728900+ entries in 0.405s
MisterE: and many
times before
that similar systems all fail
minersdidit: zimbambwe was fiat money
the dollar is credit money
HeySteve: it all depends on your
timeframe,
the general
trend of bitcoin is appreciating currency however
minersdidit: extending credit and printing are 2 different
things
MisterE: but pretty damn fast and relentlessly
the printing presses are running
minersdidit: you dont even know how
the fiat system functions
MisterE: not at
that rate
though ofc
MisterE: why you
think Fed no publish M3 anymore?
minersdidit: everything
that cost 1btc jan1st cost 2btc now
MisterE: many
times over it's just reported funny so people can't see
HeySteve: how is bitcoin worse
than inflationary fiat currency which can be easily seized by bankrupt govts?
dub: -assets gives zero fucks about btc/usd, please find some way
to die all of you
minersdidit: paying millions per day for a few
thousand users
HeySteve: to succeed, it just has
to be better
than
the competition
ozbot: Bitcoin Cost Per
Transaction
HeySteve: with any new
technology, first-movers prosper. bitcoin doesn't have
to make everyone in
the world wealthy
to succeed
minersdidit: 1 bitcoin
transaction costs $21 in miner subisdies
today
MisterE: you've added nothing new
to
the debate for like an hour now
minersdidit: dude bitcoin is a sophisticated wealth
transfer mechanism with a clever story
MisterE: thanks for entertainment while I wait for
the water filter service
tech
HeySteve: minersdidit, presenting
the bear case is one
thing but being a pest is another
TestingUnoDosTre: your lame attempts
to make me riled up are like lullabyes sending me
to sleep
dub: who
the fuck unleashed -otc upon us
minersdidit: this bear market has
taken down alot of bitcoiners
TestingUnoDosTre: quit
trying
to pull
this Morpheus bullshit on me, I'm not retarded
minersdidit: the "price" you keep looking at is irrelevant because it merely reflects
the last sale
that occured its already history
TestingUnoDosTre: minersdidit makes me
think I'm back in
the days of AIM where someone has invented a bot
to chat with you
akstunt600: minersdidit, is good
troll who makes u
think
minersdidit: testingunodostre: dude im
the most honest guy in here.
TestingUnoDosTre: <minersdidit> for some reason my shitty freenode client wouldn't allow me
to ignore you, so I will infrequently acknowledge your existence
akstunt600: you seem
to forget
that
this wasnt supposed
to grow
this fast in
the way it did
TestingUnoDosTre: how is it
that it
takes
thousands of bitcoins sold
to drop
to 340, yet hundreds bought bring it back
to 400?
minersdidit: im a farmer in africa yep first
thing
to help my life is
to download bitcoin core and sync
the blockchain up
minersdidit: its a horrible distribution method hence
the insane volattilty we ahve
akstunt600: mniers are
the mechanism for distributins
MGK: anyone want
to play madden on xbox one for bitcoin?
random_cat: somehow, minersdidit,
that seems inferior
to a blowjob
minersdidit: the best
thing
that could happen now is if
the block reward somehow failed
HeySteve: if I earned money for interweb arguments
though, I'd do it a lot more
HeySteve: arguing with people over
the interweb also does nothing and adds no new value, yet here we are
minersdidit: it does not speed up
transfers or add new value
akstunt600: wow minersdidit
that is a gorss misunderstanding
HeySteve: MisterE, I don't
think so.
they could get PR being a part of it
MisterE: HeySteve: corps would have
to shit
that shit down ASAP
minersdidit: they are part of
the
transaction cost akstunt600
HeySteve: what if poor people could make profit mining crypto on
their smartphones?
MisterE: when you buy a dollar
there is a spread
minersdidit: im still confused how bitcoin is suppose
to help poor people
akstunt600: actually some of what is happening
there is amazing
minersdidit: even if you gave a african farmer bitcoins
they would instantly lose
them
to guys like eric voorhees
MisterE: don't know, just an idea I had
this morning and keeps nagging at me
HeySteve: ok MisterE, how are you
thinking of doing
that?
minersdidit: they
think "emerging" markets are late
to
the game or something lol
akstunt600: yeah and America is declinging and bowed
toBrazil before IMF fucked
them
too
minersdidit: honestly some markets have been emerging for
the last 3 centuries
MisterE: HeySteve: I was just
thinking about one
to address carbon emissions
minersdidit: emerging market is a politically correct
term for shithole
HeySteve: I am developing a currency with one of
the goals being emerging market adoption
minersdidit: you buy a bitcoin by
the
time you get
to spend it its lost 5% of its value
MisterE: last few months has been a few
things
minersdidit: becuase its
too costly
to use when you factor in
the miner subsidy and bid/ask spreads
minersdidit: seriously if i was in africa why would i submit my documents
to 2 white idiots from a shithole in europe?
minersdidit: the funny part about bitcoin is even when you get it
to connect
to
the "financial system"
HeySteve: just
the other day I rode my elephant
to
the closest city with electricity so I could swap gold for bitcoin
akstunt600: beter
than
the dead curencies
they had
benkay: you can
trivially move money across
the globe with bitcoin
minersdidit: mpesa has a low fee rate compared
to bitcoin
benkay: there are great remittance plays
to be made using btc
to move money for people, but it involves
taking fiat on one side and paying fiat out on
the other
MisterE: but
they all want
the processing network
HeySteve: yes, we
trade AK47 bullets for elephant ivory,
that's how
things work here
kanzure: nobody outside
the insular economics bubble wants money
benkay: nobody outside of
the insular btc bubble wants btc
kanzure: nobody is
transferring $1M using phone minutes