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Laosai
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February 23, 2016, 06:00:52 PM |
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Where's the moon I was promised
The webbot says: soon.  Well, if webbot says so, who am I to deny it? |
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ChartBuddy
Legendary
 Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 23, 2016, 06:00:53 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 23, 2016, 06:03:29 PM |
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ah fucking hell wtf.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 23, 2016, 06:05:04 PM
Last edit: February 23, 2016, 07:05:46 PM by billyjoeallen |
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I read it. Core devs see themselves as artists, that is why they are uncompromising. True but superbearish. Like I said, the best code doesn't win. The best value code wins just like MSDOS beat AppleOS in the 19980s despite being crappy code. |
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tomothy
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February 23, 2016, 06:05:48 PM |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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February 23, 2016, 06:06:49 PM |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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February 23, 2016, 06:08:10 PM |
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Where's the moon I was promised
Maybe it's a special kind of moon?  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 23, 2016, 06:13:10 PM |
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years ago there was a manipulator with ~500,000Coins, he got #rect and so will this guy.
they rekt billyjoe shorts... i mean they killed kenny again . No, they didn't rek my hedge yet. A hedge is a bet you want to lose, like buying life insurance. |
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bargainbin
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February 23, 2016, 06:19:04 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 23, 2016, 06:24:59 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address |
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mOgliE
Legendary
Offline
Activity: 1344
Merit: 1251
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February 23, 2016, 06:25:41 PM |
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years ago there was a manipulator with ~500,000Coins, he got #rect and so will this guy.
they rekt billyjoe shorts... i mean they killed kenny again . No, they didn't rek my hedge yet. A hedge is a bet you want to lose, like buying life insurance. Well, they killed mine :-/ |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 23, 2016, 06:41:31 PM |
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What is SUPPOSED to happen according to economic theory is that as quantity of money creation decreases (halvings), velocity of money (transactions) is supposed to go up to compensate, maintaining the balance of MV=PQ. This clearly cannot happen if scaling is slower than halvings.
Somebody please tell me the error of my thinking, or a slow liquidation becomes a serious consideration.
1) They don't effect the velocity (v). They effect the quantity (M). So because MV=PQ, a decrease in M MUST be compensated by a proportional increase in V in order for the equation to balance out. If it doesn't, then either price or quantity (or both) on the other side must adjust.
ok. I see where you're going wrong. The equation of exchange is a real identity. So you can actually put anything you like in for those variables, but when you do, you get a certain interpretation of the rest. In your first reference to it above, you used the money supply creation rate instead of the money supply. As a result, you're looking at a strange definition of 'velocity'. Yours is something like 'average number of transactions per CREATED money unit per unit time' - that's just plain weird. In the second reference you made above, you used a more normal M which gives a meaningful 'velocity' to discuss. But in this reference, you've continued the wrong idea about M from the first reference. There's no decrease in M as a result of halvings. Ok, that makes sense. Thank you. So let's look at M as meaning the full 21 million bitcoins ever to be mined. M is constant, but as we approach this limit, we also approach the V limit of 1GB blocks or whatever. At some point in the future around 2040 at the latest, there will be no more real movement on the left hand side of the equation, right? |
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bargainbin
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February 23, 2016, 06:45:03 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address No no no, no time to explain, run to ATM now! |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 23, 2016, 06:47:04 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address No no no, no time to explain, run to ATM now! 395 Avenue Dorval, Dorval, QC H9S 3H6 lets meet for a friendly chat ill come to you if you prefer. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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February 23, 2016, 06:49:48 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address No no no, no time to explain, run to ATM now! 395 Avenue Dorval, Dorval, QC H9S 3H6 lets meet for a friendly chat A gas station in the middle of nowhere. Bitcoiners. |
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bargainbin
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February 23, 2016, 06:51:24 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address No no no, no time to explain, run to ATM now! 395 Avenue Dorval, Dorval, QC H9S 3H6 lets meet for a friendly chat I dunno...  I don't wanna get roughed up or nothing... You look pretty badass in your pics... and in Canada... that's a dangerous neighborhood... Too scairt. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 23, 2016, 06:55:17 PM |
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ah fucking hell wtf.
GF's debit card stashed between pages of Atlas Shrugged, new PIN on p. 36. Double down. GL! PM your physical address No no no, no time to explain, run to ATM now! 395 Avenue Dorval, Dorval, QC H9S 3H6 lets meet for a friendly chat I dunno... I don't wanna get roughed up or nothing... You look pretty badass in your pics... and in Canada... that's a dangerous neighborhood... Too scairt. dude come on its in public wtf am i going to do? |
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matrix zion
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February 23, 2016, 06:57:21 PM |
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Where's the moon I was promised
Maybe it's a special kind of moon? Maybe a special kind of moon that is well known for being down if you know what I mean  More seriously, I don't really understand what's happening... Oh I know, it's bitcoin, I wasn't expecting to be precisly right and all... But nearly everyone was talking about a huge momentum and a big upper trend and whatever. Well shit yeah ^^ |
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JimboToronto
Legendary
Offline
Activity: 4046
Merit: 4603
You're never too old to think young.
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February 23, 2016, 06:58:11 PM |
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A very late good morning Bitcoinland. Down by $20 I see, which amounts to 4.5% dip.
Too bad it's not quite enough for me to consider buyable. Just an annoying little speed bump on the road up.
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