why did a troll post get this many replies and views?
Good title.
Topic: This is the end (Read 7303 times)
Good title.
why did a troll post get this many replies and views?
It's really difficult to reduce the volatility when we can't move USD in and out of the market very quickly. The same goes for arbitrage. These drops wouldn't be so bad if it didn't take days for people to move fiat into the system to establish a floor. Otherwise, we need more people with big pockets to keep fiat floating on the exchanges doing nothing, just waiting for a big drop.
Its not deep pocketed players we need for that but exchanges we trust to not get hacked...
Yes we need big players.
But don't worry, they'll come with time
But don't worry, they'll come with time
It's really difficult to reduce the volatility when we can't move USD in and out of the market very quickly. The same goes for arbitrage. These drops wouldn't be so bad if it didn't take days for people to move fiat into the system to establish a floor. Otherwise, we need more people with big pockets to keep fiat floating on the exchanges doing nothing, just waiting for a big drop.
Stupid Bitcoin, can't even die correctly.
Here we go again. 
The expert with a 20 post count is schooling us on economics.
The expert with a 20 post count is schooling us on economics. but the law is not on his side.
This is really one of the most stupid arguments I have ever heard. The law is not on the side of every single victim of the law. The law is not on the side of Pussy Riot or Assange. It was not on the side of Geronimo and it is not on the side of Salman Rushdie. The law was not on the side of the Jews, it was on the side of the Nazis.
Exactly what is the law doing when whipping a wine drinker bloody or jailing a fan of shrooms?
You must have to remember that we live not in vacuum, but in society with real people, who do not want to be abused by crazy mushroomeater with sharp knife. If someone don't like this, he can make his own heaven with blackjack and hookers.
I have never seen anybody on mushrooms violently attack anyone. K2, alcohol, and other legal substances are a different story.
Nice try though.
but the law is not on his side.
This is really one of the most stupid arguments I have ever heard. The law is not on the side of every single victim of the law. The law is not on the side of Pussy Riot or Assange. It was not on the side of Geronimo and it is not on the side of Salman Rushdie. The law was not on the side of the Jews, it was on the side of the Nazis.
Exactly what is the law doing when whipping a wine drinker bloody or jailing a fan of shrooms?
You must have to remember that we live not in vacuum, but in society with real people, who do not want to be abused by crazy mushroomeater with sharp knife. If someone don't like this, he can make his own heaven with blackjack and hookers.
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
I'm not positive since I'm not a user/seller of SR, but I've heard that the hedging is a built in functionality. The 4% you pay is so you don't have to learn to do it yourself.
That is my understand as well just remember hedging simply transfers the volatility risk to someone else (in this case the site operator and/or backers providing the hedging). If volatility increases the risk increases and either they are forced to stop offering it or charging more. No matter who is doing the hedging volatility costs users who are using Bitcoin as a payment mechanism. More volatility = higher costs and lower value/utility.
If they make an actual trade to back it, there is a very small window of vulnerability.
Just checked it out.. It an automated system on SR. the admins take all the risk, all the vendor has to do is click a button to hedge. It looks like you just have to know what hedging is and then click the button. Man, there are some pretty business savy drug people.. Didn't realize that SR was that far in their thinking...
So, they obviously have figured out a way to help ease the minds of vendors that can't take the swings.
AR
"SR is not needed for over 99% bitcoin users"
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
Not everyone who gets some shrooms every other month is a junkie. Not everyone who enjoys a glass of wine in the evening is a drinker.
You are, of course, referring to the One World Government and/or Illuminati here, right?
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
I'm not positive since I'm not a user/seller of SR, but I've heard that the hedging is a built in functionality. The 4% you pay is so you don't have to learn to do it yourself.
That is my understand as well just remember hedging simply transfers the volatility risk to someone else (in this case the site operator and/or backers providing the hedging). If volatility increases the risk increases and either they are forced to stop offering it or charging more. No matter who is doing the hedging volatility costs users who are using Bitcoin as a payment mechanism. More volatility = higher costs and lower value/utility.
If they make an actual trade to back it, there is a very small window of vulnerability.
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
I'm not positive since I'm not a user/seller of SR, but I've heard that the hedging is a built in functionality. The 4% you pay is so you don't have to learn to do it yourself.
That is my understand as well just remember hedging simply transfers the volatility risk to someone else (in this case the site operator and/or backers providing the hedging). If volatility increases the risk increases and either they are forced to stop offering it or charging more. No matter who is doing the hedging volatility costs users who are using Bitcoin as a payment mechanism. More volatility = higher costs and lower value/utility.
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
I'm not positive since I'm not a user/seller of SR, but I've heard that the hedging is a built in functionality. The 4% you pay is so you don't have to learn to do it yourself.
but the law is not on his side.
This is really one of the most stupid arguments I have ever heard. The law is not on the side of every single victim of the law. The law is not on the side of Pussy Riot or Assange. It was not on the side of Geronimo and it is not on the side of Salman Rushdie. The law was not on the side of the Jews, it was on the side of the Nazis.
Exactly what is the law doing when whipping a wine drinker bloody or jailing a fan of shrooms?
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
Plus if we can survive $30 to $2.50, we can survive $15 to $7
The issue is not the price. The issue is vola. Currently, a 20% swing in a few minutes is almost normal. For merchants, this makes Bitcoin the payment system with the highest TX cost, by far. Maybe SR can live with this, but for all other business, Bitcoin is ATM unusable. But even for SR, this is not good.
If someone with deep pockets wanted to kill Bitcoin, this would be the way.
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
"SR is not needed for over 99% bitcoin users"
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
Not everyone who gets some shrooms every other month is a junkie. Not everyone who enjoys a glass of wine in the evening is a drinker.
You are, of course, referring to the One World Government and/or Illuminati here, right?
"SR is not needed for over 99% bitcoin users"
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
Not everyone who gets some shrooms every other month is a junkie. Not everyone who enjoys a glass of wine in the evening is a drinker.
"SR is not needed for over 99% bitcoin users"
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
SR is a large part of btc economy. A part that is actually not about speculation. I don't like junkies, but at least they are using btc the way it should be.
Not everyone who gets some shrooms every other month is a junkie. Not everyone who enjoys a glass of wine in the evening is a drinker.
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