Still hodling ...  |
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Bitcoin 'backed by men with guns' tm
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OP's idea is the most idiotic idea I have heard for a long time.
1 BTC = 1 BTC
A=A
0.001 of a bitcoin is a millibit if you wish.
If bitcoin's spread is contingent on a change in a decimal place then the human race deserves to fail.
Do you really think the unbanked, the oppressed, those under hyperinflation give a f**k about where the BTC decimal place is?
Should we edit the historical internet so all mentions of BTC amounts are multiplied by 1000?
Perhaps we should airbrush all images of Mark Karpeles from history?
Grow up and get an abacus or something.
Dogecoin has enough numbers above 1 for you - although that crowd are too smart for you.
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I don't think I understand American humour.
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I think a lot has do with people simply not understanding monetary systems, payment networks, distributed exchanges, currency exchange and pretty much everything hypostatization just laid out. Most people's extent of knowledge on these subjects is limited to what they learned from Bitcoin and thus, they can't see anything but "coins" because everything else is beyond their current knowledge base. Understanding "coins" is simple enough for even children to understand.
The simplest way to understand the benefits of Ripple to Bitcoin, is to just look at Gox. If Gox had been plugged into Ripple, users would had flexibility over their Gox IOU's. While an exchange closing is never going to have positive results, those IOU's could have still been moved into other currencies, like Bitstamp.BTC or XRP and then moved into any other currency where liquidity exists. This is much like what Bitcoinbuilder did, except you don't need a central clearing house to move your IOU's. Instead, Gox users have taken a total lost because they prefer centralized exchanges over distributed exchanges. Why? IDK...maybe a few more need to fail before people finally get it.
Now no ones perfect and RL's is no exception. Things can always be improved upon and the necessity to effectively communicate Ripple's feature set and benefits, should remain an on going process. But keeping blinders on and refusing personal responsibility to understand the tech in the space, is also not an excuse for not educating ones self on the tech, that brings increased value and utility to Bitcoin and all crypto-currencies.
Ripple can bring the entire digital currency space to worldwide ubiquity and that's just a fact.
So you prefer contagion, bail outs and collusion when a large gateway/exchange goes down? The incentives in Ripple push bail outs, debt and encourage other holders of Gox IOUs to turn a blind eye to Gox's trouble's, giving them more credit lest a default leads to loss of Gox IOU values throughout the system. This is what many critics of Ripple have said for years. Bitcoin related businesses can never be too big to fail. Ripple businesses can be too big to fail. |
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I just gained insight into what my wife and friends hear when I go for dinner with them....
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Patience young ones. Obi-Wan didn't wait until 5 years after Anakin turned to the dark side then pop up to try and fight the empire with Yoda. He waited 20 years until he was really needed and the next generation needed his help. I think Satoshi won't be seen until 2032, when he'll cryptographically reveal himself at the same time as helping a gifted young cryptographer that managed to crack a game Satoshi set up on the internet as a test, a bit like The Last Starfighter but for Hackers. His intervention will help at a time of great global turmoil. BTCBTCBTCBTC |
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I am also hodling!
I just realize now that I am posting in this epic thread that will be a cornerstone of bitcoin and internet history for decades to come.
HODL!!!!
I think we need campaign ribbons or medals like old soldiers. 'Grandad did you really HODL in the crash of 2014?' 'Pass me a beer boy and I will tell you all about it.... ' |
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When we get to 5 figure dollar/BTC prices no one will be able to say they didn't have the chance to buy some. Bitcoin keeps giving opportunities for people to buy in. The believers will be rewarded.... BTCBTCBTCBTCBTC |
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This thread has gone wrong. I'm going to delete it.
Sorry if it was misunderstood.
PS Delete button doesn't work - any ideas?
I'll try the mods.
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In times of turmoil a strong leader is needed. Thus I am shamelessly reposting the Hitler HODL video in its own thread: https://www.youtube.com/watch?v=yTupVFxDfIITrue responses to this thread should be in the form of hitler videos or memes only. HODL up bitcoiners |
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sorry guys i sodl in an attempt to hodl more in the future
Don't apologise to us. Apologise to Satoshi. |
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But you may ask why have inflation in the first place? why money print?, this is done to have velocity of money, meaning it promotes people to spend and not hoard money, giving incentive for people to actually start businesses to catch some of that consumer spending.
This isn't an explanation. If individuals in the market wish to defer consumption until a later date, or wish to invest in businesses (perhaps interest from a functional lending bank rather than one addicted to cheap debt) why is that some kind of market failure? Perhaps excess consumption and environmental catastrophe, as well as impending poverty in old age, is a consequence of this. Keynsians have such a wacky interpretation of economics and the free market. |
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Bitcoin dropping.
You all know what to do.
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1 BTC = 1 BTC = 1/21,000,000 of the eventual transmissible value on the bitcoin network.
Compare to $1 = $0.98 next year = (1/(exponentially increasing number))*total transmissible value on the fiat dollar network.
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For what it's worth I am a doctor.
The other day I was considering how open source has created complex computing and financial structures that we might have previously thought needed big business.
Perhaps there is some way a blockchain reward based system could be used to crowdfund future medical research. Not sure how yet though.
Block chains could be used for mutual assistance savings schemes where members would vote on treatments covered in an efficient, representative way without having to reveal the identity of the individuals and their illnesses to others int the group.
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I propose that 100 Satoshis, i.e. a micro-bitcoin, henceforth be known as one Finney in Hal's honor.
I support this proposition. 0.000001 = A Finney / Pronounced a 'finneh' (slang) eg. "Got a couple finneys from rain yesterday"
ALL IN FAVOR, QUOTE THIS MESSAGE
No other name will do. I'm in. |
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