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NotLambchop
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January 18, 2015, 08:05:39 PM |
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^How's that SexCoin of yours doing tho? All good? Value stored? Velocity up to speed? Farting through silk yet?  |
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Richy_T
Legendary
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Activity: 2450
Merit: 2130
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 18, 2015, 08:07:38 PM |
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Currency is supposed to circulate, not to be hoarded or hidden under the mattress. It's not expected to rise in value.
"Supposed to..." shit. What it is *supposed* to be is for one person to exchange a nominal value with another, a placeholder for resources. A promise for value fulfillment deferred. I talk to farmer Joe. Farmer Joe, says I (in the manner of farming folk), I have baked some fine loaves of bread but I have surplus to my needs. I was wondering if I might make a fair exchange with you, perhaps for a chicken. Farmer Joe observes the bread. "That is some mighty fine bread" says he. "Unfortunately, all my chickens are accounted for right now but I have some chicks which will grow and I can let you have a chicken much like the ones you see before you in about six months if you would let me have one of those loaves of bread today". "Those are handsome chickens" say I "and I am sure would be tasty in my pot. I agree. Let us make notes of our exchange so that our transaction proceeds fairly over time". "Aha" exclaims farmer Joe, "there is no need for that bother since there is this invention. It is a piece of paper with a picture of a dead man on it. One of these is considered fair value for a chicken or a loaf of bread". I trust Farmer Joe so I take his piece of paper as a promise, hand over the bread and return to my homestead. Six months pass. I return to farmer Joe. "Well met, farmer Joe" I call, "I have returned for my chicken". "Your chicken is well grown and healthy" he says "You'll get a good meal from that one". I hand over the picture of the dead man to farmer Joe. "Well, thing is" says Joe "Squire Sam has printed a whole lot more of these pictures, you'll need one of these and a tenth more for that chicken". "But what of our agreement?" I ask "I don't have a tenth more". "You'll have to speak to Squire Sam about that". So I head to the castle and confront Squire Sam, "Squire Sam", I begin, "How is it that I make an agreement with farmer Joe to exchange a loaf of bread for a chicken and yet it is broken because you are free to print as many pictures of dead men as you please? Nice castle, by the way". "Well" said Sam, "See this sword?". "Yes", says I. "Well, if you don't shut up and fuck off, you'll be receiving the pointy end of it" said Sam. So I made my excuses and left. |
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samsonn25
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January 18, 2015, 08:08:52 PM |
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As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole.   On the contrary, I have been tracking it for years and it is appreciating, Id rather have the old zimbabwe than either the usd or btc  |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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January 18, 2015, 08:09:18 PM |
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We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
A sect ? I knew bitcoin was backed by paranoia and tinfoil hattery so i'm not really surprised i must say. |
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LittleDigger
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January 18, 2015, 08:09:52 PM |
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^How's that SexCoin of yours doing tho? All good? Value stored? Velocity up to speed? Farting through silk yet?
You know I've warned you about this before.. Memes and insults are fun, but don't interrupt when adults are talking... OK, Lambie |
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NotLambchop
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January 18, 2015, 08:12:46 PM |
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As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole. On the contrary, I have been tracking it for years and it is appreciating, Id rather have the old zimbabwe than either the usd or btc Why is it you Bitcoiners are so bad with numbers? Hint: The naughts after the one make all the difference  P.S: If you also knew how to read... One Hundred Trillion != 1  |
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WeltMaster
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January 18, 2015, 08:13:15 PM |
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Come on kids, I know when we're not wanted, we're leaving. Forever   |
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Ultros
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January 18, 2015, 08:17:22 PM |
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^How's that SexCoin of yours doing tho? All good? Value stored? Velocity up to speed? Farting through silk yet?
