Look at all the oblivious fools arguing market rhetoric.

Billionaires have billions because bankers can cheat. Bitcoins end cheating. QED. Cheating billionaires hate people having bitcoins.

Please don't try to launder facts through rhetoric.

Look at the items for sale or auctioned on this forum. Most are one or another financial instrument. People are holding onto Bitcoins til there's a better price in other currencies. There isn't a consistent market for goods.

Hoarders are holding for better dollar prices. When the dollar crashes, bitcoins will no longer have any usefulness for them and they will start selling them massively.

If the alternative is valued in the collapsing currency then the alternative will crash as well.

Nope.


Not even close. As I said people are not complaining about not getting in on the ground floor. But rather because the people with the coins aren't talking. No one knows what the hell they want in services people can provide.

Check the auctions some time - it's all financial instruments no one new to Bitcoin has. Money for money.

Those are useless to people who want to build infrastructure with Bitcoin.


Nope. I believe the litecoiners are more reasonable in their awareness of immediate problems.


I sold gum for litecoins. Past tense. As in successful sale.

Bitcoiners want gold bars. Bitcoiners want to wait out the financial disaster. Litecoiners want to deal with the actual issues not just protect their own assets.


Nope. They're delusional if they think their Bitcoins will have value when the value is tied to dollars. Once no one wants dollars anymore no one will buy Bitcoins because they won't need them for storing dollar value. Euro will blow up around same time. Pounds will crash along with everything else. Maybe Asian currency basket will be valuable. How many yen is a burger these days?

I want something other than dollars.
People who can't get bitcoins are getting loose with the fungibility. They don't respect it.

Angry ppl want to sacrifice important features to acquire / keep more bitcoins.

Hoarders are delusional if they think bitcoins will continue to have value when the dollar explodes. All attached currencies will fall including bitcoins.

I sold my gum.
I'll be selling my CPU.
And some head phones.
And pens, crayons, paper.

Shit. People. Use.

The litecoin culture is more conducive to get out of this mess than bitcoin culture.

Thieves are using Bitcoin to get dollars. They think it's a joke.

There is a tension between the perception of Bitcoin (by necessity) and usage (by practicality).

Those of us who want to build are getting restless. We don't know what the big bitcoin holders want and they're not asking for anything we have when they do talk. This has resulted in ppl calling them hoarders. Others want demurrage. Others want tainting.

Fungibility is not being respected because bitcoins are a pain to acquire without going through the dollar bridge.

I want to build as well as protect fungibility. I'm cray cray like that.

So unless "hoarders" start saying what they want in terms of goods and services, we're going elsewhere. Litecoins, fartcoins, whatever it takes.

Coinmelting, tainting, 30% of the network not adding tx are symptoms.

Hoarding is called thus not because people are jealous (there is that element, tho), but mainly because people (who have no Bitcoins) are not waiting for the system to change, reset, repair.

They want a medium of exchange that allows them to replace broken or provide missing infrastructure.
You can also gauge the opinion of a currency by the behavior of thieves.

The amount of fraud in Bitcoin is right now related to how many people think it's a joke. Thieves want bitcoins to get easy dollars.
In the future they may steal Bitcoins so they can get a TV at a yard sale which they can put on auction for more Bitcoins.

But they are not doing that now.

I have sent the chewing gum from my LTC auction. 30.1 LTC for 5 sticks (I sent an 18 stick pack I bought for $1.69 - no 5 stick sugarless anywhere near me). Most 5 sticks are $.35 here. 1.69 / (18 / 5) = 1.69 / 3.6 = $.45 ish

LTCs trade at $.0055 - on the hypothetical chewing gum market they are worth $.35 / 30.1 to $.45 / 30.1 or 2.3 to 2.8 times.

And that's from ppl who have a lot. Combine low supply with renaissance mindset and you'll really see some action. Also for ppl who say that ppl are getting a bargain at 30.1 - I don't want $. I want cryptocoins. So they are in fact undervalued. The gum is cheap only if you want $.

I will be auctioning a T2330 Intel 1.6 GHz Laptop CPU for LTC soon.

I wasn't kidding when I said I would make a stand.

Look around. The majority of bitcoins DO NOT MOVE AT ALL.

You can't get bitcoins on a regular basis without crossing into fiat. And without such transactions there won't be any Made in Bitcoin growth.

So please loosen your purism so we don't crawl into the future like idiots who refuse to use public transportation from time to time.

CLOSED AUCTION

https://bitcointalk.org/index.php?topic=69356.0 - CLOSED

So there you have it.
30.1 LTCs will get you a 5 pc stick/pack of gum.

Some things went right, some mistakes were made.

notme pls PM me your details.

SOLD.
notme.
30.1 LTCs.
PM me address.

10 bids so far. 17 posts - 7 discussion posts.

25 bids (I will not count discussion posts as bids obviously)

Yes.

And lol: this is what I meant. US only tho. http://en.wikipedia.org/wiki/File:5_gum_package.jpg

Apparently stick and pack and piece means something different in diff places.

Derping again. Nope was right the way I had it.

Must be tired. Back to 25 bids.

I derped. I meant a PACK. I'll extend this to 30 bids.

DISCLAIMER: Chewing gum contains aspartame. I do not recommend consuming this product. But the Bitcoin economy launched when people used them to exchange goods and conveniences. Exchanges came later.

Price:
Brand:
Variant:
Comment: Why'd you price it at this rate? For example: I want my currency to be 100% again (96+% loss currently in fiat). Or anything.

Single unit as sold at gas stations or grocery stores.


Happy bidding.

The problem is timing.

I can think of several good reasons why bitcoin will reach a choke point.
It only solves policy problems.
Those who control most of the trade could care less about its potential to solve fundamental and structural problems.
Those who wish to solve such problems have no hope of acquiring the capital to implement.
This attitude won't change soon.

Conclusion: Demand exists among aspiring game changers for competitors to bitcoin not because of technical superiority but because of lock out. Bitcoin was produced at a time when people still thought the economy could be redeemed. That biased bitcoin toward value stability. The prevailing attitude will cause that function to break down.

Anyone butthurt by this post can check my signature.