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Message
re: Will Bitcoin be built under rather than on top of?
Posted on 2/6/14 at 2:42 pm to joshnorris14
Posted on 2/6/14 at 2:42 pm to joshnorris14
quote:
I don't know if you've read Socrates, but my statement certainly wasn't Socratic.
I am very, very familiar with all of the 'Big 3' Greeks, philosophy was my minor to particle physics before I went into finance. I also said Psuedo-Socratic, basic Socratic would just be asking for clarity or probing of information. Regardless, the questioning of basic assumptions is the primary motivation.
quote:
The base state in nature is not centralized.
This is so untrue from every particle physics, chemical, and scientific standpoint its unreal. How can you possibly defend a statement like this.
1
Posted on 2/6/14 at 2:45 pm to BennyAndTheInkJets
I'm just gonna sit here and watch for a while.
Posted on 2/6/14 at 2:47 pm to joshnorris14
quote:Wiki used it at about this time last month in his "predict the price of bitcoin at the end of this year" thread on here.
You try way to hard to be a convincing liar.
Mt Gox has been abandoned, the community hasn't used the Gox price for at least 6 weeks now.
Are you calling wiki a liar? Or is he not part of the bitcoin "community"???
quote:It dropped $51 on bitstamp and $40 on btc-e.
(Bitstamp, BTC-e, et cetra) have only dropped $20-30.
Btw, it's 'too' not 'to.'
Posted on 2/6/14 at 2:47 pm to Broke
Mt Gox was never the gold standard. It has been hated in the community for years but was the only viable major exchange until last Spring. it was overtaken by Huobi on November and then a litany of other exchanges in December.
Posted on 2/6/14 at 2:48 pm to Broke
quote:
I'm just gonna sit here and watch for a while.
I think you are hoping for the same thing I am. It'll be akin to watching the zookeeper feed mice to the python.
Posted on 2/6/14 at 2:51 pm to joshnorris14
quote:
Mt Gox was never the gold standard.
The MtGox prices were all we heard quoted for years.
Joshie, you're just precious. That's all I can say.....
Posted on 2/6/14 at 2:51 pm to htownjeep
quote:
I think you are hoping for the same thing I am. It'll be akin to watching the zookeeper feed mice to the python.
Posted on 2/6/14 at 2:54 pm to joshnorris14
quote:
Mt Gox was never the gold standard. It has been hated in the community for years but was the only viable major exchange until last Spring
I feel cheated. Why would Wiki use it for his annual contest then?
LINK
Posted on 2/6/14 at 2:55 pm to Broke
quote:
but to discount the impacts of the financial and economic world on them is obtuse.
Never mind that. Discounting the impacts of government itself is beyond obtuse. Usually, it's outright suicidal.
That's the main thing that the bitcoinistas are ignoring. They envision this endpoint where, at a minimum, hundreds of millions are demanding and trading in a decentralized currency and the leaders of the world just throw up their hands and go "Well...OK"
Posted on 2/6/14 at 2:55 pm to LSURussian
False dichotomy, I think Wiki should've used the Bitstamp or a index of prices as the exchange rate, but Mt Gox had been used for years so I can see why he chose that. Today it's really not accurate to cite the Gox price. It's been $100+ higher than all of the major exchanges with higher volumes since mid-December.
And regardless of the lows on Bitstamp and BTC-e (which are considerably higher than -$100 and are actually used to exchange fiat currencies for Bitcoin) it's still disengenious to make it seem like the drop on Gox has anything to do with bitcoin. They have stopped a ton of withdrawals in non-USD fiats. They are likely experiencing a run.
And regardless of the lows on Bitstamp and BTC-e (which are considerably higher than -$100 and are actually used to exchange fiat currencies for Bitcoin) it's still disengenious to make it seem like the drop on Gox has anything to do with bitcoin. They have stopped a ton of withdrawals in non-USD fiats. They are likely experiencing a run.
Posted on 2/6/14 at 2:56 pm to htownjeep
quote:
I think you are hoping for the same thing I am. It'll be akin to watching the zookeeper feed mice to the python.
Josh is about to go to school. I'm just standing by the bus watching him leave for his first day.
Posted on 2/6/14 at 2:56 pm to Walking the Earth
It's going to be the samr thing that happened to music but on a larger scale.
Posted on 2/6/14 at 2:57 pm to joshnorris14
quote:
It's going to be the samr thing that happened to music but on a larger scale.
Like when rap was introduced and music went to shite?
Is bitcoin the gangster rap of the currency world?
Posted on 2/6/14 at 2:58 pm to OnTheBrink
Did you even read Wiki's post?
Posted on 2/6/14 at 2:58 pm to joshnorris14
Not really. The government doesn't care if you rip off Metallica.
They get a little more invested when they're the ones getting screwed.
They get a little more invested when they're the ones getting screwed.
Posted on 2/6/14 at 2:59 pm to joshnorris14
quote:
Did you even read Wiki's post?
Yes.
Posted on 2/6/14 at 2:59 pm to Walking the Earth
quote:
Discounting the impacts of government itself is beyond obtuse.
I thought because of our non-laissez faire policies I sorta thought this was implied. Sorry about that.
Posted on 2/6/14 at 2:59 pm to Broke
Whatever value judgement you want to place on using cryptocurrencies is up to you
Posted on 2/6/14 at 3:00 pm to joshnorris14
quote:
I think Wiki should've used the Bitstamp or a index of prices as the exchange rate, but Mt Gox had been used for years so I can see why he chose that.
I even explained in that thread that I chose the MtGox price because it was the only exchange with sufficient volume throughout the entire year.
Don't waste your time with these guys that are trying to find "gotchas."
Posted on 2/6/14 at 3:00 pm to OnTheBrink
Well then you should have your answer on why he used the Mt Gox price because he explicitily stated himself and the explanation lines right up with my post.
This post was edited on 2/6/14 at 3:02 pm
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