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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29171. (Read 26608087 times)

hero member
Activity: 924
Merit: 1000
Look kkaspar is a bit like Jorge in the sense that he/she is trying incredibly hard to find good reasons why bitcoin can't and will not work.

I think it speaks for itself that both keep posting here.
If they truly didn't think bitcoin could succeed they'd have left and done something else.

They are either trolling or secretly want to get in.
It is the same as me posting in a my little pony forum how stupid the franchise is.


No, actually I'm trying to find the opposite. Only without success.
Wouldn't it just be great if bitcoin will just expand and expand, and the coins will just get more expensive and expensive, with me getting richer and richer, and all while doing absolutely no work? It would be awesome! Like winning the lottery!
Sadly in my experience, the world doesn't work like that.

No it doesn't. It's been a rocky road and it will likely only get rockier. However distributed consensus networks (in which currency is one application) are a revolutionary technology, you cannot deny this or else you wouldn't be wasting your time here.
full member
Activity: 140
Merit: 100
banned but not broken
Look kkaspar is a bit like Jorge in the sense that he/she is trying incredibly hard to find good reasons why bitcoin can't and will not work.

I think it speaks for itself that both keep posting here.
If they truly didn't think bitcoin could succeed they'd have left and done something else.

They are either trolling or secretly want to get in.
It is the same as me posting in a my little pony forum how stupid the franchise is.


No, actually I'm trying to find the opposite. Only without success.
Wouldn't it just be great if bitcoin will just expand and expand, and the coins will just get more expensive and expensive, with me getting richer and richer, and all while doing absolutely no work? It would be awesome! Like winning the lottery!
Sadly in my experience, the world doesn't work like that.
legendary
Activity: 1162
Merit: 1007
He is speaking about NXT and its future developments.

I don't trust NXT at all!
legendary
Activity: 1162
Merit: 1007
The only thing I can see stopping it is another cryptocurrency which accomplishes everything that Bitcoin does and more, only with a codebase so different that Bitcoin can not adopt these added desirable features.

May I ask how important you feel Turing completeness is in the scripting language?

I'm sorry, I do not have the technical knowledge to answer this question. Give me a few days and I may be able to give you an answer.

Please PM me with your thoughts, if you are able.  The way I'm leaning is that money is not a computer, and the subtleties with the halting problem among distributed miners will bite us at some point anyways.  
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
The only thing I can see stopping it is another cryptocurrency which accomplishes everything that Bitcoin does and more, only with a codebase so different that Bitcoin can not adopt these added desirable features.

May I ask how important you feel Turing completeness is in the scripting language?

I'm sorry, I do not have the technical knowledge to answer this question. Give me a few days and I may be able to give you an answer.

He is speaking about NXT and its future developments.
full member
Activity: 140
Merit: 100
banned but not broken
OK, that's fine. And you're welcome here just like everyone else.

I just thought that if someone was so convinced of bitcoin's imminent demise then they surely must know something that I do not.

I guess the evidence that exists can be interpreted in many ways. You are right that it is only speculation. I just don't see how anything can stop bitcoin at this point. Barring any major flaw that no one knows about. Slow it down, sure, governments could do that quite a bit. But it isn't going away.

In my idea bitcoin will just become obsolete with coing of better digital currencies. I see it as inevitable because of the childish nature of bitcoins financial properties and the lack of consensus among the community that these properties should evolve.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot



Interesting, as a goldbug I'm always wondering what the pricing mechanism of gold would be should the paper and physical price decouple (which will happen eventually).

this train of thought gives me an erection
sr. member
Activity: 269
Merit: 250
Look kkaspar is a bit like Jorge in the sense that he/she is trying incredibly hard to find good reasons why bitcoin can't and will not work.

I think it speaks for itself that both keep posting here.
If they truly didn't think bitcoin could succeed they'd have left and done something else.

