Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Durr on June 08, 2011, 06:55:25 PM



Title: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 06:55:25 PM
Quite a good article exposing Bitcoin

http://sgtreport.com/2011/06/what-will-collapse-first-bitcoin-or-the-dollar/

Interesting read for those who don't want to be on the losers side at the end of this ride


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: imperi on June 08, 2011, 06:56:17 PM
Hopefully the dollar, so that I can quit my job.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: gigabytecoin on June 08, 2011, 07:00:54 PM
Don't feed this troll. Don't comment on his crappy blog.

Do not pass go. Do not collect 200 BTC.

This is just a copy of this original blog post anyways: http://dont-tread-on.me/what-will-collapse-first-bitcoin-or-the-dollar/ (http://dont-tread-on.me/what-will-collapse-first-bitcoin-or-the-dollar/)

Even more reason not to comment...


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: MacFall on June 08, 2011, 07:03:58 PM
Conspiracy freak BS. Not even worth the time to look for a decent .gif of a cat yawning.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: rezin777 on June 08, 2011, 07:05:12 PM
Quite a good article exposing Bitcoin

Huh? He doesn't even understand Bitcoin and it's a good read? And his conclusion is ponzi scheme. How original.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 07:14:58 PM
Don't feed this troll. Don't comment on his crappy blog.

Do not pass go. Do not collect 200 BTC.

This is just a copy of this original blog post anyways: http://dont-tread-on.me/what-will-collapse-first-bitcoin-or-the-dollar/ (http://dont-tread-on.me/what-will-collapse-first-bitcoin-or-the-dollar/)

Even more reason not to comment...

This is not my blog. I'm just linking it to inform.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 07:17:49 PM
Conspiracy freak BS. Not even worth the time to look for a decent .gif of a cat yawning.

What's your take on the part about the Crime of 1873? Second half of the article.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Grant on June 08, 2011, 07:21:57 PM
Quite a good article exposing Bitcoin

http://sgtreport.com/2011/06/what-will-collapse-first-bitcoin-or-the-dollar/

Interesting read for those who don't want to be on the losers side at the end of this ride

Bad title since the dollar has already collapsed, since 1913 the dollar has lost more thant 95% of its initital value, now if that isnt a collapse then i don't know what is.

But as silly as the topic is, given its factual record, for the Bitcoin to achieve same level of collapse it will have to trade all the way downto something like 0.0001 $ / BTC


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 07:24:51 PM
Quite a good article exposing Bitcoin

http://sgtreport.com/2011/06/what-will-collapse-first-bitcoin-or-the-dollar/

Interesting read for those who don't want to be on the losers side at the end of this ride

Bad title since the dollar has already collapsed, since 1913 the dollar has lost more thant 95% of its initital value, now if that isnt a collapse then i don't know what is.

But as silly as the topic is, given its factual record, for the Bitcoin to achieve same level of collapse it will have to trade all the way downto something like 0.0001 $ / BTC

5% of 30$ = 0.0001$ according to your math which would define a collapse of a currency.

Good luck to you


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: clickbangdone on June 08, 2011, 07:26:10 PM
Quite a good article exposing Bitcoin

http://sgtreport.com/2011/06/what-will-collapse-first-bitcoin-or-the-dollar/

Interesting read for those who don't want to be on the losers side at the end of this ride

But as silly as the topic is, given its factual record, for the Bitcoin to achieve same level of collapse it will have to trade all the way downto something like 0.0001 $ / BTC

I don't think that's going to be a problem .0 /BTC is right around the corner


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Grant on June 08, 2011, 07:29:00 PM
Quite a good article exposing Bitcoin

http://sgtreport.com/2011/06/what-will-collapse-first-bitcoin-or-the-dollar/

Interesting read for those who don't want to be on the losers side at the end of this ride

Bad title since the dollar has already collapsed, since 1913 the dollar has lost more thant 95% of its initital value, now if that isnt a collapse then i don't know what is.

But as silly as the topic is, given its factual record, for the Bitcoin to achieve same level of collapse it will have to trade all the way downto something like 0.0001 $ / BTC

5% * 30$ = 0.0001$ according to your math which would define a collapse of a currency.

Good luck to you
Well much less when bitcoins first started trading they werent 30$, they were more like 0.001$ so you need a figure or 5% of 0.001$ and that is only to make it match dollar performance. Topic here asks for which will crash first, well the dollar already did.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 08:13:11 PM
That didn't make much sense


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: MacFall on June 08, 2011, 08:19:34 PM
Then apparently you lack the ability to understand it. It was coherent enough for me.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 08:22:37 PM
Then apparently you lack the ability to understand it. It was coherent enough for me.

No you didn't


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: prizzy on June 08, 2011, 08:43:20 PM
Then apparently you lack the ability to understand it. It was coherent enough for me.

No you didn't

wow dude. your such a bro.



Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 09:05:13 PM
There seems to be an instant hostility against anything questioning Bitcoins usefulness and integrity, even to messengers.

That's not really a bullish signal.

Don't be such a wuss, most of us here are to make that quick buck, time the market.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: MacFall on June 08, 2011, 09:07:24 PM
"Most of us" must refer to the majority of your multiple personalities, right? Because it certainly doesn't refer to me or anyone else I know well enough to be aware of their motivations for supporting bitcoin.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: rezin777 on June 08, 2011, 09:12:19 PM
There seems to be an instant hostility against anything questioning Bitcoins usefulness and integrity, even to messengers.

Well you said the article was good. That isn't a messengers job. And to top it off, the article sucks. The guy is commenting on something that he clearly doesn't even understand.

I have instant hostility against ignorance pretending to be insightful.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Jaime Frontero on June 08, 2011, 09:19:54 PM
"Most of us" must refer to the majority of your multiple personalities, right? Because it certainly doesn't refer to me or anyone else I know well enough to be aware of their motivations for supporting bitcoin.

"multiple personalities"?

you're playing my song...

http://forum.bitcoin.org/index.php?topic=13344.0


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: Durr on June 08, 2011, 09:20:45 PM
There seems to be an instant hostility against anything questioning Bitcoins usefulness and integrity, even to messengers.

Well you said the article was good. That isn't a messengers job. And to top it off, the article sucks. The guy is commenting on something that he clearly doesn't even understand.

I have instant hostility against ignorance pretending to be insightful.

You seem to believe 'good article' means 'agree with conclusion of article'.

There isn't much about Bitcoin that's not to understand by the way, it's a simple concept, just the coding of it was hard.


Title: Re: What Will Collapse First, Bitcoin or the Dollar?
Post by: rezin777 on June 08, 2011, 09:42:27 PM
You seem to believe 'good article' means 'agree with conclusion of article'.

There isn't much about Bitcoin that's not to understand by the way, it's a simple concept, just the coding of it was hard.

No, I believe good article means someone does their homework before writing it, not just making assumption and then basing their conclusions on those assumptions.

I never said Bitcoin was hard to understand, just that the author of that article doesn't.

And you said, "good article exposing Bitcoin". I guess you don't agree with the conclusion, yet it still somehow "exposes" Bitcoin.   ???