Gyrsur
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November 12, 2015, 04:28:10 PM |
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BITCOIN SALE:
Buy 2 bitcoins (at $500 each) get the third FREE!!!
1. buy 3 BTC @ 300$ 2. sell 2 BTC @ 500$ + 1 BTC bonus for free 3. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 4. Profit!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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xyzzy099
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November 12, 2015, 04:28:34 PM |
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when people start basing their arguments on "all the in the universe" time to hit the bottle
what's next? in all of the universes?
good point. Pig production is limited by the amount of matter in a FINITE universe. Now lets discuss the properties of spherical chickens in a vacuum! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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GGALINff
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November 12, 2015, 04:34:40 PM |
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when people start basing their arguments on "all the in the universe" time to hit the bottle
what's next? in all of the universes?
good point. Pig production is limited by the amount of matter in a FINITE universe. Now lets discuss the properties of spherical chickens in a vacuum! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) there would be insatiable demand if all the aliens in the finite universe were allowed to use bitcoin at Popeye's
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Richy_T
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November 12, 2015, 04:35:04 PM |
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when people start basing their arguments on "all the in the universe" time to hit the bottle
what's next? in all of the universes?
good point. Pig production is limited by the amount of matter in a FINITE universe. I think this argument has gone off the rails. I think it might be better served by using "inelastic supply" rather than "scarcity". (Though there's a 37% chance that muddies things even further)
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adamstgBit
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November 12, 2015, 04:36:04 PM |
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volume will die down and price will melt up.
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Richy_T
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November 12, 2015, 04:36:33 PM |
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Now lets discuss the properties of spherical chickens in a vacuum! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Dyson or Hoover?
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makeacake
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November 12, 2015, 04:39:15 PM |
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when people start basing their arguments on "all the in the universe" time to hit the bottle
what's next? in all of the universes?
good point. Pig production is limited by the amount of matter in a FINITE universe. I think this argument has gone off the rails. I think it might be better served by using "inelastic supply" rather than "scarcity". It has, awhile ago. I initially simply meant to point out that scarcity != artificial scarcity. Trivial stuff, not sure why people raise such a ruckus ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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xyzzy099
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November 12, 2015, 04:40:18 PM |
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Now lets discuss the properties of spherical chickens in a vacuum! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Dyson or Hoover? Well, I think a more fundamental question is "bag or bag-less"? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Richy_T
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November 12, 2015, 04:40:48 PM |
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It has, awhile ago. I initially simply meant to point out that scarcity != artificial scarcity. Trivial stuff, not sure why people raise such a ruckus ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) It depends. They can be equivalent in some circumstances. The artificial scarcity introduced by copyright allowed companies to charge very high prices for music and movies.
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billyjoeallen
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November 12, 2015, 04:43:32 PM |
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when people start basing their arguments on "all the in the universe" time to hit the bottle
what's next? in all of the universes?
good point. Pig production is limited by the amount of matter in a FINITE universe. I think this argument has gone off the rails. I think it might be better served by using "inelastic supply" rather than "scarcity". (Though there's a 37% chance that muddies things even further) Right. It's important to ask "how elastic is inelastic?" It's not binary. An economist always has to ask "as compared to what?" Elastic supply relative to demand with demand being variable.
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makeacake
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November 12, 2015, 04:44:07 PM |
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It has, awhile ago. I initially simply meant to point out that scarcity != artificial scarcity. Trivial stuff, not sure why people raise such a ruckus ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) It depends. They can be equivalent in some circumstances. The artificial scarcity introduced by copyright allowed companies to charge very high prices for music and movies. Sure. Also allowed Ty Warner to charge more for Beanie Babies, and Bitcoiners to charge more for their 'coins' (much to the same end effect ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ) What I'm trying to say is scarcity doesn't need to be artificial, so yeah, using != was sloppy and downright wrong.
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GGALINff
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November 12, 2015, 04:44:37 PM |
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GBTC premium to underlying is up to approx 37% at last trade price
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adamstgBit
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November 12, 2015, 04:44:59 PM |
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once we've established a clear upward trend, coin-scarcity will go up exponentially, we are at the very beginnings of this happening.
>500 is no longer a sell signal
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LFC_Bitcoin
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November 12, 2015, 04:49:16 PM |
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once we've established a clear upward trend, coin-scarcity will go up exponentially, we are at the very beginnings of this happening.
>500 is no longer a sell signal
32,000 USD bitcoin's in the run up to the halving in 2020.
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billyjoeallen
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November 12, 2015, 04:49:49 PM |
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It has, awhile ago. I initially simply meant to point out that scarcity != artificial scarcity. Trivial stuff, not sure why people raise such a ruckus ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) It depends. They can be equivalent in some circumstances. The artificial scarcity introduced by copyright allowed companies to charge very high prices for music and movies. You seem to be missing the point of the whole discussion. Artificial scarcity results in artificially high prices given a constant demand. Artificial scarcity can reduce demand if the higher prices make an alternative relatively more attractive.
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billyjoeallen
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November 12, 2015, 04:52:12 PM |
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once we've established a clear upward trend, coin-scarcity will go up exponentially, we are at the very beginnings of this happening.
>500 is no longer a sell signal
are full blocks, higher xaction fees and six hour confirmations a sell signal?
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Richy_T
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November 12, 2015, 04:56:46 PM |
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You seem to be missing the point of the whole discussion. Artificial scarcity results in artificially high prices given a constant demand. Artificial scarcity can reduce demand if the higher prices make an alternative relatively more attractive.
To be honest, I've forgotten how the discussion started amongst images of a universe filled with pigs.
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adamstgBit
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November 12, 2015, 04:56:52 PM |
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once we've established a clear upward trend, coin-scarcity will go up exponentially, we are at the very beginnings of this happening.
>500 is no longer a sell signal
are full blocks, higher xaction fees and six hour confirmations a sell signal? no the implementation of the solution to these self imposed limitation and subsequent market reaction (32,000$), is the sell signal.
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adamstgBit
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November 12, 2015, 04:59:39 PM |
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bitcoin is a hot potato, if you want to win you HODL till you hands are on fire, then you HODL some more, at one point your hands have disintegrated and you drop the potato.
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