They are either trolling or secretly want to get in.
It is the same as me posting in a my little pony forum how stupid the franchise is.
hero member
Activity: 728
Merit: 500
Marijuana is a physical product so Marijuana prices differ based on the following:
1. Quality of the product.
2. Cost of production, harvesting, etc
3. Location
4. Cost of transportation from the location to your location
5. Overhead to the specific criminal network(s) behind the production and distibution

Bitcoins are all exactly the same thing. There are slight variances in exchange prices based on the exchanges liquidity in moving fiat, but that is it.
full member
Activity: 140
Merit: 100
banned but not broken
No, I'm defending the fact that a commodity does not need a "market system" to have an exchange rate.

"Market system" being what I am assuming you mean as a group of centralized exchanges where we can see in real time the most recent trades between one commodity and another.

Ok then, when you'll take away all the centralized exchanges and leave localbitcoins to handle exchange, then what do you think will be the volume of trade and the price of bitcoin? Do you really think that any serious investor will buy their coins from craigslist?
Without an centralized exchange system, then bitcoin will be valued as much as bitcoin was valued when it didn't have a centralized exchange system.
legendary
Activity: 1162
Merit: 1007
The only thing I can see stopping it is another cryptocurrency which accomplishes everything that Bitcoin does and more, only with a codebase so different that Bitcoin can not adopt these added desirable features.

May I ask how important you feel Turing completeness is in the scripting language?
legendary
Activity: 1372
Merit: 1000
Can I make a point that some people here are mixing together BTC price speculation with BTC speculation as a technology.
I'd like to add that some know a lot about the speculative price of marijuana too. Smiley
sr. member
Activity: 308
Merit: 250
You seem to be stuck inside a box. It's becoming quite clear to me that no matter what I say you will remain in that box.

Try saying things that are different from comparing marijuana to bitcoin..

Marijuana largely functions via a decentralized market, yet no matter where you go, somehow the price of an ounce of pot is always very similar (depending on the potency).

If you want to ignore the comparisons, so be it.


Interesting, as a goldbug I'm always wondering what the pricing mechanism of gold would be should the paper and physical price decouple (which will happen eventually).
full member
Activity: 192
Merit: 100
Can I make a point that some people here are mixing together BTC price speculation with BTC speculation as a technology.
full member
Activity: 192
Merit: 100

Marijuana largely functions via a decentralized market, yet no matter where you go, somehow the price of an ounce of pot is always very similar (depending on the potency).


the man speaks truth

I don't want to jump in the middle of this but... http://www.priceofweed.com/ http://www.businessinsider.com/map-marijuana-prices-around-the-world-2014-2
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot

Marijuana largely functions via a decentralized market, yet no matter where you go, somehow the price of an ounce of pot is always very similar (depending on the potency).


the man speaks truth
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
You seem to be stuck inside a box. It's becoming quite clear to me that no matter what I say you will remain in that box.

Try saying things that are different from comparing marijuana to bitcoin..

Marijuana largely functions via a decentralized market, yet no matter where you go, somehow the price of an ounce of pot is always very similar (depending on the potency).

If you want to ignore the comparisons, so be it.
Weed like to talk - A European solution to a European issue : legalizing cannabis.
https://ec.europa.eu/citizens-initiative/REQ-ECI-2013-000023/public/
full member
Activity: 140
Merit: 100
banned but not broken
You seem to be stuck inside a box. It's becoming quite clear to me that no matter what I say you will remain in that box.

Try saying things that are different from comparing marijuana to bitcoin..

Marijuana largely functions via a decentralized market, yet no matter where you go, somehow the price of an ounce of pot is always very similar (depending on the potency).

If you want to ignore the comparisons, so be it.

Oh god... you are actually trying to defend the argument that marijuana is similar to bitcoin..
full member
Activity: 140
Merit: 100
banned but not broken
And what do we see you as? Hmmmm?

You believe that bitcoin will not succeed. Good for you. Care to offer any hard evidence to convince me of the error of my ways?

You want hard evidence of future speculation? Having some trouble with understanding the concept of future speculation?
I'm not interested in converting you and I believe that everyone can believe whatever they want. I'm just here to to read others thoughts and to speak my mind.
full member
Activity: 140
Merit: 100
banned but not broken
You seem to be stuck inside a box. It's becoming quite clear to me that no matter what I say you will remain in that box.

Try saying things that are different from comparing marijuana to bitcoin..
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