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Do you guys have a reading impairment?
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then the readers can choose from the three following options:
[ ] jubalix theory is bullshit
[ ] nerdr interview is bullshit
[ ] both are bullshit
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hmm that actually doesn't bother me much if someone says BTC is worth more and others will pay that price , its just a form of price discovery. lol I thought as much. Then perhaps your scenario of the exchange selling their clients coins for extra cash and them continuing to use that exchange is some sort of price discovery too! |
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Are you trying to troll yourself? From here it seems to be working btw.
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yeah you're totally not desperate, even not so desperate to underscore bold your statements.  |
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It takes a while for enough market participants to internalize news to get things moving. That seems to have happened now, so expect the downward trend to continue until bitcoins are worth $0.
How about you put some money where your mouth is? bitcoins worth $0, are you on drugs/crazy??? I'll bet you all my money, coins, cars, house ect that bitcoin will never be worth zero.. never ever ever. so tough guy, you ready to put your money where your mouth is?  If you are desperate enough to solicit offers for ads in your signature I don't think you own anything worth mentioning. |
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“we don’t want to suppress or discriminate against Bitcoin, we are simply saying it is not a currency”. -Sheng Song Chengfreakin' epic e:   |
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1) Proudhon so-called trolling is miles away from being slightly funny.
Being the one trolled isn't supposed to be funny, you're the subject of funny. |
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Not a prophecy but a statement: mtgox is too big to fail, deal with it.
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Proudhon I liked you better back then.
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Got a time frame?
I wish  |
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the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin? First the latter then the former, in that order. |
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the inevitable collapse of hubris
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He's playing you guys like a fiddle. He sure plays a mean tune! Perhaps there is hope for you yet. |
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He's playing you guys like a fiddle. |
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What scenario does he propose Stuart?
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I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals. Curious, what does the article say why this is bad? I can't make out any argument, just a prolonged statement that it is. Oh and the analogies suck. (The fear mongering too) The article says that at the same time credit is expanded in the housing and sovereign bond market, credit is sucked out of the private space. This is done through the banks, they have deposited their money with the fed. A dollar deposited with the fed, is multiple dollars removed from the private sector due to the fractional reserve banking money multiplier. The banks have done this because the fed started to pay interest on the voluntary excess reserves. The sum withdrawn from the private sector matches the expansion in government debt. This is bad, because it adds to the planned economy and reduces the free economy.You are presenting a Circular argument. In case you haven't noticed: Excess reserves aren't supposed to be in the public hand in the first place or part of any economy. And that they aren't suggests that the FED is doing something right. |
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an excessively high gini-coeffcient does yield stunted economic development
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EDIT: Just read the article. Actually the writer doesn't think that Bitcoin being like North Korea is a big deal. What else can I do?  Actually he doesn't comment on whenever it is a big deal or not. Despite that it is kind of important because an excessively high gini-coeffcient does yield stunted economic development. The author's own words: "Thus talking about the Gini coefficient might make as much sense as talking about the Gini coefficient of, a public company, which has a combination of ultra-large individual and institutional shareholders and then a series of irrelevantly tiny minnow shareholders. Does that unequal distribution matter? Eh, not that much."Well he doesn't seem to share the opinion that Bitcoin is supposed to be or become a currency either... |
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