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Offline Pete Svarrior

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Re: Ask Rushy about Bitcoins.
« Reply #160 on: March 02, 2014, 01:49:08 PM »
Why is it neat? Why take all the extra steps when you can just use your local currency? A currency that likely hasn't lost half its value in the last 2 months and didn't require a third party broker who took a slice?
Because I cannot generate my local currency by computing hashes.
Read the FAQ before asking your question - chances are we've already addressed it.
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Re: Ask Rushy about Bitcoins.
« Reply #161 on: March 02, 2014, 02:33:39 PM »
Why is it neat? Why take all the extra steps when you can just use your local currency? A currency that likely hasn't lost half its value in the last 2 months and didn't require a third party broker who took a slice?
Because I cannot generate my local currency by computing hashes.
No, you generate it by doing something useful, like going to work.

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Offline Pete Svarrior

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Re: Ask Rushy about Bitcoins.
« Reply #162 on: March 02, 2014, 02:38:34 PM »
No, you generate it by doing something useful, like going to work.
That sounds like effort. I think I'd rather get my Amazon stuff for not doing things. If I can earn physical items through no effort of my own, I'm probably gonna do it.
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Re: Ask Rushy about Bitcoins.
« Reply #163 on: March 02, 2014, 03:07:05 PM »
No, you generate it by doing something useful, like going to work.
That sounds like effort. I think I'd rather get my Amazon stuff for not doing things. If I can earn physical items through no effort of my own, I'm probably gonna do it.
Do you see how this isn't going to work as a currency?

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Offline beardo

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Re: Ask Rushy about Bitcoins.
« Reply #164 on: March 02, 2014, 03:49:22 PM »
Why are people posting in this thread?
The Mastery.

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Offline jroa

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Re: Ask Rushy about Bitcoins.
« Reply #165 on: March 02, 2014, 04:15:10 PM »
But, Thork is the only one who posts on this thread.  ???

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #166 on: March 02, 2014, 04:29:17 PM »
The biggest problem with bitcoin, and it hasn't been addressed yet, is that it is only accessible to the technically astute.

Aww, you think I'm technically astute.

You can't have a currency that isn't accessible to everyone. Money as we know it, is recognised and used by everyone. Its an easier way to trade than barter, which is why we use it. Bitcoin isn't.

I guess the Internet is doomed to be only used by nerds and geeks. No one could possibly operate it without technical expertise and... yeah. That argument totally worked in the 90's.

I'm sure Rushy will rush back saying how easy it is and that only a moron couldn't use it and blah blah, but its not as easy to use as cash. And there in, will lie its downfall.

It is just as easy to use, it's just that a lot of people have never used it before. Algebra is easy, but it feels pretty damn hard when you're in fifth grade. It just seems like a lot to learn, it really isn't.

Offline Blanko

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Re: Ask Rushy about Bitcoins.
« Reply #167 on: March 02, 2014, 04:46:10 PM »
Wait, is someone trying to argue that cryptocurrencies should replace conventional currencies?

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #168 on: March 02, 2014, 07:37:24 PM »
Wait, is someone trying to argue that cryptocurrencies should replace conventional currencies?

Yes. Everyone on the planet should switch to Bitcoin right now.

Re: Ask Rushy about Bitcoins.
« Reply #169 on: March 03, 2014, 03:10:55 AM »
Bitcoin is starting to sound more like shares of stock than currency.
I don't even care to find out what you're doing wrong, but I'm sure you're doing something wrong.

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Re: Ask Rushy about Bitcoins.
« Reply #170 on: March 03, 2014, 03:28:11 AM »
Bitcoin is starting to sound more like shares of stock than currency.

Let me know when Bitcoin starts paying dividends.

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Offline markjo

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Re: Ask Rushy about Bitcoins.
« Reply #171 on: March 03, 2014, 03:37:19 AM »
Bitcoin is starting to sound more like shares of stock than currency.

Let me know when Bitcoin starts paying dividends.
Irrelevant.  Lots of stocks don't pay dividends.
Abandon hope all ye who press enter here.

Science is what happens when preconception meets verification.

If you can't demonstrate it, then you shouldn't believe it.

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Offline Pete Svarrior

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Re: Ask Rushy about Bitcoins.
« Reply #172 on: March 03, 2014, 01:52:39 PM »
Do you see how this isn't going to work as a currency?
I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.
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Re: Ask Rushy about Bitcoins.
« Reply #173 on: March 03, 2014, 08:12:31 PM »
Do you see how this isn't going to work as a currency?
I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

You were a fool for not holding on to it longer.
Quote from: Saddam Hussein
I don't know what you're implying, but you're probably wrong.

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #174 on: March 03, 2014, 10:20:38 PM »
Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?

You were a fool for not holding on to it longer.

People are idiots for buying computers. Don't they realize that a twice as powerful computer will be out a year from now? Also, no one is a fortune teller. Bitcoin can go down as fast as it went up.

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Re: Ask Rushy about Bitcoins.
« Reply #175 on: March 03, 2014, 11:31:58 PM »
Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.
Actually its more like a commodity. Like Copper or Gold. Only it doesn't exist and hence has no intrinsic value at all. 

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?
He pushes vegetables up his arse in front of his webcam.

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Re: Ask Rushy about Bitcoins.
« Reply #176 on: March 04, 2014, 01:14:56 AM »
I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?
He pushes vegetables up his arse in front of his webcam.

It sounds like you were one of his viewers.

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Offline Pete Svarrior

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Re: Ask Rushy about Bitcoins.
« Reply #177 on: March 04, 2014, 01:21:13 AM »
It sounds like you were one of his viewers.
You wouldn't believe how much he paid me.

You were a fool for not holding on to it longer.
Yes, I regret it every now and then. But hey, the fact that I could have earned much more doesn't change the fact that I earned a bit.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?
It was a small programming project. I don't want to say more because the NSA will literally carpetbomb my region if they find out. >o<
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Offline markjo

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Re: Ask Rushy about Bitcoins.
« Reply #178 on: March 04, 2014, 02:23:48 AM »
Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.

Then why did you bring up dividends when bitcoins were compared to stocks?
Abandon hope all ye who press enter here.

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If you can't demonstrate it, then you shouldn't believe it.

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Re: Ask Rushy about Bitcoins.
« Reply #179 on: March 04, 2014, 02:50:07 AM »
Then why did you bring up dividends when bitcoins were compared to stocks?

Why not?