Have another

I didn't say which week. Though it will be soon, real soon. Very soon even.

1000 years of history has us riding horses and burning dung to stay warm. 1000 years is a short period time in one aspect and a long period of time in another. So much has changed in the last 200 years and it would take something very, very drastic to reverse some of those changes (using steam as a power source will likely never go away for example) and something that drastic would complicate calculations of price more, not less.

Regardless, I'm planning on adding some silver to the portfolio. Though durable goods is top of the list at the moment.

That makes no sense to me. Since then, materials have changed, mining technologies have changed, the population has changed and jewelery and coin production methodologies and usages have changed. To say they are currently undervalued is one thing but to make claims that they will revalue close to their previous values is unfounded.

I was reading the other day, (possibly on here) of someone who carries a silver dollar around (with $1 stamped on it, obviously) and asks people how much it's worth to illustrate what inflation has done to the currency.

I predict a crash all the way to 35 by end-of-week.

I'd hesitate to say "buy now". That's a knee-jerk response. Devise a strategy and stick with it. Assigning a small portion of income to purchasing bitcoins is one of the smarter ideas though more complex ones are certainly feasible.

I think he understands things pretty well, looks like.

So let's examine this scenario: Government prints money, gives to banks, banks lend to people, people buy bubble item of the month, sorry, I mean Bitcoin, bubble bursts, money disappears, bankers get rich, politicians get rich, public gets shafted.

Sorry, how is this any different than SOP?

Not really necessary. It's just an artifact of not being familiar with dealing with multiple currencies. Growing up, a £ would buy you several thousand Italian Lira and nobody thought of changing the pound (though I believe the Lira was actually revalued some time before the Euro was adopted). Time to move away from provincialism, it's a global economy now.

Inflation makes the dollar worth less. So less inflation would imply fewer dollars per btc, not more.

Edit: Oh wait, nevermind. You meant BTC inflation.

The pound is down nearly 10c against the dollar in the last couple of weeks and nearly 50c since 2001. This is with all the inflation the dollar has been experiencing itself.

I suspect "correct" answer #1 was to liquidate a little bitcoin and buy a cheaper used vehicle. Correct answer #2 would have been to do the same with borrowed money rather than case in everything bitcoin. Exchange the order of these based on your aversion to debt (Though I believe money was borrowed to buy the bitcoins in this case which clouds the issue).

However, the simple fact is that Rassah wanted a shiny new car, had the funds to do so, cashed out, taking good profit and got something he wanted and paid off some debt to boot (I believe). There is nothing wrong with that in my book.

But if they want to use cash for a transaction but using one of the usual suspects is risky/difficult, there is an alternative.

And he's clearly a cheerleader. Which is not a bad thing per-se but it should immediately trigger "I am reading a biased article" flags in anyone with a bit of common sense. Definitely not as beneficial as an article which would show a somewhat balanced approach maybe tinged with a little skepticism.

I like this one.

Or alternatively, everything that makes the usual currencies harder to use is a point in Bitcoin's favor.


Indeed.