728800+ entries in 0.344s
minersdidit: dude quality of life is higher
then 60 years ago in first world countries
danielpbarron: minersdidit: I
thought you had advice
to give since you are so earnest in your attempt
to convince us; I mean
this in all sincerity
minersdidit: yes but you are
talking about
trends
that can
take lifetimes
minersdidit: the roman empire
took hundreds of years
to unravel
akstunt600: except
this
time it brings everyone down with it
akstunt600: USA is
the next version of
the roman empire
minersdidit: bitcoin has no more 100 bagger in it it
though
minersdidit: once youve already obtained wealth
then you can worry about keeping it lol
TestingUnoDosTre: so poor right now... let me pick up my
topless girlfriend from mcdonalds
minersdidit: well first off if you are poor as i suspect everyone in here is, yea you might as well
try
to buy bitcoin lottery
tickets lol
akstunt600: minersdidit,
the fucking money problem
akstunt600: its a
top a pyramid of world currencies
minersdidit: akstunt600:
the USD will be
the last fiat
to collapse
minersdidit: keep feeding your paychecks into
the pockets of miners duh.
akstunt600: Mineits gonna be a soft collapse blood will be spilled as usd
tanks
minersdidit: the dollar collapsing is
the worse
thing
that could occur
to bitcoin
minersdidit: youve got a bunch of failures from
the last dotcom boom running around pretending
to be leaders
TestingUnoDosTre: computers requjire extensive infrastructure in place
to work.
The internet required high bandwidth, electricity- you know civilized society
MisterE: he
things we should be in USD fiat and AU
akstunt600: well
then how do we olve
the money problem
minersdidit: akstunt600 yea
theyve been saying
that year after year,
the protocol is just as bad as it was in 09
akstunt600: so yes pateches come with
the
territory
MisterE: 100% guarantee you its coming and I'm gonna be
there with front row seats
minersdidit: a bunch of
tard developers
to "patch" shit
akstunt600: think of btc as gateway
to something else
minersdidit: its dependant on shitloads of
things functioning.
akstunt600: and USD is on
tops of
the same pyramid scheme
minersdidit: bitcoin requires extensive infrastructure in place
to work
akstunt600: sucks but
that is where our centralized banking system has lead us
minersdidit: dude pull up bitcoin liquidity books ie
the order books
benkay: victory or loss, way
too early.
akstunt600: minersdidit,
thats
the fcuking pooint bro
minersdidit: problem with bitcoin is
the users are at
the behest of miners
minersdidit: i
think if bitcoin ever has like 50bil of bid books
MisterE: yep and
that's where
the big boys play
MisterE: I
think we're witnessing a pharmacological disaster
minersdidit: in 2014
the absolute "safest" havens are US dollars paper format, gold coin format, US
treasury bills, US 2 year notes, German 2 year notes
minersdidit: dude im in btc when you
tards werent even in here lol
minersdidit: bitcoin is ultra high beta its related
to fiat flows
minersdidit: how many
times are you going
to repeat
that lol
MisterE: thats why
there is opportunity and scams
minersdidit: dude you arent buying a piece of a
technology
MisterE: all emerging
technologies are
minersdidit: when size comes into bitcoin markets
the bid ask spreads widen like crazy
minersdidit: look
the russian ruble is down
this year i
think what 20%? did holding bitcoin help a russian? hed be down 35%
minersdidit: with a gold coin you can go anywhere in
the world and someone will
trade you X for it
minersdidit: hence why we are at
the same level as november and so is
the nasdaq
minersdidit: maybe if bitcoin becomes 1000x bigger in
the future
minersdidit: unfortunately in 2014
the only option is USD in paper format and dollars
HeySteve: it does if
the currency fails, as you say
minersdidit: if a chinese acquires bitcoin with RMB someone else now has
the rmb
HeySteve: ok so you've mentioned a good reason for all chinese and russians
to acquire bitcoin
minersdidit: long before
the dollar collapses
the chinese currency and government will implode
minersdidit: hence why
the US dollar as bad as it is will be
the last
to fail not
the first.
the derivatives based on
the dollar will fail first
minersdidit: its backed by
the portfolio of US
treasuries china holds
minersdidit: heysteve you are confused pal.
the chinese yuan is defacto linked
to
the US dollar and
the US bond market
minersdidit: its impossible for
teh derivative
to succeed when
the underlying asset fails
HeySteve: lol
tell
that
to Russia and China
HeySteve: right, now
there is an alternative
to failure-prone fiat currencies. you are proving my point
minersdidit: and russian rubble has failed like 20
times in
the last 50 years alone lol
minersdidit: the chinese RMB will fail before
the dollar does
minersdidit: misterE
thats
true but
that one day can be 100 years from now when we are dead.
MisterE: every currency in history has failed and USD will fail one day
too
HeySteve: minersdidit, let's see what happens
to USD if Russia and China continue
to conduct
trade in
their own currencies
minersdidit: the dollar can only fail if
the bond market fails