The REAL bubbles
Topic: The REAL bubbles (Read 7002 times)
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
Shave and a haircut? 2 bits.
Will be interesting to order bitburgers...
artificially grown bitburgers are the future. i am ready.
great meal:
artificial bitburgers + Bitburger beer (German brand)
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
Shave and a haircut? 2 bits.
Will be interesting to order bitburgers...
artificially grown bitburgers are the future. i am ready.
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
Shave and a haircut? 2 bits.
Will be interesting to order bitburgers...
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
Shave and a haircut? 2 bits.
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
I agree. With "bits" this might get traction, but definitely not "milibits"
"bits" parity to USD? Lets find out.. heh
Ente
I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
good thread!
me i say 3000$ is the next target
its not hard to see bitcoin worth
now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $
We can just split 1 Bitcoin into 1000 bits.
yes, or prices need to be quoted in satoshis.
still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc..
who decides on the "split"?
"the crowd". It's not time yet. When the "bit" or "mBTC" or "milli" or whatever comes close or surpasses USD paritiy people will move their minds, not before. So: next year
good thread!
me i say 3000$ is the next target
its not hard to see bitcoin worth
now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $
We can just split 1 Bitcoin into 1000 bits.
yes, or prices need to be quoted in satoshis.
still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc..
who decides on the "split"?
I hope for a diversity of scales to be used via metric prefixes.
A hope which is realized in the past!
https://en.bitcoin.it/wiki/Units
1 BTC = 1000 mBTC = μ1000000
good thread!
me i say 3000$ is the next target
its not hard to see bitcoin worth
now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $
We can just split 1 Bitcoin into 1000 bits.
yes, or prices need to be quoted in satoshis.
still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc..
who decides on the "split"?
I hope for a diversity of scales to be used via metric prefixes.
good thread!
me i say 3000$ is the next target
its not hard to see bitcoin worth
now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $
We can just split 1 Bitcoin into 1000 bits.
yes, or prices need to be quoted in satoshis.
still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc..
who decides on the "split"?
good thread!
me i say 3000$ is the next target
its not hard to see bitcoin worth
now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $
We can just split 1 Bitcoin into 1000 bits.
All im gonna saying is a many will suffer painful loses before any fuckin $1000 day.
many will suffer painful losses after fuckin $1000 day, too
Paranoid much?
So you're claiming there aren't more countries with nukes than a few decades ago? Sure, overall numbers are down, but the number of countries capable of destroying a continent has increased.
I don't really know. My opinion about this subject goes like this:
There are piles of nukes and there are piles of idiots, and the probability of nuclear war is directly proportional to the number of piles of nukes times the number of piles of idiots times the discrepancy between the size of the piles. Both of the latter has been decreasing, and I wouldn't argue that the number of idiots gonna come down any time soon.
It could be that I went a bit more optimistic about the current state of affairs since I noticed that the most popular critics of the system do not have the answer either. What I do believe is that most of the time people get along. In the case of nations in economic competition I do think that ultimately the local economies will become relevant again, simply because at a certain point transportation becomes prohibitively expensive.
Paranoid much?
So you're claiming there aren't more countries with nukes than a few decades ago? Sure, overall numbers are down, but the number of countries capable of destroying a continent has increased.
Paranoid much?
The system requires perpetual economic growth. This is not possible, even at a rate of 0.01%, unless the universe expands at least as fast and we are capable of occupying every empty space.fn1
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
It only requires exponential growth if loans are expected to be paid back.
lulz
ps, economy must grow. loans must grow to make possible. difficulty in repayment will scale with increasing loans.
People accept the default of other people, deal with it. That includes banks and central banks.
Competition among nation-states guarantees an unrelenting drive to grow perpetually. This is unsustainable and economic suicide. Refusing to participate in this unhealthy competition among nations is also suicide, as the winners indirectly oppress and devastate the non-participant's economies.
The goal of every viable economy is to endlessly harm itself just enough restart the growth machine. See Orwell's 1984 plz.
deal with it. i am right, you are wrong.
Just like nuclear war is inevitable, and nuclear proliferation won't happen, the cold war gonna kill you all.
Wait, nuclear stockpiles are
FTFY
The system requires perpetual economic growth. This is not possible, even at a rate of 0.01%, unless the universe expands at least as fast and we are capable of occupying every empty space.fn1
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
It only requires exponential growth if loans are expected to be paid back.
lulz
ps, economy must grow. loans must grow to make possible. difficulty in repayment will scale with increasing loans.
People accept the default of other people, deal with it. That includes banks and central banks.
Competition among nation-states guarantees an unrelenting drive to grow perpetually. This is unsustainable and economic suicide. Refusing to participate in this unhealthy competition among nations is also suicide, as the winners indirectly oppress and devastate the non-participant's economies.
The goal of every viable economy is to endlessly harm itself just enough restart the growth machine. See Orwell's 1984 plz.
deal with it. i am right, you are wrong.
Just like nuclear war is inevitable, and nuclear proliferation won't happen, the cold war gonna kill you all.
Wait, nuclear stockpiles are decreasing since over a decade? Unfathomable!
The system requires perpetual economic growth. This is not possible, even at a rate of 0.01%, unless the universe expands at least as fast and we are capable of occupying every empty space.fn1
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
It only requires exponential growth if loans are expected to be paid back.
lulz
ps, economy must grow. loans must grow to make possible. difficulty in repayment will scale with increasing loans.
People accept the default of other people, deal with it. That includes banks and central banks.
Competition among nation-states guarantees an unrelenting drive to grow perpetually. This is unsustainable and economic suicide. Refusing to participate in this unhealthy competition among nations is also suicide, as the winners indirectly oppress and devastate the non-participant's economies.
The goal of every viable economy is to endlessly harm itself just enough restart the growth machine. See Orwell's 1984 plz.
deal with it. i am right, you are wrong.
The system requires perpetual economic growth. This is not possible, even at a rate of 0.01%, unless the universe expands at least as fast and we are capable of occupying every empty space.fn1
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
nothing grows forever. then the void consumes it all.
-a parable, by sir Walz
1 see: the magic of compound interest
It only requires exponential growth if loans are expected to be paid back.
lulz
ps, economy must grow. loans must grow to make possible. difficulty in repayment will scale with increasing loans.
People accept the default of other people, deal with it. That includes banks and central banks.
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