intuitively, which option would you pick? 1, 2 or 3 (see image) - page 2.

Als Pawnshop

vip

Activity: 103

Merit: 10

Just wondering, has anybody used the Casacius coins for a purchase? When you do, do you count them as the face value of one bitcoin, or do you also add in a bit extra? The physical coin should have some value, right?

Speaking of silver coins, why would you spend it on groceries worth $5 when you could exchange it at the price of silver, which is much greater? I think you could probably sell it here for bitcoins Wink

My grocer will give me $37 worth of groceries for a Maple.

Contact me and I'll be happy to pay you bitcoins for all your silver... Grin

Als Pawnshop

vip

Activity: 103

Merit: 10

Quote from: ?? on ??

Quote from: molecular on October 28, 2011, 05:06:26 PM

Quote from: Flappy on October 28, 2011, 05:03:45 PM

I can use fiat to buy milk and eggs. When I can use something else, I will.

I will try to use silver at my local farmer's shop soon and tomorrow I will try to pay a ride in silver. Let's see how that goes Wink

If in Canada then you will not have a problem spending them silver maples as they are produced by the Royal Canadian Mint and are legal tender, the one of them I have here says 5 dollars face value so any purchase under that and your good.

My Chinese grocery store accepts the Maples at Spot+$2.50 any day of the week. Wouldn't spend them for $5 Cry

.

Vandroiy

legendary

Activity: 1036

Merit: 1002

Well, no doubt 1 for me. Too bad Casascius raised his price recently, I just wasn't there in time to get more.

Brass is awesome, my favorite material for money. Then I love the holograms, they just catch the eye. And finally, actual data I can look up on the outside, the serial numbers on Euro are crap compared to the public/private key combo. If you replicate these, and someone spends them, the people holding the replicas can notice it themselves, not just someone at the central bank years later!

Also, silver is playing the bubble game and EUR is being maintained by destructive idiots these days, look at the dropping value.

I live in Europe, but hold more money in BTC than in EUR or silver (zero on silver, I wanted put options on it but the trading service screwed up, damn, missed that nice 10 USD drop). Sure, I need some USD for speculation security, but I guess it's obvious what I think of EUR and silver these days.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: ?? on ??

The third choice looks like monopoly money to me.

This is why the poll is not representative. Half of the world thinks monopoly money is involved

BitMagic

member

Activity: 98

Merit: 10

Quote from: BTCurious on October 28, 2011, 06:13:38 PM

Quote from: molecular on October 28, 2011, 06:12:06 PM

"Fluctuation" implies 2 objects. What are you measuring fiat fluctuation against?

It could be measured in groceries buying power. As in, non-currency objects. In that regard he would be right, I believe.

He can't read this, but BTCurious is correct. Volatility matters in terms of what you can buy with it. Alternatively, you could just compare it to USD, and see the same result.

Als Pawnshop

vip

Activity: 103

Merit: 10

Quote from: BTCurious on October 28, 2011, 07:51:18 PM

I like reversing the BTC/USD rate to a USD/BTC rate in my head, and trying to get the same emotions on a massive upswing as I get with a massive downswing. It makes no sense that these would give different emotions. Bloody psychology

That's how I see it. Whenever the price rises I start freaking out as my fiat based income plummets. BTC please stay low until I retire!!

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

I like reversing the BTC/USD rate to a USD/BTC rate in my head, and trying to get the same emotions on a massive upswing as I get with a massive downswing. It makes no sense that these would give different emotions. Bloody psychology

molecular

donator

Activity: 2772

Merit: 1019

Quote from: BTCurious on October 28, 2011, 07:23:19 PM

Quote from: molecular on October 28, 2011, 07:20:37 PM

I think the physical coins are a genious idea, because you actually start to "think" about bitcoin as money. Here I am, actually standing there in the shop, calculating the cost of cheese in BTC.

That's a fun thought experiment, but I see the BTC price at the moment still as rather volatile. If you get used to something now, it might be totally different next month…

Yeah, that constant change takes getting used to, still fun.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: molecular on October 28, 2011, 07:20:37 PM

I think the physical coins are a genious idea, because you actually start to "think" about bitcoin as money. Here I am, actually standing there in the shop, calculating the cost of cheese in BTC.

