bitkilo
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Activity: 1638
Merit: 1010
https://www.bitcoin.com/
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October 14, 2014, 09:06:17 PM |
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Just looking at it now, no problems on my end. |
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NotLambchop
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October 14, 2014, 09:18:49 PM |
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The most boring rally ever...  |
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Omikifuse
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Activity: 1750
Merit: 1009
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October 14, 2014, 09:26:30 PM |
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here bitcoinwisdom is online |
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solex
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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October 14, 2014, 09:27:27 PM |
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I agree that "Maths and Science" sometimes get thrown around like magical solutions by some pro-bitcoin people.
But ask yourself this:
How easy is it to change the money emission scheme for a central bank?
How easy is it to change the money emission scheme for the bitcoin network?
To come up with some other buzzwords: it's the combination of decentralisation, personal incentives and the enabling technology that makes bitcoin tick.
Which why it is going to be very interesting watching the emerging govcoins (Ecuador, Philippines). Because, if their coins languish in the alts, or are attacked and burned, then it will be obvious to everyone that riding the Bitcoin train is the only way to go. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:31:33 PM |
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I agree that "Maths and Science" sometimes get thrown around like magical solutions by some pro-bitcoin people.
But ask yourself this:
How easy is it to change the money emission scheme for a central bank?
How easy is it to change the money emission scheme for the bitcoin network?
To come up with some other buzzwords: it's the combination of decentralisation, personal incentives and the enabling technology that makes bitcoin tick.
Which why it is going to be very interesting watching the emerging govcoins (Ecuador, Philippines). Because, if their coins languish in the alts, or are attacked and burned, then it will be obvious to everyone that riding the Bitcoin train is the only way to go. all they are really doing, is glorified online banking. an entry in their database is only worth something because the good poeple of Ecuador were told it was worth something. no government is going to have the BALLS it takes to limit their money supply. but no matter we are doing it for them  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:35:40 PM |
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ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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October 14, 2014, 09:38:21 PM |
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That's a different argument. Clearly BTC is worth more than my shitcoin. I simply pointed out that Bitcoin's inelasticity is, in itself, an insufficient reason for Bitcoin to succeed.
But money doesn't have to be elastic. And Bitcoin's inelasticity is absolutely the reason for its current and future success. Sure, but that's a Keynes/Austrian school debate, outside of this thread's scope. I assure you that absolutely nothing is outside of this thread's scope. |
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Feri22
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October 14, 2014, 09:39:49 PM |
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I just panic bought...it is better feeling than panic sell though
Congrats, you're retarded. Don't think so |
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empowering
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Activity: 1078
Merit: 1441
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October 14, 2014, 09:39:57 PM |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:48:35 PM |
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ok i'm calling it now, 3666 in 180 business days  |
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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October 14, 2014, 09:51:35 PM |
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ok i'm calling it now, 3666 in 180 business days yuan or usd? |
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Tzupy
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Activity: 2128
Merit: 1074
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October 14, 2014, 09:53:38 PM |
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ok i'm calling it now, 3666 in 180 business days yuan or usd? Yuan is bearish, usd is delusional.  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:53:55 PM |
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ok i'm calling it now, 3666 in 180 business days yuan or usd? mother-fucking-dollars! |
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janos666
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October 14, 2014, 09:54:06 PM |
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ok i'm calling it now, 3666 in 180 business days yuan or usd? Peso |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:55:11 PM |
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ok i'm calling it now, 3666 in 180 business days yuan or usd? Yuan is bearish, usd is delusional. in bitcoin, delusional is typical |
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bassclef
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October 14, 2014, 09:57:57 PM |
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Probably going to pull back a little bit here... not to worry though.
Need those beartraps on the way up.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 14, 2014, 09:58:41 PM |
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Probably going to pull back a little bit here... not to worry though.
my ammo is ready and willing. |
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NotLambchop
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October 14, 2014, 09:59:09 PM |
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Can I unfasten my seat belt yet?
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 14, 2014, 10:00:57 PM |
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Erdogan
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Activity: 1512
Merit: 1005
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October 14, 2014, 10:02:26 PM |
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That's a different argument. Clearly BTC is worth more than my shitcoin. I simply pointed out that Bitcoin's inelasticity is, in itself, an insufficient reason for Bitcoin to succeed.
But money doesn't have to be elastic. And Bitcoin's inelasticity is absolutely the reason for its current and future success. Sure, but that's a Keynes/Austrian school debate, outside of this thread's scope. I assure you that absolutely nothing is outside of this thread's scope. The market will provide elastisity when needed. For example, in the season leading up to christmas, the public might hoard coins, leading to deflationary supplier prices, but that would be solved by credit expansion in the form of supplier loans to stores. |
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