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bitfreak!

legendary

Activity: 1536

Merit: 1000

electronic [r]evolution

Quote from: Kluge on December 15, 2012, 07:53:42 AM

I loved reading this recent exchange on the discussion page:
Comment: It's about as much of a currency as kids exchanging marbles within their circle of friends for candy.

In reality any currency is a group of people exchanging the units of that currency between themselves. If the marbles were really rare and they all agreed to use them as a common medium of exchange, the marbles would become a currency. The main difference between any two currencies is the size of the group of people who utilize the currencies. At what point does it go from just being a "group of friends" to a legitimate widely used currency? It would be very easy to argue that bitcoin is certainly a "legitimate" currency in that sense, because it's used by hundreds of thousands of people, maybe even millions of people, from all around the world. It's a global currency used to facilitate international exchange... if that doesn't qualify as a currency then I don't know what does. Oh right it has to be Government backed. Roll Eyes

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: Phinnaeus Gage on December 15, 2012, 12:33:36 AM

Quote from: evoorhees on December 14, 2012, 12:02:30 AM

Quote from: DoomDumas on December 13, 2012, 09:44:18 PM

I dont like "internet" as a name to define 0.01 BTC !
This does'nt fit at all in my mind !
Bitcents seems some way familliar, but dont like the link with the dollar too.. other appelation would be better in my opinion !

Internet as a formal name for the unit... terrible idea.
Ooo
Internet as an insider casual name for the unit... no problem.

.01 btc should be called bitcents. And 0.001 btc should be millibit, which is already widely used.

Seems like we have two distinct dialogs going in this thread.

I, too, frown on the idea of using internet as a denomination, but let's explore this option a little further nonetheless. Consider the following: http://grammarist.com/usage/inter-intra/

Quote

Inter-, intra-
The prefix inter- means between or among. The prefix intra- means within. So, for example, an interstate highway is a highway that goes between or among states, while an intrastate highway is one that exists only within a single state.

What I envision is a class of denominations too small to be used in the real world for any country's currency, yet acceptable only via the internet. The class could be referred to as the intranets or, moreover: intranetz; intra-nets; intra-netz; intrabits; intrabitz; intra-bits; intra-bitz.

What also can be considered is the class uses a hyphenated option, and a denomination of choice uses the same word, but un-hyphenated.

Not being a wordsmith, that's the best I can do. If only I had a spotless desk, I'm sure I could have provided better advice.

~Bruno K~

Netcoin, intercoin all sound better to my ear then internets which sound valueless/abstract like karma

rebuilder

legendary

Activity: 1615

Merit: 1000

I adde my 2 cents, replying to a request for a "source saying Bitcoin is a currency by an unbiased organization with reconized authority"

Quote

There's the European Central Bank study on virtual currencies, with a lenghty portion focusing on Bitcoin:
http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf
I quote: "It operates at a global level and can be used as a currency for all kinds of transactions (for both virtual and real goods and services), thereby competing with official currencies like the euro or US dollar"
There's also this tidbit about the Swedish FSA considering Bitcoin a "means of payment" for business purposes:
http://www.bitcoin.se/2012/12/04/finansinspektionen-klassar-bitcoin-som-betalningsmedel/
(In Swedish, but google translation looks decent enough.)

Rudd-O

newbie

Activity: 56

Merit: 0

Those are SA goons, and the person responding to the goons didn't know how to handle that (should have erased the defamatory content with the false/unsubstantiated child rape allegations).

Kluge

donator

Activity: 1218

Merit: 1015

I loved reading this recent exchange on the discussion page:
Comment: It's about as much of a currency as kids exchanging marbles within their circle of friends for candy. Except it's electronic data and child pornography.

Response (I assume this person is not a troll): Except bitcoin is not used exclusively to purchase child pornography or any ONE product, you can use bitcoin to purchase whatever anyone may be selling.

Bitcoin isn't used EXCLUSIVELY to purchase child pornography. Like - theoretically, in the future, someone could sell something other than child pornography. Probably a rape van, from what I learned on that discussion page. Cheesy

Ahhh........ That's not funny.

(Sorry. Assuming someone here probably wrote it. Don't mean ill and know you meant differently - just made me chuckle.)

Rudd-O

newbie

Activity: 56

Merit: 0

FYI: I have blatherblatherblather on ignore.

The rest of you -- that is, smart people, not idiots and sociopaths -- wise up and help by bringing both well-reasoned arguments (which won't matter at this stage, but will be highly valuable later in the process) and motions to fully-protect the page with the well-sourced content that saboteurs have been vandalizing.

blablahblah

hero member

Activity: 775

Merit: 1000

Quote from: Rudd-O on December 15, 2012, 07:28:13 AM

Rudd-O
Unignore
This user is currently ignored.

No! Please just go away! Sometimes it's better to be gracious in defeat. Cheesy

Rudd-O

newbie

Activity: 56

Merit: 0

So why don't you guys intervene in the talk page and revert the undo? Do I have to do it all by myself, and be (incorrectly) perceived as a "one-man show" as the SA goons refer to me?

blablahblah

hero member

Activity: 775

Merit: 1000

All of these "list of highest/lowest/cheapest ______" articles scream "original research". Obviously the list wasn't taken out of a book or from some "reliable secondary source" discussing someone else's research, so why do they even bother with the charade of requiring citations and references? Roll Eyes

elux

legendary

Activity: 1458

Merit: 1006

Quote from: Rudd-O on December 15, 2012, 06:30:02 AM

I have restored the vandalized deletion of Wikipedia there.

