Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BTCMILLIONAIRE
on 14/03/2020, 05:12:22 UTC
Quote from: nutildah on March 14, 2020, 04:26:37 AM
Quote from: BTCMILLIONAIRE on March 14, 2020, 03:54:19 AM
Quote from: bitserve on March 14, 2020, 02:50:13 AM
...
It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.
...
I don't particularly care for the 1 BTC = 1 BTC argument and I wouldn't focus on, or even mention, it to sell anyone on the idea of BTC.

But here you keep ignoring the time variable when you try to assert 1 USD to be 1 USD.

This is only ever true in an isolated snapshot of an arbitrary "now". The functionality of 1 USD at any time t is different from the functionality of 1 USD at any time s that is sufficiently far from t. This does not happen with BTC.

I'm not sure in what other way to verbalize the fact that 1 USD is not always going to be 1 USD. It's not about the paper bill, or the number that shows up in a bank account. Those are entirely arbitrary and irrelevant when it comes to the functionality as money.

If you had a fiat currency without a central bank (or a functional equivalent) you'd have the 1 USD = 1 USD argument in the same way that you have 1 BTC = 1 BTC.

Funny seeing you argue so hard against the idea of a reflexive property but not really surprising.

One thing is always equal to itself regardless of how its value changes.

If you want to say

X1 ≠ X2, with X1 being the value of something in 1984 and X2 being the value of something today

then sure, there's a case to be made for that.

However, a dollar bill printed in 1995 has absolutely the same value as a dollar bill printed today. You can hold them up side by side, and they will both buy you the same amount of coffee. You have to clarify what conditions you are comparing X1 to X2, otherwise you're just not making sense.
This isn't about reflexivity because the argument is precisely that dollars are not reflexive over time when it comes to their functionality as money, and your example doesn't hold either.

Either way, instead of wasting so much time on shitposting you might want to actually use that same energy on trying to actually understand what is being said.

Perhaps you might even be able to figure out that 1 USD at time t (e.g. in the year 1995) is almost never the same as 1 USD at time s =/= t (e.g. today). Your example doesn't hold regardless of the presence of a central bank as it concerns the argument at hand.

Go back to playing Minecraft instead of trying to pretend that the minting date of currency having no impact on its value when spent at the same time is some sort of revelation.