Bitcoin Forum
September 28, 2021, 02:45:57 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Y'all are traitors, thinking of BTC value as related to USD  (Read 101 times)
daweller
Member
**
Offline Offline

Activity: 68
Merit: 10


View Profile
December 22, 2017, 04:10:42 AM
 #1

When I think of one Bitcoin... that is ALL I think about!
To think any further is traitorous.
i.e. Bob says " well, if Bitcoin hits $10,000 US, I'm gonna sell some and buy a new car "

It's unacceptable to think in terms of fiat.
Show some loyalty, and when you talk about Bitcoin, that should be it.

example. Bill says " I have 2 Bitcoins. Gonna buy some burgers now. "
1632840357
Hero Member
*
Offline Offline

Posts: 1632840357

View Profile Personal Message (Offline)

Ignore
1632840357
Reply with quote  #2

1632840357
Report to moderator
1632840357
Hero Member
*
Offline Offline

Posts: 1632840357

View Profile Personal Message (Offline)

Ignore
1632840357
Reply with quote  #2

1632840357
Report to moderator
1632840357
Hero Member
*
Offline Offline

Posts: 1632840357

View Profile Personal Message (Offline)

Ignore
1632840357
Reply with quote  #2

1632840357
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1632840357
Hero Member
*
Offline Offline

Posts: 1632840357

View Profile Personal Message (Offline)

Ignore
1632840357
Reply with quote  #2

1632840357
Report to moderator
1632840357
Hero Member
*
Offline Offline

Posts: 1632840357

View Profile Personal Message (Offline)

Ignore
1632840357
Reply with quote  #2

1632840357
Report to moderator
jseverson
Hero Member
*****
Offline Offline

Activity: 1820
Merit: 756


View Profile
December 22, 2017, 04:19:19 AM
 #2

Why would it be traitorous? Bitcoin's value is dictated by USD. That's a fact. You can believe in Bitcoin and still look at it in terms of USD. That's how it's going to be for as long as Bitcoin remains an alternative means of payment. You can't gauge its value otherwise.

But hey, if you're willing to buy a burger for 2 Bitcoins, I have a few I'd like to sell you.

daweller
Member
**
Offline Offline

Activity: 68
Merit: 10


View Profile
December 22, 2017, 04:24:07 AM
 #3

Why would it be traitorous? Bitcoin's value is dictated by USD. That's a fact. You can believe in Bitcoin and still look at it in terms of USD. That's how it's going to be for as long as Bitcoin remains an alternative means of payment. You can't gauge its value otherwise.

But hey, if you're willing to buy a burger for 2 Bitcoins, I have a few I'd like to sell you.

I just realized that my thread is pointless. I should delete it, but I will keep it here as a lesson to future posters.

Whespers78
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
December 22, 2017, 09:33:39 AM
 #4

bitcoin  used as alt payment system and need to check related to USD .

in future we we make deal with bitcoin only it’s price will not count
buwaytress
Legendary
*
Online Online

Activity: 1848
Merit: 1749


Join the world-leading crypto sportsbook NOW!


View Profile
December 22, 2017, 09:40:32 AM
 #5

When I think of one Bitcoin... that is ALL I think about!
To think any further is traitorous.
i.e. Bob says " well, if Bitcoin hits $10,000 US, I'm gonna sell some and buy a new car "

It's unacceptable to think in terms of fiat.
Show some loyalty, and when you talk about Bitcoin, that should be it.

example. Bill says " I have 2 Bitcoins. Gonna buy some burgers now. "

Come on, now. Only the earliest adopters can ever have claimed to think of it that way. And when people first started putting a value to it, of course they assigned a fiat value. You want to say burgers, pizza? The very first dollar value was assigned based on the electricity cost to generate it, and perhaps this is one of the underlying factors that continues to determine prices, at least when miners generate new coins and put it on the market.

Of course I agree that mere price speculation is harmful to Bitcoin, but I would suppose we can't live without the market. It is perfectly acceptable to think in terms of fiat - for now. Perhaps one day people will think of fiat in terms of Bitcoin, but that day is far away and needs maturity.

