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And guess what, bitcoins have more characteristics than just money! Whodduthunkit
For example? 
Topic: put on your tinfoil hats. I think I've gone over the edge. - page 2. (Read 4071 times)
And guess what, bitcoins have more characteristics than just money! Whodduthunkit
This.
I'm really shocked at the number of people posting in this forum that don't understand bitcoin beyond a superficial level. Maybe the knowledgable ones are just growing weary of trying to help educate the newcomers every time there is a bubble.
Or tired. Or, maybe they are rich now and don't care haha.
And guess what, bitcoins have more characteristics than just money! Whodduthunkit
This.
I'm really shocked at the number of people posting in this forum that don't understand bitcoin beyond a superficial level. Maybe the knowledgable ones are just growing weary of trying to help educate the newcomers every time there is a bubble.
Money is an item you trade for other items.
So pigs are money? Stocks are money. Securities are money. You're an idiot, shut up. If you're in the USA, then you certainly care what the monkeys are saying. If you're not, the impact won't be as big on you.
I'm not in the USA. But I don't care about the bullshit politicians talk about bitcoins in my country neither.
That's not what you said. You said money is an item you trade for other items. You could trade a pig for other items. You said nothing of inherent value. Now you want to change your super broad definition a little?
Please, mr educator, tell us more of your vague argument.
Pigs have additional characteristics than just being an "item". Or would you say a stone is the same as a table, just because they are both "items"?
I just wanted you to understand, that you can indeed use everything for money. Thus "money is an item you trade for other items.". But it doesn't mean that everything IS money. But almost everything CAN be money.
Got it?
And guess what, bitcoins have more characteristics than just money! Whodduthunkit
Money is an item you trade for other items.
So pigs are money? Stocks are money. Securities are money. You're an idiot, shut up. If you're in the USA, then you certainly care what the monkeys are saying. If you're not, the impact won't be as big on you.
I'm not in the USA. But I don't care about the bullshit politicians talk about bitcoins in my country neither.
That's not what you said. You said money is an item you trade for other items. You could trade a pig for other items. You said nothing of inherent value. Now you want to change your super broad definition a little?
Please, mr educator, tell us more of your vague argument.
Pigs have additional characteristics than just being an "item". Or would you say a stone is the same as a table, just because they are both "items"?
I just wanted you to understand, that you can indeed use everything for money. Thus "money is an item you trade for other items.". But it doesn't mean that everything IS money. But almost everything CAN be money.
Got it?
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
Your comparison of Bitcoin to a price tag is a poor one to be honest.
But, in answer to your question: Yes, if everyone is trading price tags for the things that they want, prices tags are a currency.
Like I said, if a currency is something you trade with then everything is a currency...
no.
it needs to have certain properties for it to be considered as currency by the free market.
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
Your comparison of Bitcoin to a price tag is a poor one to be honest.
But, in answer to your question: Yes, if everyone is trading price tags for the things that they want, prices tags are a currency.
Like I said, if a currency is something you trade with then everything is a currency...
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
Your comparison of Bitcoin to a price tag is a poor one to be honest.
But, in answer to your question: Yes, if everyone is trading price tags for the things that they want, prices tags are a currency.
Money is an item you trade for other items.
So pigs are money? Stocks are money. Securities are money. You're an idiot, shut up. If you're in the USA, then you certainly care what the monkeys are saying. If you're not, the impact won't be as big on you.
I'm not in the USA. But I don't care about the bullshit politicians talk about bitcoins in my country neither.
That's not what you said. You said money is an item you trade for other items. You could trade a pig for other items. You said nothing of inherent value. Now you want to change your super broad definition a little?
Please, mr educator, tell us more of your vague argument.
Bitcoin is not a stock, it's a goddamn currency for gods sake.
Bitcoin is not a currency, it's a goddamned highly volatile stock that's useful mostly for speculators who want to get rich without working, for goodness' sake. (At least try to be honest.) Bitcoin is not a stock, it's a goddamn currency for gods sake.
During the senate hearing they kept on referring to it as a currency or a security. They weren't sure what to call it.
And why exactly do I care about this senate hearing?
Quote
...
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
Money is an item you trade for other items.If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
So pigs are money? Stocks are money. Securities are money. You're an idiot, shut up. If you're in the USA, then you certainly care what the monkeys are saying. If you're not, the impact won't be as big on you.
