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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 608378 times)
Possum577
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December 15, 2014, 07:17:38 AM
 #2281

People forget the numbers.  If everyone in New York state wanted to buy one bitcoin, they could not.  This is a world wide phenomenon and if this hyper-bitcoinization event does occur, it will be of epic proportions.

Go vertical baby....2017!     Cool

This is a really simple and powerful point. I may start thinking differently about the future of this thing.

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December 15, 2014, 07:57:46 AM
 #2282

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

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December 15, 2014, 08:10:23 AM
 #2283

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.
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December 15, 2014, 08:48:50 PM
 #2284

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.

As I understand it the federal government of the USA have already adopted the metric system, doesn't all government agencies use it? I know for sure that the military does.

Besides, if all the other countries on earth could change you would think that the USA would be able to as well. The network effect now works in favor of the metric system.

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December 16, 2014, 07:49:38 AM
 #2285

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.

As I understand it the federal government of the USA have already adopted the metric system, doesn't all government agencies use it? I know for sure that the military does.

Besides, if all the other countries on earth could change you would think that the USA would be able to as well. The network effect now works in favor of the metric system.

Do you have a link on the Federal G of the USA adopting the metric system?

The metric system makes more sense and will likely be the winning system within....100years.

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December 16, 2014, 07:56:25 AM
 #2286

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.

As I understand it the federal government of the USA have already adopted the metric system, doesn't all government agencies use it? I know for sure that the military does.

Besides, if all the other countries on earth could change you would think that the USA would be able to as well. The network effect now works in favor of the metric system.

We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.
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December 16, 2014, 10:09:29 AM
 #2287

Derp

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December 16, 2014, 10:25:39 AM
 #2288

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.

As I understand it the federal government of the USA have already adopted the metric system, doesn't all government agencies use it? I know for sure that the military does.

Besides, if all the other countries on earth could change you would think that the USA would be able to as well. The network effect now works in favor of the metric system.

We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

24H for 24 stars :

"During the era when sundials were first used, however, Egyptian astronomers also first observed a set of 36 stars that divided the circle of the heavens into equal parts. The passage of night could be marked by the appearance of 18 of these stars, three of which were assigned to each of the two twilight periods when the stars were difficult to view. The period of total darkness was marked by the remaining 12 stars, again resulting in 12 divisions of night (another nod to the duodecimal system). During the New Kingdom (1550 to 1070 B.C.), this measuring system was simplified to use a set of 24 stars, 12 of which marked the passage of the night."

60minutes and 60seconds : not sure why :

"Hipparchus and other Greek astronomers employed astronomical techniques that were previously developed by the Babylonians, who resided in Mesopotamia. The Babylonians made astronomical calculations in the sexagesimal (base 60) system they inherited from the Sumerians, who developed it around 2000 B.C. Although it is unknown why 60 was chosen, it is notably convenient for expressing fractions, since 60 is the smallest number divisible by the first six counting numbers as well as by 10, 12, 15, 20 and 30."

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December 16, 2014, 11:04:03 AM
 #2289


We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

I also don't like the idea that there are 360 degrees in a circle. Let's change that to 1000 metric degrees. Then we'd be free to change the latitude and longitude system of the globe into something involving multiples of 10.
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December 16, 2014, 11:33:10 AM
 #2290


We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

I also don't like the idea that there are 360 degrees in a circle. Let's change that to 1000 metric degrees. Then we'd be free to change the latitude and longitude system of the globe into something involving multiples of 10.

What has become common and widely accepted will remain even if there are easier alternatives. Troy ounce is used and works well in the head of all those using and will remain.
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December 16, 2014, 02:14:33 PM
 #2291


We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

I also don't like the idea that there are 360 degrees in a circle. Let's change that to 1000 metric degrees. Then we'd be free to change the latitude and longitude system of the globe into something involving multiples of 10.

What has become common and widely accepted will remain even if there are easier alternatives. Troy ounce is used and works well in the head of all those using and will remain.

I believe their were 360 days in a year back when giants walked the earth.
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December 16, 2014, 02:28:32 PM
 #2292


We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

I also don't like the idea that there are 360 degrees in a circle. Let's change that to 1000 metric degrees. Then we'd be free to change the latitude and longitude system of the globe into something involving multiples of 10.

