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NotLambchop
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November 30, 2014, 10:17:53 PM |
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Nonsense, there are infinite perspectives.
Over the past 24 hours bitcoin has proven a better investment than fiat.
We can both pick any part of the fractal to agree with our own stance.
Fiat is a faith based money, anyone with half a brain knows fiat is not tenable in the long term. It's issuance is controlled by a few families who are FAR richer than us, their wealth wasn't accrued through labor.
You should study some history rather than browsing my little pony sites.
Over the past year, holding Bitcoin has provided a 0% risk of being confiscated via negative interest rates. http://www.zerohedge.com/news/2014-11-29/financial-terrorists-road-krugman-and-rogoff-peddling-toxic-adviceThe increase in purchasing power of fiat relative to Bitcoin over the last year has correspond with an increased amount of risk. Whether or not that makes Bitcoin or fiat a "better" investment depends on one's preferences. @Cortex7: Over the past year, Bitcoin has proven itself to be a horrendous store of value, losing ~65% of its buying power. Your bit about "a few families [controlling fiat]" makes it clear that, with your understanding of economics, all would benefit if you spent your idle time "browsing my little pony sites" instead of posting your ignorant, paranoid drivel in adult fora. @justusranvier: There was no "increase in purchasing power of fiat" over the past year. My dollar doesn't buy any more than it did one year ago. There was a decrease in Bitcoin's buying power, tho. ~65%. Nice going. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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BlindMayorBitcorn
Legendary
 Offline
Activity: 1260
Merit: 1115
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November 30, 2014, 10:19:45 PM |
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@NotLambchop:  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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brg444
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November 30, 2014, 10:20:22 PM |
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Nonsense, there are infinite perspectives.
Over the past 24 hours bitcoin has proven a better investment than fiat.
We can both pick any part of the fractal to agree with our own stance.
Fiat is a faith based money, anyone with half a brain knows fiat is not tenable in the long term. It's issuance is controlled by a few families who are FAR richer than us, their wealth wasn't accrued through labor.
You should study some history rather than browsing my little pony sites.
Over the past year, holding Bitcoin has provided a 0% risk of being confiscated via negative interest rates. http://www.zerohedge.com/news/2014-11-29/financial-terrorists-road-krugman-and-rogoff-peddling-toxic-adviceThe increase in purchasing power of fiat relative to Bitcoin over the last year has correspond with an increased amount of risk. Whether or not that makes Bitcoin or fiat a "better" investment depends on one's preferences. @Cortex7: Over the past year, Bitcoin has proven itself to be a horrendous store of value, losing ~65% of its buying power. Your bit about "a few families [controlling fiat]" makes it clear that, with your understanding of economics, all would benefit if you spent your idle time "browsing my little pony sites" instead of posting your ignorant, paranoid drivel in adult fora. @justusranvier: There was no "increase in purchasing power of fiat" over the past year. My dollar doesn't buy any more than it did one year ago. There was a decrease in Bitcoin's buying power, tho. ~65%. Nice going. subjective timeframe is subjective |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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NotLambchop
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November 30, 2014, 10:28:53 PM |
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^There is no such thing as a "subjective timeframe." In logic nerd terms, what you maked thar is an ill-formed statement.
If you wish to suggest the timeframe is random, you're wrong. Nothing random about choosing a year when discussing yearly inflation.
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brg444
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November 30, 2014, 10:36:50 PM |
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^There is no such thing as a "subjective timeframe." In logic nerd terms, what you maked thar is an ill-formed statement.
If you wish to suggest the timeframe is random, you're wrong. Nothing random about choosing a year when discussing yearly inflation.
Well how about I suggest discussing historical inflation. |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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NotLambchop
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November 30, 2014, 10:48:19 PM |
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You can suggest it, though that's not what is being currently discussed. Further, Bitcoin's lifespan is so laughably short, "historical" was probably not the word you were looking for  |
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 30, 2014, 11:17:47 PM |
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nice gap down, baby. Gold collapsing. Bitcoin UP:  |
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brg444
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November 30, 2014, 11:18:54 PM |
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You can suggest it, though that's not what is being currently discussed. Further, Bitcoin's lifespan is so laughably short, "historical" was probably not the word you were looking for And a year is even more short. Bottom line is the purchasing power of Bitcoin over USD has considerably increased over its lifetime. Maybe you'd like to read gain what Cortex posted : Nonsense, there are infinite perspectives.
Over the past 24 hours bitcoin has proven a better investment than fiat.
We can both pick any part of the fractal to agree with our own stance.
Your perspective is supported by a laughably short sample of time in the context of store of value. |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 30, 2014, 11:26:21 PM |
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remember the VIX chart i posted on Friday? it looks like we're due for a new bit of volatility in equity markets. i also would suggest that a rising USD, which is continuing tonite, is BAD for stocks in the long run. money is debt and debt is money. since most stock bulls are fueled by debt, a rising USD severely limits returns in stocks. a lot of factors are coming into convergence right about now which could propel Bitcoin upwards:  |
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 30, 2014, 11:38:35 PM |
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now this is ugly:  |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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November 30, 2014, 11:42:21 PM |
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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brg444
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November 30, 2014, 11:46:25 PM |
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Silver down  |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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NotLambchop
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November 30, 2014, 11:48:48 PM |
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You can suggest it, though that's not what is being currently discussed. Further, Bitcoin's lifespan is so laughably short, "historical" was probably not the word you were looking for And a year is even more short. Bottom line is the purchasing power of Bitcoin over USD has considerably increased over its lifetime. Yes. At inception, BTC was worth zero, nothing. Any price increase from zero constitutes an infinite appreciation. Nice to know you can math. Maybe you'd like to read gain what Cortex posted : Nonsense, there are infinite perspectives.
Over the past 24 hours bitcoin has proven a better investment than fiat.
We can both pick any part of the fractal to agree with our own stance.
Your perspective is supported by a laughably short sample of time in the context of store of value. I use the past year when discussing yearly inflation. What is it you still find unusual/difficult to understand here? |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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November 30, 2014, 11:49:20 PM |
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Silver down Should we be buying these dumps? |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 30, 2014, 11:49:34 PM |
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waaaaaaaaa i weep. my precious ZSL and DZZ:   |
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cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
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November 30, 2014, 11:50:24 PM |
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Silver down Should we be buying these dumps? yes. buy Bitcoin as fast as you can. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 30, 2014, 11:52:01 PM |
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Silver down Should we be buying these dumps? yes. buy Bitcoin as fast as you can. I already doubled down like a fiend. But about phyzz... |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
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November 30, 2014, 11:56:23 PM |
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Silver down Should we be buying these dumps? yes. buy Bitcoin as fast as you can. I already doubled down like a fiend. But about phyzz... if you want to buy, buy ZSL and DZZ. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 30, 2014, 11:59:46 PM |
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Silver down Should we be buying these dumps? yes. buy Bitcoin as fast as you can. I already doubled down like a fiend. But about phyzz... if you want to buy, buy ZSL and DZZ. There's only so far gold can dump. I don't know how far that is, but we must be getting warm by now |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
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December 01, 2014, 12:01:22 AM |
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Silver down Should we be buying these dumps? yes. buy Bitcoin as fast as you can. I already doubled down like a fiend. But about phyzz... if you want to buy, buy ZSL and DZZ. There's only so far gold can dump. I don't know how far that is, but we must be getting warm by now yes, gold bugs are doing a dump right now; into their pants. that's the warm, sticky feeling they're getting. |
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