Well this may seem like a silly question but how do other damped oscillations respond In a downwardly fashion? Just flip the chart top-to-bottom in your mind. The point is that in response to a change in inputs, the value will attempt to adjust to a new level, overshoot (not always. Google over-damped and critical damping) and in a series of decreasing oscillations settle at the new value. Then the inputs change again and it happens all over.
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So the question becomes: who will be able to produce the cheapest coins, and if the world will be willing to pay that price when it hits?
Tricky question because if people aren't willing to pay it, the price goes down, miners switch off their gear and bitcoins become cheaper to produce.He's a wily one, that Mr Satoshi. Then the difficulty goes down, and the farms start back up and flood the market with even more cheap coins. Is this a vicious circle? No, it's called a negative feedback loop and should probably respond like any other damped oscillation. You'll see this same thing in Bitcoin price changes too. Not surprising since the mechanisms are essentially the same.
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With that being said, I am willing to pay 0.01USD for 1BTC because that is what it is worth to me.
So if I were to offer you 10BTC at, say $5 a pop, you'd send me packing?
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So the question becomes: who will be able to produce the cheapest coins, and if the world will be willing to pay that price when it hits?
Tricky question because if people aren't willing to pay it, the price goes down, miners switch off their gear and bitcoins become cheaper to produce. He's a wily one, that Mr Satoshi.
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It's the too-much-stuffing-and-wine bump
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and a non-sensical aspect is to contemplate the doubling of zero - whereby the use of the term "doubling" anticipates some value and the actuality of zero devolves the idea into near idiot'sville.
Are you saying that zero cannot be doubled? It is a bit too late in life for me to re-learn that... It sounds like his problem may be with 0 itself. Given that that is 50% of your job, I can see the potential for conflict.
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Bah, humbug.
Merry Christmas all. God bless us, every one.
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Sweet. I got in the top two of those though got out a little early on the Netflix. That was way underpriced.
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That is pretty sweet looking chart, I'd like to see a chart of best performing currencies of 2013, just to put things in perspective. I'm detecting shenanigans. >1k was pre-Jan-1st
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Too bad, that rocket will not reach destination Dump this motherfucker back to 300 I ran across this gif the other day and wondered why I haven't seen it on here yet: Oh, obviously because the image proxy is shit. How about now?
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And I thought this thread couldn't get any worse...
There's an unusually high density of trolls of an unusually high density. FTFY
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No part, I agree with that. Let's fight for income equality, comrade, let's make the rich pay their fair share in taxes! (Focus on the emboldened text ) Meh, I'd rather have the poor richer than the rich poorer. Honest money, honest taxation.
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What is it about "this is the actual GDP chart, the other one was a fantasy of your fellow goldbugs" that you find so difficult to grasp? No wealth is being stolen from you. If you are poor, it is because you have squandered your money on BTCeanie BTCabies Bitcoin, or you simply suck at what you do & don't deserve to be rich. If it is the prior, stop flushing your money down the toilet, and if the latter--get good. brah.
What part of "GDP is rising, inflation adjusted average wages remain stagnant" are you having trouble with?
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Those who are living paycheck-to-paycheck are the people I'm concerned about, not the rich complaining about not being rich enough. No one saves for retirement by stuffing a mattress. 401(k), or even a bank account would do better. Welcome to the 20th 21st century!
Yes because anyone who, say, makes an extra $10 in tips tonight will be straight on the phone to Scottrade in the morning. No, rather they will put a little aside, perhaps in a jar or maybe a low-yield savings account and build their wealth until it is large enough to actually do something with. Then, of course, we are entering the era of negative interest rates on savings. So perhaps the mattress is better. Of course, even if you aren't in this kind of situation, it's impossible to operate a checking account without keeping a balance so the government is helping itself there too, even when bail-ins are not happening. Ah, and, the stock market. That's where all these inflated dollars are going, indeed. Nice fat bubble there. Nice if you happen to have some extra money to put in there. At least until the inevitable happens. Don't worry, the big boys who buddy up to the government will be able to make a tidy exit in good time. There will be plenty of people wondering where their retirement money went though.
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No rebuttal then? Lol, I told you i posted a chart made by goldbugs, to err on your side of the argument. Here's a real one This would correspond with that "projected" wage thing in your other chart. So this only back up the wealth being stolen by inflation proposition.
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I'll do one better: I'll give you the actual standard of living chart, 1947 to ~now. Things are looking up, inca. Fistbump? See that gap between the "projected" and "actual"? That's what your fiat currency gets you. That's because "projected" was projected by folks like you, this chart is supposed to show you exactly what you've read into it. What it does show is the standard of living actually improving. Though if this was a Bitcoin chart, you would be bemoaning that income had fallen 20% over the last 40 years, no?
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I'll do one better: I'll give you the actual standard of living chart, 1947 to ~now. Things are looking up, inca. Fistbump? See that gap between the "projected" and "actual"? That's what your fiat currency gets you.
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Average Annual Income 1946 = $2,600; 2013 =$51,017, almost x20 times.
Which is great if you live paycheck-to-paycheck and don't plan to retire (and believe the government inflation figures which differ significantly from those calculated by independent bodies).
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But it is not radically more evil than any other tax.
I disagree. Property taxes (which inflation essentially is) are much worse than taxes based on income or transactions as one is forced to labor to pay them. Also, though this no doubt varies from country to country, inflation typically distributes wealth to the already wealthy. Only the very, very poor who are not attempting to better their lives benefit at the lower end of the scale.
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Yup. Christmas is coming. No doubt many of us will settle down, full of ham, turkey, duck (or whatever your local seasonal dish is) around the television with the family and tune into that enduring classic, "It's a wonderful life". If you're familiar with this movie, at one point, $8000 dollars is misplaced. This is seen as a catastrophe. Chaos ensues: Businesses are at risk, careers threatened, jail time looms, suicide considered. Over $8000? Well, see "It's a Wonderful Life" was released in 1946. Care to guess how much that would be worth in modern money? We're talking close to $100,000 dollars (give or take pocket change) and that's using government figures which have been diddled over the years. Merry Christmas.
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