Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23797.

findftp

legendary

Activity: 1022

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Delusional crypto obsessionist

Quote from: goldsun on January 04, 2015, 05:04:35 PM

What is it exactly, that drives the price down?

Fear, and supply

Quote

What about everyone who said more adoption will lead to a price increase. I guess that's not the way it is.

Well, since day one 1234562345546536546754345% price increase, so you're wrong about that.

octaft

sr. member

Activity: 476

Merit: 250

Quote from: diabLEEca on January 04, 2015, 04:50:47 PM

Quote from: octaft on January 04, 2015, 04:31:59 PM

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

I'm afraid you've got a logical error here.
The fact that toilet paper is used by more people does not imply that it is more useful.
It's like saying that e.g. in Africa contraception is less useful than having multiple children dying of hunger just because the latter is used much more often. ( ͡º ͜ʖ͡º)

That analogy is godawful. Nobody "uses" multiple children dying of hunger. I was just pointing out that if your primary defense for bitcoins usefulness is how many people use it (like his was), well, many more people use toilet paper than bitcoin.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: goldsun on January 04, 2015, 05:04:35 PM

What is it exactly, that drives the price down?

What about everyone who said more adoption will lead to a price increase. I guess that's not the way it is.

There isn't more adoption. Less and less people use Bitcoin.

goldsun

full member

Activity: 123

Merit: 100

What is it exactly, that drives the price down?

What about everyone who said more adoption will lead to a price increase. I guess that's not the way it is.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: diabLEEca on January 04, 2015, 04:50:47 PM

Quote from: octaft on January 04, 2015, 04:31:59 PM

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

I'm afraid you've got a logical error here.
The fact that toilet paper is used by more people does not imply that it is more useful.
It's like saying that e.g. in Africa contraception is less useful than having multiple children dying of hunger just because the latter is used much more often. ( ͡º ͜ʖ͡º)

If we're going to venture into logics, what you got there is an ill-formed statement. Children are not an (intentional) substitute for contraception, but a result of its absence.
If usefulness of toilet paper is not self-evident to you, I'm afraid our differences are too great to be settled by an interwebs debate.

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

molecular

donator

Activity: 2772

Merit: 1019

Quote from: heartastack on January 04, 2015, 03:48:18 PM

Quote from: dakota neat on January 04, 2015, 03:38:16 PM

Quote from: heartastack on January 04, 2015, 03:34:29 PM

If we see double digit Bitcoin in 2015 then I am quite sure that an Altcoin could have the throne up for grabs.
I though mass adoption and infrastructure would solidify btc's place. But I'm less certain now. Enough investment in an Altcoin wouldn't be unthinkable. Plus it seems like just clown-money in Bitcoin atm anyway - ie just buyers looking to trade and not use for anything productive. Silk Road was the best thing that happened to BTC. Those days everyone knew someone that was actually using Bitcoin to buy drugs with (where I live anyway). After the shutdown all those guys sold and most can't be bothered using the other dark markets after the shut down and buy their shit back on the streets.

Black Markets are flourish as ever. Your information is wrong.

Conceited kunts like you are half the reason people can't be fucked with this tech.

Let me rephrase. Silk Road was the only time I've seen so far that average people who would otherwise not care about BTC were forced to use it (adopt it) because they wanted their online drugs. Henceforth when they had to work a little bit harder or were too scared after the shut down they left the scene.

Not saying it was the right direction for BTC but it demonstrated for me how it needs to be adopted to succeed. And it will not be successful based on the sound-money arguments without a systemic financial collapse of the currency system (still possible).
Until then pay-wave credit cards have BTC beat.

I was with you until the very last sentence.

You're arguing sound-money property would be a win for BTC if fiat system fails and with you next breath you state the BTC would be beaten in payment space. I don't think BTC will go down by not being a good payment system. It's already a bad payment system.

diabLEEca

member

Activity: 61

Merit: 10

Quote from: octaft on January 04, 2015, 04:31:59 PM

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

I'm afraid you've got a logical error here.
The fact that toilet paper is used by more people does not imply that it is more useful.
It's like saying that e.g. in Africa contraception is less useful than having multiple children dying of hunger just because the latter is used much more often. ( ͡º ͜ʖ͡º)

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: klee on January 04, 2015, 02:12:28 PM

https://twitter.com/kLee1977/status/551816269398560768

I think this is not for real...

Who is bearwhale benjamin anyway? The 30k XBT whale?

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: klee on January 04, 2015, 02:12:28 PM

https://twitter.com/kLee1977/status/551816269398560768

I think this is not for real...

