On a forum discussing a digital "currency" whose primary use is drugs and child porn and money laundering you're worried about me saying "dick". Word.
I am VERY worried about you calling me ANY name
I NEVER gave you the right.
Topic: SC5 founds a Bitcoin Bank - page 2. (Read 3652 times)
I am VERY worried about you calling me ANY name
I NEVER gave you the right.
Can you guys stop feeding this troll? He's already devolved the conversation to name-calling, you won.
Has anyone confirmed that this SC5 announcement is not an April Fool's joke? Because it's pretty big otherwise.
Has anyone confirmed that this SC5 announcement is not an April Fool's joke? Because it's pretty big otherwise.
I don't know dude what about the fucking great depression? It's hard for me form an informative argument when you lack a basic understanding or education on the topic. Seems like the length of your understanding is regurgitating things you sought out with the intent of proving the thing you already believed.
Seriously, the great depression argument. You are on a bitcoin forum you should already know why that is unconvincing. Sorry, go read more papers and books, this time think critically about what they say and perhaps go read opposing points of view to get some ideas of why your claims are not accepted by others as "axiomatic".
Reread what I said. I said your claims were nothing but a hypothesis, not that they are an invalid idea/argument. They are also not fact or axiomatic. Bitcoin is great, because now we can get some data.
Keep your language at bay
Man I'm not even trying to be a dick but you are Donny and you are out of your element. Your questions demonstrate a severe misunderstanding of the conversation. I am not advocating that bitcoin become a currency upon which world economies be founded.
I don't know dude what about the fucking great depression? It's hard for me to form an informative argument when you lack a basic understanding or education on the topic. Seems like the length of your understanding is regurgitating things you sought out with the intent of proving the thing you already believed.
I don't really understand why you bother so much with bitcoin and its deflationary nature. There is fiat if you need inflation.
Can you please explain?
I don't know dude what about the fucking great depression? It's hard for me form an informative argument when you lack a basic understanding or education on the topic. Seems like the length of your understanding is regurgitating things you sought out with the intent of proving the thing you already believed.
Seriously, the great depression argument. You are on a bitcoin forum you should already know why that is unconvincing. Sorry, go read more papers and books, this time think critically about what they say and perhaps go read opposing points of view to get some ideas of why your claims are not accepted by others as "axiomatic".
If you're going to ignore everything ever demonstrated in the history of economics and all evidence and common sense and just plug your ears and scream FREE MARKET FYGM DEFLATION IS GOOD then I don't know why you'd bother entering the conversation.
I don't know dude what about the fucking great depression? It's hard for me form an informative argument when you lack a basic understanding or education on the topic. Seems like the length of your understanding is regurgitating things you sought out with the intent of proving the thing you already believed.
Seriously, the great depression argument. You are on a bitcoin forum you should already know why that is unconvincing. Sorry, go read more papers and books, this time think critically about what they say and perhaps go read opposing points of view to get some ideas of why your claims are not accepted by others as "axiomatic".
A) that has never, ever, been the outcome of a situation where an economy ran on a deflationary currency
B) that outcome is bad because lots of things that are necessary and benefit mankind/civilization would not ever provide those returns
C) you are stupid
B) that outcome is bad because lots of things that are necessary and benefit mankind/civilization would not ever provide those returns
C) you are stupid
A) Where is the data? What other conditions were in place that differ from the circumstances around bitcoin?
B) People are more than rational economic actors, they like getting involved in projects they think are a good idea.
C)
: deflationary currency is bad because the economy will stagnate due to storing wealth being more beneficial than using it
: NO ITS BETTER BECAUSE IT ALLOWS YOU TO STORE YOUR WEALTH BETTER : but that is the point encouraging hoarding of currency is a bad thing :BUT IT LETS YOUR HOARD BETTER
^^ It is not at all "because I say so". One assumes if you're entering a discussion about currencies, their traits, and how those traits affect economies that you would already know the widely known facts about what those traits cause. Your lack of knowledge does not make it just my opinion. Read a book.
I would appreciate if you respected my person a little more than you respect my opinion. I don't speak badly to you.
I have to question if inflationary economy is any good really. An economy where I have to change my tv, car, stereo, house etc every few years and fill earth with garbage because it's the only way to keep the current governments and banks afloat. I don't care.
A) that has never, ever, been the outcome of a situation where an economy ran on a deflationary currency
B) that outcome is bad because lots of things that are necessary and benefit mankind/civilization would not ever provide those returns
C) you are stupid
B) that outcome is bad because lots of things that are necessary and benefit mankind/civilization would not ever provide those returns
C) you are stupid
: deflationary currency is bad because the economy will stagnate due to storing wealth being more beneficial than using it : NO ITS BETTER BECAUSE IT ALLOWS YOU TO STORE YOUR WEALTH BETTER : but that is the point encouraging hoarding of currency is a bad thing :BUT IT LETS YOUR HOARD BETTER^^ It is not at all "because I say so". One assumes if you're entering a discussion about currencies, their traits, and how those traits affect economies that you would already know the widely known facts about what those traits cause. Your lack of knowledge does not make it just my opinion. Read a book.
