Topic: The moronic purification cult is a direct result of hoarding - page 2. (Read 3823 times)

Please don't try to launder facts through rhetoric.

Look at the items for sale or auctioned on this forum. Most are one or another financial instrument. People are holding onto Bitcoins til there's a better price in other currencies. There isn't a consistent market for goods.

Hoarders are holding for better dollar prices. When the dollar crashes, bitcoins will no longer have any usefulness for them and they will start selling them massively.

Bitcoin value is "tied" to dollars? how do you explain the floating exchange rate? Bitcoin value is tied to the goods and services available in exchange for bitcoin + speculation on future availability of such goods and services.

"bitcoins store dollar value" wat?

Nope.


Not even close. As I said people are not complaining about not getting in on the ground floor. But rather because the people with the coins aren't talking. No one knows what the hell they want in services people can provide.

Check the auctions some time - it's all financial instruments no one new to Bitcoin has. Money for money.

Those are useless to people who want to build infrastructure with Bitcoin.


Nope. I believe the litecoiners are more reasonable in their awareness of immediate problems.


I sold gum for litecoins. Past tense. As in successful sale.

Bitcoiners want gold bars. Bitcoiners want to wait out the financial disaster. Litecoiners want to deal with the actual issues not just protect their own assets.


Nope. They're delusional if they think their Bitcoins will have value when the value is tied to dollars. Once no one wants dollars anymore no one will buy Bitcoins because they won't need them for storing dollar value. Euro will blow up around same time. Pounds will crash along with everything else. Maybe Asian currency basket will be valuable. How many yen is a burger these days?

If the UN announced Worldcoin was to be released. People would complain that the billionaires with their mining rigs make it impossible for the rest of us to mine any Worldcoin because the difficulty factor is too high. Trade prices would skyrocket as a result. I don't know about anyone else, but BTC @ < $5 US seems like a bargain.

ok, I stand correct. I shall rephrase,

There are somethings money can't buy. For everything else, there's bitcoin.

.

Maybe people don't want what you got?

I mean honestly I don't hoard, I routinely trade or sell 80%+ of the coins I have mined over the years.  Still I don't really care about an old piece of junk computer or a stick of gum.

Just yesterday I bought a yubikey off a noob.  No dollars involved.
I have bought gold coins from vendors, I routinely snap up useful computing hardware in the marketplace.

Some girls who never heard of Bitcoin before this week got more coins than you have simply by sharing naughty pics.

Maybe what you are offering is just worthless?

Hoarding doesn't reduce fungibility.  If anything it simply drives price up (less coins in effective supply) but the nominal price of Bitcoin is irrelevant.  

I want something other than dollars.
People who can't get bitcoins are getting loose with the fungibility. They don't respect it.

Angry ppl want to sacrifice important features to acquire / keep more bitcoins.

Hoarders are delusional if they think bitcoins will continue to have value when the dollar explodes. All attached currencies will fall including bitcoins.

I sold my gum.
I'll be selling my CPU.
And some head phones.
And pens, crayons, paper.

Shit. People. Use.

The litecoin culture is more conducive to get out of this mess than bitcoin culture.

Bro, I think I know what you were trying to say, you wanted to acquire bitcoins via bartering, and you were lamenting those hoarders don't want sell their coins, and don't want to buy your gum?

Everyone know what big hoarders want: higher prices.

There's nothing you can't buy in this world, if the price is right.

Uh-huh. I came to the conclusion it was a very clever chat bot. You can almost understand what it's getting at but ... logical content == 0.

In related news theives are using Gold to get dollars.  They think Gold is a joke.


Why do you need the "hoarders" coins and what they hell does that have to do with fungibility.

Thieves are using Bitcoin to get dollars. They think it's a joke.

There is a tension between the perception of Bitcoin (by necessity) and usage (by practicality).

Those of us who want to build are getting restless. We don't know what the big bitcoin holders want and they're not asking for anything we have when they do talk. This has resulted in ppl calling them hoarders. Others want demurrage. Others want tainting.

Fungibility is not being respected because bitcoins are a pain to acquire without going through the dollar bridge.

I want to build as well as protect fungibility. I'm cray cray like that.

So unless "hoarders" start saying what they want in terms of goods and services, we're going elsewhere. Litecoins, fartcoins, whatever it takes.

Coinmelting, tainting, 30% of the network not adding tx are symptoms.

Hoarding is called thus not because people are jealous (there is that element, tho), but mainly because people (who have no Bitcoins) are not waiting for the system to change, reset, repair.

They want a medium of exchange that allows them to replace broken or provide missing infrastructure.
You can also gauge the opinion of a currency by the behavior of thieves.

The amount of fraud in Bitcoin is right now related to how many people think it's a joke. Thieves want bitcoins to get easy dollars.
In the future they may steal Bitcoins so they can get a TV at a yard sale which they can put on auction for more Bitcoins.

But they are not doing that now.

I have sent the chewing gum from my LTC auction. 30.1 LTC for 5 sticks (I sent an 18 stick pack I bought for $1.69 - no 5 stick sugarless anywhere near me). Most 5 sticks are $.35 here. 1.69 / (18 / 5) = 1.69 / 3.6 = $.45 ish

LTCs trade at $.0055 - on the hypothetical chewing gum market they are worth $.35 / 30.1 to $.45 / 30.1 or 2.3 to 2.8 times.

And that's from ppl who have a lot. Combine low supply with renaissance mindset and you'll really see some action. Also for ppl who say that ppl are getting a bargain at 30.1 - I don't want $. I want cryptocoins. So they are in fact undervalued. The gum is cheap only if you want $.

I will be auctioning a T2330 Intel 1.6 GHz Laptop CPU for LTC soon.

I wasn't kidding when I said I would make a stand.