This page is important because people like to know what the highest-valued currency is, to the point of asking Google via voice on their Android phones that very question.

To any Wikipedia editors reading this: Stay alert and revert any vandalism removing that information from the page.

Aaaand... It's gone. Again. Predictably.

Quote

10:49, 15 December 2012‎ Petomaatti (talk | contribs)‎ . . (5,941 bytes) (-823)‎ . . (Reverting underhanded POV push to FishMech's last revision)

10:16, 15 December 2012‎ Rudd-O (talk | contribs)‎ m . . (6,764 bytes) (+823)‎ . . (while the vandals -- a crew of Something Awful goons who provoked an edit war here -- are (rightfully) blocked, I will add back properly-cited removed facts they censored)

See my previous comment:

Quote

I think the better tactical move would be to create a new paragraph discussing "Other Currencies", including Bitcoin, along with well sourced references.

Bitcoin has - as a matter of fact - been the highest valued currency in the world for about 12 months or so.
However, adding Bitcoin to the top of the list ~~(with no references)~~ without justifying it is pretty much begging for deletion.

Disclaimer: I am not a Wikipedian

jl2035

full member

Activity: 146

Merit: 100

So now it's just gone?

http://en.wikipedia.org/wiki/Highest-valued_currency_unit

or am I looking at the wrong place..?

Rudd-O

newbie

Activity: 56

Merit: 0

I have restored the vandalized deletion of Wikipedia there.

This page is important because people like to know what the highest-valued currency is, to the point of asking Google via voice on their Android phones that very question.

To any Wikipedia editors reading this: Stay alert and revert any vandalism removing that information from the page.

Dansker

hero member

Activity: 740

Merit: 500

Hello world!

As much as I like bitcoin, I must say that I find Cosby-coin trolling hilarious Cheesy

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: evoorhees on December 14, 2012, 12:02:30 AM

Quote from: DoomDumas on December 13, 2012, 09:44:18 PM

I dont like "internet" as a name to define 0.01 BTC !
This does'nt fit at all in my mind !
Bitcents seems some way familliar, but dont like the link with the dollar too.. other appelation would be better in my opinion !

Internet as a formal name for the unit... terrible idea.

Internet as an insider casual name for the unit... no problem.

.01 btc should be called bitcents. And 0.001 btc should be millibit, which is already widely used.

Seems like we have two distinct dialogs going in this thread.

I, too, frown on the idea of using internet as a denomination, but let's explore this option a little further nonetheless. Consider the following: http://grammarist.com/usage/inter-intra/

Quote

Inter-, intra-
The prefix inter- means between or among. The prefix intra- means within. So, for example, an interstate highway is a highway that goes between or among states, while an intrastate highway is one that exists only within a single state.

What I envision is a class of denominations too small to be used in the real world for any country's currency, yet acceptable only via the internet. The class could be referred to as the intranets or, moreover: intranetz; intra-nets; intra-netz; intrabits; intrabitz; intra-bits; intra-bitz.

What also can be considered is the class uses a hyphenated option, and a denomination of choice uses the same word, but un-hyphenated.

Not being a wordsmith, that's the best I can do. If only I had a spotless desk, I'm sure I could have provided better advice.

~Bruno K~

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: klaus on December 13, 2012, 02:22:54 PM

hey. some ashole put Cosbycoin on top. what a nonsense.

An admin semi-protected the page now. No more anonymous edits at least.

Rudd-O

newbie

Activity: 56

Merit: 0

Quote from: klaus on December 13, 2012, 02:22:54 PM

hey. some ashole put Cosbycoin on top. what a nonsense.

http://s14.directupload.net/file/d/3103/4vx6o43g_gif.htm

It was a goon.

http://forums.somethingawful.com/showthread.php?threadid=3486823&userid=0&perpage=40&pagenumber=262#post410553721

paraipan

legendary

Activity: 924

Merit: 1004

Firstbits: 1pirata

Quote from: Transisto on December 14, 2012, 04:05:12 AM

What's needed to get ISOed ?

Sign this petition

sifo

newbie

Activity: 38

Merit: 0

Quote from: evoorhees on December 13, 2012, 12:57:09 PM

This is actually a meaningless/arbitrary indicator, as it's only a matter of notation, but still this makes me smile

You are right, it is meaningless indicator. More sense would have compare value of all money in market to value of all bitcoins. For example vaule of all Zimbabwe dollars and few other currencies against BTC.

Shame I'm too laze to do research. Sad

Transisto

donator

Activity: 1731

Merit: 1008

What's needed to get ISOed ?

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Bitcoin is a viral phenomenon, and reddit (and 4chan) is the perfect place for a viral phenomenon to blast off. But it needs to fit into the culture, and that's where the name "internets" comes in. Now to officially call them "internets" would throw cold water on the meme; it should never look official or like it was a deliberate attempt to engineering a meme. This is simply a prediction that this meme could take off, also because eventually Bitcoin will be as beloved to the reddit community as the internet itself. It is the currency of the internet, and like the internet it is a phenomenon of natural order, growing like an intrusive vine whose tendrils inexorably burrow into establishment structures and reduce them to wreckage.

Topic: Meanwhile on Wikipedia... - page 3. (Read 9964 times)