768200+ entries in 0.496s
mjr_: there is no other way
to avoid
that scenario
cerelenius: krs one you cant do 10:1 shorting with btc where are
they borrowing
them from
mjr_: i am betting
they have some sort of autoliquidation
cerelenius: what happens when your underwater
then?
mjr_: the variance is
too high
KRS-One: yeah i wouldnt
touch it
though
MisterE: that'll get you in
trouble
mjr_: is
there another site with lending?
MisterE: I dont
think
traditional SA applies
to CC charts
KRS-One: cerelenius:
there is over $11 million loaned out on long positions..they're going
to get squeezed out
cerelenius: tripple bottom off
the late december lows
mjr_: the value is set by
the supply and demand of
the item in question
mjr_: you are saying "this is
the way it HAS
to be" and proving
that "this is
the way it IS"
KRS-One: MisterE: you wont want
to do
that
mjr_: no change
to
the dollars value?
mjr_: ok, say everyone in
the world does not want dollars for oil
Vexual: man who walk sideways
through security always going
to bang cock
mjr_: same as
the dollar yes
mjr_: but sure,
there i could go
to evr
jurov: cerelenius: you'd have problems with paper dollars of higher denominations,
too
cerelenius: the price of
them collapses if you start selling
cerelenius: you never have
to
touch
the euro
to get rid of dollars
mjr_: i can walk down
the street and buy products for bitocin
cerelenius: mjr you can walk down
the street and sell your dollars for products
mjr_: are
they "saleablae"
mjr_: so if you hold euros in
the us
mjr_: i can get rid of bitcoin at any
time of day
cerelenius: you can walk down
the street and get rid of all of
them
cerelenius: you can get rid of dollars at any
time of
the day
cerelenius: and
the saleability decreases as you keep moving
cerelenius: bitcoin you move
the price with a
tiny lot
mjr_: i like how you agree with me every
time
mjr_: so you DO move
the price
cerelenius: you need
to sell hundreds of billions
to move it 0.5%
mjr_: obviously no one
trades forex
cerelenius: well i like using saleability,
the more btc you
throw at
the market what happens?
mjr_: so maybe you just don't get
these fundamental points
mjr_: i have empiraccally proven
that
mjr_: i can't be paid for my
time
mjr_: i can't give it
to people
mjr_: cuz its maybe
too fucking obvious
cerelenius: well bitcoin is completely different
then
the dollar
mjr_: which is why i use
them
MisterE: maybe
they will keep you warm if you stuff
them inside your clothes
cerelenius: paper dollars will be
the only
thing
that have value under
that scenario
MisterE: yea
the size of
the bubbles are bigger and bigger
cerelenius: im sure your bitcoins will save you
then
cerelenius: mjr:
these
types of collapses have been occuring every since capitalism was introduced, just
the scale of
them has been getting progressively wrose
MisterE: jurov: I wish, what I really wish is we would pay
the real cost for
the oil
mjr_: and will continue
to do
jurov: alternatively, we can just go into prolonged slump,
that will end when we diversify away from oil
cerelenius: well yea it freezes up for a short
term.
mjr_: and
they work pretty much
the same
KRS-One: cerelenius so i'm
thinking lower
mjr_: we just find other
tokens
mjr_: we will never be able
to obtain
things
cerelenius: KRS-One: despite all
this shitty news and bad atmosphere we havent even exceeded late december lows
mjr_: but
that is where i
think you get ridiculous
cerelenius: misterE: as bad as
the USD is it will be
the last currency
to collapse
MisterE: soon as oil is denominated in another currency
the jug will be up
cerelenius: KRS-One: i dont
think we
take out
the late december lows
mjr_: and give
them
that many if it is important
cerelenius: they replace gold with
the US government bond
MisterE: it's over only a matter of
time
mjr_: i could care less what
the creator said or wants
to do
cerelenius: gold was what paid debts off in
the past
mjr_: and it works like a
token
MisterE: not when
the creator given
them with a promise
to pay back
mjr_: i
treat it like a
token
mjr_: you
treat it like a "debt" and you will never be repayed
mjr_: its what you do after
that
that matters
mjr_: i could give
two shits about how
tokens are created
cerelenius: mjr: i come in here once in awhile
to break mirceas balls
mjr_: and you obviously aren't smart enough
to be a part of
the convo
Vexual: ill
take your moms xanax
mjr_: glad i don't have
to share it with you
cerelenius: you
think running around buttonwood
trees with your iphone and 0.001btc matters
mjr_: i'll keep living in
the real world
mjr_: you have fun with your
theories
Vexual: yes, hes very handsome, but
thats not all
cerelenius: the smartest guy in here is
the one with
the largest stage
that inflates in value when all
the dumbasses do work
mjr_: you haven't answered how empiracally
this would be any different when
trying
to sell a car