Matches for herbi*, 4182 total results Sorted by newest | relevance
Fri Jan 31 02:17:10 UTC 2014 <herbijudlestoids> "bitcoin just is, as long as many coordinate in a mysterious way"
Fri Jan 31 02:16:25 UTC 2014 <mircea_popescu> herbijudlestoids i merely said that out of the various functions, that happens to be the one it does worst.
Fri Jan 31 02:16:21 UTC 2014 <herbijudlestoids> err if bitcoin is contingent on coordination then the statement "bitcoin just is" is false.
Fri Jan 31 02:13:55 UTC 2014 <herbijudlestoids> or even the type of answer
Fri Jan 31 02:13:47 UTC 2014 <herbijudlestoids> decimation: not really sure what your comment re republocrats was about, very far from the answer i was looking for
Fri Jan 31 02:13:23 UTC 2014 <herbijudlestoids> ok, well im not really sure how bitcoin not being used for retail makes it a bad MoE, but ok thats your view
Fri Jan 31 02:05:12 UTC 2014 <herbijudlestoids> well, i assume your "everything" includes direct means of payment for retail things, since you included even facebook ecash or whatever in your list of things it is to replace
Fri Jan 31 02:03:57 UTC 2014 <herbijudlestoids> if it is to replace everything, how can it also "never be a direct means of payment for retail anything"
Fri Jan 31 02:03:19 UTC 2014 <mircea_popescu> herbijudlestoids how so ?
Fri Jan 31 02:03:10 UTC 2014 <herbijudlestoids> mircea_popescu: the comment you sent me seems to directly contradict your statement that bitcoin will replace everything
Fri Jan 31 02:01:13 UTC 2014 <herbijudlestoids> decimation: wut? is that seriously the answer?
Fri Jan 31 02:00:07 UTC 2014 <mircea_popescu> herbijudlestoids ironically, the medium of exchange function is the thing at which bitcoin sucks worst.
Fri Jan 31 01:59:42 UTC 2014 <herbijudlestoids> can you please explain for us retards, how "bitcoin just is"? considering it requires a globally distributed network of hosts to constantly verify and transact? fractures introduced to the network topology, or similar, seem to argue against the idea that bitcoin is simply a mathematical construct. you need compute power and communication to implement and distribute the construct
Fri Jan 31 01:56:53 UTC 2014 <herbijudlestoids> also i dont think bitcoin is worthless, i think it has a considerable value as a medium of exchange
Fri Jan 31 01:56:35 UTC 2014 <herbijudlestoids> although i would posit that considering the nature of centralisation of the internet currently, it might not be that hard for the USG to do so
Fri Jan 31 01:56:08 UTC 2014 <herbijudlestoids> hmmm well i would never have argued that the USG will shutdown bitcoin or that bitcoin will be worthless, those seem like two stupid things to bet on
Fri Jan 31 01:52:17 UTC 2014 <herbijudlestoids> mircea_popescu: appreciate that
Fri Jan 31 01:51:05 UTC 2014 <herbijudlestoids> i think youre a pretty smart guy, dont really want to get into a full blown thing so i will just say i disagree that through the lens of greshams law, bitcoin is the "strong currency" which savers have a preference to save in. if youre interested in maybe considering a different view heres FOFOA on the topic (a bit long) http://fofoa.blogspot.com.au/2011/06/bitcoin-open-forum-part-3.html
Fri Jan 31 01:43:24 UTC 2014 <herbijudlestoids> im not really sure what any of the above has to do with greshams law lol
Fri Jan 31 01:41:06 UTC 2014 <herbijudlestoids> i.e. what are those entities converting their productive surplus into