...
Yes, it's like an IOU, IOU 1 dollar, what defines how much a dollar is? What is the unit of measure? Well believe it or not, the issuer of the IOU gets to define what that is...
... No. The issuer does not define what the value is. The market defines the value. When you buy BTCeanie BTCabies, it is your friend--the other finance enthusiast that's selling them to you--who dictates how many dollars you will pay. You're welcome. |
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...Video proves it is. ...
How is it that you remember to breathe?  |
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^
For your own sake, please stop posting this inane drivel. My cat has better macroeconomics understanding than you.
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<snip>
I don't care if some guy accepts BTC without any confirms, I'm interested in how DELL, A REAL RETAILER THAT ALLEGEDLY ACCEPTS BITCOIN, does it. Thanks for the link to a shit video that no one watched, for bonus points try Rickrolling me next time. Like dealing with sullen, differently-enabled children I swear grumble, grumble...
Regarding paying with Bitcoin, merchant adoption etc., etc, let's look at reality. Dell is the hobbyhorse that often gets trotted out when merchant adoption is brought up. Let's check what actually happens & how instantaneous it is: ... Transactions verified by Bitcoin network. Once a Bitcoin transaction is submitted to the Bitcoin network, it may take an hour or longer for the Bitcoin network to fully verify the transaction. A transaction is not complete until it is fully verified. Dell has no control over this timeframe imposed by the Bitcoin network. Taken from http://www.dell.com/learn/us/en/uscorp1/campaigns/bitcoin-terms-and-conditions |
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looks like he is sucking Dick
Bitcoining ain't pretty. It's not even SFW  |
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About the real intrinsic value of 1 BTC, the question is:
How Much Money Is There on Earth?
... No. No more than it is the question to ask when trying to establish the "real intrinsic value" of a BTCeanie BTCaby. If people held beanie babies as a store of wealth, a 'focal point', more can be made to the point where the flow expands. There are a limited number of Bitcoin that will ever exist, they are clearly far more precious People do hold BTCeanie BTCabies as a store of wealth, educate yourself. BTCeanie BTCabies and Bitcoin both exploit artificial scarcity as a marketing gimmick: Beanie Babies began to emerge as popular collectibles in late 1995, and became a hot toy.[5] The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible.
-- http://en.wikipedia.org/wiki/Beanie_BabiesTrue, the BTCeanie BTCubble has BTCurst long time ago, but then ...so did Bitcoin's  |
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...
Evil and crafty people try to shake your bitcoins from you. ...
That capital "T" in "quality TA," what's it stand for again? |
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About the real intrinsic value of 1 BTC, the question is:
How Much Money Is There on Earth?
... No. No more than it is the question to ask when trying to establish the "real intrinsic value" of a BTCeanie BTCaby. |
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...
One year is only a blip in the greater picture. ...
It's actually about one fifth of the picture, if we want to be generous and count the early years. Bitcoin hasn't been around that long |
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...
Sure you get protection with a credit card. Your going to need it because credit cards are fundamentally unsafe. Of course you will pay for that and you could buy insurance for your bitcoins also. I don't because unlike my CC, I can secure my bitcoins myself.
What makes a credit card fundamentally unsafe? Credit cards may have a greater attack surface--by striking a balance between security and convenience. A child can use one. Bitcoin? Not so much. To put this in perspective with some actual numbers, let's see how much money is lost due to credit card "inherent insecur[ity]. During 2012 credit card and debit card gross fraud losses accounted for roughly 5.22₵ per $100 in total volume, up from 5.07₵ per $100 in 2011.
(Source: Nilson Report, August 2013)
Yeah. We're losing 5 cents total for every $100 of volume. Staggering. For added perspective, consider the percentage of total Bitcoin lost to fraud in Mt.Gox debacle alone. Which elegantly segues us into my basic point: Bitcoin is a solution to a problem that doesn't exist for anyone but the dyed-in-the-wool Libertarian nutters who make Ron Paul seem sane. It's a great answer to a question that no one asked |
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I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.
... But he owns a derelict building in some backwater shithole castle... |
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...
I'm more confident in 2015 than I was this year... Can't be much worse I suppose  |
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...Obviously thoughts of an ATH by mid-summer were a little premature... Don't be so hard on yourself, hindsight's always 20/20, amirite? Now "hit anywhere from $7000 to $12,000," that's the lulzy bit @BitChick: Kids looking forward to Christmas?  |
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...
You can call me a fool, or anything you like really; but I'm very well educated, father of one and I love my country. Mark my words here:
Greece is the canary in the coalmine. EU's countries belong to a chain. If a part is broken, the chain will follow. Now I want you to remember what has happened last year before the BTC Rally. Let me refresh your memory. CYPRUS!
Keep your money to the banks. Or not. Your choice.
Cheers.
Lol, Bitcoin is still fresh in Cypriot minds   |
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In the event of the rains continuing unabated, Gentlemen, the earthen embankment may become breached. Such an eventuality is certain to oust you from your current domicile.  |
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...It's prolly gonna creep up enough to give what-ever's left of the permabulls and the naive a false sense of security, and then we're gonna hammer you again.
Works for me.  |
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...
I'm short, fat and happy, that's the only reason I'm talking to you...
FTFY |
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Do you gentlemen have a moment to discuss Bitcoin?  |
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i think this drop is due to holiday season, once everyone's done shopping for holidays, btc rate will turn around
But I was told that the stolen coins would auction for way more than market because slippage, and then we'll all be eating peaches and cream? Whahappened? @RodeoX: You're sorta right--gold is a pyramid scheme that's just beginning to break down. |
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