Quote from: k9quaint on August 30, 2013, 01:38:36 AM

Quote from: bcp19 on August 29, 2013, 10:58:29 AM

Quote from: k9quaint on August 29, 2013, 03:04:13 AM

Quote from: Xian01 on August 29, 2013, 03:01:14 AM

Quote from: Inaba on August 29, 2013, 02:50:39 AM

Heh, what a tool.

Are you completely incapable of having discourse without resorting to insults when a counterpoint does not fit your narrative ?

There is no need for that final snipe.

Evolve, Josh.

To be fair, Josh has to argue that receiving less than you paid is good, and that waiting a really long time for your stuff is also good.
Don't give him too hard a time, it is a very difficult position to defend.

You and I had a similar discussion a while back, so let me ask again the question (slightly modified) you never answered: Can you show that the BTC you had last June and every BTC you earned from then until now was never spent, or IF spent, that you ended up with more BTC from having spent it?

Actually, yes I could. However, I only need to show the opportunity cost of turning over my BTC to another party. That third party gets the chance to benefit from the rise in BTC exchange rate. I have zero chance to benefit from an exchange rate rise if I do not have my BTC. Whoever took my BTC has a higher than zero chance, therefore they are in a better position to capitalize on any rise in exchange rates.

We don't need to talk about exchange rates though. We can just take Josh's example: Give me 400 BTC now (worth $52,000) and I will promise you 200 BTC at some point in the future such that the USD value of that 200 BTC is more than $70,000. In other words, give me $52,000 of BTC now, and I will give you $70,000 of BTC back at some point in the future if the exchange rate goes above $350/BTC.

While I understand the economics involved, I was just asking a straight line question which you answered, and I commend you for your forebearance. The patience needed is not something everyone has.