I'm not in the USA. But I don't care about the bullshit politicians talk about bitcoins in my country neither.
The idiot here is you
ok i can accept bitcoin isnat a ponzi scheme but, it still seems vulnerable to market manipulation by large owners
Your right, but as times go, the coins will be distributed to more people, thus less volitale price
Bitcoin is not a stock, it's a goddamn currency for gods sake.
During the senate hearing they kept on referring to it as a currency or a security. They weren't sure what to call it.
And why exactly do I care about this senate hearing?
Quote
...
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
Money is an item you trade for other items.If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
So pigs are money? Stocks are money. Securities are money. You're an idiot, shut up. If you're in the USA, then you certainly care what the monkeys are saying. If you're not, the impact won't be as big on you.
My opinion is Bitcion is not a stock or a currency. It's a digital commodity like mp3s and graphics. You are paying for some numbers in a text file. People want to have a Bitcoin so they pay for it.
This... It is a commodity today that has some currency characteristics (note how the Senate hearings discussed as well). In the long run the commodity characteristics may go away if it becomes of greater common utility (mom can use it etc...).
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It's a trend like elmos and beanie babies.
Not That...This is going to be quite different. Elmos and beanie babies do not have the right qualities to be successful long term. Having a protocol for exchange of value is absafreakingmazing.
i am psychiatrist and what i have learned in my profession through the years, is the people strive after power. if you have a couple before you, everyone will claim for themselves that is true. you get a good feeling about purpose of people and of people thinking throughout the years.
the basic instinct that is driving all the people is programmed purpose of money and everything that has some value. because people start to feel accepted into society, from others. this gave them the power and after they develop a tolerance for that feeling, they move onto expectations. but expectation is the reason, if they are gonna feel good or bad. if the expectation is meet, they feel good, if not, they feel bad.
and when something happen, even small thing, like they get paycheck in that day of the week, they are prominent happy, but after some time, because of tolerance, they need more of that feeling. this is also a vicious circle, that are imho 90% of people caught in, and of course this is the reason, that prevents people to be truly happy.
on topic: i wanted to say that it is possible to predict in a 40% what will happen to a currency, only if you know, what type of people posses the btc on a psychological base.
the basic instinct that is driving all the people is programmed purpose of money and everything that has some value. because people start to feel accepted into society, from others. this gave them the power and after they develop a tolerance for that feeling, they move onto expectations. but expectation is the reason, if they are gonna feel good or bad. if the expectation is meet, they feel good, if not, they feel bad.
and when something happen, even small thing, like they get paycheck in that day of the week, they are prominent happy, but after some time, because of tolerance, they need more of that feeling. this is also a vicious circle, that are imho 90% of people caught in, and of course this is the reason, that prevents people to be truly happy.
on topic: i wanted to say that it is possible to predict in a 40% what will happen to a currency, only if you know, what type of people posses the btc on a psychological base.
Bitcoin is not a stock, it's a goddamn currency for gods sake.
During the senate hearing they kept on referring to it as a currency or a security. They weren't sure what to call it.
And why exactly do I care about this senate hearing?
Quote
...
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
Money is an item you trade for other items. If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
...
My opinion is Bitcion is not a stock or a currency. It's a digital commodity like mp3s and graphics. You are paying for some numbers in a text file. People want to have a Bitcoin so they pay for it. It's a trend like elmos and beanie babies.
People say Bitcoin is a currency because it's numbers and you are buying things. There is no difference between Bitcoin and a Price Tag on an item. The Price Tag says how much an item is worth like Bitcoin.
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
If I pay you 1 Bitcoin to mow my lawn then I am trading my Digital Commodity for your service. In this case, Bitcion IS the Price Tag and that's what makes its value.
People say Bitcoin is a currency because it's numbers and you are buying things. There is no difference between Bitcoin and a Price Tag on an item. The Price Tag says how much an item is worth like Bitcoin.
If we agree that I will trade you a random physical Price Tag from a store with numbers on it for a Candy Bar does that make the Price Tag a currency? If we are trading the item for your item?
If I pay you 1 Bitcoin to mow my lawn then I am trading my Digital Commodity for your service. In this case, Bitcion IS the Price Tag and that's what makes its value.
Bitcoin is not a stock, it's a goddamn currency for gods sake.
During the senate hearing they kept on referring to it as a currency or a security. They weren't sure what to call it.
Bitcoin is not a stock, it's a goddamn currency for gods sake.
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