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Topic: The Bitcoin decimal issue - page 4. (Read 5567 times)
*Insert Facepalm Spam Memes*
Allright lets relax with the spam kid. Send you right back to the newbie board/Mod reporting Lmao!!
Top 5 Epic fail storys of the forums
I know someday such a topic will exist
I know someday such a topic will exist
If someone popped up asking if the software could safely hold up his aquarium without bending or cracking, there isn't much that can be said by way of direct reply.
Such was his analogy. He is deeply confused. It is neither defensive nor tangential to point that out.
[/quote]
Tangential in that it doesn't address his point, rather ones own. Defensive in responding with mutual and valueless memes to distract from the possibilty of any merit. We might not all agree, but we do all understand the point he was making. If you hope to build cryptos into anything more than a zero-sum techie plaything I suggest it's time to stop playing and skirting around the questions everyone outside this small circle will have. If you don't, then as you were.
Once upon a time, there was a guy that didn't understand the difference between physical goods with mass, and abstract money. He wrote a story comparing bread to bitcoin. Sadly, everyone laughed at him, because each tiny little bit of bread can only be consumed once, so the whole loaf has only a fixed amount of sustaining power, no matter how divided, while money circulates to be used over and over again without ever being consumed.
Not everyone's laughing at him, many are laughing at the tangential and defensive responses.If someone popped up asking if the software could safely hold up his aquarium without bending or cracking, there isn't much that can be said by way of direct reply.
Such was his analogy. He is deeply confused. It is neither defensive nor tangential to point that out.
OK but did we just create a 'once a upon a time' meme with currency in this thread. I feel like OP fail has led to greatness... Going to try to contribute..
Once upon a time, there was a guy that didn't understand the difference between physical goods with mass, and abstract money. He wrote a story comparing bread to bitcoin. Sadly, everyone laughed at him, because each tiny little bit of bread can only be consumed once, so the whole loaf has only a fixed amount of sustaining power, no matter how divided, while money circulates to be used over and over again without ever being consumed.
Not everyone's laughing at him, many are laughing at the tangential and defensive responses.
Once upon a time, there was a guy that didn't understand the difference between physical goods with mass, and abstract money. He wrote a story comparing bread to bitcoin. Sadly, everyone laughed at him, because each tiny little bit of bread can only be consumed once, so the whole loaf has only a fixed amount of sustaining power, no matter how divided, while money circulates to be used over and over again without ever being consumed.
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Reported, with a request to burn after reading. Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
I dont see how that related to this.
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
1e-8 bitcoin can serve the EXACT same purpose as 1 bitcoin, in terms of using it as a digital currency unit.
1 breadcrumb can NOT serve the exact same purpose as 1 bread, in terms of satisfying a person's hunger.
Was that so hard?
The OP has no understanding of basic economics.
The value of any currency isn't "set" except by supply and demand.
100 years ago, you could buy a candy bar for $0.01. Today that same candy bar is $1.00. We didn't NEED to make the price more expensive, and it isn't more expensive at all, because the value of the US dollar has fallen 99x in 100 years. So today's $1.00 is EQUAL to $0.01 from 100 years ago.
The value of any currency isn't "set" except by supply and demand.
100 years ago, you could buy a candy bar for $0.01. Today that same candy bar is $1.00. We didn't NEED to make the price more expensive, and it isn't more expensive at all, because the value of the US dollar has fallen 99x in 100 years. So today's $1.00 is EQUAL to $0.01 from 100 years ago.
But if I have a penny from 10 years ago it isn't worth squat today, worth less than when it fell out of my pocket and rolled under the dresser. However if I have a bitcoin from 5 years ago it is worth a lot more. I like deflationary currency
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
..... I don't know whether to laugh or cry at this post.
This story reminds me of the infinite division vs infinitely small logic puzzle: The question goes something along the lines of: If you can split a minute/inch/teddy bear etc. into an infinite number of smaller pieces, and because infinity is of course never ending, how is it then possible that your minute/inch/severed puppy ear is not infinitely long/long/(hairy?).
That was solved like in 1600 https://en.wikipedia.org/wiki/Infinitesimal_calculushttps://en.wikipedia.org/wiki/Calculus
https://en.wikipedia.org/wiki/Differential_calculus
https://en.wikipedia.org/wiki/Integral_calculus
There once was a man called Nakamoto. He printed a million coins. He was later joined by a few other guys who together printed yet a few million coins. Thereafter many people joined, but printing then became very difficult. Actually the printing press will slow down to zero. However, those guys who printed the first coins are willing to sell their coins to rest of the world. And if those other people of the world only can grab a fraction of a coin, don't worry - it can be divided by 10e8. Economy!
There was once a man who lived in a poor city. He decided he loved all his people so much that he wanted them to be rich. He thought "If I could just find a way to make more money, I can help my people!!" So he simply broke into the mint and printed more money for them. Everytime there was a problem he broke in and printed more and more money to solve the issue. Eventually everyone had money making it become more and more useless and inflating the price of everything beyond a reasonable doubt. There was never a resolution, and the people of his city are still dealing with the problem to this very day. Sound familiar? 
It should because your one of the citizens.
Welcome one of the many global economic issues of today. Good Luck!!
It should because your one of the citizens.
Welcome one of the many global economic issues of today. Good Luck!!
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