yefi
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Activity: 2842
Merit: 1511
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September 14, 2015, 05:43:50 PM
Last edit: September 15, 2015, 02:41:31 AM by yefi |
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You see, those scammers had to work with gold, because bitcoin had not been invented yet.  lol As I wrote already, I was referring to Gresham's Law (aka Copernicus's Law). It is stated in terms of face value vs intrinsic value, but the phenomenon applies to bitcoin vs national money: if a currency is [ perceived as being ] more solid than another, people will hoard one and spend the other. Did Copernicus and Gresham really think that a currency must have inflation to prevent hoarding? If anything, they seemed to have wanted to prevent debasement, and thus prevent hoarding while maintaining the stability of money. In Gresham's case, the debasement of the shilling under Henry VIII was blamed for the loss of the Crown's silver in Elizabethan England, so he hardly seemed enamoured of the idea. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 06:02:06 PM |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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September 14, 2015, 06:04:21 PM |
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Not a velocity calculator, it's a rosy nonsense generator, a bitcoin fap machine.
Quick test: Zero out all the variables (other than "number of bitcoins mined), and today's price is $480.
One of the variables it [clumsily attempts] to include is velocity.
Zero out all variables except for number of bitcoins mined and it shows $0.00 I'm beginning to suspect that everyone here is trolling me. Instead of the other way around? |
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LFC_Bitcoin
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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September 14, 2015, 06:13:46 PM |
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There seens to be something in the air. I predict a march to 250 by thecend of the week. We've been going sideways 'ish' for quite a while now. I think it's time to go up again, let's see what the week holds.
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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September 14, 2015, 06:40:24 PM |
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 dootitoodeloo,dootitoodeloo,dootitoodeloo,dootitoodeloo, BABABAABIIBAABIIBABABAAAA!!!! |
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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September 14, 2015, 06:47:38 PM |
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Funny. If you slide "Volatility Fears" up to 30%, which sounds fair, you get $245. |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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September 14, 2015, 06:50:38 PM |
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Not a velocity calculator, it's a rosy nonsense generator, a bitcoin fap machine.
Quick test: Zero out all the variables (other than "number of bitcoins mined), and today's price is $480.
One of the variables it [clumsily attempts] to include is velocity.
Zero out all variables except for number of bitcoins mined and it shows $0.00 ... My mistake, guess didn't slide one of the sliders enough. Is it that website that got you confused about money velocity? Because sliding the velocity slider all the way to "0%" gives you the largest value (and sliding it to "100%" the lowest)? Have you asked yourself what "0%" and "100%" money velocity means? Or why it's a percentage? Care to share? RTFM I provided a link to a video (you don't even have to read) that explains that calculator. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 07:02:03 PM |
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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September 14, 2015, 07:24:33 PM |
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Not a velocity calculator, it's a rosy nonsense generator, a bitcoin fap machine.
Quick test: Zero out all the variables (other than "number of bitcoins mined), and today's price is $480.
One of the variables it [clumsily attempts] to include is velocity.
Zero out all variables except for number of bitcoins mined and it shows $0.00 ... My mistake, guess didn't slide one of the sliders enough. Is it that website that got you confused about money velocity? Because sliding the velocity slider all the way to "0%" gives you the largest value (and sliding it to "100%" the lowest)? Have you asked yourself what "0%" and "100%" money velocity means? Or why it's a percentage? Care to share? RTFM I provided a link to a video (you don't even have to read) that explains that calculator. But does it explain videos? |
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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September 14, 2015, 07:28:27 PM |
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Come on price! MOVE IT!!!  |
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Meuh6879
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Activity: 1512
Merit: 1011
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September 14, 2015, 07:41:07 PM |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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September 14, 2015, 07:50:03 PM |
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Good afternoon Bitcoinland. Been away for while but see things haven't changed much.
Down maybe $10 since I last looked and most of that seems to have happened yesterday.
Ho hum.
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 08:02:09 PM |
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JayJuanGee
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 Online
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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September 14, 2015, 08:11:21 PM |
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That does NOT look like a prediction, and instead it looks like a depiction of the past, with some kind of weird 2010 anomaly. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 09:02:17 PM |
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ChartBuddy
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 10:02:06 PM |
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ChartBuddy
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 14, 2015, 11:02:04 PM |
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BlindMayorBitcorn
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Activity: 1260
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September 14, 2015, 11:20:26 PM |
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Good afternoon Bitcoinland. Been away for while but see things haven't changed much.
Down maybe $10 since I last looked and most of that seems to have happened yesterday.
Ho hum.
Too much baseball? Too little watching Bitcoin on the internet? That $10 could be your fault  |
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ChartBuddy
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 15, 2015, 12:02:02 AM |
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BlindMayorBitcorn
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September 15, 2015, 12:44:27 AM |
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