the arguments I've heard for this strike me as nonsense. currencies predate central banks. currencies can be hoarded. currencies can be badly managed, have inadequate liquidity, etc. All of these things have happened in the past. It's more a currency than a commodity, it's just a really crappy one because it lacks adequate flexibility/liquidity.
― --808 542137 (Hurting 2), Friday, April 12, 2013 12:35 PM (24 seconds ago) Bookmark Flag Post Permalink
youre just talking about an antiquated definition of currency, the gold standard etc, bitcoins are a commodity not a currency by contemporary standards
― lag∞n, Friday, 12 April 2013 16:37 (eleven years ago) link
xp anyway it's kind of a semantic argument. I guess I'm splitting hairs between "unsuccessful currency" and "not currency"
― --808 542137 (Hurting 2), Friday, 12 April 2013 16:37 (eleven years ago) link
in that theres a finite amount of them, theres no central bank etc
what could they do is the question, shut down some exchanges, make it illegal to accept thm, but not all of them are under their jurisdiction, and the bitcoin audience being what it is im sure theyd find ways to set up new safe ones anyway, of course if the whole thing gets too difficult it would def impede mass adoption, anyway i agree and hope that they leave it alone cause its an interesting an hilarious experiment
― lag∞n, Friday, April 12, 2013 11:32 AM (4 minutes ago) Bookmark Flag Post Permalink
even shutting down a few exchanges will cause the whole thing to tank
― iatee, Friday, 12 April 2013 16:37 (eleven years ago) link
of all the trade done by bitcoins what %age of it is via one of the bitcoin-to-dollar exchanges?
― attempt to look intentionally nerdy, awkward or (thomp), Friday, 12 April 2013 16:39 (eleven years ago) link
yeah if you can't make any ol' transaction with them w/o going thru an exchange, it's not really a currency, is it? "not yet" yeah yeah
― goole, Friday, 12 April 2013 16:39 (eleven years ago) link
I think you can make transactions with them without "going through an exchange" -- the exchanges are just where you buy them with dollars, euros, etc., no?
― --808 542137 (Hurting 2), Friday, 12 April 2013 16:40 (eleven years ago) link
I mean, you know, only on sites that "accept bitcoins" but
― iatee, Friday, April 12, 2013 12:37 PM (2 minutes ago) Bookmark Flag Post Permalink
yah this is prob true, or at least theyd go back to being worth 50cents and only traded by hardcore enthusiasts and people who want to buy drugs over the internet
― lag∞n, Friday, 12 April 2013 16:41 (eleven years ago) link
gimme pound gimme pound gimme bitcoin gimme yen
― sleepingbag, Friday, 12 April 2013 16:41 (eleven years ago) link
hurting: yeah that wasn't what i meant, oops. what &age of people selling things for bitcoins are selling them for bitcoins and not for 'the bitcoin equivalent of x dollars', i guess is what i wanted to ask.
― attempt to look intentionally nerdy, awkward or (thomp), Friday, 12 April 2013 16:42 (eleven years ago) link
people will meet under the bittonwood tree
― --808 542137 (Hurting 2), Friday, 12 April 2013 16:42 (eleven years ago) link
i just met youand this is crazybut here's my bitcoin public key
― 乒乓, Friday, 12 April 2013 16:43 (eleven years ago) link
― goole, Friday, April 12, 2013 12:39 PM (2 minutes ago) Bookmark Flag Post Permalink
even if you could buy anything with them theyd still be a commodity, like if you could spend gold anywhere it still doesnt make it a currency like say the us dollar is, obvs theres a gray area there but thinking of them as a commodity is much more illuminating and explains things like their current wild swings in value
― lag∞n, Friday, 12 April 2013 16:44 (eleven years ago) link
http://i.imgur.com/75z5P0y.jpg
― 乒乓, Friday, 12 April 2013 16:45 (eleven years ago) link
going old school:
