470 on March 09, 2015, 08:46:38 PM

Quote from: onemorexmr on March 09, 2015, 08:42:55 PM

Quote from: desertfox470 on March 09, 2015, 08:40:35 PM

Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.

price is not a concern for me, but you are right: whenever i try to bring friends to btc i hear that argument (some i have convinced).

we need more adoption to get a stable price and a stable price will get more adoption Wink

Whenever I try to tell friends about bitcoins I hear almost all the time "but the price is not stable" that is why I think that is one of the biggest things holding btc from being sound money.

bitcoin is just not there yet.
sound money needs more users than our 250k (that was the last number i heard)

if just anybody who regularly trades between countries uses btc it will be stable. imho its just a matter of time.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

I am not one of those who pretend to want everything to be milk and honey for everyone, in society there has to be differences for the system to operate.
But with time those borders between the rich and poor got too big, more and more money is on the rich side while the poor people get larger in numbers, and
our current system is what made all that possible.

Thats why i am here, i dont want any more rules that benefit the rich only, i want to be free to trade with anyone i want around the world, and i want to be one
of the people that had the honor to be in the very begining of the financial revolution.
If that brings me benefits along the way, great, if not, i still wont regret it, being a part of it will be enough also.
Thats my agenda. Enough was enough.

cheers

desertfox470

sr. member

Activity: 542

Merit: 251

Quote from: onemorexmr on March 09, 2015, 08:42:55 PM

Quote from: desertfox470 on March 09, 2015, 08:40:35 PM

Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.

price is not a concern for me, but you are right: whenever i try to bring friends to btc i hear that argument (some i have convinced).

we need more adoption to get a stable price and a stable price will get more adoption Wink

Whenever I try to tell friends about bitcoins I hear almost all the time "but the price is not stable" that is why I think that is one of the biggest things holding btc from being sound money.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: desertfox470 on March 09, 2015, 08:40:35 PM

Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.

price is not a concern for me, but you are right: whenever i try to bring friends to btc i hear that argument (some i have convinced).

we need more adoption to get a stable price and a stable price will get more adoption Wink

desertfox470

sr. member

Activity: 542

Merit: 251

Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: ?? on ??

Quote from: onemorexmr on March 07, 2015, 06:42:39 AM

my definition of sound money:
- fixed supply / rules known by all participants
- no interest
- small or no inflation

Never inflation cannot be achieved with a fixed supply. Only no long run inflation can.

Interest can only be produced by debt. Without debt, households and businesses would be far smaller.

interest was referring to some of the pos altcoins - there you get interest without debt. if someone lends out btc and gets interest for it i think its fine - he takes a risk and gets a reward. but not just for holding them yourself.

you are right: fixed supply and small inflation does not go together. i was referring to monero which has planned a small tail-emission of about 1xmr/block to keep miners mining. IMHO this is a good idea (please judge for yourself)

imho "rules known by all participants" is the more important part. i wont accept any changes to the social contract of a coin (eg if bitcoin changes reward scheme they'll never see me again)

B.A.S.

full member

Activity: 420

Merit: 117

I am here because BTC stands a chance of updating the archaic banking system of today and I'd like to profit if it becomes integrated into the way my country's (US) financials are undergone. I have no interest in how this technology might represent my ideological beliefs. It's adapt or be left behind.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: manselr on March 09, 2015, 05:13:53 PM

Quote from: waterpile on March 09, 2015, 01:26:33 AM

mine? Like the most of the people are here for to earn and try to be rich through the use of bitcoin.

Yeah, that would sum up 99.99% of people. Wanting to be rich doesn't necessarly mean one doesn't care about Bitcoin as an interesting pieceo of technology and the philosophic ramifications that the technology has on society. In fact, unless you don't deeply understand these, you'll never make it because you'll not hold long enough.

+1 i have invested in bitcoin (and monero lately) because they fit my believes.
i also believe i can make money with them: but if not...well so be it... my main intention is to support a movement i believe in.

manselr

legendary

Activity: 868

Merit: 1006

Quote from: waterpile on March 09, 2015, 01:26:33 AM

mine? Like the most of the people are here for to earn and try to be rich through the use of bitcoin.

Yeah, that would sum up 99.99% of people. Wanting to be rich doesn't necessarly mean one doesn't care about Bitcoin as an interesting pieceo of technology and the philosophic ramifications that the technology has on society. In fact, unless you don't deeply understand these, you'll never make it because you'll not hold long enough.

waterpile

hero member

Activity: 602

Merit: 500

mine? Like the most of the people are here for to earn and try to be rich through the use of bitcoin.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

To get people to realize we are not slaves to the government but creators of it. If we sit back and let things happen the few and the powerful will do whatever they want. If we rise up and voice our will (peacefully) we will be able to shape the world we want to live in...with more equality (where equality is due) and more freedom.

V for Varoufakis

sr. member

Activity: 261

Merit: 250

The most important thing in an economy, is the velocity of money, so, an automatic fiat system, without human intervention, is very good idea.

Q7

sr. member

Activity: 448

Merit: 250

For me, what is important is preservation of value. It's not the ideal thing for fiat because the number of items I can buy with the fiat I have today will not get me the same few years down the road. No thanks to how central banks can actually manipulate the system and work their way out with printing more money. The fixed supply of bitcoin is what I like the most.

V for Varoufakis

sr. member

Activity: 261

Merit: 250

"i only need to trust mathematics"

Gold standard is the wrong mathematics. The right mathematics is: Big velocity of money=less money supply, small velocity of money=more money supply.

Bralex

sr. member

Activity: 308

Merit: 250

Quote from: onemorexmr on March 07, 2015, 08:16:23 AM

indeed: that was hard to learn!

my main concern is still all the thefts. yea i know who to blame, but still that was the sole reason why i stopped buying.

Quote from: Bralex on March 07, 2015, 08:11:47 AM

Lets go sailing my friend Cheesy

well... if you are in germany near bodensee sometime shoot me a pm. i'll have access to a sailboat there Wink

Yes the thefts are bad and not good for Bitcoin but they will eventually fade away when trusted exchanges come to the surface, they will be gone for good once we get decentralized Cool

Don't let them make you think twice as it is so new it had dirty people take advantage of it this happens with everything everywhere.

I am not actually to far from you lol and you may well get a pm from me in the summer

Meuh6879

legendary

Activity: 1512

Merit: 1012

2013 : the cave
2014 : the grass
2015 : the paved street
2016 : the car
2017 : the train
2018 : the sky
2019 : the moon
2020 : MARS (bird = FIAT money)

so, it's clear ... i'm on it ! Cheesy

Coinshot

hero member

Activity: 521

Merit: 500

Simple, i want to make more money. BTC is a traders best friend with the high volatility.
Holding for the big gains once every few years is not that tempting. Considerably more profit can be had by simply trading conservatively.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

I am here because Bitcoin is an exciting free market project, "the money part" is just an added bonus.

Topic: I do have an agenda - what is yours? (Read 2035 times)