8300+ entries in 0.123s
mjr_: crossed quotes sitting there for like 15 minutes
mjr_: that was quite a big moce
mjr_: anyway, see you guys later tonight
mjr_: you could make a mechanical computer i suppose but would be quite slow
mjr_: no substrate for the chips
mjr_: i think you could...it is conductive...
mjr_: could you make a gold computer?
mjr_: if i remember correctly, he killed his daughter by touching her
mjr_: because he was alone and couldn't touch anyone, or eat anything, classic greek god punishment
mjr_: which is that midas was cursed
mjr_: it's funny that few actually remember the moral of that story
mjr_: you would die the richest person in the world
mjr_: what if everything you touched turned to gold
mjr_: this is like the story of midas lol
mjr_: and the market keeps working
mjr_: but still...satoshi's are now worth $100
mjr_: ok, so now btc is flowing
mjr_: so i can work to feed myself
mjr_: but to me defeats the purpose of building up wealth
mjr_: if all you have is btc and your 24 hours a day
mjr_: but it would have to be something
mjr_: doesn't have to be btc
mjr_: so my point is that you will have to give something up to get something
mjr_: my point is, are you saying people will give you something for nothing in return?
mjr_: unless that "value" is activated through a market, it doesn't matter
mjr_: ok, you are entitled to value them however you want
mjr_: sounds like a free lunch to me
mjr_: what you are saying is..."i can spend no resources and yet get everything i need"
mjr_: and then starve to death
mjr_: so they can offer whatever they want
mjr_: i said at any price
mjr_: hence you get nothing
mjr_: if you refuse to trade, there is no market
mjr_: that is how a market works
mjr_: i'm saying, in order to get something, i spend money
mjr_: my point is that money that can't/won't be spent is worthless
mjr_: there is no amount of food i would take in compensation for my dollar
mjr_: what use would my dollars be?
mjr_: my point is that if i said i refuse to part with my dollars for anything in return
mjr_: ah, you are saying people will forcibly take your bitcoins?
mjr_: if every woman refused to have sex, yes there would be no more sex barring rape
mjr_: at this point right now i mean
mjr_: people would move on
mjr_: if every seller refused to part with their bitcoins at any price
mjr_: my point is simply this
mjr_: you could use fiat to proxy it
mjr_: that is possible too, but only if people want to
mjr_: in fact, litecoin was meant to be the silver
mjr_: and there are other crypto currencies
mjr_: ie. what price is someone willing to pay, i don't know because i am not willing to sell *at any price*
mjr_: with 0 liquidity, it becomes impossible
mjr_: when liquidity is very low, pricing assets becomes very hard
mjr_: and writes them off as part of the economy
mjr_: so the yen falls in value since everyone stops caring
mjr_: ie. if japan hoarded yen, we couldn't buy there shit
mjr_: if you do, you release bitcoins back into the economy
mjr_: if you don't, you cease trade
mjr_: ok, so my point is you *could*
mjr_: you have paper profits
mjr_: ok, to me btc doesn't exist
mjr_: i can't buy from you using btc, i can't sell to you for btc
mjr_: so with no adoption, everyone just goes back to using fiat
mjr_: and was not trying to prove itself
mjr_: yes, but gold had a *little* more history
mjr_: ie. i cannot spend my bitcoins or gain something from them
mjr_: ok...if there is absolutely no trade in bitcoins
mjr_: my point is that the transition can be done whereby you generate revenue in btc and spend btc