I prefer to think of it as "mostly currency" with properties that make it hold value better in it's money aspect than most FIAT currencies, but I really don't think anyone wants us to debate that here and I'm not that interested in definitions.
Cheers!
Fair enough, this probably isn't the place. Right now my time is so limited that I can't pursue this in great detail, but if you'd be interested in debating it some other time and in a new thread, I would be up for that. In reading my original post, it came off as an attack. In reality, I just hadn't had my coffee yet
I find a lot of your stated opinions to be similar to mine, and I like your posts. I think it would be an engaging debate.
Anyway, I'll leave it at that for now, except to say that economics is a rather serious hobby of mine. That is what initially attracted me to bitcoin, it's a novel approach to money. Not exactly fiat, not tangible, but with elements of both. It seems a worthy experiment from many different angles.
It did not come at all like an attack and thanks for the appreciation. I agree 100% with you that it has elements of both and that makes it attractive. That is not something we are coming up now either
. I don't think we have much to discuss about it really (not me at least).
I am more interested in the consequences of this psychological aspect of mining at the moment actually:
But that's also for some other thread. I can do it a few weeks from now or you can do it now if you're interested
Also I genuinely meant it when I said I liked your proper gold mining experience. You certainly must have a lot to teach. (another thread
)
Btw, for this post not to be a complete off-topic I'll report this now: my unit has now been running without the "dwindledown" for 2 days straight with 0.98 vanilla at ~70 degrees reported (open, no case fans, coolers on which is what seems to work for my machine). ~3.5% HW, ~4 cores off. ~561 GH/s reported by the ckolivas cgminer shipped with 0.98 vanilla. 558 at pool. Using Slush continuously.
Cheers!