BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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January 09, 2015, 12:36:37 AM |
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You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare...
Because logic.
.. quite sure that you've missed mine. There is only ONE bitcoin blockchain that will never have more than 21 million tradeable units. The bootstrap phase is already over, bitcoin is money, end of story. If you think you can bootstrap similar network effect value into a competing decentralised blockchain and computing hash-backed secure transaction network, good luck to you. AltcoinsIf Bitcoin dumps any lower we will have to bootstrap it again
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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turvarya
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January 09, 2015, 10:11:23 AM |
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Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.
Blockchains are everywhere now. Useful, but not rare ... this is a typically naive objection. Rarity is a necessary but not sufficient condition for money to have value and only one of many monetary properties that a free market evaluates when arriving at valuations. You have much reading to do, google "subjective theory of value". Ever tried poking 100 ounces of gold through your internet jack to get it to instantly pop out on the other side of the world in your trading partner's hands? You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare... Because logic. That's like saying, Gold isn't rare, because I can take a rock and paint it with golden color.
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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January 09, 2015, 10:19:20 AM |
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Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.
Blockchains are everywhere now. Useful, but not rare ... this is a typically naive objection. Rarity is a necessary but not sufficient condition for money to have value and only one of many monetary properties that a free market evaluates when arriving at valuations. You have much reading to do, google "subjective theory of value". Ever tried poking 100 ounces of gold through your internet jack to get it to instantly pop out on the other side of the world in your trading partner's hands? You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare... Because logic. That's like saying, Gold isn't rare, because I can take a rock and paint it with golden color. I wish people would stop saying what it's like saying and concentrate on what was actually said. The false analogy just muddies the water even more. My point was not overly controversial I think. If a clone of Bitcoin somehow took all the hash, it would then just become Bitcoin again. But gold is uniquely useful in a number of ways that can't easily be replicated. The fact that gold is rare is the reason we don't use it more
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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turvarya
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 10:40:16 AM |
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Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.
Blockchains are everywhere now. Useful, but not rare ... this is a typically naive objection. Rarity is a necessary but not sufficient condition for money to have value and only one of many monetary properties that a free market evaluates when arriving at valuations. You have much reading to do, google "subjective theory of value". Ever tried poking 100 ounces of gold through your internet jack to get it to instantly pop out on the other side of the world in your trading partner's hands? You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare... Because logic. That's like saying, Gold isn't rare, because I can take a rock and paint it with golden color. I wish people would stop saying what it's like saying and concentrate on what was actually said. The false analogy just muddies the water even more. My point was not overly controversial I think. If a clone of Bitcoin somehow took all the hash, it would then just become Bitcoin again. But gold is uniquely useful in a number of ways that can't easily be replicated. The fact that gold is rare is the reason we don't use it more If all the gold miners would start mining coal instead. Coal would become gold. Wait, what? Sorry, but your statements are just perfect for "false analogies" since they don't make much sense. I don't know, what is so hard to understand about: There will just be 21 million bitcoin ever and a dogecoin is not a bitcoin. So, Bitcoin are rare.
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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January 09, 2015, 10:44:38 AM |
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Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.
Blockchains are everywhere now. Useful, but not rare ... this is a typically naive objection. Rarity is a necessary but not sufficient condition for money to have value and only one of many monetary properties that a free market evaluates when arriving at valuations. You have much reading to do, google "subjective theory of value". Ever tried poking 100 ounces of gold through your internet jack to get it to instantly pop out on the other side of the world in your trading partner's hands? You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare... Because logic. That's like saying, Gold isn't rare, because I can take a rock and paint it with golden color. I wish people would stop saying what it's like saying and concentrate on what was actually said. The false analogy just muddies the water even more. My point was not overly controversial I think. If a clone of Bitcoin somehow took all the hash, it would then just become Bitcoin again. But gold is uniquely useful in a number of ways that can't easily be replicated. The fact that gold is rare is the reason we don't use it more If all the gold miners would start mining coal instead. Coal would become gold. Wait, what? Sorry, but your statements are just perfect for "false analogies" since they don't make much sense. I don't know, what is so hard to understand about: There will just be 21 million bitcoin ever and a dogecoin is not a bitcoin. So, Bitcoin are rare. What if a decade from now a sidechain of Bitcoin is forked and takes all the hash? scBTC and BTC would not be that different. But Gold and Coal are..quite different ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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turvarya
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 10:58:58 AM |
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Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.
Blockchains are everywhere now. Useful, but not rare ... this is a typically naive objection. Rarity is a necessary but not sufficient condition for money to have value and only one of many monetary properties that a free market evaluates when arriving at valuations. You have much reading to do, google "subjective theory of value". Ever tried poking 100 ounces of gold through your internet jack to get it to instantly pop out on the other side of the world in your trading partner's hands? You missed my point maybe. If rarity is a necessary condition, and blockchains aren't rare... Because logic. That's like saying, Gold isn't rare, because I can take a rock and paint it with golden color. I wish people would stop saying what it's like saying and concentrate on what was actually said. The false analogy just muddies the water even more. My point was not overly controversial I think. If a clone of Bitcoin somehow took all the hash, it would then just become Bitcoin again. But gold is uniquely useful in a number of ways that can't easily be replicated. The fact that gold is rare is the reason we don't use it more If all the gold miners would start mining coal instead. Coal would become gold. Wait, what? Sorry, but your statements are just perfect for "false analogies" since they don't make much sense. I don't know, what is so hard to understand about: There will just be 21 million bitcoin ever and a dogecoin is not a bitcoin. So, Bitcoin are rare. What if a decade from now a sidechain of Bitcoin is forked and takes all the hash? scBTC and BTC would not be that different. But Gold and Coal are..quite different ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) If they would not be that different, why would scBTC take all the hash? You are just making things up. If coal in a decade would develop the same attributes as gold, it would overtake gold.
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Erdogan
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Activity: 1512
Merit: 1005
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January 09, 2015, 01:52:02 PM |
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Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.
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ChuckBuck
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 02:00:59 PM |
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Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.
What's the opposite of wealthy elite? Destitute commoners maybe? Someone should start that thread for us... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F23hMyBO.jpg&t=665&c=qRCIGVny1W4nMA) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpeacefulanarchism.com%2Fwp-content%2Fuploads%2F2014%2F03%2FHomeless-Bitcoin.jpg&t=665&c=aHzu71YimLKXJw) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.austintechnologylawblog.com%2Fuploads%2Fimage%2Fwino_bitcoing.jpg&t=665&c=OGV6CTtyG1vvuw)
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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January 09, 2015, 02:28:16 PM |
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That's what I tell homeless that try to bum from me in San Francisco (there's a lot of them), sorry I don't carry cash - only bitcoins.
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Gumbork
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 03:10:22 PM |
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Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.
What's the opposite of wealthy elite? Destitute commoners maybe? Someone should start that thread for us... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F23hMyBO.jpg&t=665&c=qRCIGVny1W4nMA) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpeacefulanarchism.com%2Fwp-content%2Fuploads%2F2014%2F03%2FHomeless-Bitcoin.jpg&t=665&c=aHzu71YimLKXJw) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.austintechnologylawblog.com%2Fuploads%2Fimage%2Fwino_bitcoing.jpg&t=665&c=OGV6CTtyG1vvuw) the near future
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BayAreaCoins
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Activity: 3948
Merit: 1248
Owner at AltQuick.com
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January 11, 2015, 09:18:41 AM |
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That's what I tell homeless that try to bum from me in San Francisco (there's a lot of them), sorry I don't carry cash - only bitcoins.
Same
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Bitware
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:58:02 AM |
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I've offered bums jobs and meals. They never accept the offers.
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Parazyd
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January 11, 2015, 10:37:49 AM |
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I've offered bums jobs and meals. They never accept the offers.
Of course they don't. Maybe meals sometimes, but they'll never accept a job.
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LiteCoinGuy
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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January 11, 2015, 12:29:06 PM |
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I've offered bums jobs and meals. They never accept the offers.
Of course they don't. Maybe meals sometimes, but they'll never accept a job. thats why they are bums.
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15Lemon714
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January 11, 2015, 01:02:07 PM |
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New wealthy elite? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ahahaha Talk when/if Bitcoin is ever at 10.000k and i am still holding 200coin then i have a few bob but far from a wealthy elite lol Wealthy elite own billions we are mere middle class wanna b's
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 11, 2015, 05:42:01 PM |
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New wealthy elite? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ahahaha Talk when/if Bitcoin is ever at 10.000k and i am still holding 200coin then i have a few bob but far from a wealthy elite lol Wealthy elite own billions we are mere middle class wanna b's if you only have 200 you will not likely be "elite" in this world 200k though you would be sitting pretty ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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SirChiko
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Activity: 966
Merit: 1000
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January 11, 2015, 05:50:45 PM |
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I've offered bums jobs and meals. They never accept the offers.
Of course they don't. Maybe meals sometimes, but they'll never accept a job. thats why they are bums. Well few people think they are discriminated and sometimes they would accept it, only assholes don't.
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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January 11, 2015, 05:50:50 PM |
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New wealthy elite? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ahahaha Talk when/if Bitcoin is ever at 10.000k and i am still holding 200coin then i have a few bob but far from a wealthy elite lol Wealthy elite own billions we are mere middle class wanna b's if you only have 200 you will not likely be "elite" in this world 200k though you would be sitting pretty ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That depends entirely on how long you plan on living. If you were cryogenically frozen with a paper wallet and are revived 150 years from now you could be holding a large percentage of the one world currency.
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SirChiko
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Activity: 966
Merit: 1000
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January 11, 2015, 07:25:58 PM |
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New wealthy elite? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ahahaha Talk when/if Bitcoin is ever at 10.000k and i am still holding 200coin then i have a few bob but far from a wealthy elite lol Wealthy elite own billions we are mere middle class wanna b's if you only have 200 you will not likely be "elite" in this world 200k though you would be sitting pretty ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That depends entirely on how long you plan on living. If you were cryogenically frozen with a paper wallet and are revived 150 years from now you could be holding a large percentage of the one world currency. Or own nothing of forgotten currency? 150 years is too optimistic
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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picolo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 07:34:36 PM |
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I've offered bums jobs and meals. They never accept the offers.
Of course they don't. Maybe meals sometimes, but they'll never accept a job. thats why they are bums. Some would accept jobs and had jobs but got hit hard by life. They usually made many mistakes and usually don't really want to go out of the street.
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