Quote from: TimeBits on July 29, 2019, 09:32:19 PM

Quote from: figmentofmyass on July 29, 2019, 09:30:14 PM

Quote from: TimeBits on July 29, 2019, 09:09:11 PM

who is "they"?

fiat money is being slowly devalued but bitcoin's value is rising much faster. there's no point complaining about human nature. it's just rational greed playing out.

The bankers, the FED.

How do you measure that? fiat?

purchasing power. let's compare october 2010 purchasing power to june 2019: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=201010&year2=201906

inflation is up 17%. bitcoin---not accounting for inflation---is up ~94999900% over the same period.

Quote from: TimeBits on July 29, 2019, 09:32:19 PM

LOL, I am not complaining I am showing people why they are dumb.

they aren't dumb, they are just rationally greedy. see bitcoin gains in USD vs inflation above. people don't want to be restricted to transacting with the small number of people/merchants/services using bitcoin at this point. they just want the purchasing power---the wealth.

Quote from: TimeBits on July 29, 2019, 09:32:19 PM

btw, he does not mention about selling it for fiat.

I have obtained bitcoin with no fiat, I have bought items with no fiat, I have traded bitcoin for many things, food, water and computers without any fiat. Never used any fiat to obtain bitcoin, never sold any bitcoin for fiat. I have bitcoin left over and items left over. NO FIAT NEEDED

your items which were bought with fiat? whose supply lines are all paid for with fiat? lol. Roll Eyes

why are you using satoshi's writings as support for your position? he obviously wasn't nearly as fanatical as you. his words show that he supported free markets. the only person in the room who thinks bitcoin shouldn't trade against fiat is you.