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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
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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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JimboToronto
Legendary
Offline
Activity: 4046
Merit: 4603
You're never too old to think young.
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January 18, 2015, 09:15:19 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 The only problem with that is that most of the trolls are adolescents and tweeners who can't afford to buy enough coins to make any difference. Why do you think they so desperately want the price to fall? It's the only way they can afford to buy with their allowance money.  |
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 18, 2015, 09:16:11 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. Now that is a very interesting idea. But actually all that is needed is a consensus ignore/ban facility and newbie jail or an invite only system. |
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NotLambchop
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January 18, 2015, 09:17:14 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. Now that is a very interesting idea. But actually all that is needed is a consensus ignore/ban facility and newbie jail or an invite only system. Perfect example of Bitcoiners: Much complaining, many +1s, IRL nothing ever gets done. |
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medialab101
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January 18, 2015, 09:18:48 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. Nuclear power plants are basically big steam engines. Congratulations, you fail at analogy |
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LittleDigger
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January 18, 2015, 09:22:19 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...
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 Not that simple.. The equation of exchange states MV=PQ or Money supply X velocity = price level X quantity of goods.. So quantity of money printed, amount of money changing hands, or quantity of goods in the market place changing can effect price level.. causing inflation... |
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supermine
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January 18, 2015, 09:24:08 PM |
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18 Jan /r/shibedojo Update
$195 reached. Probably due to lack of bear strenght, a pump to $220 happened, now heading back to $195, where the major bear fib fan ray is running, drawn from ATH at Gold Parity.
Resistance: $220
Support: $195, $186, $174
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ShroomsKit
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January 18, 2015, 09:28:19 PM |
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Anyone have any news what caused the sudden drop? I've been out of reach for some time  12 months isn't sudden. There is no news. There are hardly any Bitcoin users. Bitcoin is controlled by traders. And they make money by pushing the price down. |
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YourMother
Legendary
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Activity: 1281
Merit: 1046
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January 18, 2015, 09:29:24 PM
Last edit: January 18, 2015, 09:46:12 PM by YourMother |
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These communist bulls (and permabulltards too) would do anything to remove the negativity from this thread. It reminds me of some shitcoin threads that I've been through where the copy-pasta developers would delete criticism through custom made scripts, just so they can keep the scam going. When you are holding those heavy 'Louis Crypton' bags you tend to transform into a sad evil fuck.  Anyways, when a stupid and deluded piece of garbage bull is telling me to jump... I spit in his face |
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NotLambchop
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January 18, 2015, 09:38:49 PM |
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... or quantity of goods in the market place changing can effect price level.. causing inflation...
It's exactly that simple. If you don't understand or disagree with something I said, please quote it. Also: marketplace affect "." (period) or "..." (ellipsis), ".." is just fail. Because spelink counts!  |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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January 18, 2015, 09:39:17 PM |
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Dump3er
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January 18, 2015, 09:40:11 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. Now that is a very interesting idea. But actually all that is needed is a consensus ignore/ban facility and newbie jail or an invite only system. I´m no Newbie, neither my friend NotLambChop! And if they would implement an invite-only-system for sure you would invite me, not?  There´s nothing better on the internet than trolling bitcoin-bull-threads,... ...okay, there is. But neverthless. |
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LittleDigger
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January 18, 2015, 09:49:28 PM |
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... or quantity of goods in the market place changing can effect price level.. causing inflation...
It's exactly that simple. If you don't understand or disagree with something I said, please quote it. Also: marketplace affect "." (period) or "..." (ellipsis), ".." is just fail. Because spelink counts! Awwww... Don't feel threatened, I was remarking on a conversation with more than one participant. I might not have been referring to a comment made by you. From the "git-go" and all that "shit" |
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JimboToronto
Legendary
Offline
Activity: 4046
Merit: 4603
You're never too old to think young.
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January 18, 2015, 09:50:23 PM |
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There´s nothing better on the internet than trolling bitcoin-bull-threads,...
...okay, there is.
Damn right there is... ridiculing foolish beartards who take themselves oh so seriously. |
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Dump3er
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January 18, 2015, 09:51:29 PM |
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What about our longterm trendlines? Have the bulls found a new trendline bears can break, after we now have broken all posted trendline of the last 14 months?
We need a new goal.
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NotLambchop
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January 18, 2015, 09:52:30 PM |
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... or quantity of goods in the market place changing can effect price level.. causing inflation...
It's exactly that simple. If you don't understand or disagree with something I said, please quote it. Also: marketplace affect "." (period) or "..." (ellipsis), ".." is just fail. Because spelink counts! Awwww... Don't feel threatened, I was remarking on a conversation with more than one participant. I might not have been referring to a comment made by you. From the "git-go" and all that "shit" >threatened  |
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