Topic: This currency is too volatile! (Read 2761 times)

I met Rassah at the bitcoin thing in silicon valley. I can confirm that he at least appears to be a man. Also that he is an alright guy.

In Holland you can be male and have a husband. 

I, for one, made that same mistake back during the Pinkie Pie episode. To this day, I still have to catch myself in making sure I didn't/don't use the she pronoun when replying to or referencing Rassah.

That said, I consider Rassah one of the most trusted members of the Bitcoin community and love to see him part of The Bitcoin Foundation in any capacity.

Bruno Kucinskas

The BEST segment!


Actually, there are still a few people who are unsure as to my gender (probably because I mention having a husband), so I wouldn't be surprised if some did believe me. It would make for an interesting experiment though.

its amazing how many people post without reading the first post.

No, I doubt you could claim that as a male you gave birth and post a random link and be sure 80% of the people reading would assume you're telling the truth.

If, however, you post something that is easily likely, such as a profit or loss % on BTC between arbitrary dates given its volatility, then yes people will tend to imagine you're telling the truth if you assert it as such.

There you go Rassah.  You're doing well in the non-voter segment.

I don't typically vote either but only because the costs of doing so vastly outweigh the benefits.  I don't think that applies here as I expect voting will be as easy as posting to a forum and the total number of voters will be low enough that each individual vote will have non-negligible value.

Damn you got me Rassah.

I was like a lemming following everyone else's post.  To save a little face, i went back and deleted my posts! 

Vote for me, you idiots! 

Nah, honestly, I was just debating Bitcoin with some naysayers, and was curious what USD has been doing lately. When I saw how badly it jumped around, I figured I'd point it out, but wanted to do it as a joke. Sadly, not many got it, because people don't click on links. On the other hand, I'm proud of all of you for being so safety conscious and not clicking random links. You all should pat yourselves on the back!

Rassah: A candidate for the people's representative at the Bitcoin Foundation.
Campaign strategy: Troll bitcointalk.org days before the election and publicly note the staggering mindlessness of the majority of its users.

The thing I have learned from this thread is:

I can post any claim I want, come up with any random link to support that claim, and be sure that about 80% of the people reading my post will assume I'm telling the truth, and/or make assumptions based on their own preconceptions, without even bothering to click the provided link and verify the information.

Rather sad, considering I was just trying to make a joke, and a bit of a point.

Hmmm... My troll detector is buzzing.. Seems like a case of too advanced sarcasm for people to detect.. I :-D
Well played Rassah!

Oh, sorry, I thought this was a thread on the Bolivar or maybe the Peso

Venezuela's Currency Down 75% Since Hugo Chavez Died In April

---
Argentina's president vows not to devalue currency

That's just madness!

dxy is usd and i think some people didn't get the joke

And what exactly are $USD's, is that some kind of alt coin?  Can you use them to get real bitcoins?

I dont get this argument because Bitcoin is not unique, other alt coins will do the same job. The only thing Bitcoin gives value is popularity/hashpower/number of places to spent

no choice on the volatility, just not enough regular movement and each area of the globe has different demand and persieved value to it. It's mostly controlled by liquidity and it's asking price, someone goes too low and has a lot of it, no choice this thing will tank until that trader gets bought out. The lowest bid controls the price... temporarily.

You guys dont understand the nature of a free market money.

Free market money is money of supply and demand, it is basically an agreement between people to decide that this thing called bitcoin has a value. As for gold, silver or buckets of water there is always a market price, that can be 1 cent or 5000 dollars.

But at every single point in time you can chose to accept one bitcoin as payment, as you know that at this point in time you could exchange it for something else, like 100 USD at Bitstamp.

When this is combined with an honest, uncheatable, unfakable and not manipulatable algorithm with limited supply this whole thing is EXTREMELY powerful!


Gold is basically the same thing. It is more or less useless yellow stones, and the gold price can theoretically crash over night, but it will not, as the people are fascinated about it, such as with bitcoin.

Also, no one would ever care about about these questions like "how many shops accept gold?", "can you pay your rent in gold"? No, but this does not matter, as gold is a free market money and you can always exchange it with someone else to get the "funds" to pay for your rent.


So, volatility has big chances, but of course also big risks. But put this in comparison to other "currencies" such as FIAT money, it always loses purchasing power over time plus it can suddenly lose 100% over night, see Cyprus.

Do you mean from 01/01/12 to 01/01/13