Latest posts of: kiba

Intrinsic value is part of the subjective theory framework, not the other way around.

Things in nature don't have an inherent value unless a human thinks it's useful.

Don't ban the troll! I need them as an excuse to post bitcoinweekly articles. Cheesy

Quote from: bcpokey on June 11, 2011, 07:09:52 PM

I wish these forums had a screening algorithm like

If Post.count < 5 && Post.Contains("Bubble","Ponzi Scheme","speculation","no real economy")
Then reject.post

But it gives me opportunity to promote my articles. Cool

Vitalik Buterin said the opposite.

Since you also said bitcoin is a bubble, here's the comic.

Quote from: Synaptic on June 11, 2011, 06:56:38 PM

I'm a small business owner myself (programming/design/hosting), and I considered accepting bitcoins for services. I no longer consider it a viable option in the least.

If you don't want to stay in the bitcoin economy, that's fine.

Quote from: MatthewLM on June 11, 2011, 04:59:44 PM

It's your own fault for buying in an unsustainable bubble. Maybe another bubble will help you out and the non-speculative supply and demand could help bring the price up over the longer term.

You mentioned a bubble, you get the bitcoin bubble comic.

This is completely boring. Anyway, here's the reason why bitcoin isn't a bubble, followed by a bitcoin bubble comic which illustrate the bitcoin bubble siren song that been going on since the beginning of the currency.

Anyway, it's normal for the price of bitcoin to decline 30% or even more overnight, just as it is normal for bitcoin to jump 30% or more overnight.

Good day.

Quote from: ISA on June 10, 2011, 11:05:38 PM

I thought every transactions is visible to everyone?
So bitcoin is not really anonymous, right?

That may be so but I have no idea who owns what.

Remember, don't forget to donate to the Bitcoin Weekly. Writers don't grows on tree!

Did somebody say...the price is crashing?

If so, here's the comic: http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value

Moment? It's all a blur to me. Grin

Quote from: Element115 on June 10, 2011, 01:14:07 PM

Oh and by the way. Don't think that Senators or anybody else that rallies against Bitcoin really acts against it because of reasons they tell you. Discrediting and and using semi true problems like the ability to launder money is just a pretense.

So writing a congressman about how swell Bitcoin is won't really do anything. They don't care!

They are probably just a thoughless memebot rather than a rational human beings.

So they react like this? http://bitcoinweekly.com/articles/reactions-to-bitcoin

Indifference is hard to detect because they don't make lot of noise.

Quote from: btclaw on June 09, 2011, 06:09:06 AM

Bitcoin is not anonymous, and it is not for money laundering. These are the touchstones for Schumer and his like-minded senators on the big banking commitees. Take the fangs out of their argument by proving them wrong, then you've got something.

I am not willing to hurt people simply for selling weapons and weeds. What these people are doing is a voluntary transaction. Schumer and his friends are morally disgusting, not us.