Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18737.

StraightAArdvark

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Quote from: Asrael999 on June 06, 2016, 08:59:47 AM

Quote from: StraightAArdvark on June 06, 2016, 08:09:43 AM

Quote from: savetherainforest on June 06, 2016, 07:59:02 AM

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon?

You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't.
You must learn the words you use before using them, starting with the word "tangible."

buy your arguement a USD is not tangible either being simply a symbol stamped on a coin or printed on a piece of paper. Backed by the ability of a nation to collect taxes, or backed by an encrypted decentralised ledger - take you pick

Of course USD isn't tangible, lrn to fiat. You guys are like some savage tribe that time forgot, "if I can't ~~eat it/smoke it/fuck it~~ touch it, it ain't worth shit." Roll Eyes

USD is backed by "ability of a nation to collect taxes," i.e. jackbooted thugs, i.e. the military/industrial might of my country.
Bitcoin is "backed by an encrypted decentralised ledger," which is to say NOTHING Sad

Quote from: savetherainforest on June 06, 2016, 08:52:53 AM

Do you even own any coins? Do u even know how Bitcoin works?

Do i own any coin?! Bite your tongue, child! Sure, played with bitcoin in the past, but we all did some stupid shit when we were young.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: HammaSan on June 06, 2016, 09:01:59 AM

Anyone know what's going to bitcoin is increasing price this way?

https://www.youtube.com/watch?v=RDrfE9I8_hs

HammaSan

full member

Activity: 187

Merit: 102

Anyone know what's going to bitcoin is increasing price this way?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

a question of viewpoint

http://www.runtogold.com/2012/11/why-bitcoin-is-tangible-digging-into-the-guts-of-bitcoin/

BitUsher

legendary

Activity: 994

Merit: 1035

Segwit RC soon to be deployed -

https://github.com/bitcoin/bitcoin/pull/8149

Get ready for a price boost when Segwit comes out of RC unscathed and miners start accepting it bring to an end one chapter of this drama and sending bitcoin in the right direction for scaling.

Asrael999

hero member

Activity: 703

Merit: 502

Quote from: StraightAArdvark on June 06, 2016, 08:09:43 AM

Quote from: savetherainforest on June 06, 2016, 07:59:02 AM

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon?

You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't.
You must learn the words you use before using them, starting with the word "tangible."

by your arguement a USD is not tangible either being simply a symbol stamped on a coin or printed on a piece of paper. Backed by the ability of a nation to collect taxes, or backed by an encrypted decentralised ledger - take your pick

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: StraightAArdvark on June 06, 2016, 08:09:43 AM

Quote from: savetherainforest on June 06, 2016, 07:59:02 AM

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon?

You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't.
You must learn the words you use before using them, starting with the word "tangible."

Do you even own any coins? Do u even know how Bitcoin works?

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Price still creeping up slowly, trolls need to try harder Grin

StraightAArdvark

newbie

Activity: 28

Merit: 0

Quote from: savetherainforest on June 06, 2016, 07:59:02 AM

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon?

You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't.
You must learn the words you use before using them, starting with the word "tangible."

StraightAArdvark

newbie

Activity: 28

Merit: 0

Quote from: becoin on June 06, 2016, 07:46:29 AM

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible, forget stone. Just a bunch of bleeps and bloops, 1s and 0s, memory/gate states in a bunch of Chinese 'puter gear: it's literally *nothing*.

Do you prefer American confetti paper?

Sure. Use that worthless government scrip every day. Granted, BTC fandom is more fun, but ignore the lel, and it's USD all the way

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible

Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon?

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: StraightAArdvark on June 06, 2016, 07:22:04 AM

Bitcoin isn't tangible, forget stone. Just a bunch of bleeps and bloops, 1s and 0s, memory/gate states in a bunch of Chinese 'puter gear: it's literally *nothing*.

Do you prefer American confetti paper?

StraightAArdvark

newbie

Activity: 28

Merit: 0

Quote from: savetherainforest on June 06, 2016, 05:16:05 AM

The thing is that Bitcoin is comparable with Moses tablets! ...

- Can't be changed;

Was hard-forked already, will be soft or hard-forked again in the near future. Easy as pie.

Quote

- Set in stone;

Bitcoin isn't tangible, forget stone. Just a bunch of bleeps and bloops, 1s and 0s, memory/gate states in a bunch of Chinese 'puter gear: it's literally *nothing*.

Quote

- It can be almost physical but it can also be not;

- And it spreads like the "Word of God".

You eat a lot of acid, Miller, back in the hippie days?

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: ?? on ??

Quote from: Assmaster2000 on June 05, 2016, 10:21:52 PM

^
>Already rich
>peddling shit on ebay, bawws about 90 shekels.

We got us a rich badass here...

Nobody likes getting robbed, trollfag.

Aren't you the guy that's so butt-ravaged that Bitcoin is doing so well lately?

I've stopped reading your posts about 50 pages back.

So what is the source of your ass pain from bitcoins recent explosion? You sold all your bitcoins recently?

