768100+ entries in 0.528s
mjr_: which is why i
think
they say US on
them
mjr_: its accepted in
the US
Vexual: man in
the image of god
cerelenius: its related
to btc because as people WORK hard
to build
the ecosystem and create purchasing power, it gets siphoned off by
the large holders
dignork: cerelenius
this will be
the case anyhow, nature laws...
cerelenius: both are different sides of
the same coin
cerelenius: dignork:
the same way bitcoin will because of what i outlined earlier in
the chat. a
tiny
tiny % of holders will be filthy rich while everyone else is filthy poor
dignork: cerelenius gosh, gold defaulted on promise
to be a currency, your point?
Vexual: things change cere,
the world keeps
turning
cerelenius: the dollar is accepted by
the vast majority lol
cerelenius: well yes
the dollar is a failure its a defaulted on promise
to pay gold
mjr_: since
the dollar has not been adopted by
the vast majority of people on earth
mjr_: you know
that by your standards
cerelenius: it wont fail in
the sense of going
to zero
mjr_: and you come up with
the same
thing
mjr_: just
take everything you say, change
the word bitcoin
to dollar
mjr_: you are
talking about a 5X increase
mjr_: you cannot guarantee
that
mjr_: if i want
to sell my car
mjr_: since
the whole point is moving past fiat
mjr_: but he doesn't want
to
mjr_: and
they only settle using dollars "out of necessity"
mjr_: at no point have you ever shown me an example of how it is different
to buy something with a dollar and a bitcoin
mjr_: i will sell my products for
the amount of currency i want
mjr_: that is
the problem
mjr_: you see a dog swimming, you
think
that dogs are aquatic creatures
mjr_: so it seems
that it is possible
cerelenius: dignork: merchants are adopting bitpay/coinbase
to
tap into
the btc liquidity and
the free publicity
they get, nobody is settling in btc outright
cerelenius: mircea is part of
the fraud category lol
dignork: cerelenius i'm not a "cybercriminal" and for some
transactions I settle for btc, problem?
KRS-One: there is also no control over
this =/
cerelenius: krs-one: yea so
they have some protection in place
cerelenius: dignork: im
talking about nobody settles for anything other
then fiat at
the moment in btc, OTHER
then
those groups i outlined
mjr_: in other words
they will autoliquidate you
KRS-One: It is important
to remember
that losses can also be multiplied however losses will never exceed your deposit.
mjr_: you do know
they don't use dollars everywhere
Vexual: get off
the couch cerel
mjr_: there is
this
thing called "international
trade"
KRS-One: cerelenius: according
to btc.sx faq: For each position opened, btc.sx will execute an open market order at over x10
the value of your deposit.
dignork: cerelenius in some countries you can't settle for USD, you have
to go
through exchange, so what?
mjr_: your argument for
the dollar was its "necessity"
cerelenius: im not
talking about your little nerd with 0.01 balance
cerelenius: and
those
that do do it from necessity
mjr_: the issues you bring up have nothing
to do with bitcoin
cerelenius: dignork: enough for it
to be used as settlement without having
to go
through shit like bitpay
mjr_: and
that is what you don't get
mjr_: if it can,
then it could keep doing so...
mjr_: could bitcoin become MORE liquid
tomorrow
mjr_: since
there must be one
mjr_: at what point will it cease being able
to become more liquid
mjr_: or are you going
to change what you said again
mjr_: you said
that its state of liquidity is fixed
mjr_: funny how
things change...
mjr_: or facebook, and now,
they are MORE liquid
Vexual: yes, ive got some
things here and im
trying
to decide
mjr_: like for example
twitter shares were illiquid
mjr_: bitcoin is not limited
to illiquidity
mjr_: you don't understand
the diference between
today's bitcoin and
the inherent properties of bitcoin
mjr_: and get
the product i wanted
mjr_: i pay with
the currency i chose
mjr_: i could give
two shits what happens between me paying bitcoin and getting
the product i want
cerelenius: yes its no different
then selling
them at an exchange for usd
cerelenius: they dont accept btc
they accept bitpay
Vexual: ah
theres only one fuck
this mad
mjr_: which
tree do
they meet up at?
cerelenius: its not nerds meeting up with pennys underneath a
tree
mjr_: and you seem
to
think
that
time doesn't exist
cerelenius: only
thing giving btc liquidity is cybercrime
mjr_: but you just said
that you were
talking about
the way it is now
cerelenius: bitcoin is
too illiquid
to function as anything other
then a speculative
tool, in
terms of money in only functions as such in cybercrime for example because
there are NO alternatives.
mjr_: and
that does function efficiently
mjr_: i can picture a market for bitcoin
that is not ililquid
mjr_: but since i have
the ability
to picture other markets
mjr_: you are saying
that because of POOR exchanges
mjr_: so
that means equities will never work
mjr_: have you heard of
this
thing called
the pink sheets
cerelenius: listen pal, every credit instrument in bitcoin will bust out sooner
then later
mjr_: or else we just
throw logic right out
mjr_: to
things
that i have seen happen
mjr_: because you keep using
the word HAS
TO and CAN and CANNOT and IMPOSSIBLE
cerelenius: your an idiot, bitcoins main issue is piss poor liquidity and overall
tiny market
mjr_: i
think
that actually is why we disagree
mjr_: like i said variance is
too high
mjr_: that aren't
the ways
the rest of us use
them
mjr_: you seem
to use
the word can and can't in strange ways