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quote:Like I think the US dollar was more or less based on precious metals but nowadays its value isn’t actually backed up by much other than faith and common agreement? This isn't necessarily wrong but it's also very simplistic. The dollar is backed up by the US economy, which is still one of the best places in the world to invest your capital. It's also backed up by the fact that US taxes must be paid in US dollars and also the military/police enforcing those taxes. The 'nothing' behind fiat currency is not the same 'nothing' behind cryptos. But yeah technically it's all just faith and agreement and there's obv no inherent value behind a scrap of parchment other than what people are willing to give you for it.
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Jan 24, 2018 01:09
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Moridin920 posted:This isn't necessarily wrong but it's also very simplistic. The dollar is backed up by the US economy, which is still one of the best places in the world to invest your capital. It's also backed up by the fact that US taxes must be paid in US dollars and also the military/police enforcing those taxes. Money has also been an abstract concept to represent utility for a long time now too. Why is a commodity, or some limited source any more "real" than a note representing the economy of the issuing country
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Jan 24, 2018 01:11
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Even on SA the amount of suddenly committed socialists itt is somehow suspicious (Nothing against the real thing, you guys go on driving the left to do something)
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Jan 24, 2018 01:11
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Imagine actually caring about money lol
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Jan 24, 2018 01:13
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All you coiners have earned is a date against the wall when the revolution comes
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Jan 24, 2018 01:13
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Rufio posted:Call me old fashioned, but I work for my money I work hard for the money. Ergo, you'd better treat me right
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Jan 24, 2018 01:13
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Adar posted:Even on SA the amount of suddenly committed socialists itt is somehow suspicious Fiat currency is a tool of the state to control the economy, I would say it has it support among the left wing
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Jan 24, 2018 01:17
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ephex posted:https://twitter.com/stripe/status/955878329785053184 Uhh, yes it is great, only a bump in the road to the moon... In the same post they are admitting the Lightning Network will fix everything 🤷🏻♂️ It's just a temporary setback "Despite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future. We’re interested in what’s happening with Lightning and other proposals to enable faster payments. OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow. It’s possible that Bitcoin Cash, Litecoin, or another Bitcoin variant, will find a way to achieve significant popularity while keeping settlement times and transaction fees very low. Bitcoin itself may become viable for payments again in the future. And, of course, there’ll be more ideas and technologies in the years ahead."
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Jan 24, 2018 01:18
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Rufio posted:All you coiners have earned is a date against the wall when the revolution comes  This is me IRL: 
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Jan 24, 2018 01:18
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EAT FASTER!!!!!! posted:She's also pretty wealthy as a consequence of crypto, while you seem to have invested chiefly in poo poo posts? EAT FASTER!!!!!! posted:I know it's a longstanding point of pride to literally never believe anyone on the internet about anything that they post, ever, but it's gobsmacking to me that skepticism has caused so many goons to sit out on the most dramatic asset appreciation in modern history because they want to sit here and post "lolbuttcoins." Moxxis Endowment posted:These are the "revolutionaries" we're supposed to be afraid of: welp, that's a lol Zelder fucked around with this message at 01:35 on Jan 24, 2018 |
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Jan 24, 2018 01:22
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Moxxis Endowment posted:These are the "revolutionaries" we're supposed to be afraid of: Please keep posting more sick memes from the dude that dressed himself in diaper to own tbe libs
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Jan 24, 2018 01:23
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BigGovSucks would be a good username
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Jan 24, 2018 01:26
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EAT FASTER!!!!!! posted:Interestingly while this was true once upon a time with stocks that offered dividends, it's not really so much the case with growth stocks. Similarly, any company whose debt exceeds its equity exists in a world in which shareholders wouldn't even be entitled to assets if the firm were liquidated but yet these shares trade at high multiples of earnings. Lol, my man, you are in dangerous violation of BFC protocol. Please hand in your badge and gun
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Jan 24, 2018 01:27
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Moxxis Endowment posted:These are the "revolutionaries" we're supposed to be afraid of: Not a chance you weigh sub 150 with those guns.
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Jan 24, 2018 01:30
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TheBizzness posted:Not a chance you weigh sub 150 with those guns.