You being paid off from jew bankers or ETH shills? You getting paid .05 cents for each shill post? Does it go to your paypal or bitcoin address?

I'm loving all these shill posts on multiple websites, your tears are delicious.

responds to his post.

Something doesn't quite add up.

bitebits

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Flippin' burgers since 1163.

This user is currently ignored.

Assmaster2000

member

Activity: 84

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Quote from: AlexGR on June 06, 2016, 06:49:47 AM

...
In any case this is definitely more legitimate value than printing money out of thin air.

Quote from: Assmaster2000 on June 05, 2016, 04:32:10 PM

Quote from: AlexGR on June 05, 2016, 12:20:25 PM

Quote from: Assmaster2000 on June 05, 2016, 10:19:24 AM

4. Why would Chinese commies not want to sell beetcoin tokens, made out of thin air and surplus electricity, into IRL American $$$?

It's not like "IRL American $$$" don't come into existence from ...thin air. Post-gold-standard $$$ are a paper scam.

At least btcs are backed by energy and other mining costs.

You don't understand the meaning of the word "backed," as it applies to currency. You share this fundamental misunderstanding with many intrepid investors on these fora. Let me give you an analogy:
If I went out to a nice dinner last night, and spent $200, this does not mean that, when I make #2 this morning, my poop is backed by $200 it cost me to produce it. My poop's not backed by anything. To nearly everyone, my poop is as worthless as it would have been if i ate a Mc.D's Happy Meal, or a bowl of rice.

"I never thought of it that way," you may be saying to yourself right about now. "Are you telling me that I shouldn't buy poo, no matter how hard someone worked to produce it?!"
"Now you're starting to understand," I'd approvingly answer.

...Alas, that's but a rose-tinted dream of mine. You'll never grasp these basic truths, ones which are obvious to most 3-yr.-olds Sad

>Aluminum is not scarce, actually it's very abundant, however in its native form it requires a lot of electrical energy before it gets converted into metallic aluminum.

That's because aluminum is whatchamacall a commodity, people *need* aluminum to make shit out of, like the cans for that PBR you're nursing now. BTC isn't used to make shit. If BTCeanies suddenly become twice as expensive to make, people won't pay you double for your extremely valuable Princess Di BTCeanie, take my word for it.

\/\/\/ If ignoring the facts helps you defend your delusions, stay ignorant. Without your likes, making money would be much more difficult

\/\/\/

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: molecular on June 06, 2016, 01:40:41 AM

Quote from: AlexGR on June 05, 2016, 12:20:25 PM

At least btcs are backed by energy and other mining costs.

That's like saying gold is backed by the effort (energy, work) needed to find and dig it out of the ground.

The minimum cost of production is an indirect guarantee for the price of a given commodity. This is not only related to scarcity, even if it accounts for scarcity.

Aluminum is not scarce, actually it's very abundant, however in its native form it requires a lot of electrical energy before it gets converted into metallic aluminum. Thus the commodity price reflects all this energy spent. Assuming market players are rational (nobody wants to produce something for X and sell at X minus Y%) you can't go much lower than that.

PMs and ordinary metals are kind of exchangeable concentrated energy storage "tokens", in that sense. BTC is similar because it too requires energy and associated mining costs.

In any case this is definitely more legitimate value than printing money out of thin air.

Assmaster2000

member

Activity: 84

Merit: 10

Quote from: ?? on ??

Quote from: Assmaster2000 on June 05, 2016, 10:21:52 PM

^
>Already rich
>peddling shit on ebay, bawws about 90 shekels.

We got us a rich badass here...

Nobody likes getting robbed, trollfag.

You being paid off from jew bankers or ETH shills? You getting paid .05 cents for each shill post? Does it go to your paypal or bitcoin address?

Get used to getting robbed, Goyfriend. With Jews, you lose! Wink

Quote from: ?? on ??

Quote from: podyx on June 06, 2016, 02:06:36 AM

MAGA you're a funny guy Grin

It stands for Make America Great Again

Quote

I was solitude until the cuck mods banned me.

Don't worry, Friendo, I won't report you

savetherainforest

hero member

Activity: 1876

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Plant 1xTree for each Satoshi earned!

Quote from: Searing on June 06, 2016, 04:16:38 AM

All I know is 'very interesting indeed" if say BTC was to hit the ATH again of around $1,100 dollars Say within the next 4-6 weeks.

Bitcoin holders/The Press/The Chinese Gov't/ well hell

everyone would just 'lose their frigging minds' at that point imho......FUD/FOMO/Regulate BTC/Unregulate BTC much noise/lamenting/boasting etc etc

It would be 'quite' interesting indeed..toss in Seg Witness hitting/the block halving/ethereum/lisk into this mix and a big spike in BTC transactions and THEN we'd have a party

The thing is that Bitcoin is comparable with Moses tablets! ...

- Can't be changed;

- Set in stone;

- It can be almost physical but it can also be not;

- And it spreads like the "Word of God".

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

^^ Bitcoin doesn't, bitcoin does.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18737. (Read 26710068 times)