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Showing 11 of 11 results by Flanelcoin
Might I suggest to some, instead of ignorantly dismissing these folks as outdated hacks, you take this opportunity to refine your arguments. So far, I have barely heard a reasonable argument to anything they've said. Just dismissive rhetoric. That is childish behavior and if the Bitcoin community is hoping to go up against the legislators and economists of the world, YOU better know what YOU'RE talking about. Passion and belief does not make a winning argument, because even outdated hacks can tear most of you novices to pieces in a round table discussion like this.
They mentioned Paul Krugman. Yeah, the Pulitzer winning economist. While I couldn't disagree more with MOST of their statements, simply disagreeing isn't going to win any debates against minds like Paul Krugman. If you're not prepared to step on that stage, might I suggest remaining quite, as to not make the whole of Bitcoin look like a bunch of whining elementary kids, playing around with their "hacker science project." It only serves to help their arguments. Just saying...
/rant over
They mentioned Paul Krugman. Yeah, the Pulitzer winning economist. While I couldn't disagree more with MOST of their statements, simply disagreeing isn't going to win any debates against minds like Paul Krugman. If you're not prepared to step on that stage, might I suggest remaining quite, as to not make the whole of Bitcoin look like a bunch of whining elementary kids, playing around with their "hacker science project." It only serves to help their arguments. Just saying...
/rant over
Many have tried but discussion is a blatant waste of time, perhaps the worst one. Have you seen the people on the show? Have you heard Paul "animal spirits" Krugman talking? These people are not by the slightest interested in the truth, or even in consistency, or even in discussion.
You do not argue with these people. They are NOT going to listen and they are NOT going to pay attention to your arguments, even if you have a paper signed by God himself to be the absolute truth embedded in the nature of our universe. They have killed in themselves their ability to pursue truth in order to achieve certain power positions.
So you do NOT waste energy by debating them: doing so will cause them to raise their voices and interrupt you, and not let you talk.
What you do is quietly doing and proving to the world that what you do actually works well.
Oh, and keep in mind the reasons why we laugh away and disregard these people: their "arguments" are not well-shaped but perhaps erroneous products of a certain school of thought. No, they are bottom-up designed in order to influence the actions of people. Punchlines. Use the words "antisocial", "society", "together", just like you can use words like "fatherland", "God", "freedom and democracy" and you might push certain emotional buttons.
As soon you realize that these arguments are not thoughts but instruments that have little to do with truth, you will understand why lies persist in politics.
Gentlemen,
Some great and valid points have been made above. Speculation and price increase are necessary for fluent adoption, and more improvement is done on the system than ever. Just look at how they fixed the fork.
Of course, we need a quantum leap in infrastructure quality. That is holding us back severely, and that caused the recent crash. We need big money and big finance and big technology to help us on that one.
Some great and valid points have been made above. Speculation and price increase are necessary for fluent adoption, and more improvement is done on the system than ever. Just look at how they fixed the fork.
Of course, we need a quantum leap in infrastructure quality. That is holding us back severely, and that caused the recent crash. We need big money and big finance and big technology to help us on that one.
Gentlemen,
Keep in mind that Bitcoin value is a very complex thing on a systems scale.
Uranium might be cheap if you have no nuclear power plants. Once you do, it is no longer so.
The perhaps paradox with Bitcoin is this: as a pure currency in the price mechanism sense (a calibration unit for measuring relative values) it might indeed very well be overvalued, but then Bitcoin right now is mostly an extremely convenient value carrier and not so much a currency.
But.
The benefits of it, as a tool, as a resource for financial operations engines of great power, can save up a lot of relative value and energy (in terms of transaction speeds, fees, ...). So the question is:
How much value would it generate when compared to today's systems while integrated into an X-sized financial market?
Please note, that this is the same as: "how much energy would lubricating oil save in mechanisms when adopted?" and practically boils down to "how much energy would uranium fission free?".