No people will only invest in good ideas with returns greater than hoarding, and be driven to seek them out in order to attain even more of this appreciating currency because that means even more reward later.
: deflationary currency is bad because the economy will stagnate due to storing wealth being more beneficial than using it : NO ITS BETTER BECAUSE IT ALLOWS YOU TO STORE YOUR WEALTH BETTER : but that is the point encouraging hoarding of currency is a bad thing :BUT IT LETS YOUR HOARD BETTER^^ It is not at all "because I say so". One assumes if you're entering a discussion about currencies, their traits, and how those traits affect economies that you would already know the widely known facts about what those traits cause. Your lack of knowledge does not make it just my opinion. Read a book.
You do realize that kind of thinking and behavior is exactly what makes delfationary currency a bad thing yea? It's cute that you clearly think this dumb one-liner is so clever when it is massively stupid and actually makes my point for me.
It is no a hypothesis stated as fact. It is the observation anyone with a sense of economic history makes and it is EXTREMELY obvious why it is true. It is axiomatic.
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Are you trying to convince me that it is better to store water in a container full of holes?
This is a retarded analogy and has no relevance in a discussion about currency and economies.Axiomatic or not, I still like my containers sealed, not full of holes.
It is no a hypothesis stated as fact. It is the observation anyone with a sense of economic history makes and it is EXTREMELY obvious why it is true. It is axiomatic.
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Are you trying to convince me that it is better to store water in a container full of holes?
This is a retarded analogy and has no relevance in a discussion about currency and economies. So long as the community around bitcoin is only interested in denominating the value of their goods/services/investments in USD instead of BTC bitcoin will remain a penny stock and have no chance of becoming a currency. The deflationary nature is a very bad thing for a currency to have and you are all slowly seeing why (while still not connecting the dots and continuing to think bitcoin will actually be a world currency one day). You're so close to getting it.
You tend to forget that bitcoin is really really young and little in capitalization, hence, it is unstable.
It will stabilize over the years and then it will be more easy to use for a greater variety of day to day transactions.
Gold is deflationary but nobody sees gold as bad!!
Yes, of course. Goverments and bankers couldn't confiscate people's belongings via inflation. Don't you agree?
Quote
Bitcoin is not a currency, it's a commodity..
This is exactly right.Are you trying to convince me that it is better to store water in a container full of holes?
So long as the community around bitcoin is only interested in denominating the value of their goods/services/investments in USD instead of BTC bitcoin will remain a penny stock and have no chance of becoming a currency. The deflationary nature is a very bad thing for a currency to have and you are all slowly seeing why (while still not connecting the dots and continuing to think bitcoin will actually be a world currency one day). You're so close to getting it.
You tend to forget that bitcoin is really really young and little in capitalization, hence, it is unstable.
It will stabilize over the years and then it will be more easy to use for a greater variety of day to day transactions.
Gold is deflationary but nobody sees gold as bad!!
Yes, of course. Goverments and bankers couldn't confiscate people's belongings via inflation. Don't you agree?
That's nothing more than a hypothesis phrased as if it were fact. We will see, unless something ruins the project, bitcoin will show us what happens.
So long as the community around bitcoin is only interested in denominating the value of their goods/services/investments in USD instead of BTC bitcoin will remain a penny stock and have no chance of becoming a currency. The deflationary nature is a very bad thing for a currency to have and you are all slowly seeing why (while still not connecting the dots and continuing to think bitcoin will actually be a world currency one day). You're so close to getting it.
You tend to forget that bitcoin is really really young and little in capitalization, hence, it is unstable.
It will stabilize over the years and then it will be more easy to use for a greater variety of day to day transactions.
Gold is deflationary but nobody sees gold as bad!!
Yes, of course. Goverments and bankers couldn't confiscate people's belongings via inflation. Don't you agree?
Bitcoin is not a currency, it's a storage of wealth, a commodity like Gold with currency like attributes (easy to transfer, etc) but it's not a currency.
You know how I know it's not a currency? Because it's hard to sell anything in bitcoins now... because everyone believes they can buy 2 of that same item your selling in a week.
We don't really disagree. I tend to think that bitcoin is a medium that people can use as they see fit, others to store wealth and others to conduct business.
If one uses it to store wealth, it can be imagined as a barrel where drinking water is stored. It head better be sealed and closed and not full of holes, as in inflationary, thank you.
So long as the community around bitcoin is only interested in denominating the value of their goods/services/investments in USD instead of BTC bitcoin will remain a penny stock and have no chance of becoming a currency. The deflationary nature is a very bad thing for a currency to have and you are all slowly seeing why (while still not connecting the dots and continuing to think bitcoin will actually be a world currency one day). You're so close to getting it.
You tend to forget that bitcoin is really really young and little in capitalization, hence, it is unstable.
It will stabilize over the years and then it will be more easy to use for a greater variety of day to day transactions.
Gold is deflationary but nobody sees gold as bad!!
Yes, of course. Goverments and bankers couldn't confiscate people's belongings via inflation. Don't you agree?
Quote
Bitcoin is not a currency, it's a commodity..
This is exactly right. Jump to: