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USD inflation affect on BTC?
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Topic: USD inflation affect on BTC? (Read 6895 times)
molecular
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Re: USD inflation affect on BTC?
November 20, 2012, 12:42:41 AM
#81
Quote from: bitcoinbear on November 19, 2012, 09:27:09 PM
Quote from: myrkul on November 17, 2012, 07:20:27 PM
Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse.
That is not exactly true. When the apocalypse hits, the supply of bullets will go down and the demand will go up, so your gold will buy less bullets.
I would like to see how that bet could be settled without the internet to provide proof-of-contract.
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michaelmclees
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Re: USD inflation affect on BTC?
November 20, 2012, 01:54:23 AM
#82
Perhaps you could say your bullets will buy less gold?
myrkul
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Re: USD inflation affect on BTC?
November 20, 2012, 03:09:34 AM
#83
Quote from: michaelmclees on November 20, 2012, 01:54:23 AM
Perhaps you could say your bullets will buy less gold?
After the apocalypse, your bullets would buy more gold, most likely. (As was pointed out to me, above.)
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Richy_T
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Re: USD inflation affect on BTC?
November 20, 2012, 03:11:47 PM
#84
Depending on the nature of the apocalypse, gold may be readily available.
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bitcoinbear
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Re: USD inflation affect on BTC?
November 20, 2012, 05:00:01 PM
#85
Quote from: Richy_T on November 20, 2012, 03:11:47 PM
Depending on the nature of the apocalypse, gold may be readily available.
Which would also mean that the gold will buy less bullets, just like I said before.
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Re: USD inflation affect on BTC?
November 20, 2012, 06:25:44 PM
#86
Does anyone know a good chart for tracking bullet prices? Interested to see if the Mayan calendar crap has been priced in yet. Might be a good time to buy.
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Re: USD inflation affect on BTC?
November 20, 2012, 06:28:18 PM
#87
Quote from: Chalkbot on November 20, 2012, 06:25:44 PM
Does anyone know a good chart for tracking bullet prices? Interested to see if the Mayan calendar crap has been priced in yet. Might be a good time to buy.
Oh lord, what have I started...
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Crypt_Current
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Re: USD inflation affect on BTC?
November 20, 2012, 06:31:02 PM
#88
Quote from: Chalkbot on November 20, 2012, 06:25:44 PM
Does anyone know a good chart for tracking bullet prices? Interested to see if the Mayan calendar crap has been priced in yet. Might be a good time to buy.
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bitboyben
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Re: USD inflation affect on BTC?
November 23, 2012, 05:00:12 PM
#89
Bullets will be the next currency! Metro 2033!
Why did I sell at $5!
Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
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