What has become common and widely accepted will remain even if there are easier alternatives. Troy ounce is used and works well in the head of all those using and will remain.

It will remain until a dictator forces everyone to change or a smart trusted group change the rule.

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December 16, 2014, 04:22:50 PM
 #2293

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

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December 16, 2014, 05:02:48 PM
 #2294

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

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December 16, 2014, 05:23:53 PM
 #2295

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

Not with the current price, and most definitely while it isn't accepted at "your local grocery store".
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December 16, 2014, 05:53:14 PM
 #2296

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Thank you for this! Good to know hopeful bulls still exist!
This forum has gone from "bearish" to "complete panic" in a matter of days.
[Which I hope is a good sign Smiley ]
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December 16, 2014, 07:04:12 PM
 #2297

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Thank you for this! Good to know hopeful bulls still exist!
This forum has gone from "bearish" to "complete panic" in a matter of days.
[Which I hope is a good sign Smiley ]

This forum is still much bearish.  Just as we know it's winter time and bears are more quiet than usually.

I am one of the bears with goal to achieve.  Never give up - that's the rule.


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awesomeami
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December 16, 2014, 07:49:56 PM
 #2298

Quote
Once a system is in use, its difficult to break out from it. Its a type of network effect.
Same for mile, horse power, date 1/2/3, ...

And u can measure ant in kilometers and weight of Earth in nanograms. Try that in US standards.

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December 16, 2014, 09:04:02 PM
 #2299


We are still using 24 hours a day, 60 minutes a second, 60 seconds a minute. If changing was this easy then we would be having them in multiples of 10.

I also don't like the idea that there are 360 degrees in a circle. Let's change that to 1000 metric degrees. Then we'd be free to change the latitude and longitude system of the globe into something involving multiples of 10.

... this is immediately seen to be a dumb idea because what would the 4 points of the compass become then?

2.5, 5, 7.5 and 10?

Circles don't divide well into 10. The greeks understood number theory enough to know you need something more primal than the number of digits on human hands for dividing circles elegantly ...

... the root problem is base 10 number system, base 12 (maybe 16) is preferable.

Even pi is wrong.

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December 16, 2014, 09:49:11 PM
 #2300

Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along?
I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about?

Once a system is in use, its difficult to break out from it. Its a type of network effect.

As I understand it the federal government of the USA have already adopted the metric system, doesn't all government agencies use it? I know for sure that the military does.

Besides, if all the other countries on earth could change you would think that the USA would be able to as well. The network effect now works in favor of the metric system.



Do you have a link on the Federal G of the USA adopting the metric system?

The metric system makes more sense and will likely be the winning system within....100years.

Interestingly, it turns out that the USA adopted the metric system already back in 1866, they just never implemented it fully in the states and territories.
Quote from wikipedia below.

"Although the constitution gave the authority to dictate standards of measure to Congress, it was not until 1832 that the customary system of units was formalized.[4] In the early 19th century, the U.S. Coast and Geodetic Survey (the government's surveying and map-making agency) used meter and kilogram standards brought from France. In 1866, Congress authorized the use of the metric system[5] and supplied each state with a set of standard metric weights and measures. In 1875, the United States solidified its commitment to the development of the internationally recognized metric system by becoming one of the original seventeen signatory nations to the Metre Convention or the Treaty of the Metre. The signing of this international agreement concluded five years of meetings in which the metric system was reformulated, refining the accuracy of its standards. The Metre Convention established the International Bureau of Weights and Measures (Bureau international des poids et mesures, BIPM) in Sèvres, France, to provide standards of measurement for worldwide use.

Under the Mendenhall Order in 1893, metric standards, developed through international cooperation under the auspices of BIPM, were adopted as the fundamental standards for length and mass in the United States. The U.S. customary units such as the foot and pound have been defined in relation to metric units ever since.

The 1895 Constitution of Utah, in Article X, Section 11, originally mandated that: "The Metric System shall be taught in the public schools of the State." This section was, however, later repealed.[6]"

As to links about government agencies, here you go:
http://www.nist.gov/pml/wmd/metric/metric-policy.cfm
http://www.nist.gov/pml/wmd/metric/metric-program.cfm
http://en.wikipedia.org/wiki/Metrication_in_the_United_States

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
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