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Jan 24, 2018 01:47
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Moxxis Endowment posted:This is me IRL: 
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Jan 24, 2018 01:51
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quote:I know it's a longstanding point of pride to literally never believe anyone on the internet about anything that they post, ever, but it's gobsmacking to me that skepticism has caused so many goons to sit out on the most dramatic asset appreciation in modern history because they want to sit here and post "lolbuttcoins." yeah and some people win the lotto too but it's still a tax on people who don't get math
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Jan 24, 2018 01:52
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that lady is 37 years old you liar
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Jan 24, 2018 01:52
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imo you should rereg to do a good gimmick
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Jan 24, 2018 01:54
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imo eat moxxis and take his poo poo uraniums ok for now ham sangas is completely harmless and hilarious
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Jan 24, 2018 01:54
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Moxxis Endowment posted:I'm not a Bitcoin-only "reee" fanatic or anything I just recognize the value of the tech. I'm calling your bluff on this. Tell us how the tech itself is actually valuable or useful.
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Jan 24, 2018 02:42
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When I saw the 10 bux worth of bitcoin cash i had gotten turned into 6 bux, i took it to a casino, there it went from 6 bux to 9 bux, and now it is down to 2 bux. I want the ten or so mins I spent on this back. How lame.
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Jan 24, 2018 02:54
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Ima gonna move 300k out of my. Stock indexes into a money market tomorrow. Good move? Leaving about 700. Is this the thread to ask this? I want fair and balanced
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Jan 24, 2018 03:07
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Invest it in Neukoln19
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Jan 24, 2018 03:08
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Burt Sexual posted:Ima gonna move 300k out of my. Stock indexes into a money market tomorrow. Good move? Leaving about 700. Is this the thread to ask this? I want fair and balanced Have you heard about Garlicoin?
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Jan 24, 2018 03:09
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Top Markets 2018 .... 12) Ireland 13) Neukoln19 14) Bulgaria .... As you can see here...
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Jan 24, 2018 03:09
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I’m serious guys
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Jan 24, 2018 03:11
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Ham Sandwiches posted:You can be broke and post about bitcoin all you want, but it's not cool if you have money. Then it's suddenly bad.  "shine on in your world of fantasy hammy. shine on also if you have $1.5M in the bank and would give away all the info anyone needs to steal your identity for a whopping $25K in realized gains you might want to reevaluate how smart you are even ignoring how many bullets you dodged by blind luck to come out ahead if you got in years ago. the active scammers are the ones not working blind in all this. theyre the ones who get to claim intelligence
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Jan 24, 2018 03:11
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gary oldmans diary posted:lmao i never get tired of how you rewrite past conversations. someone getting talked down because they stupidly equate being one of the people ahead in bitcoin by participating in a recognized scam (and markedly unethical for how well it facilitated crime) early with being intelligent: "goons are victimizing him because he has money Banks and my broker have all my PII
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Jan 24, 2018 03:14
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Burt Sexual posted:Banks and my broker have all my PII
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Jan 24, 2018 03:17
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I'm all in on MJX
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Jan 24, 2018 03:18
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gary oldmans diary posted:look at this idiot living on the grid. what an idiot Which is why I’m moving money. gently caress
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Jan 24, 2018 03:21
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gary oldmans diary posted:lmao i never get tired of how you rewrite past conversations. someone getting talked down because they stupidly equate being one of the people ahead in bitcoin by participating in a recognized scam (and markedly unethical for how well it facilitated crime) early with being intelligent: "goons are victimizing him because he has money News flash buddy: that’s how Wall Street works lol! It’s a scam upon a scam! Try getting all your money out of a bank sometime!!!! If everyone does it at the same time, banks crash!
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Jan 24, 2018 03:21
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http://www.abc.net.au/news/2018-01-24/cryptocurrency-backed-by-gold-being-developed-perth-mint/9352036quote:Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.
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Jan 24, 2018 03:28
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https://i.imgur.com/DWrI2JY.mp4
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Jan 24, 2018 03:32
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I have carefully considered whether or not to throw my money into the internet thunderdome where libertarians battle scammers.
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Jan 24, 2018 03:57
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quote:thunderdome thunderdome thunderdome
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Jan 24, 2018 04:03
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 https://www.youtube.com/watch?v=EhL2OWXZ26s
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Jan 24, 2018 04:23
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lazorexplosion posted:I have carefully considered whether or not to throw my money into the internet thunderdome where libertarians battle scammers. You said the same thing twice
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Jan 24, 2018 04:24
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man I’m so tired of all of these butt coins
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Jan 24, 2018 04:24
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