We're moving again.
Looks pretty darn stable to me.yeah. what's this? opposite day?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32015. (Read 26608284 times)
November 14, 2013, 07:57:49 PM
yeah. what's this? opposite day?
November 14, 2013, 07:54:21 PM
We're moving again.
Looks pretty darn stable to me. 
November 14, 2013, 07:51:38 PM
We're moving again.
November 14, 2013, 07:45:35 PM
Any Black Friday bitcoin deals out there?? 
November 14, 2013, 07:43:45 PM
If you actually followed the source wikipedia links to, it says the following:
Quote
I use the term fiat or abstract paper money interchangeably to stand for a government supplied means of payment of no intrinsic worth.
So not even your own source actually supports your claim. It's just Wikipedia messing up.
Not sure why this bothers some of you so much. There is government fiat, now digital fiat, clam shell fiat, etc, etc. As freethink just said, fiat isn't necessarily a bad thing. It's not bad that USD is fiat in that sense. What's bad about USD is that it is debt based. It enters the system as debt. It would actually be nice if the treasury would just issue sovereign money and break capital holders grip on our economy. But they can't/won't because they are in debt to the capital holders. Some of you worry about the small things and don't really see the big picture at work here.
Relevant:
https://www.mtholyoke.edu/acad/intrel/orwell46.htm
Listen, guys. English is a living language. The definition of "fiat", in the context of money, has also come to mean "unbacked currency with no utility", despite its root meaning of "decree". Therefore it's not unreasonable to say bitcoins are fiat.
This really shouldn't bother anyone, since it's semantic and doesn't imply anything about the nature of bitcoins except that they have no backing. And they do have no backing.
"Artificial" used to mean 'artful' or 'skillful in construction''.
"Awful"? 'Evocative of awe'.
"Doom"? 'Lawful decree'.
"Passenger"? 'Foot traveler'.
November 14, 2013, 07:06:52 PM
Now THAT's an apple bottom. Nothing less will do. 
November 14, 2013, 07:03:18 PM
double apple bottom.
November 14, 2013, 07:02:07 PM
November 14, 2013, 06:58:33 PM
November 14, 2013, 06:57:03 PM
What law in what country says that someone wholly or partly has to use bitcoin?
It's obvious you misunderstand the full definition of "fiat". Fiat can be a government issued currency but it also is defined as a currency with no intrinsic value. Bitcoin, like USD, only has value because we agree that it does. Thus Bitcoin is simply another form of fiat currency. Bitcoin though, is not debt based. So thats good.
"Value" is always subjective. "Intrinsic value" is bullshit. The only characteristics that things have for sure are properties, and one can debate how useful or valuable these properties are.
November 14, 2013, 06:55:49 PM
Do they all have an API like mtgox or would I have to custom it up for each one?
November 14, 2013, 06:47:31 PM
No one gets on my ignore list.
ignore is for pussies (and i don't mean that in a sexist way)
great now I have to rub one out
November 14, 2013, 06:43:45 PM
No one gets on my ignore list.
ignore is for pussies (and i don't mean that in a sexist way)
That ass is amazing!
If we ever were to go straight to bitcoin only how would we shove dollar bills in her G String? Hmmm I guess we could pay the strip club for strip club vouchers and stuff those in her g string. Then she could redeem them at the end of the night for her bitcoin.
November 14, 2013, 06:22:13 PM
2) The word you are looking for is "fiduciary". "Fiat" means "let it be" and thus means that someone is in control.
fiat
ˈfiːat,ˈfʌɪat/
noun
1.
a formal authorization or proposition; a decree.
"the reforms left most prices fixed by government fiat"
Fiat money has been defined variously as:
any money declared by a government to be legal tender.[1]
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[2]
money without intrinsic value.[3][4]
http://en.wikipedia.org/wiki/Fiat_money
Bitcoin has ZERO value, except what we all agree it is worth. Just like USD. In fact, given the fabric USD is printed on, it's fair to say USD is actually "worth" more.
HAVE YOU SEEN 4:20 MONEY?LOL =)
http://www.secretsofthefed.com/wp-content/uploads/2013/01/Screen-shot-2013-01-21-at-10.26.19-PM.png
November 14, 2013, 06:20:49 PM
If you actually followed the source wikipedia links to, it says the following:
Quote
I use the term fiat or abstract paper money interchangeably to stand for a government supplied means of payment of no intrinsic worth.
So not even your own source actually supports your claim. It's just Wikipedia messing up.
Not sure why this bothers some of you so much. There is government fiat, now digital fiat, clam shell fiat, etc, etc. As freethink just said, fiat isn't necessarily a bad thing. It's not bad that USD is fiat in that sense. What's bad about USD is that it is debt based. It enters the system as debt. It would actually be nice if the treasury would just issue sovereign money and break capital holders grip on our economy.
The decree is right here: http://www.bitcoin.org/bitcoin.pdf
Everyone here has accepted bitcoin as the implementation of that decree.
Fiat means (from the latin since you like etymology) "let there be". In my mind, that paper fits that meaning quite well. You are the one adding the forceful connotation to the term.
November 14, 2013, 06:19:52 PM
November 14, 2013, 06:18:55 PM
No one gets on my ignore list.
ignore is for pussies (and i don't mean that in a sexist way)
November 14, 2013, 06:16:54 PM
November 14, 2013, 06:14:21 PM
gox lag 60 seconds -> panic
Do not day trade or you will end up out of coins.
Buy & Hold (& Learn)
November 14, 2013, 06:13:12 PM
It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
They might have weak hands but they cant dump piles and piles as no one there has 10000 coins to drop.
You're wrong. When/if "they" start selling it will be all at once. You take thousands of "them" with 20-50 coins each that Raquel's a heft dump. Combine that with the rest of the world who would love to force weak hands to give up cheap coins and we will see a huge dip.
Enjoy cheap coins.
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