Old
  (#61)
LWW
DEPLORABLE!
LWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond repute
 
LWW's Avatar
 
Status: Offline
Posts: 56,128
vCash: 1700
iTrader: 6 / 100%
Blog Entries: 8
Join Date: Jul 2005
Location: People's Republic of Amerika
   
11-11-2013, 01:30 PM

Quote:
Originally Posted by chefjeff View Post
If a state issued their version of bitcoins, you'd have no such choice and would have to accept the chaos from that.

fwiw,


Jeff Livingston
Sure, I would have several choices ... but it would be barter again.

Also, the state does have its version of BITCOIN.

I have very little physical US currency, buy I have a fair amount of US e-currency. Granted, that it's also fiat currency ... but it's buying power won't drop 80% in two days. If it ever did, it also would no longer be a viable currency.


"I can't stand you (LWW). You're one of the worst people I've ever known...You can rot in hell you pathetic loser."
-Bishop-

"Whether or not its a lie is irrelevant."
-Bishop-

"I have better things to do than worry about fact checking whats being published ..."
-336Robin-

"I support Antifa"
-poolfool1957-

"I have high hopes that you (LWW) and your sympathizers will be led to the gallows."
-9BallPaul-
  
Reply With Quote

Old
  (#62)
mohrt
Student of the Game
mohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond repute
 
Status: Offline
Posts: 2,043
vCash: 400
iTrader: 1 / 100%
Join Date: Mar 2011
Location: Lincoln NE
   
11-11-2013, 01:57 PM

Quote:
Originally Posted by LWW View Post
Terrible analogy.

I can probably find an instance where someone traded baseball cards for a new car. That's called barter, it doesn't make baseball cards currency.

That you can find a handful of people accepting BITCOIN doesn't surprise me.

That I can't find more than a very small number that accepts BITCOIN also doesn't surprise me.
** rewind repeat **

BItcoin is in its infancy. Thousands of users and merchants are coming on board every day. It will be common knowledge in time, much the same as Paypal, Ebay, Amazon, or the Internet itself.


http://www.billiardsthegame.com/ Taking your game to the next level.
  
Reply With Quote
Old
  (#63)
chefjeff
No sides, only players
chefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond repute
 
chefjeff's Avatar
 
Status: Offline
Posts: 52,834
vCash: 500
iTrader: 0 / 0%
Join Date: Dec 2003
Location: Des Moines, Iowa
   
11-12-2013, 07:38 AM

Quote:
Originally Posted by LWW View Post
What are a few of these many things BITCOIN is backed by?
Persons.


Jeff Livingston
  
Reply With Quote
Old
  (#64)
chefjeff
No sides, only players
chefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond repute
 
chefjeff's Avatar
 
Status: Offline
Posts: 52,834
vCash: 500
iTrader: 0 / 0%
Join Date: Dec 2003
Location: Des Moines, Iowa
   
11-12-2013, 07:39 AM

Quote:
Originally Posted by LWW View Post
Terrible analogy.

I can probably find an instance where someone traded baseball cards for a new car. That's called barter, it doesn't make baseball cards currency.

That you can find a handful of people accepting BITCOIN doesn't surprise me.

That I can't find more than a very small number that accepts BITCOIN also doesn't surprise me.
It's not an analogy. Keep thinking.

Jeff Livingston
  
Reply With Quote
Old
  (#65)
chefjeff
No sides, only players
chefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond repute
 
chefjeff's Avatar
 
Status: Offline
Posts: 52,834
vCash: 500
iTrader: 0 / 0%
Join Date: Dec 2003
Location: Des Moines, Iowa
   
11-12-2013, 07:40 AM

Quote:
Originally Posted by LWW View Post
Sure, I would have several choices ... but it would be barter again.

Also, the state does have its version of BITCOIN.

I have very little physical US currency, buy I have a fair amount of US e-currency. Granted, that it's also fiat currency ... but it's buying power won't drop 80% in two days. If it ever did, it also would no longer be a viable currency.
You anarchist, you.

Jeff Livingston
  
Reply With Quote
Old
  (#66)
LWW
DEPLORABLE!
LWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond repute
 
LWW's Avatar
 
Status: Offline
Posts: 56,128
vCash: 1700
iTrader: 6 / 100%
Blog Entries: 8
Join Date: Jul 2005
Location: People's Republic of Amerika
   
11-12-2013, 07:43 AM

Quote:
Originally Posted by chefjeff View Post
Persons.


Jeff Livingston
Really?

I can exchange BITCOIN for people?


