bitcoin is centralised

[franky1]

Don't want to be a grammar nazi, but perhaps OP should learn to use capital letters, and less space between sentences.

thanks for the observations

7H15 M3553G3 53RV35 70 PR0V3 0UR M1ND5 C4N D0 W0ND3RFUL 7H1N65.

if u can understand the message above the punctuation or grammar are not the most important things the mind has to worry about.

if i was to be writing a legal document i would indeed use precise grammar and proper punctuation. but i am leaving this chat as a casual conversation.

[DobZombie]

my point being is ignore fiat as your tool for value. what would bitcoin be like if we just used time as value

I've had my bitcoins for months...

THAT MEANS I'M RICH!!!

[RodeoX]

I sell my bitcoins for $100 per BTC. My price is what I demand, and is Independent of the Mt.Gox price. I would not take a penny less.

[TeslaUa]

I sell my bitcoins for $100 per BTC. My price is what I demand, and is Independent of the Mt.Gox price. I would not take a penny less.

That is a way to do it. MtGox price is nothing more than just an agreement. And you are free to agree to whatever you want. I think it will be the only way to trade bitcoin once we will step into faze "...then they fight you..." and all major exchanges will be shut down by governments.

[nobbynobbynoob]

I sell my bitcoins for $100 per BTC. My price is what I demand, and is Independent of the Mt.Gox price. I would not take a penny less.

I like it! So much that you can have "50c" for free.

[franky1]

I think I can see OP point. Measuring money with another money is kinda silly. So I track BTC purchase power instead. It is calculated as (BTCUSD*UAHUSD)/DieselPriceUAH. UAH being another sort of colored paper rectangles.

ur still using USD as ur comparison.

what if u decided one day that buying a pizza was worth 3% of how much you mine in a week. paying your rent is worth 25%-50% of your weekly income depending on the quality of the place.

buying a car was worth between 3 months to 3 years worth of bitcoins depending on what car u liked.

which from the sellers point of view they would agree or set their prices based on how much they value their product based on bitcoin.

eg making a pizza takes 30 minutes add ingredients, profit ... theyd want an hour of mining time worth of coins. which based on them working a 40 hour a week shift, the'd want 2.5%

let the bartering begin.... u start at 2% knowing ull go up to 3% pizza guy starts at 3.5% knowing they will go down to 2.5%
(just an example, numbers are not set in stone and are just made up from my head)

[TeslaUa]

I actually excluded USD from evaluation.

Okay, lets simplify by droping out my local currency and say BTC purchase power is BTCUSD/DieselGallonUSD. Now one may apply elementary math and discard USD out of it. So we get BTC/DieselGallon.

As for bartering one work time to another work time - that is something people in time bank do. Nice approach. May work well in critical conditions, like restoring after war or something when getting things done matter more than getting everyone rewarded proper.

Essentially currency is an adhoc to barter allowing for a common baseline.

[DoomDumas]

I don't use MtGox price.  Nice try though.

my point being is ignore fiat as your tool for value. what would bitcoin be like if we just used time as value

I agree on this, we are so much endoctrined as the U$ or any fiat should be the reference... before year 193x, gold was often The reference.. just by looking in the history of the "gold smith", we can easily understand that all this reference value has been manipulted by few for centuries..

Unless MtGox cheat in some way.. the "supposed reference value of BTC" is'nt manipulated by few imho..

I beleive BTC, even in a such small cap, are'nt manipulated.. and their value will be representative when a majority of users will beleive that BTC are the reference..

That's why I prefer to think that I buy FIAT currency, instead of thinking that I sell BTC.  It's just a state of mind..

After all, the reality is'nt all about how the majority of the self perceive it ?

we are all free human on a little planet !


sorry for bad english !

[Inaba]

But if you want people to take you seriously, proper spelling, grammar, capitalization and punctuation are important.  Otherwise you just look like a troll or tween trying to text.

It's one of the primary reasons I have never taken you seriously.  You write "u,", "ur" and "lol" and you can't take the time to communicate in a respectful manner, as such, you get exactly what you give: No respect.  Your message is loses most of it's impact.

[franky1]

But if you want people to take you seriously, proper spelling, grammar, capitalization and punctuation are important.  Otherwise you just look like a troll or tween trying to text.

It's one of the primary reasons I have never taken you seriously.  You write "u,", "ur" and "lol" and you can't take the time to communicate in a respectful manner, as such, you get exactly what you give: No respect.  Your message is loses most of it's impact.

hide behind not answering questions as ur reason to insult. dont blame it on u being a grammar nazi.. plus im not representing a product, business or asking for any funds, im just having a casual conversation so professionalism is not that important to me.
its just casual chat. by the way it was nice meeting u at london. even though i didnt tell u who i was.. strange how the professional person i faced is this same insulting and evading person we see on the forums..

serious question now ill even punctuate.

Has BFL begun testing ASICS, either in solo mode or on a pool. Or are they still at the production stage, as of today's date?

[Inaba]

I rest my case.

PS - You probably wern't babbling like an idiot in London, thus I communicated with you as an adult.  You speak like a child on the forums, you get treated like one.

[Soros Shorts]

It sounds like the OP is suggesting to remove the most efficient price discovery mechanism from the market. That can't be a good thing, can it? Two people will end up paying different amounts of BTC for the same item or service.

[mobile4ever]

Your message is loses most of it's impact.