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(Lithium)
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January 18, 2015, 08:31:02 PM |
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Come on kids, I know when we're not wanted, we're leaving. Forever   such cute bears  |
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NotLambchop
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January 18, 2015, 08:32:16 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 Artificial scarcity. Worked for BTCeanie BTCabies, will work for Bitcon |
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samsonn25
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January 18, 2015, 08:32:20 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
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LittleDigger
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January 18, 2015, 08:33:19 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...
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ronald98
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January 18, 2015, 08:34:33 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. |
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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: 1010
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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
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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: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2015, 08:59:58 PM |
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Bitfinex  Bitstamp  Explanation |
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