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Old 11-19-2013, 05:36 PM   #676
RastaMon
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Originally Posted by FightingFalcon View Post
And yet the price of the dollar is infinitely more stable than the price of a bitcoin.

Funny how that works.
Not really. You're comparing the world reserve currency to a digital currency that's only a couple years old.
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Old 11-19-2013, 05:38 PM   #677
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pets.com
yes, Pets.com.

Remember this guy?

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Old 11-19-2013, 05:39 PM   #678
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Originally Posted by RastaMon View Post
Not really. You're comparing the world reserve currency to a digital currency that's only a couple years old.
Why shouldn't he? That's reality.
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Old 11-19-2013, 05:39 PM   #679
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yes, Pets.com.

Remember this guy?

Vaguely, I'm assuming this was just some dot com bubble crap. Yeah, not a good comparison.
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Old 11-19-2013, 05:40 PM   #680
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Why shouldn't he? That's reality.
Oh ok, you wanna play this game, go ahead and compare gold to the dollar.

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Old 11-19-2013, 05:44 PM   #681
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Oh ok, you wanna play this game, go ahead and compare gold to the dollar.


You seriously wanna go down this road with me? You want me to compare the volatility of the DYX with gold prices over the last 5 years? Take a guess as to which one has had more unpredictable and wild swings in price.
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Old 11-19-2013, 05:46 PM   #682
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You seriously wanna go down this road with me? You want me to compare the volatility of the DYX with gold prices over the last 5 years? Take a guess as to which one has had more unpredictable and wild swings in price.
5 years, no

Try 5,000 years

The point I was trying to make is that the dollar has been around MUCH longer compared to bitcoin. And gold has been around before humans even walked the earth. I'm talking purely in terms of time, not volatility in the last few years.
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Old 11-19-2013, 05:50 PM   #683
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Really though who gives a ****? Not sure why cwb1234 cares how somebody else spends their money.
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Old 11-19-2013, 05:51 PM   #684
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http://i.imgur.com/1NHWZsr.jpg A comparison of DXY to gold over 5 years
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Old 11-19-2013, 05:53 PM   #685
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Yeah nobody cares.
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Old 11-19-2013, 05:57 PM   #686
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5 years, no

Try 5,000 years

The point I was trying to make is that the dollar has been around MUCH longer compared to bitcoin. And gold has been around before humans even walked the earth. I'm talking purely in terms of time, not volatility in the last few years.
Ask the Europeans (especially Spain) how the gold standard worked out for them in the 16th century.
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Old 11-19-2013, 06:00 PM   #687
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Ask the Europeans (especially Spain) how the gold standard worked out for them in the 16th century.
Pretty sure that gold is still worth something today.



the point
---------
you
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Old 11-19-2013, 06:00 PM   #688
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Ask the Europeans (especially Spain) how the gold standard worked out for them in the 16th century.
There's always some excuse for why every gold standard in history has failed.

It's almost as if there's something in common with every gold standard that inevitably leads to failure.
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Old 11-19-2013, 06:01 PM   #689
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Really though who gives a ****? Not sure why cwb1234 cares how somebody else spends their money.
You can spend/waste your money as you see fit. Just don't act like you've plunked down money into the next currency revolution that is on the brink of making the big leagues.
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Old 11-19-2013, 06:05 PM   #690
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Pretty sure that gold is still worth something today.



the point
---------
you
The point here is how real-world currencies work, not Ron Paul fantasy worlds where we all walk around with gold coins in our pockets.
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Old 11-19-2013, 06:05 PM   #691
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You guys are ridiculous, or incredibly bored. Arguing things that nobody is even arguing.


Not sure how many times I need to repeat this, I was purely comparing the three in terms of time.

Bitcoin has been around for a couple years.
The dollar (depending on how define it) has been around for a couple hundred.
And gold has been around forever.


But whatever, keep on derping, it's kinda amusing.
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Old 11-19-2013, 06:07 PM   #692
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You can spend/waste your money as you see fit. Just don't act like you've plunked down money into the next currency revolution that is on the brink of making the big leagues.
I acted like that? I mean how does one even "act" like that?

lol WTF are you smoking?


Quote:
Originally Posted by banman View Post
The point here is how real-world currencies work, not Ron Paul fantasy worlds where we all walk around with gold coins in our pockets.
troll harder
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Old 11-19-2013, 06:08 PM   #693
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Originally Posted by RastaMon View Post
You guys are ridiculous, or incredibly bored. Arguing things that nobody is even arguing. Not sure how many times I need to repeat this, I was purely comparing the three in terms of time. Bitcoin has been around for a couple years. The dollar (depending on how define it) has been around for a couple hundred. And gold has been around forever. But whatever, keep on derping, it's kinda amusing.
I'm in a hotel room on my phone waiting for a socially acceptable time to go to the bar
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Old 11-19-2013, 06:12 PM   #694
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I'm in a hotel room on my phone waiting for a socially acceptable time to go to the bar
As your attorney I advise you to go to the bar.
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Old 11-19-2013, 06:23 PM   #695
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troll harder
Your wish is my command.
http://i.imgur.com/PiB9Ot7.jpg
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Old 11-19-2013, 06:31 PM   #696
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This thread smells like PP.

Lets get this back on track.

I started to try and mine some litecoin last night. DL'ed CGminer and then found out that cudaminer is better at using nvidia gpus, but I cant get the damn thing to run. Everything looks fine in my batch file but CMD just pops up for a split second and closes. Guess I can look into it more tonight.

Im just gonna mine for litecoin as it seems its up and coming and maybe in the off chance Ill make a little bit from it. Maybe not but hey its interesting.
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Old 11-19-2013, 07:02 PM   #697
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People pay for computing power all the time. However, I don't have any clue how "mining" somehow harnesses and/or aggregates certain functions.
I'd think re-routing that spare processing power to something like SETI would be more beneficial than creating a virtual currency.

Bitcoins aren't backed by anything but demand, which I can understand. But the process of creating them seems like a waste of material, time and energy.

Quote:
Originally Posted by RastaMon View Post
5 years, no Try 5,000 years
If you hang on to them that long inflation will kill you. Because apparently nothing else can!

Last edited by Yotsuya; 11-19-2013 at 07:07 PM.
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Old 11-19-2013, 07:14 PM   #698
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Is it easy to sell? Can you just offload your coins right now and there will be a buyer? If so, since bitcoin seems to have gone parabolic, why not just sell? Or do you think the best is yet to come?
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Old 11-19-2013, 07:21 PM   #699
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Originally Posted by Jaren1 View Post
This thread smells like PP.

Lets get this back on track.

I started to try and mine some litecoin last night. DL'ed CGminer and then found out that cudaminer is better at using nvidia gpus, but I cant get the damn thing to run. Everything looks fine in my batch file but CMD just pops up for a split second and closes. Guess I can look into it more tonight.

Im just gonna mine for litecoin as it seems its up and coming and maybe in the off chance Ill make a little bit from it. Maybe not but hey its interesting.
Try opening a command prompt and then run your batch file in there. At least then you'll be able to see what error is popping up since it won't close the Window.
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Old 11-19-2013, 08:57 PM   #700
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Is it easy to sell? Can you just offload your coins right now and there will be a buyer? If so, since bitcoin seems to have gone parabolic, why not just sell? Or do you think the best is yet to come?
Yeah, I'm curious too.
The bitcoin is being reviewed in DC right now. Depending on their judgment, the price could rise or fall quite a bit.
It's very tempting to wait for a huge dip in price and then jump on the bandwagon.
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