"I can't stand you (LWW). You're one of the worst people I've ever known...You can rot in hell you pathetic loser."
-Bishop-

"Whether or not its a lie is irrelevant."
-Bishop-

"I have better things to do than worry about fact checking whats being published ..."
-336Robin-

"I support Antifa"
-poolfool1957-

"I have high hopes that you (LWW) and your sympathizers will be led to the gallows."
-9BallPaul-
  
Reply With Quote
Old
  (#67)
chefjeff
No sides, only players
chefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond repute
 
chefjeff's Avatar
 
Status: Offline
Posts: 52,834
vCash: 500
iTrader: 0 / 0%
Join Date: Dec 2003
Location: Des Moines, Iowa
   
11-12-2013, 07:47 AM

Quote:
Originally Posted by LWW View Post
Really?

I can exchange BITCOIN for people?
For a Person or Persons, maybe, IF each Person wanted to sell (a part of) himself to you somehow.

I'm sure you can get sex, for example, with using bitcoins.

What'cha lookin' to buy?


Jeff Livingston
  
Reply With Quote
Old
  (#68)
LWW
DEPLORABLE!
LWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond repute
 
LWW's Avatar
 
Status: Offline
Posts: 56,128
vCash: 1700
iTrader: 6 / 100%
Blog Entries: 8
Join Date: Jul 2005
Location: People's Republic of Amerika
   
11-12-2013, 07:47 AM

Quote:
Originally Posted by chefjeff View Post
It's not an analogy. Keep thinking.

Jeff Livingston
Yes it is.

BITCOIN is not currency. At best it is barter.

To be considered currency it must be widely accepted as an exchange mechanism, an to be widely accepted as an exchange mechanism it must have stability.


"I can't stand you (LWW). You're one of the worst people I've ever known...You can rot in hell you pathetic loser."
-Bishop-

"Whether or not its a lie is irrelevant."
-Bishop-

"I have better things to do than worry about fact checking whats being published ..."
-336Robin-

"I support Antifa"
-poolfool1957-

"I have high hopes that you (LWW) and your sympathizers will be led to the gallows."
-9BallPaul-
  
Reply With Quote
Old
  (#69)
chefjeff
No sides, only players
chefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond reputechefjeff has a reputation beyond repute
 
chefjeff's Avatar
 
Status: Offline
Posts: 52,834
vCash: 500
iTrader: 0 / 0%
Join Date: Dec 2003
Location: Des Moines, Iowa
   
11-12-2013, 07:48 AM

Quote:
Originally Posted by LWW View Post
Really?

I can exchange BITCOIN for people?
Seriously, this is the concept you are trying to get but haven't yet. Decentralization of power.

Once you do, look out AZB!!!


Jeff Livingston
  
Reply With Quote
Old
  (#70)
LWW
DEPLORABLE!
LWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond reputeLWW has a reputation beyond repute
 
LWW's Avatar
 
Status: Offline
Posts: 56,128
vCash: 1700
iTrader: 6 / 100%
Blog Entries: 8
Join Date: Jul 2005
Location: People's Republic of Amerika
   
11-12-2013, 07:48 AM

Quote:
Originally Posted by chefjeff View Post
For a Person or Persons, maybe, IF each Person wanted to sell (a part of) himself to you somehow.

I'm sure you can get sex, for example, with using bitcoins.

What'cha lookin' to buy?


Jeff Livingston
How do you get it without getting it?


"I can't stand you (LWW). You're one of the worst people I've ever known...You can rot in hell you pathetic loser."
-Bishop-

"Whether or not its a lie is irrelevant."
-Bishop-

"I have better things to do than worry about fact checking whats being published ..."
-336Robin-

"I support Antifa"
-poolfool1957-

"I have high hopes that you (LWW) and your sympathizers will be led to the gallows."
-9BallPaul-
  
Reply With Quote
Old
  (#71)
mohrt
Student of the Game
mohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond repute
 
Status: Offline
Posts: 2,043
vCash: 400
iTrader: 1 / 100%
Join Date: Mar 2011
Location: Lincoln NE
   
11-12-2013, 07:50 AM

When e-mail first came on the scene, people didn't understand it. At all. Why would I need email when I have the postal service? Where do I put the stamp? Wait a sec, this can be sent to multiple people at once? You can make several copies? How long does it take? How do I pay for it? It was confusing. It was very different from what they knew.

Today, Bitcoin is to fiat currency what email was to the postal service. It is very different, an can certainly be confusing because it does not line up with traditional means of currencies. It's not backed by some physical raw material? Must be a scam, right?

Only time will tell. It is far too early to think about Bitcoin for a lot of people. When critical mass hits, things will change very quickly.


http://www.billiardsthegame.com/ Taking your game to the next level.
  
