Sitarow
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November 29, 2012, 04:37:48 PM |
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Did you know almost every gold bug would laugh at everyone here for putting their USD into something as stupid as bitcoin instead of buying physical gold?
Bringing up gold to compare to bitcoin is the most retarded thing I have ever heard.
At this moment bitcoin's p2p digital currency is a fast and most secure way of transferring wealth. You will see how difficult it can be to travel with physical gold.
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majamalu
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November 29, 2012, 05:15:43 PM |
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but once people like David Morgan, Mike Maloney or Jeff Berwick take a look at bitcoin,
Jeff Berwick is already a bitcoiner. he is? The militant kind.
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steamboat
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November 29, 2012, 05:27:10 PM |
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Bitcoin is better then gold in every way...
nope. i said this before, there are 2 main arguments against bitcoin: 1) bitcoin did not come out like a wining commodity and also become money, there was no "natural selection" like in case of gold and silver, gold and silver removed salt, stone, big stones, colored stone and allot of other stuff that was used like money ( a good read for spanish ppl http://www.casadellibro.com/libro-historia-del-dinero/9788449322945/1565423 ) 2) there is no "natural demand" for bitcoin in the same way there is a natural demand for gold in some industries and for jewels point 1) I don't understand. Why is natural selection necessary and how can you argue bitcoin was/is not subject to this kind of thing. Point 2) is ridiculous. You're saying gold is better because it's shiny?!? The regression theorem has been talked about a lot in regards to bitcoin and I think it does apply to bitcoin and is misinterpreted by many. I'm looking forward to Peter Surdas (lonelyminers) just-finished paper on this and other subjects. I'm looking forward to discussing this on the forums. 1) There have been many tries at making e-money, none came close to the having the same kinda of dedicated FAN base, as bitcoin does. 2) Not sure what you mean, If you NEED bitcoin to buy something you can't get without bitcoin, would you consider that "natural demand" for bitcoin If you're correct on point 2, I submit silkroad supplies natural demand. Whether you agree with the politics/morals of it or not, they have done more for bitcoin as a proof of concept for use as a medium of exchange than any other site out there. Not to mention offering an effectively "free" coin anonymising service
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myself
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Merit: 1000
chaos is fun...…damental :)
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November 29, 2012, 05:35:28 PM |
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If you're correct on point 2, I submit silkroad supplies natural demand. Whether you agree with the politics/morals of it or not, they have done more for bitcoin as a proof of concept for use as a medium of exchange than any other site out there.
u can buy weed with usd and bitcoin still act like money, the full quote can help you Bitcoin is better then gold in every way...
nope. i said this before, there are 2 main arguments against bitcoin: 1) bitcoin did not come out like a wining commodity and also become money, there was no "natural selection" like in case of gold and silver, gold and silver removed salt, stone, big stones, colored stone and allot of other stuff that was used like money ( a good read for spanish ppl http://www.casadellibro.com/libro-historia-del-dinero/9788449322945/1565423 ) 2) there is no "natural demand" for bitcoin in the same way there is a natural demand for gold in some industries and for jewels the point 2) some in a way is solved by NameCoin since there can be a natural demand and NameCoin have a purpose other that "money" so NameCoin is closer to gold that bitcoin, gold--namecoin--bitcoin, because bitcoin is made up money just like the EURO, it was designed to be money it did not become money
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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adamstgBit (OP)
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Activity: 1904
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Trusted Bitcoiner
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November 29, 2012, 05:48:52 PM |
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If you're correct on point 2, I submit silkroad supplies natural demand. Whether you agree with the politics/morals of it or not, they have done more for bitcoin as a proof of concept for use as a medium of exchange than any other site out there.
u can buy weed with usd and bitcoin still act like money, the full quote can help you You can't buy MY weed with USD, i only take CAD or BTC
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molecular
Donator
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Activity: 2772
Merit: 1019
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November 29, 2012, 06:08:56 PM |
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Bitcoin is better then gold in every way...