Did you follow on TeamSpeak? If I was a whale those are the kind of statements I would make if I wanted to accumulate as mush as possible without raising the price.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: octaft on January 04, 2015, 04:41:24 PM

Quote from: dakota neat on January 04, 2015, 04:34:20 PM

Quote from: octaft on January 04, 2015, 04:31:59 PM

Quote from: Feri22 on January 04, 2015, 04:13:55 PM

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

Useful for what?

He's basing the usefulness of bitcoin on how many people use it. If you're going to do that, toilet paper wins hands down.

You can't deny that bitcoin will need atleast 0.1% of the world to use bitcoin to work though.

But that will probably happen pretty soon. It's just 1 out of 1000 people which need to.

octaft

sr. member

Activity: 476

Merit: 250

Quote from: dakota neat on January 04, 2015, 04:34:20 PM

Quote from: octaft on January 04, 2015, 04:31:59 PM

Quote from: Feri22 on January 04, 2015, 04:13:55 PM

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

Useful for what?

He's basing the usefulness of bitcoin on how many people use it. If you're going to do that, toilet paper wins hands down.

dakota neat

hero member

Activity: 658

Merit: 500

Quote from: octaft on January 04, 2015, 04:31:59 PM

Quote from: Feri22 on January 04, 2015, 04:13:55 PM

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

Useful for what?

octaft

sr. member

Activity: 476

Merit: 250

Quote from: Feri22 on January 04, 2015, 04:13:55 PM

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

Hundreds of thousands of people use bitcoin. Hundreds of millions of people use toilet paper. Which do you think is more useful again?

Feri22

hero member

Activity: 748

Merit: 500

Quote from: inca on January 04, 2015, 04:25:42 PM

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you even read the tripe you post? One would think you would get bored after 5000 posts in 9 months. We are.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you even read the tripe you post? One would think you would get bored after 5000 posts in 9 months. We are.

YourMother

legendary

Activity: 1281

Merit: 1046

^ He's on point with the toilet paper. I once tried to wipe my ass with some notebook paper (some unfortunate times) and trust me... i would have dumped 10 thousand bitcoins on the market at the time for something like this...

There were also fucked up times when i had to use leafs too.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Feri22 on January 04, 2015, 04:13:55 PM

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

Thus far the only real use BTC has found *is* neckbeards buying drugs. The rest is just window dressing.
For an average person, life without toilet paper would become much more difficult than life without Bitcoin.
As far as drugs go, make some friends & find a decent house dealer.

Feri22

hero member

Activity: 748

Merit: 500

Quote from: NotLambchop on January 04, 2015, 04:09:10 PM

Quote from: Feri22 on January 04, 2015, 04:05:57 PM

Quote from: NotLambchop on January 04, 2015, 04:03:21 PM

Quote from: relm9 on January 04, 2015, 03:58:27 PM

...the whole ecosystem will have to start from scratch basically.

Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...

Every useful coin will be driven by hype when traders realize the coin is useful...

Sure, so would toilet paper. The defining difference between something driven entirely by hype & toilet paper being that toilet paper is useful.

Do you say, that Satoshi Nakamoto created decentralized payment system, which are using hundreds of thousand people around the world, less useful than toilet paper?

I would like to know what drugs you take, but i would like to try them Wink

dakota neat

hero member

Activity: 658

Merit: 500

Quote from: heartastack on January 04, 2015, 03:48:18 PM

Quote from: dakota neat on January 04, 2015, 03:38:16 PM

Quote from: heartastack on January 04, 2015, 03:34:29 PM

If we see double digit Bitcoin in 2015 then I am quite sure that an Altcoin could have the throne up for grabs.
I though mass adoption and infrastructure would solidify btc's place. But I'm less certain now. Enough investment in an Altcoin wouldn't be unthinkable. Plus it seems like just clown-money in Bitcoin atm anyway - ie just buyers looking to trade and not use for anything productive. Silk Road was the best thing that happened to BTC. Those days everyone knew someone that was actually using Bitcoin to buy drugs with (where I live anyway). After the shutdown all those guys sold and most can't be bothered using the other dark markets after the shut down and buy their shit back on the streets.

Black Markets are flourish as ever. Your information is wrong.

Conceited kunts like you are half the reason people can't be fucked with this tech.

Let me rephrase. Silk Road was the only time I've seen so far that average people who would otherwise not care about BTC were forced to use it (adopt it) because they wanted their online drugs. Henceforth when they had to work a little bit harder or were too scared after the shut down they left the scene.

Not saying it was the right direction for BTC but it demonstrated for me how it needs to be adopted to succeed. And it will not be successful based on the sound-money arguments without a systemic financial collapse of the currency system (still possible).
Until then pay-wave credit cards have BTC beat.

Black Markets are still an important part of the BTC ecosystem, like it or not.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23797. (Read 26713621 times)