Don't make me waitCome into my houseGIVE ME BITCOIN
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 16:46 (eleven years ago) link
this all so... ron paul
― zero dark (s1ocki), Friday, 12 April 2013 16:46 (eleven years ago) link
http://i.imgur.com/9kCSLZ6.jpg
― 乒乓, Friday, 12 April 2013 16:47 (eleven years ago) link
http://i.imgur.com/xvs4TgX.gif
http://i.imgur.com/UChMe9P.jpg
― ְ֮֠֓֟֬֩ (gr8080), Friday, 12 April 2013 16:48 (eleven years ago) link
https://twitter.com/BItcoinJobs
― 乒乓, Friday, 12 April 2013 16:48 (eleven years ago) link
http://www.bitcoinjobs.com/
― 乒乓, Friday, 12 April 2013 16:49 (eleven years ago) link
http://i.imgur.com/DdKAEOj.png
http://i.imgur.com/vM1Zilm.png
― 乒乓, Friday, 12 April 2013 16:54 (eleven years ago) link
dear god
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 16:54 (eleven years ago) link
http://i.imgur.com/XdkOWod.jpg
http://i.imgur.com/bPm706y.jpg
― 乒乓, Friday, 12 April 2013 16:57 (eleven years ago) link
strawberries were first marinated in a mix of mountain dew and cheetos dust
― Spectrum, Friday, 12 April 2013 16:59 (eleven years ago) link
straw poll, would you eat those berries
― attempt to look intentionally nerdy, awkward or (thomp), Friday, 12 April 2013 16:59 (eleven years ago) link
fuck no
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 16:59 (eleven years ago) link
http://i.imgur.com/Mgftcqh.png
― 乒乓, Friday, 12 April 2013 17:00 (eleven years ago) link
lmao begging for bitcoins on ok cupid is really next level
― lag∞n, Friday, 12 April 2013 17:01 (eleven years ago) link
its like ten levels ahead
other than drugs and maybe online gambling what the hell do you even use a bitcoin for
― frogbs, Friday, 12 April 2013 17:01 (eleven years ago) link
if you buy a bitcoin today by this time tomorrow it will be worth $72,000
― sleepingbag, Friday, 12 April 2013 17:02 (eleven years ago) link
tbqh idg these people who want to be having drugs sent to them in the mail
― lag∞n, Friday, 12 April 2013 17:03 (eleven years ago) link
begging for bitcoins and the opportunity to maybe rape someone, is the thing that's blowing my mind
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 17:03 (eleven years ago) link
all the bases are covered
― lag∞n, Friday, 12 April 2013 17:04 (eleven years ago) link
also the photgraph
its so cold out and its raining
― Reggie (Lamp), Friday, 12 April 2013 17:04 (eleven years ago) link
just cause im wearing a mask pointing aggressively and sometimes think yes means no doesnt mean im going to rape you, come on just give me a bitcoin
― lag∞n, Friday, 12 April 2013 17:06 (eleven years ago) link
http://i.imgur.com/TPqU7Dy.png
― 乒乓, Friday, 12 April 2013 17:11 (eleven years ago) link
― lag∞n, Friday, 12 April 2013 17:03 (7 minutes ago) Bookmark Flag Post Permalink
a lot of silk road transactions are study drugs i think?
― attempt to look intentionally nerdy, awkward or (thomp), Friday, 12 April 2013 17:13 (eleven years ago) link
wtf art thou, Romeo?
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 17:13 (eleven years ago) link
dayo you're making a calendar out of these, right
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 17:14 (eleven years ago) link
where are those amazing okcupids coming from
― zero dark (s1ocki), Friday, 12 April 2013 17:17 (eleven years ago) link
okcgoldmine.com
― 乒乓, Friday, 12 April 2013 17:17 (eleven years ago) link
DJP yah u can pay me in bitcoins @ 31uEbMgunupShBVTewXjtqbBv5MndwfXhb
http://i.imgur.com/R6kEKrH.png
― 乒乓, Friday, 12 April 2013 17:19 (eleven years ago) link
O: http://www.okcupid.com/profile/bitcoin
The six things I could never do withoutConnectivity, Laughter, Food, Friends, Cats, Caffeine
poll imo
― Call me at **BITCOIN (DJP), Friday, 12 April 2013 17:21 (eleven years ago) link
where'd frogbs go
http://i47.tinypic.com/2j12b0p.jpg
― Heyman (crüt), Friday, 12 April 2013 17:21 (eleven years ago) link