nope. i said this before, there are 2 main arguments against bitcoin: 1) bitcoin did not come out like a wining commodity and also become money, there was no "natural selection" like in case of gold and silver, gold and silver removed salt, stone, big stones, colored stone and allot of other stuff that was used like money ( a good read for spanish ppl http://www.casadellibro.com/libro-historia-del-dinero/9788449322945/1565423 ) 2) there is no "natural demand" for bitcoin in the same way there is a natural demand for gold in some industries and for jewels point 1) I don't understand. Why is natural selection necessary and how can you argue bitcoin was/is not subject to this kind of thing. Point 2) is ridiculous. You're saying gold is better because it's shiny?!? The regression theorem has been talked about a lot in regards to bitcoin and I think it does apply to bitcoin and is misinterpreted by many. I'm looking forward to Peter Surdas (lonelyminers) just-finished paper on this and other subjects. I'm looking forward to discussing this on the forums. 1) There have been many tries at making e-money, none came close to the having the same kinda of dedicated FAN base, as bitcoin does. 2) Not sure what you mean, If you NEED bitcoin to buy something you can't get without bitcoin, would you consider that "natural demand" for bitcoin If you're correct on point 2, I submit silkroad supplies natural demand. Whether you agree with the politics/morals of it or not, they have done more for bitcoin as a proof of concept for use as a medium of exchange than any other site out there. Not to mention offering an effectively "free" coin anonymising service regarding 2):Those are 2 different kinds of demand: silkroad demand is demand for the monetary features of bitcoin. Jewelery and electronics applications are demand for non-monetary features of gold. Now the regression theorem seems to say that there has to have been a non-monetary demand for the commodity at some point in the past for it to be used as money. The reasoning I think is that the first guy to accept the commodity as money needed to have at least some assurance of value of the commodity, which could only at this point be it's non-monetary value, because he could have no reasonable expectation of other people accepting the commodity as pure money. I think bitcoin has proven this wrong. Why did the guy give pizzas for bitcoin? Did he have reasonable expectation these bitcoins might be accepted as money. Probably yes. Some argue bitcoin is the closest mankind has come to "pure money", because it has absolutely no use other than as a money.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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November 29, 2012, 06:48:31 PM |
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Bitcoin is better then gold in every way...
nope. i said this before, there are 2 main arguments against bitcoin: 1) bitcoin did not come out like a wining commodity and also become money, there was no "natural selection" like in case of gold and silver, gold and silver removed salt, stone, big stones, colored stone and allot of other stuff that was used like money ( a good read for spanish ppl http://www.casadellibro.com/libro-historia-del-dinero/9788449322945/1565423 ) 2) there is no "natural demand" for bitcoin in the same way there is a natural demand for gold in some industries and for jewels point 1) I don't understand. Why is natural selection necessary and how can you argue bitcoin was/is not subject to this kind of thing. Point 2) is ridiculous. You're saying gold is better because it's shiny?!? The regression theorem has been talked about a lot in regards to bitcoin and I think it does apply to bitcoin and is misinterpreted by many. I'm looking forward to Peter Surdas (lonelyminers) just-finished paper on this and other subjects. I'm looking forward to discussing this on the forums. 1) There have been many tries at making e-money, none came close to the having the same kinda of dedicated FAN base, as bitcoin does. 2) Not sure what you mean, If you NEED bitcoin to buy something you can't get without bitcoin, would you consider that "natural demand" for bitcoin If you're correct on point 2, I submit silkroad supplies natural demand. Whether you agree with the politics/morals of it or not, they have done more for bitcoin as a proof of concept for use as a medium of exchange than any other site out there. Not to mention offering an effectively "free" coin anonymising service regarding 2):Those are 2 different kinds of demand: silkroad demand is demand for the monetary features of bitcoin. Jewelery and electronics applications are demand for non-monetary features of gold. Now the regression theorem seems to say that there has to have been a non-monetary demand for the commodity at some point in the past for it to be used as money. The reasoning I think is that the first guy to accept the commodity as money needed to have at least some assurance of value of the commodity, which could only at this point be it's non-monetary value, because he could have no reasonable expectation of other people accepting the commodity as pure money. I think bitcoin has proven this wrong. Why did the guy give pizzas for bitcoin? Did he have reasonable expectation these bitcoins might be accepted as money. Probably yes. Some argue bitcoin is the closest mankind has come to "pure money", because it has absolutely no use other than as a money. Yes, ironically, these very observations of what makes ideal money birthed a discipline which could be called the "science" of money. Knowledge of what constitutes "perfect" money and how close bitcoin comes to it has caused people to value bitcoin for its future potential. So "marginal utility" became unimportant. So knowledge of the definition of money rendered that definition incorrect (at least in a partial, relatively trivial manner).
