Matches for mjr_, 5905 total results Sorted by newest | relevance
Tue Feb 25 08:05:51 UTC 2014 <mjr_> regardless of whether it was issued by a govt, mined on a blockchain, or came out of my ass
Tue Feb 25 08:05:26 UTC 2014 <mjr_> the value is set by the supply and demand of the item in question
Tue Feb 25 08:05:17 UTC 2014 <mjr_> in other words
Tue Feb 25 08:05:13 UTC 2014 <mjr_> if no one wants bitcoin, bitcoin is worthless
Tue Feb 25 08:05:07 UTC 2014 <mjr_> the dollar is worthless
Tue Feb 25 08:05:03 UTC 2014 <mjr_> if no one wants dollars
Tue Feb 25 08:04:52 UTC 2014 <mjr_> you are saying "this is the way it HAS to be" and proving that "this is the way it IS"
Tue Feb 25 08:04:37 UTC 2014 <mjr_> thats nice
Tue Feb 25 08:04:33 UTC 2014 <mjr_> that is something called "competing currencies" you should look it up
Tue Feb 25 08:04:22 UTC 2014 <mjr_> or a yen backed debt
Tue Feb 25 08:04:19 UTC 2014 <mjr_> i can have a euro backed devt
Tue Feb 25 08:04:13 UTC 2014 <mjr_> since debt can be denominated in anything
Tue Feb 25 08:04:08 UTC 2014 <mjr_> no
Tue Feb 25 08:04:05 UTC 2014 <mjr_> no change to the dollars value?
Tue Feb 25 08:04:01 UTC 2014 <mjr_> they won't accept dollars for oil
Tue Feb 25 08:03:55 UTC 2014 <mjr_> ok, say everyone in the world does not want dollars for oil
Tue Feb 25 08:03:45 UTC 2014 <mjr_> or anything on earht
Tue Feb 25 08:03:38 UTC 2014 <mjr_> yes, just like it would with dollars
Tue Feb 25 08:03:33 UTC 2014 <mjr_> since it means demand has gotten smaller
Tue Feb 25 08:03:31 UTC 2014 <cerelenius> mjr the price starts collapsing