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NotLambchop
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January 18, 2015, 08:36:13 PM |
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Bitcoin wont fail because the technology was revolutionary. But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars
Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring
Bitcoin acquires value exactly like anything else--bread, tulip bulbs, SexCoin. The value of USD is not "set" by any authority (you're free to ask $1 or $1,000 for your BTCeanie). Speculative value is fine. |
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samsonn25
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January 18, 2015, 08:37:37 PM |
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Bitcoin wont fail because the technology was revolutionary. But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars
Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring
It was two large pizzas actually, he drove a hard bargain. ^5 |
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Coinshot
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January 18, 2015, 08:41:17 PM |
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It survives the weekend. I will take this as a good sign. If it can rally to above 240 during the week then sub-200 is over for now.
Congrats if you have managed to load up at 180-190.
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Afrikoin
Legendary
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Activity: 1540
Merit: 1003
alan watts is all you need
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January 18, 2015, 08:43:49 PM |
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Yawn! How come i never see any german notes from after the 2nd world war? |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1011
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January 18, 2015, 08:44:51 PM |
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Afrikoin
Legendary
Offline
Activity: 1540
Merit: 1003
alan watts is all you need
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January 18, 2015, 08:45:41 PM |
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We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
+ 1 |
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Eamorr
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January 18, 2015, 08:45:49 PM |
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Bitcoin wont fail because the technology was revolutionary.
Replace "Bitcoin" with "Steam engine", say it again and see if it still makes sense. |
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samsonn25
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January 18, 2015, 08:46:28 PM |
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Yawn! How come i never see any german notes from after the 2nd world war? They were too valuable a commodity to use to keep the stoves burning |
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NotLambchop
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January 18, 2015, 08:48:04 PM |
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You want Bitcoin now?  @Afrikoin: don't you mean first? |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 18, 2015, 08:49:20 PM |
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lol love the altcoins table |
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greenlion
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January 18, 2015, 08:53:51 PM |
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Bitcoin wont fail because the technology was revolutionary. But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars
Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring
Bitcoin acquires value exactly like anything else--bread, tulip bulbs, SexCoin. The value of USD is not "set" by any authority (you're free to ask $1 or $1,000 for your BTCeanie). Speculative value is fine. That's technically true in a somewhat meaningless tautological sense, but highly disingenuous because the explicitly stated purpose of monetary policy via central banking is to produce intentional macroeconomic outcomes through manipulating money. Using the word "set" to describe the alleged mechanism is a strawman oversimplification of very basic facts. |
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samsonn25
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January 18, 2015, 08:54:06 PM |
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Kids, Deflationary means it gains in value, Inflationary means it loses value.. USD is inflationary prices rise because it loses value when more is printed..
Edit: maybe they should find an economist who gives lessons in crayon..
Play nice, I have to go to work now...
I meant to say the usd deflates as the economy inflates, chose wrong wording |
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seljo
Legendary
Offline
Activity: 1179
Merit: 1014
Hodling since 2011.®
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January 18, 2015, 08:55:17 PM |
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lol love the altcoins table Luv bvlgarian exchange the one that didn't fuck up yet... |
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Assad
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January 18, 2015, 08:57:39 PM |
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the terrorists in the bulgarian exchange tend ? |
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ChartBuddy
Legendary
 Online
Activity: 2576
Merit: 2210
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2015, 08:59:58 PM |
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Bitfinex  Bitstamp  Explanation |
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NotLambchop
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January 18, 2015, 09:02:47 PM |
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Kids, Deflationary means it gains in value, Inflationary means it loses value.. USD is inflationary prices rise because it loses value when more is printed..
Edit: maybe they should find an economist who gives lessons in crayon..
Play nice, I have to go to work now...
I meant to say the usd deflates as the economy inflates, chose wrong wording Inflation of base money supply ("printing money out of thin air" to the local intelligentsia) does not equal price inflation (inflation as we know it, "price inflation," shit getting more expensive). Bitcoin has been "printing money" (mining) at breakneck speeds since the git-go, and BTC prices have risen for quite a while. It's only now that Bitcoin is failing to support ~12% yearly monetary base inflation rate. If there was only a way to slow down the money printing press... but alas, it's algorithmically predetermined  |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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January 18, 2015, 09:05:17 PM |
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We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
Fantastic idea. |
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fichtn12345
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January 18, 2015, 09:08:31 PM |
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We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
Fantastic idea. considering the amount of trolls one can hope that this might get the next bubble going if all those trolls would have to buy some coins in order to continue trolling  |
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GaliX
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January 18, 2015, 09:13:00 PM |
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mhh looks like heavy pressure by all the seller right now. Could get bloody soonish.
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LittleDigger
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January 18, 2015, 09:13:22 PM |
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Yawn! How come i never see any german notes from after the 2nd world war? They were too valuable a commodity to use to keep the stoves burning  100 Mark "Goldmark" I just scanned.. Wonder If I can redeem it for the 3.58 grams of gold from a central bank.. A contract is a contract  |
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Poll
