Re: Bitcoin: A Medium of Exchange Not A Fiat Multiplier
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.
Because, it clearly says in the first sentence of the white paper, you do not need to go through financial institution.
that's describing the design of the bitcoin network. trading bitcoins for other currencies is external to that.
if you don't mine bitcoins, the only way to obtain them is to buy them. by the same token, miners need to pay overhead costs in fiat money since landlords, utilities, etc generally don't accept bitcoin.
When you give your btc to a exchange you are going through a financial institution which is not p2p and trading bitcoin for a financial institution`s money supply.
I`ll stick to what the whitepaper says, not the hacked forum account.
I`ll stick to what the whitepaper says, not the hacked forum account.
satoshi's account was hacked in 2010?
where does it say in the whitepaper that people must not ever touch fiat money, nor use financial institutions to buy/sell bitcoin? oh that's right, the whitepaper is about the design of bitcoin, not the destruction of fiat money......
what did satoshi mean when he said "anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it"? you think he was talking about buying for bushels of apples and selling for bushels of apples?
So I own a farm here, none of the prices are relevant to fiat in which I sell my fruit 
I sell my fruit for bitcoin and duration
I sell my fruit for bitcoin and durationcool story, mr. farmer. do you have a stand on the side of a country road where you sell your fruit for bitcoins? maybe a "we accept bitcoin" sign at the farmer's market? and if you want to buy 10 bitcoins, how would you do that?
in the real world, people use fiat money. and people (at least retail investors) who want to buy/sell bitcoins go where the liquidity and the best price is, ie exchanges.