P.S. If Bob wants some burgers for a couple of Bitcoins, hit me up. I'll throw in some drinks too. A week's supply since I'm generous.

jayc89
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 23, 2017, 05:23:39 PM
 #6

When I think of one Bitcoin... that is ALL I think about!
To think any further is traitorous.
i.e. Bob says " well, if Bitcoin hits $10,000 US, I'm gonna sell some and buy a new car "

It's unacceptable to think in terms of fiat.
Show some loyalty, and when you talk about Bitcoin, that should be it.

example. Bill says " I have 2 Bitcoins. Gonna buy some burgers now. "
I wouldn't call them traitors because mostly anything in the world can be bartered for another item.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Chris314
Sr. Member
****
Offline Offline

Activity: 658
Merit: 266


View Profile
December 23, 2017, 05:40:40 PM
 #7

We're not traitors, but we compare bitcoin to the money we use daily, because it is how we valuate goods. The day everything will be priced in Bitcoins we won't talk with usd or € anymore.

Win Free Bitcoins every hour! - www.freebitco.in
free BTC every hour multiply hi-lo weekly lottery WIN a Lamborghini 30,000 usd contest BET on various events! 4% APR interest
★★★ 50% of my referral earnings back to you each week ★★★
1bitcoinsnet
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
December 23, 2017, 05:45:47 PM
 #8

As Warren Buffet explained BTC is not a currency.

He says u do a deal it's not based on BTC, since the price is so volatile.

You say okay X dollars or X barrels of oil.

If you say X Bitcoins it changes every minute, a real currency or commodity stands on its own merits, BTC is based solely on USD value or other currency values, it's not a currency, to educated business men the statement BTC is a currency makes them laugh at you.

So you're right, everyone looks at crypto through the lense of Fiat.

Now new crypto is looked at in relation to BTC.

Good point even if it was sarcastic.
The Pharmacist
Legendary
*
Offline Offline

Activity: 2380
Merit: 4537


>>Proudly cycling merits for Team Foxpup<<


View Profile
December 23, 2017, 05:52:15 PM
 #9

Why would it be traitorous? Bitcoin's value is dictated by USD. That's a fact. You can believe in Bitcoin and still look at it in terms of USD. That's how it's going to be for as long as Bitcoin remains an alternative means of payment. You can't gauge its value otherwise.

But hey, if you're willing to buy a burger for 2 Bitcoins, I have a few I'd like to sell you.

I just realized that my thread is pointless. I should delete it, but I will keep it here as a lesson to future posters.


It is pointless--and you can't delete it, but you should lock it. 

Shit is priced in fiat, including bitcoin. You're a blind zealot if you don't see that, not some dick-waving bitcoin superfan or whatever it is you're trying to come off as.

scottykarate
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
December 23, 2017, 06:19:20 PM
 #10

When I think of one Bitcoin... that is ALL I think about!
To think any further is traitorous.
i.e. Bob says " well, if Bitcoin hits $10,000 US, I'm gonna sell some and buy a new car "

It's unacceptable to think in terms of fiat.
Show some loyalty, and when you talk about Bitcoin, that should be it.

example. Bill says " I have 2 Bitcoins. Gonna buy some burgers now. "

For Bitcoin to have value to be used as a currency, which seems to be the crux of your argument, it has to have value. Where does that valuation come from?
What is the currency widely held as the world currency for lack of a better term?
sobriket
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
December 23, 2017, 06:21:26 PM
 #11

I dont think that there is any problem with that, we all think about fiat money when we want to sell because that is the only that we can use to buy/sell stuff at the moment.
If bitcoin gets implemented on the society the terms that you are talking about could be easily implemented.
tora
Member
**
Offline Offline

Activity: 532
Merit: 13


View Profile
December 23, 2017, 06:25:00 PM
 #12

If you bought using fiat then it is natural to compare up to date price of bitcoin with fiat to see profit or loss.
tyuner4
Full Member
***
Offline Offline

Activity: 322
Merit: 179


View Profile
December 23, 2017, 06:25:32 PM
 #13

I don’t think tagging a price to BTC is considered as traitor. We will need a price to know what is the value of BTC, just like gold or any assets.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!