Anon136
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Activity: 1722
Merit: 1217
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August 10, 2013, 03:42:54 PM
Last edit: August 10, 2013, 04:01:14 PM by Anon136 |
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When the dollar collapses, the price of bitcoin will explode overnight   SMH.... IF the dollar collapses, we won't have any need for Bitcoin because everyone will be broke. Secondly, Bitcoins are not "worth" $100. $30-$50 is still extremely high for something you can't spend. money isnt value its self, its simply a proxy for value. having money become worthless doesnt make the vegetables in your garden worthless, or the furniture in your house, or your car. those things will still exist and a new medium of exchange will rise to facilitate trade. That medium will act as a proxy for the same value that the dollar used to act as a proxy for. The thinking that life will go on as normal if the dollar was to collapse, is just silly. strawman, i never made the claim that life would go on as normal after a dollar collapse. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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lucas.sev
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August 10, 2013, 03:49:32 PM |
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Bitcoin is only as good as the fiat it can be converted into. Remember that.  Bitcoin is as good as the items it can exchanged for. Drugs and miners. |
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Notanon
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August 10, 2013, 04:30:33 PM |
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Making it easier for merchants to integrate Bitcoin into their payment options, such as an automated exchange into USD or fiat currencies using the best current exchange rates at the time of transaction, would really light a fire under the price. It's as simple as that, when you really think about it.
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Coinseeker
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August 10, 2013, 05:02:05 PM |
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Making it easier for merchants to integrate Bitcoin into their payment options, such as an automated exchange into USD or fiat currencies using the best current exchange rates at the time of transaction, would really light a fire under the price. It's as simple as that, when you really think about it.
That's a pretty good advertisement for Ripple.  |
If your ignore button isn't glowing, you're doing it wrong.
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Coinseeker
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August 10, 2013, 05:06:33 PM |
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strawman, i never made the claim that life would go on as normal after a dollar collapse.
It's not a strawman as that's exactly what you insinuated. The dollar will collapse and Bitcoin will be used as a "proxy for the same value", as if no big deal Easy as changing underwear. Notice you ignored the Achilles heel too. Typical. Bottomline, I think Bitcoin is awesome but it's not ready to be a world currency. |
If your ignore button isn't glowing, you're doing it wrong.
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Notanon
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August 10, 2013, 05:12:07 PM |
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Making it easier for merchants to integrate Bitcoin into their payment options, such as an automated exchange into USD or fiat currencies using the best current exchange rates at the time of transaction, would really light a fire under the price. It's as simple as that, when you really think about it.
That's a pretty good advertisement for Ripple. Would prefer a more KISS approach. Ripple kind of misses the point with its approach. Either way, making it easier to be used for other forms of online payment in a way that's more akin to Paypal is really what's needed. |
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Coinseeker
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August 10, 2013, 05:22:52 PM |
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Making it easier for merchants to integrate Bitcoin into their payment options, such as an automated exchange into USD or fiat currencies using the best current exchange rates at the time of transaction, would really light a fire under the price. It's as simple as that, when you really think about it.
That's a pretty good advertisement for Ripple. Would prefer a more KISS approach. Ripple kind of misses the point with its approach. Either way, making it easier to be used for other forms of online payment in a way that's more akin to Paypal is really what's needed. I agree it needs to be simpler. I'd lookout for upcoming gateways to provide these simpler feature sets, more akin to Paypal. |
If your ignore button isn't glowing, you're doing it wrong.
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BitCoiner2012
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August 10, 2013, 07:33:07 PM |
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When the dollar collapses, the price of bitcoin will explode overnight SMH.... IF the dollar collapses, we won't have any need for Bitcoin because everyone will be broke. Secondly, Bitcoins are not "worth" $100. $30-$50 is still extremely high for something you can't spend. ? Writing is the wall for the fiat.. |
BTC Long.
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CMMPro
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August 10, 2013, 11:34:19 PM |
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^It was doomed from the very beginning, the US dollar has failed (a few times) in the past.
1779, 1862, 1934, 1979(?), 201X(?)
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stslimited
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August 11, 2013, 07:01:25 PM |
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the price of bitcoin is stagnating because all of these IPOs are liquidating people's bitcoins for fiat to begin operations. These are the largest traders right now.
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