Reply With Quote
Old
  (#72)
bdcues
AzB Silver Member

bdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond reputebdcues has a reputation beyond repute
 
bdcues's Avatar
 
Status: Offline
Posts: 6,061
vCash: 1700
iTrader: 48 / 98%
Join Date: Feb 2008
Location: Eastern Washington
   
11-12-2013, 07:54 AM

Quote:
Originally Posted by mohrt View Post
If you are in your grocery store and the power goes out, their registers won't work anyways, you still can't buy food. Worrying about power outages is a red herring IMHO, it rarely happens.
If I am in most grocery stores, Walmart being a known exception, I can pay cash. Only store policy stops them from doing business without power. The only downside is that employees may not be smart enough to make change without the register telling them the answer. As for the number of outages... http://www.cnn.com/2010/TECH/innovat...09/smart.grid/ and the problem is growing as the electric grid ages. Coming up... GridEx. Lets see how well the grid works. If a medium of exchange can not be exchanged what is it's value?


The founding fathers set in place a system where every man was King and every President, including George Washington, has worked to take your rights away, to tax you into slavery, to divide you on political/social and economic lines and to make sure you never find out that your ancestors were King for a day.


Bob Danielson
Check out our newly updated website -
www.bdcuesandcomix.com
bob@bdcuesandcomix.com
  
Reply With Quote
Old
  (#73)
mohrt
Student of the Game
mohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond repute
 
Status: Offline
Posts: 2,043
vCash: 400
iTrader: 1 / 100%
Join Date: Mar 2011
Location: Lincoln NE
   
11-12-2013, 08:02 AM

Quote:
Originally Posted by bdcues View Post
If I am in most grocery stores, Walmart being a known exception, I can pay cash. Only store policy stops them from doing business without power. The only downside is that employees may not be smart enough to make change without the register telling them the answer. As for the number of outages... http://www.cnn.com/2010/TECH/innovat...09/smart.grid/ and the problem is growing as the electric grid ages. Coming up... GridEx. Lets see how well the grid works. If a medium of exchange can not be exchanged what is it's value?
As the protocol of Bitcoin grows and adapts, issues will all be worked out in one way or another. This is the same way credit cards and ATMs worked themselves out.

Lets think of offline transactions. Firstly, to get to critical mass, Bitcoins must be much easier to use. Right now it is too complicated for the layperson. I'm going to guess that hardware wallets will be the norm (probably a device the same size and shape of a credit card, or just your smart phone works too) and transactions are simple and secure. Offline transactions will be completely doable with said wallet. Once the network is back up, the transactions will synchronize. Exactly how this is done safely and securely will need to be worked out, and I'm certain it will.

This above is only a guess but the point is, the outstanding issues will work themselves out as Bitcoin comes to the mainstream.


http://www.billiardsthegame.com/ Taking your game to the next level.

Last edited by mohrt; 11-12-2013 at 08:50 AM.
  
Reply With Quote
Old
  (#74)
mohrt
Student of the Game
mohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond repute
 
Status: Offline
Posts: 2,043
vCash: 400
iTrader: 1 / 100%
Join Date: Mar 2011
Location: Lincoln NE
   
11-12-2013, 08:12 AM

Quote:
Originally Posted by bdcues View Post
If I am in most grocery stores, Walmart being a known exception, I can pay cash. Only store policy stops them from doing business without power. The only downside is that employees may not be smart enough to make change without the register telling them the answer. As for the number of outages... http://www.cnn.com/2010/TECH/innovat...09/smart.grid/ and the problem is growing as the electric grid ages. Coming up... GridEx. Lets see how well the grid works. If a medium of exchange can not be exchanged what is it's value?
Walmart cannot do *any* transaction without the register powered up. This part of their POS, there is no way they can accept cash for purchase without the transaction in the system tied to a receipt.

It may very well be that Bitcoin will require some sort of power to work (which isn't a deal breaker, we all have cell phones these days), or it may be possible to do transactions offline too.

It will be a fun day when Walmart accepts bitcoin and we can revisit this thread


http://www.billiardsthegame.com/ Taking your game to the next level.
  
Reply With Quote
Old
  (#75)
mohrt
Student of the Game
mohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond reputemohrt has a reputation beyond repute
 
Status: Offline
Posts: 2,043
vCash: 400
iTrader: 1 / 100%
Join Date: Mar 2011
Location: Lincoln NE
   
11-12-2013, 08:20 AM

Quote:
Originally Posted by bdcues View Post
If I am in most grocery stores, Walmart being a known exception, I can pay cash. Only store policy stops them from doing business without power. The only downside is that employees may not be smart enough to make change without the register telling them the answer. As for the number of outages... http://www.cnn.com/2010/TECH/innovat...09/smart.grid/ and the problem is growing as the electric grid ages. Coming up... GridEx. Lets see how well the grid works. If a medium of exchange can not be exchanged what is it's value?
Again, red herring. If we are all in the dark for any substantial period of time, there are far worse things to worry about than the network Bitcoin relies on. Your bank account, IRA, 401k, all of it, out there in bitland, completely unreachable. Not to mention clean water and food.


http://www.billiardsthegame.com/ Taking your game to the next level.
  
Reply With Quote
Reply
Page 5 of 60 « First 345 671555 Last »

Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.