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WTF Bitcoin?
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2017-07-28 at 2:27 PM UTCYou stupid idiots are going to lose every penny in bitcoin :)
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2017-07-28 at 4:31 PM UTC
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2017-07-28 at 7 PM UTC
Originally posted by aldra mcaffee's fucking insane, 1BTC is not going to hit 500k and he will have to eat his own dick, preferably with a knife and fork
He likes to troll a lot to people who interview him. not sure why he does this. maybe so nothing he says is factual
He said it convincingly .. it does sound absurd but fuck you never fucking know -
2017-07-28 at 8:24 PM UTC
Originally posted by benny vader ok.
Tired position. Either the value of a chunk of gold is its utility, in which case it's no more a currency than sheep is a currency (making it significantly less valuable than sheep) or its value is its status as a token which can be exchanged for goods, in which case its value is contingent on collective faith in its continuing ability to be exchanged in such a manner at such a rate. -
2017-07-28 at 8:39 PM UTCWhen idiot rejects like yourselves try to make sense of economics it me laugh
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2017-07-28 at 8:40 PM UTCa gold coin takes about 16003000 kilo calories to produce.
it will not corrode, it will not decay, it will not degrade. it is the testament of 16003000 kilo calories stored and preserved.
but then someone found a ruby, a chunk of ruby spending merely 36656calories doing that and decided to sell it for 2gold coins.
is that faith ??? -
2017-07-28 at 8:50 PM UTC
Originally posted by benny vader a gold coin takes about 16003000 kilo calories to produce.
it will not corrode, it will not decay, it will not degrade. it is the testament of 16003000 kilo calories stored and preserved.
but then someone found a ruby, a chunk of ruby spending merely 36656calories doing that and decided to sell it for 2gold coins.
is that faith ???
I feel this is a loaded question in which neither answer of yes or no will go without criticism of some sort -
2017-07-28 at 8:51 PM UTC
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2017-07-28 at 8:56 PM UTC
Originally posted by benny vader a gold coin takes about 16003000 kilo calories to produce.
it will not corrode, it will not decay, it will not degrade. it is the testament of 16003000 kilo calories stored and preserved.
but then someone found a ruby, a chunk of ruby spending merely 36656calories doing that and decided to sell it for 2gold coins.
is that faith ???
Yes, see prior post -
2017-07-28 at 9:11 PM UTC
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2017-07-28 at 9:16 PM UTC
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2017-07-28 at 9:19 PM UTC
Originally posted by Lanny Tired position. Either the value of a chunk of gold is its utility, in which case it's no more a currency than sheep is a currency (making it significantly less valuable than sheep) or its value is its status as a token which can be exchanged for goods, in which case its value is contingent on collective faith in its continuing ability to be exchanged in such a manner at such a rate.
9. It costs the U.S. Mint almost twice as much to mint each penny and nickel as the coins are actually worth. Taxpayers lost over $100 million in 2013 just through the coins being made.
https://www.buzzfeed.com/tomphillips/42-incredibly-weird-facts-youll-want-to-tell-people-down-the?utm_term=.bvZRRbDx9#.hdN99Gl7D
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2017-07-28 at 9:41 PM UTC
Originally posted by Lanny You'll notice people also want paper currency, in fact with some greater frequency than gold I've found.
no, the truth is that they want gold. but in the time of peace, out of sheer convenience, they put their faith in coins and papers best believing that these papers represent golds.
wait till war happens and when that faith evaporate. gold will continue to be wanted.
which is why so many jedis managed to escape. -
2017-07-28 at 10:39 PM UTC
Originally posted by benny vader usd is used by world economy while bitcoints are used by dark economy.
its only a matter of time before it got shut down for facilitating drug trade, terror financing, money laundering and tax evasion etc etc.
it will happen when you least suspected.
Let me just stop you right there: AT&T and Dish Network both accept bitcoin for payment. -
2017-07-28 at 10:47 PM UTC
Originally posted by benny vader no, the truth is that they want gold. but in the time of peace, out of sheer convenience, they put their faith in coins and papers best believing that these papers represent golds.
wait till war happens and when that faith evaporate. gold will continue to be wanted.
which is why so many jedis managed to escape.
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2017-07-29 at 6:55 AM UTC
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2017-07-29 at 6:56 AM UTC
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2017-07-29 at 4:28 PM UTC
Originally posted by Totse 2001 TAFK stop being a one liner know it all. expand and explain without plagiarizing some website.
Speculative financial bubbles of the past are often in the form of money substitutes. I'd rather put $5,000 in a bank account for the next 30 years than buy $5,000 in bitcoin --- I don't think bitcoin will be around forever. -
2017-07-30 at 1:15 AM UTC
Originally posted by aldra mcaffee's fucking insane, 1BTC is not going to hit 500k and he will have to eat his own dick, preferably with a knife and fork
He's pretty out there. go watch a documentary on him. He's living the wild west right now in Belize
oh wait.. No Portland Ore.
He's still pretty Far Out (using an old 60/70s term because I feel he's living in the 70s still)
Hey, What's AIDS??? McAfee is rich and 67 years old and looks fucking 45. I don't think he cares.. he's spending what's left of his youth in crazyland. -
2017-07-30 at 1:18 AM UTC
Originally posted by TAFK Dumpster Slut Speculative financial bubbles of the past are often in the form of money substitutes. I'd rather put $5,000 in a bank account for the next 30 years than buy $5,000 in bitcoin — I don't think bitcoin will be around forever.
I agree with you, but the Petro is real.. with some inflated speculative keeping it afloat. Oil will always be needed. The glass and or plastic uses petroleum in both windmills and solar panels.
Petrolium based Oil still powers generators; which put out the most power. and Texas Billionairs will make sure it's still valuable years to come.