You know I've warned you about this before.. Memes and insults are fun, but don't interrupt when adults are talking... OK, Lambie If a teenager taunts you in the street, do you actually waste your time discussing with him (loudly so everyone in the neighborhood can listen) or do you go on with your business because...you know... you might actually have more interesting things to do?  |
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NotLambchop
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January 18, 2015, 08:17:32 PM |
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Come on kids, I know when we're not wanted, we're leaving. Forever The cubs wanted steak, couldn't say no @Ultros: Such mature. Very reason. Wow. |
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samsonn25
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January 18, 2015, 08:18:19 PM |
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As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole. On the contrary, I have been tracking it for years and it is appreciating, Id rather have the old zimbabwe than either the usd or btc Why is it you Bitcoiners are so bad with numbers? Hint: The naughts after the one make all the difference P.S: If you also knew how to read... One Hundred Trillion != 1 Just my opinion, I believe it has higher value than the usd or btc |
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NotLambchop
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January 18, 2015, 08:19:46 PM |
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^That's 'coz you can't math or read. Not all opinions are equal, you know--some are plumb stupid |
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Dump3er
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January 18, 2015, 08:20:38 PM |
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NotLambChop, you're annoying even when ignored.
I call it a master degree.
Best Troll ever. Not so sexy and beautiful like me, but nerverthless the best troll ever. |
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samsonn25
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January 18, 2015, 08:21:03 PM |
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That's 'coz you can't math or read what are u talking about. I would rather have one of those notes than $1 usd or one bitcoin maybe you want sexcoin instead SMFHH |
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samsonn25
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January 18, 2015, 08:23:31 PM |
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As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole. It is relevant because the USD is deflationary and loses value over time. The Zimbabwe 100 trillion is gaining value because it is discontinued and a rarity item, and increased 700% the last 5 years where as the USD went down how much?  |
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NotLambchop
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January 18, 2015, 08:24:34 PM |
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That's 'coz you can't math or read what are u talking about. I would rather have one of those notes than $1 usd or one bitcoin maybe you want sexcoin instead Ahh, I'm beginning to see the root of your confusion. You think one bank note = one unit of currency. Sort of like a $1 bill = $100 bill. Gotcha. |
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samsonn25
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January 18, 2015, 08:24:56 PM |
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That's 'coz you can't math or read what are u talking about. I would rather have one of those notes than $1 usd or one bitcoin maybe you want sexcoin instead Ahh, I'm beginning to see the root of your confusion. You think one bank note = one unit of currency. Sort of like a $1 bill = $100 bill. Gotcha. The zimbabwe 100 trillion is discontinued so technically the government wont pay you anything for it, so it is worthless? So it should be worth even less than $1 usd I would rather have it than 20 $1 bills |
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NotLambchop
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January 18, 2015, 08:28:15 PM |
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... It is relevant because the USD is deflationary and loses value over time. The Zimbabwe 100 trillion is gaining value because it is discontinued and a rarity item, and increased 700% the last 5 years where as the USD went down how much? So... Mebby we should let Bitcoin fail completely, and it would acquire value as a digital collectible? There's a real black swan disruptive technology paradigm shift right there, no? |
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Eamorr
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January 18, 2015, 08:29:03 PM |
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Double-digits by Friday.
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LittleDigger
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January 18, 2015, 08:29:25 PM |
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^How's that SexCoin of yours doing tho? All good? Value stored? Velocity up to speed? Farting through silk yet?
You know I've warned you about this before.. Memes and insults are fun, but don't interrupt when adults are talking... OK, Lambie If a teenager taunts you in the street, do you actually waste your time discussing with him (loudly so everyone in the neighborhood can listen) or do you go on with your business because...you know... you might actually have more interesting things to do? I got a soft spot for him, I'd like him to learn a little math.. Like MV=PQ.. But I think you are right ... It's about that time.. |
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samsonn25
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January 18, 2015, 08:30:09 PM |
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... It is relevant because the USD is deflationary and loses value over time. The Zimbabwe 100 trillion is gaining value because it is discontinued and a rarity item, and increased 700% the last 5 years where as the USD went down how much? So... Mebby we should let Bitcoin fail completely, and it would acquire value as a digital collectible? There's a real black swan disruptive technology paradigm shift right there, no? Thats the bitcoin value-trap. Who made up the value? only speculators and gamblers |
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