• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Merged Bitcoin - Part 3

Gord_in_Toronto said:
What part of "Unless I can find someone that accepts it is worth something, it is useless . . ." do you not understand? I'm trying to buy something I want. Cash works. Bit-thingies don't if I cant find someone to accept them. If I go on a barter site like swapsity.ca I may find someone who is prepared to swap my cat for a bicycle. Does that make cats currency? :rolleyes:
Click to expand...
Saying that something is "useless" if you can't spend it is no better than saying that something is "useless" if you can't sell it.
 
psionl0 said:
Saying that something is "useless" if you can't spend it is no better than saying that something is "useless" if you can't sell it.
Click to expand...

I think useless is too charitable. Crypto is worse than useless, it's malignant. It's continued existence is a detriment to society. If this country wasn't a joke, SEC cops would be chopping up mining rigs with an axe like prohibition agents on a whiskey raid.
 
SuburbanTurkey said:
I think useless is too charitable. Crypto is worse than useless, it's malignant. It's continued existence is a detriment to society. If this country wasn't a joke, SEC cops would be chopping up mining rigs with an axe like prohibition agents on a whiskey raid.
Click to expand...

Because that worked out quite well, didn't it. I mean I'm not taking this seriously, I'm just calling bad joke.
 
psionl0 said:
Saying that something is "useless" if you can't spend it is no better than saying that something is "useless" if you can't sell it.
Click to expand...

No, it's not. If I own it and use it, it is useful. If I want to trade it for something else, it is useless.
 
There is a legitimate use for Crypto currency, paying people who take your computer network hostage. This creates a real demand for crypto that is not easily taken over by cash and other forms of transaction.
 
You can always buy or sell the bathwater of a youtuber, so this bathwater is not useless...right?........right, guys?
 
psionl0 said:
You can always buy or sell bitcoin so your pet definition of "useless" is useless.
Click to expand...

Things you buy and sell are products or services, not currency.

Why do Cryptobros keep rediscovering "barter" and parading it about like it means anything.

This has been another rousing edition of "What words mean."
 
Crypto still works fine for circumventing bad laws. If say a corrupt or ignorant government has stupid drug laws.

Or as a potential future use if say numerous states enact insane abortion laws and use various means of tracking women such as period apps, or payments to an out of state abortion clinic. Might be nice to pay for that anonymously to reduce the risk of being tried for murder.
 
FS-Ux8VUcAET7zF
 
I give it a year before Bitcoin is either a microbrewery or another online mattress company.
 
EaglePuncher said:
You can always buy or sell the bathwater of a youtuber, so this bathwater is not useless...right?........right, guys?
Click to expand...

Plus bathwater can be used to water your lawn. Overall used bathwater has way more inherent utility that crypto and it doesn't take massive amounts of electricity and expensive computer hardware to produce.
 
psionl0 said:
You can always buy or sell bitcoin so your pet definition of "useless" is useless.
Click to expand...

Maybe, only if I can make it to the ATM before everyone else cashes out.

"A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923." (per our friends at Wikipedia)
 
Gord_in_Toronto said:
Maybe, only if I can make it to the ATM before everyone else cashes out.
Click to expand...
This time for sure! :rolleyes:

Gord_in_Toronto said:
"A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923." (per our friends at Wikipedia)
Click to expand...
I guess that's new. Bitcoin hasn't been compared to a currency that can be printed into oblivion before.
 
psionl0 said:
This time for sure! :rolleyes:


I guess that's new. Bitcoin hasn't been compared to a currency that can be printed into oblivion before.
Click to expand...

In 1922, the mark was about 320 per dollar. By November 1923, one US dollar was worth 4,210,500,000,000 German marks. That's volatility (aka bad).

Just hope Satoshi doesn't decide to cash in.
 
Gord_in_Toronto said:
In 1922, the mark was about 320 per dollar. By November 1923, one US dollar was worth 4,210,500,000,000 German marks. That's volatility (aka bad).
Click to expand...
That's what happens when you don't read a thread before posting.

Most people know that there is a hard limit of 21 million BTC that will ever exist - unlike the German Mark. Like your crystal ball predictions, your posts shed no light whatsoever.
 
Gord_in_Toronto said:
In 1922, the mark was about 320 per dollar. By November 1923, one US dollar was worth 4,210,500,000,000 German marks. That's volatility (aka bad).

Just hope Satoshi doesn't decide to cash in.
Click to expand...

And that was far from history's worst hyperinflation.

Apropos of nothing really, the falli in value of Terra (halving every 3 hours) was five times faster than what was the worst hyperinflation in history, that of the Hungarian pengö (value halving every 15 hours).
 
You must log in or register to reply here.

Back
Top Bottom