General

Re: What Bitcoin is

wakefield4011 — Fri, 10 May 2013 15:14:15 GMT

Bitcoins now able to purchase gift cards on-the-spot through Gyft, making retail purchases through bitcoin easier.

http://uptweet.com/viewStory?id=1253

Re: What Bitcoin is

Blargg — Tue, 07 May 2013 16:29:44 GMT

I tried to quote Blargg in post 223 here, but something technical failed.

Haha, this forum software is made of fail.

Re: What Bitcoin is

Malachi — Tue, 07 May 2013 10:40:09 GMT

Bitcoin's commodity value is--virtually zero.

in your opinion perhaps. regardless, this is a thymological proposition.

So if its exchange value disappeared it'd be gone.

no, people would use it as a commodity more often because it would be less expensive to use it as a commodity. the same thing would happen to gold.

Re: What Bitcoin is

Peter Šurda — Tue, 07 May 2013 09:38:49 GMT

Smiling Dave, you can't even formulate the premises or the question in a coherent manner, so any resemblance of a "proof" has a long way to go.

Re: What Bitcoin is

Helloween — Tue, 07 May 2013 09:14:36 GMT

"Fiat currencies are all backed. No, they really are: they will always buy one temporary relief from the thugs that issue it." ... ... And Bitcoin "is backed" by the little advantage of not having to pay those "reliefs to the thugs", in many circumstances, like taxes and inflation. That'd be worth some few tens of percent of everything which everyone creates with their labour, wouldn't it? How much is that? ... ... I tried to quote Blargg in post 223 here, but something technical failed.

Re: What Bitcoin is

Smiling Dave — Tue, 07 May 2013 09:04:01 GMT

Bitcoin's commodity value is--virtually zero. So if its exchange value disappeared it'd be gone.

But Anenome, what about Malachi's argument that bitcoin is just what James Bond is looking for? Help me out here.

Re: What Bitcoin is

Smiling Dave — Tue, 07 May 2013 08:55:40 GMT

SD, why are you so damn scared by Bitcoin?

I like it so much seeing how you have been slammed by history in these past years :-D

When Pythagoras proved A squared plus B squared equals C squared, someone asked him why he is so scared of them being unequal.

Far be it from me to ruin your little pleasures, so don't search my site for "Ithaca Hour".

Re: What Bitcoin is

Dusty — Tue, 07 May 2013 06:06:03 GMT

SD, why are you so damn scared by Bitcoin?

I like it so much seeing how you have been slammed by history in these past years :-D

Re: What Bitcoin is

Anenome — Tue, 07 May 2013 06:03:23 GMT

Malachi:

You don't get to claim victory until it comes crashing down.

thats not really true. its always possible that we will discover an element even more suitable for money than gold. does that mean gold isnt money?

And that would mean what, gold reverting to its purely commodity price of perhaps a couple hundred an ounce, if that.

Bitcoin's commodity value is--virtually zero. So if its exchange value disappeared it'd be gone.

Re: What Bitcoin is

MoonShadow — Tue, 07 May 2013 05:25:02 GMT

Smiling Dave:

Moon,

We do try to keep the level of conversation here above that of an infomercial. You know, stuff like giving evidence for otherwise empty assertions.

So how do you know the future? Are you Dr Who?

My assertions are not empty, I'm jsut not interested in repeating myself. Particularly in a fruitless attempt to convince someone on the Internet. The relevant data is on this forum, as well as much more of it in bitcoin forums. If you don't like Bitcoin, don't buy it.

BTW, how have you refuted the regression theorem w.r.t bitcoin?

Bitcoin does not violate the regression theorem, you've been misapplying it. And since this has been pointed out to you in the past, repeatedly, well over a year ago; I assume you do so deliberately. If nothing else, you remain willfully ignorant of the facts.

Re: What Bitcoin is

Malachi — Tue, 07 May 2013 02:30:15 GMT

You don't get to claim victory until it comes crashing down.

thats not really true. its always possible that we will discover an element even more suitable for money than gold. does that mean gold isnt money?

Re: What Bitcoin is

Anenome — Tue, 07 May 2013 02:22:11 GMT

Smiling Dave:

Aneneome,

What's to explain? Tulipmania? Bitcoinmania?

The drop today from $125 to $106?

Oh boo-fuckin-hoo bitcoin lost a few dollars in value today, oh noes! Must mean tulips! Lol, get a grip dude. You don't get to claim victory until it comes crashing down. Until it does, every proceeding day makes you look more and more like a fool. Own it.

Re: What Bitcoin is

Malachi — Tue, 07 May 2013 02:02:27 GMT

Even if we grant bitcoin can be used to send love letters, which more informed posters here say has prohibitive transaction costs, but it in fact has never been used that way. So that no one looked at their bitcoin and said. "I really want this so I can send encrypted messages". Thus it is not valued for that use by anyone.

that is a preposterous series of arguments by assertion. first of all, you are proposing to settle a praxeological claim with a thymological observation, and secondly, that observation you cannot make, by necessity of the bitcoin message being encrypted. its actually an incredible feat because the crypttext is publicly viewable, indeed it is redundantly distributed all over the world. but the message remains so private that no one even knows it exists except for the author and receipient.

Quick poll: All you readers used their botcoin to send secret messages unrelated to the fact of them having a bitcoin, raise your hand. Nobody? Nobody.

thats like an individual refusing to believe that a given woman has nipples in her breasts because no women have ever shown him or her their breasts. the messages are private. why would someone, or anyone, do the ridiculous things you guys expect of them? "what secret messages have you been sending? what was the last thing you bought with a bitcoin!?" its the antibitcoin geheimnisvoll statsipolizei

Re: What Bitcoin is

Smiling Dave — Tue, 07 May 2013 01:31:09 GMT

Aneneome,

What's to explain? Tulipmania? Bitcoinmania?

The drop today from $125 to $106?

Re: What Bitcoin is

Smiling Dave — Tue, 07 May 2013 01:29:03 GMT

Moon,

We do try to keep the level of conversation here above that of an infomercial. You know, stuff like giving evidence for otherwise empty assertions.

So how do you know the future? Are you Dr Who?

BTW, how have you refuted the regression theorem w.r.t bitcoin?

Malachi,

Even if we grant bitcoin can be used to send love letters, which more informed posters here say has prohibitive transaction costs, but it in fact has never been used that way. So that no one looked at their bitcoin and said. "I really want this so I can send encrypted messages". Thus it is not valued for that use by anyone.

Quick poll: All you readers used their botcoin to send secret messages unrelated to the fact of them having a bitcoin, raise your hand. Nobody? Nobody.