So the value of bitcoin in a extratemporal, systems perspective is in fact for a large part the value of the energy freed by the technical advantages of it in a market of a certain size. How big will the market be? Well, that's the question.
Oh, right, the paradox part. In order to be adopted by such a market, the bitcoin price needs to be massively higher than this to offer good liquidity and use for abstract financial operations.
So, it's overvalued now, but undervalued considering what can come, so overvaluation leads to correct value?!
Keep in mind that Bitcoin value is a very complex thing on a systems scale.
Uranium might be cheap if you have no nuclear power plants. Once you do, it is no longer so.
The perhaps paradox with Bitcoin is this: as a pure currency in the price mechanism sense (a calibration unit for measuring relative values) it might indeed very well be overvalued, but then Bitcoin right now is mostly an extremely convenient value carrier and not so much a currency.
But.
The benefits of it, as a tool, as a resource for financial operations engines of great power, can save up a lot of relative value and energy (in terms of transaction speeds, fees, ...). So the question is:
How much value would it generate when compared to today's systems while integrated into an X-sized financial market?
Please note, that this is the same as: "how much energy would lubricating oil save in mechanisms when adopted?" and practically boils down to "how much energy would uranium fission free?".
So the value of bitcoin in a extratemporal, systems perspective is in fact for a large part the value of the energy freed by the technical advantages of it in a market of a certain size. How big will the market be? Well, that's the question.
Oh, right, the paradox part. In order to be adopted by such a market, the bitcoin price needs to be massively higher than this to offer good liquidity and use for abstract financial operations.
So, it's overvalued now, but undervalued considering what can come, so overvaluation leads to correct value?!
Do view my thread on the theory whether BC are a pyramid-ponzi or not.
But the USD is certainly not. It is constantly printed and is directly correlating in the best case scenario to increase in economic output.
BC mining is not remotely correlating to any real world event and are mined out of thin air.
But if this service becomes the "only viable" service in its market say by gaining monopoly status (60% market share) in the anon-currency world and maintaining it then as a service it can be valued at this price or even higher.
That's the only question. Those investing in a "deflationary currency" are greedy individuals (we all got it a bit) trying to make money out of no produce and are thus contributing to a bubble which the actual users do not want.
Frankly all you folk into this and gold and silver and so on aren't doing anyone any good.
You're basically storing up funds instead of investing them back into the economy more or less hoping that everything else goes to hell.
You're hurting america
The difference is that since BC depends on commerce things aren't quite the same.
But the USD is certainly not. It is constantly printed and is directly correlating in the best case scenario to increase in economic output.
BC mining is not remotely correlating to any real world event and are mined out of thin air.
But if this service becomes the "only viable" service in its market say by gaining monopoly status (60% market share) in the anon-currency world and maintaining it then as a service it can be valued at this price or even higher.
That's the only question. Those investing in a "deflationary currency" are greedy individuals (we all got it a bit) trying to make money out of no produce and are thus contributing to a bubble which the actual users do not want.
Frankly all you folk into this and gold and silver and so on aren't doing anyone any good.
You're basically storing up funds instead of investing them back into the economy more or less hoping that everything else goes to hell.
You're hurting america
The difference is that since BC depends on commerce things aren't quite the same.
UR HURTING MURICAAH!
Is someone printing morons?
Lots of stupid answers here. The Bren (mainstay LMG of the British army for decades!) and the Madsen also used top-mounted magazines, with the sights at the side of the magazine. These were very well-liked and successful weapons.
So I simply have to make 5 posts and I can then contribute like a normal member?
I guess the restriction is just to stop the annoying spammers...
I guess the restriction is just to stop the annoying spammers...
Probably.
/5th
hard to find sensible and grown-up posts to make while i wait for access to the actual forum sections i am interested in.
I mine litecoins
I mine litecoins
Indeed.
I feel punished for someone else's faults
this.
/post 1
/agree