Bitcoin: global peer-to-peer currency system - Page 28

RastaMon · 11-19-2013, 05:36 PM

Quote:

Originally Posted by FightingFalcon

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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cwb124 · 11-19-2013, 05:38 PM

Quote:

Originally Posted by RastaMon

pets.com

yes, Pets.com.

Remember this guy?

cwb124 · 11-19-2013, 05:39 PM

Quote:

Originally Posted by RastaMon

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.

RastaMon · 11-19-2013, 05:39 PM

Quote:

Originally Posted by cwb124

yes, Pets.com.

Remember this guy?

Vaguely, I'm assuming this was just some dot com bubble crap. Yeah, not a good comparison.

RastaMon · 11-19-2013, 05:40 PM

Quote:

Originally Posted by cwb124

Why shouldn't he? That's reality.

Oh ok, you wanna play this game, go ahead and compare gold to the dollar.

FightingFalcon · 11-19-2013, 05:44 PM

Quote:

Originally Posted by RastaMon

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.

RastaMon · 11-19-2013, 05:46 PM

Quote:

Originally Posted by FightingFalcon

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.

RastaMon · 11-19-2013, 05:50 PM

Really though who gives a ****? Not sure why cwb1234 cares how somebody else spends their money.

FightingFalcon · 11-19-2013, 05:51 PM

http://i.imgur.com/1NHWZsr.jpg A comparison of DXY to gold over 5 years

RastaMon · 11-19-2013, 05:53 PM

Yeah nobody cares.

banman · 11-19-2013, 05:57 PM

Quote:

Originally Posted by RastaMon

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.

RastaMon · 11-19-2013, 06:00 PM

Quote:

Originally Posted by banman

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

FightingFalcon · 11-19-2013, 06:00 PM

Quote:

Originally Posted by banman

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.

cwb124 · 11-19-2013, 06:01 PM

Quote:

Originally Posted by RastaMon

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.

banman · 11-19-2013, 06:05 PM

Quote:

Originally Posted by RastaMon

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.

RastaMon · 11-19-2013, 06:05 PM

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.

RastaMon · 11-19-2013, 06:07 PM

Quote:

Originally Posted by cwb124

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

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

FightingFalcon · 11-19-2013, 06:08 PM

Quote:

Originally Posted by RastaMon

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

RastaMon · 11-19-2013, 06:12 PM

Quote:

Originally Posted by FightingFalcon

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.

banman · 11-19-2013, 06:23 PM

Quote:

Originally Posted by RastaMon

troll harder

Your wish is my command.
http://i.imgur.com/PiB9Ot7.jpg

Jaren1 · 11-19-2013, 06:31 PM

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.

Yotsuya · 11-19-2013, 07:02 PM

Quote:

Originally Posted by jpicheva

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

5 years, no Try 5,000 years

If you hang on to them that long inflation will kill you. Because apparently nothing else can!

Tilapia · 11-19-2013, 07:14 PM

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?

aod · 11-19-2013, 07:21 PM

Quote:

Originally Posted by Jaren1

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.

burnera · 11-19-2013, 08:57 PM

Quote:

Originally Posted by Tilapia

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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11-19-2013, 05:50 PM	#683
RastaMon Scooby Newbie Member#: 106431 Join Date: Jan 2006	Really though who gives a ****? Not sure why cwb1234 cares how somebody else spends their money.

11-19-2013, 05:51 PM	#684
FightingFalcon Scooby Newbie Member#: 223299 Join Date: Sep 2009 Chapter/Region: MAIC Location: NoVA/DC/NCR Vehicle: 2009 WRX WRB 4dr 2007 Kawasaki ZX6R	http://i.imgur.com/1NHWZsr.jpg A comparison of DXY to gold over 5 years

11-19-2013, 05:53 PM	#685
RastaMon Scooby Newbie Member#: 106431 Join Date: Jan 2006	Yeah nobody cares.

11-19-2013, 06:05 PM	#691
RastaMon Scooby Newbie Member#: 106431 Join Date: Jan 2006	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.

11-19-2013, 06:31 PM	#696
Jaren1 Scooby Specialist Member#: 195061 Join Date: Nov 2008 Chapter/Region: NWIC Location: Cool story, Brogue Vehicle: 1997 ¯\_(ツ) Green	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.

11-19-2013, 07:14 PM	#698
Tilapia Scooby Newbie Member#: 42454 Join Date: Aug 2003 Chapter/Region: SWIC Location: AZ	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?