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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November 29, 2012, 07:11:12 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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420
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November 29, 2012, 07:20:34 PM |
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but once people like David Morgan, Mike Maloney or Jeff Berwick take a look at bitcoin,
Jeff Berwick is already a bitcoiner. he is? The militant kind. maybe he talks about it here: http://www.youtube.com/watch?v=n0XY6pQ3ORUAGAIN, where's the wall pics?
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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notme
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November 29, 2012, 07:24:52 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
No I don't. You don't make the rules.
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Yuhfhrh
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November 29, 2012, 07:43:13 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
No I don't. You don't make the rules. Touché lol
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adamstgBit (OP)
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Activity: 1904
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Trusted Bitcoiner
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November 29, 2012, 08:05:13 PM |
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Virtex just had a mini rally from 11.75 to 12 ~400 coins bought and then someone took a dump, down to 11.35! Some might say watching smaller bitcoin markets is useless, as they simply follow MtGox I do not agree, I would not of been able to call the bottom, if i had no looked closely at the actions of Virtex traders during the plunge. Virtex has a mind of its own and does not simply fallow MtGox... It is clear to me Virtex price is being suppressed by people selling off for a profit. I suspect the same thing is happening on MtGox on a larger scale. We will be going sideways, until this profit taking period is over, then price will explode! Up Up Up!
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kentrolla
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November 29, 2012, 08:10:55 PM |
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Some might say watching smaller bitcoin markets is useless, as they simply follow MtGox
I'm one of those people that would say that.
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adamstgBit (OP)
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November 29, 2012, 08:26:27 PM |
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you just wait and see... We are entering a stable period, despite the increased demand, due to profit taking. I believe the profit taking is minimal, and will not deplete the increased demand. So I predict the stable period will be short lived (no more then 2 weeks) and we will head higher once its done.
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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November 29, 2012, 08:42:22 PM |
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I think the Mt.Gox GBP market is interesting 8.04712 GBP ~ 12.8955098 USD
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myself
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chaos is fun...…damental :)
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November 29, 2012, 08:57:06 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
No I don't. You don't make the rules. there are no rules if you consider something that was designed to be used as money you need to consider every single thing that was designed with same intention money
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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notme
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Merit: 1002
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November 29, 2012, 08:58:44 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
No I don't. You don't make the rules. there are no rules if you consider something that was designed to be used as money you need to consider every single thing that was designed with same intention money Bitcoin was designe to be fair money. The euro was designed to concentrate power.
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adamstgBit (OP)
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November 29, 2012, 09:13:12 PM |
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damnek
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November 29, 2012, 09:33:21 PM |
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if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
No I don't. You don't make the rules. Schizophrenic?
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bitboyben
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November 29, 2012, 09:34:41 PM |
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I like using Canvirtex. I find it frustrating sometimes how much they lag in price though. I'd like to see Mtgox become a bit more user friendly for Canadians. There would be a big bump in price and volume at Canvirtex IMO as arbitrage kicks in. Right now I only have Arr!-bit-rage!
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Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S If you don't like the price of BTC come back in 8 hours.
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