That's a fun thought experiment, but I see the BTC price at the moment still as rather volatile. If you get used to something now, it might be totally different next month…

molecular

donator

Activity: 2772

Merit: 1019

Quote from: nmat on October 28, 2011, 06:43:37 PM

Quote from: molecular on October 28, 2011, 04:35:44 PM

Quote from: nmat on October 28, 2011, 04:30:52 PM

3

Intuitively, I don't really know how much the others are worth

The 3 options are currently of equal value.

1 for me, btw.

Yes, I can easily calculate that, but my mind works in euros. I see that 50€ bill lots of times so I know how much it's worth. When I see a bunch of coins I need to think: "So they currently are worth around $3.2, and there are X coins in the photo so I would have N dollars and then in euros I would have...". My intuition skips the math and goes to "Hey, there's a 50€ bill here!".

(emphasis mine)

Since I bought some silver coins yesterday, I started denominating everything in terms of silver coins: case of good beer: 1/2 coin. 700km ride: 1 coin. weekly grocery shopping: 1 coin. domestic flight: 3 coins, night at hostel: hmm, probably 2/3rds of a silver coin.
I've been doing it with bitcoin, too, but only since I received my casascius physical coins. I think the physical coins are a genious idea, because you actually start to "think" about bitcoin as money. Here I am, actually standing there in the shop, calculating the cost of cheese in BTC.

nmat

hero member

Activity: 602

Merit: 502

Quote from: molecular on October 28, 2011, 04:35:44 PM

Quote from: nmat on October 28, 2011, 04:30:52 PM

3

Intuitively, I don't really know how much the others are worth

The 3 options are currently of equal value.

1 for me, btw.

Yes, I can easily calculate that, but my mind works in euros. I see that 50€ bill lots of times so I know how much it's worth. When I see a bunch of coins I need to think: "So they currently are worth around $3.2, and there are X coins in the photo so I would have N dollars and then in euros I would have...". My intuition skips the math and goes to "Hey, there's a 50€ bill here!".

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: molecular on October 28, 2011, 06:12:06 PM

"Fluctuation" implies 2 objects. What are you measuring fiat fluctuation against?

It could be measured in groceries buying power. As in, non-currency objects. In that regard he would be right, I believe.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: BitMagic on October 28, 2011, 06:03:25 PM

Quote from: Snapman on October 28, 2011, 04:42:16 PM

heh, why is fiat winning? people are zombies following a hunger for paper money.

Because of the three, it has had the least fluctuation in value over the last 3 months.

lol, if you compare bitcoin to namecoin, it doesn't fluctuate much either.

"Fluctuation" implies 2 objects. What are you measuring fiat fluctuation against?

BitMagic

member

Activity: 98

Merit: 10

Quote from: Snapman on October 28, 2011, 04:42:16 PM

heh, why is fiat winning? people are zombies following a hunger for paper money.

Because of the three, it has had the least fluctuation in value over the last 3 months.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: BTCurious on October 28, 2011, 05:23:33 PM

Quote from: molecular on October 28, 2011, 05:22:15 PM

1 - cause with 1 coin from 1, I can soon buy option 2 and enough of option 3 to wipe my ass with until the end of time.

*buys 1 bitcoin
I hope you're right

I'm not sure about the silver, that could be worth a lot, too.

I'm sure however, about being able to buy enough FIAT currency to wipe my ass with for just 1 BTC at some point. Looking forward to that.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: BTCurious on October 28, 2011, 05:23:33 PM

Quote from: molecular on October 28, 2011, 05:22:15 PM

1 - cause with 1 coin from 1, I can soon buy option 2 and enough of option 3 to wipe my ass with until the end of time.

*buys 1 bitcoin
I hope you're right

I've been thinking about how to "bring money online", because everything was going "online" back in the 90s with tremendous success. Nowadays it's hard to imagine our global society without the internet.

I did not succeed in finding a way to solve double-spend without having to say: "well, everyone will just have to trust me". So I knew the problem was hard and I actually wondered why no trustworthy banking authority would facilitate this. How naive of me.

When I saw Satoshis solution, I immediately knew that this was it! The solution to online money I'd been looking for back then. It dawned on me that it was probably also a good time to introduce a new global decentralized digital money.

The reason why bitcoin is taking its time to take off and adopt wider use, is because powerfull forces are working against it and the time is not quite right yet. But it will be right at some point and these powerfull forces will be overwhelmed by an even more powerfull force: the force of us people in unison.

We'll see, interesting times indeed.

Regarding bitcoin: in my mind, everything is working according to plan.

paraipan

legendary

Activity: 924

Merit: 1004