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Author Topic: Buy and hold? I don't think so!  (Read 2877 times)
hazek
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March 19, 2012, 12:33:25 AM
 #21

heh

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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notme
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March 19, 2012, 12:35:40 AM
 #22

That's why I said they a SIMILARLY divisible. You cannot say gold can't be divided down to say 0.1g, it's indisputable that it can. The theoretical limit of divisibility of gold is down to a single atom. It isn't as practicable as with Bitcoin and it's way more limited than it is with Bitcoin. But it is possible and that's all I was trying to say with the adjective similarly. If I was trying to claim there is no difference I would have used the adjective EQUALLY.

And to answer that other question, you're damn right if I had no other choice to buy some food and all I had was 50g gold bars I would have shaved one off a bit.


But my main point in mentioning the divisibility was that art and diamonds in comparison aren't at all. Meaning art and diamonds you either own them or you have to sell them while gold and bitcoins you can save the majority but only sell a small portion if you need to which spreads them around which is something the OP was arguing isn't happening because people are hoarding.

Now can we stop this on the level of the intelligence of a 9 year old discussion, pretty please?

Why so hostile.  His point is it is hard to accurately divide, and you haven't countered that point.  Yes, it is theoretically divisible to a single atom, but practically it is a pain in the ass to divide.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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hazek
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March 19, 2012, 12:43:50 AM
 #23

heh

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
hazek
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March 19, 2012, 12:45:38 AM
 #24

heh

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
notme
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March 19, 2012, 12:47:41 AM
 #25

His point is it is hard to accurately divide, and you haven't countered that point.  

Really? This what I'm talking about. Why would I need to even counter something so obviously wrong? Ever heard of this weird invention?:



Right... and with the 10 5 gram precision that thing has, your value will be within $500 250 of the actual value you are trying to obtain Roll Eyes.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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cbeast
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March 19, 2012, 01:07:40 AM
 #26

i know you know pm's are not similarly divisible in that how do u slice up a gold bar to pay for a candy bar?

I thought I expressed myself fairly accurately by using the adjective "similarly" instead of "equally". And if you think buying say a loaf of bread with gold is impossible because it's not divisible enough then I suggest you watch this: http://www.youtube.com/watch?v=7ubJp6rmUYM
In situations like this, when the gold runs out it usually isn't long before there is a high frequency exchange of lead instead.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
triplehelix
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March 19, 2012, 03:57:47 AM
 #27

the difference between gold and bitcoin is that the global market and support system for gold is and has been in place for many many years, and its huge.

bitcoin is still fragile.  if it doesn't continue to develop a strong business transaction base, and value transfer function, it will either fail, take considerably longer to increase in value, or stagnate.

businesses will be more likely to accept bitcoin when they see more bitcoin being spent.  the more businesses accept bitcoin the easier it will be to spend bitcoin, which will increase the demand for bitcoin which will increase the price of bitcoin.

its a virtuous circle.

right now bitcoin is a niche at best and far from assured survival let alone considerable increase in value.  it doesn't take a know it all to see that spending bitcoin is required to get it a stronger network, it just takes a little bit of understanding of human nature, a little business sense and a cursory understanding of economics.
ElectricMucus
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March 19, 2012, 07:16:23 PM
 #28

The gold-cannot-be-tangible-enough-for-real-world-application argument again.

Complete bogus.
Gold foil can be encased in polycarbonate for as low a demonetization as you like. For all practical purposes as well as bitcoin.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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