I hate to say it, but this bitcoin issue has turned everyone into a bunch of Robert Wenzels. The one side says something stupid like there are people who use it = currency! The other, pulls this universally accepted thing.
Bitcoin is ridiculous because it’s based on technology. Specifically, computer technology which doubles every few years. And they admit it:
“A great deal of careful thought and ingenuity has gone into the development of Bitcoin, but it is the first of its breed, a prototype, and vulnerable to more highly-evolved competitors. At present, any threatening rivals have yet to rear their heads; Bitcoin remains the first and foremost private virtual currency, but we can offer no guarantees that it will retain that position. It would certainly be in keeping with internet history for a similar system built from the same principles to supersede and cast Bitcoin into obsolescence, after time had revealed its major shortcomings. Friendster and Myspace suffered similar fates at the hand of Facebook, Napster was ousted by Limeware, Bearshare and torrent applications, and Skype has all but crushed the last few disciples of the Microsoft Messenger army.”
So, store your wealth in obsolete infrastructure. Bill Still and his ilk will come by to congratulate you for using his ideas in an even more asinine and predictably catastrophic manner.
Well, let me know when you’ve used Bitcoins as money. In the mean time, I’m going to shop for vinyl at Juno Records. If I find something I like, I’ll be using USD because not surprisingly, they don’t accept Bitcoins as a form of payment.
look here, freakshow, this discussion is not about you and me. I dont know if youre abnormally stupid or you have apersonal vendetta or youre here to spread lies and disinformation, or your just a troll. what I do know is that if cigarettes and bags of chips are money in prison, then bitcoin is money at freedom fest in new hampshire. so go trade your federal reserve fiats for trendy anachronistic media and hiss and scratch your way to snotty self-superiority because you dont understand cryptocurrency and money in general, or have critical thinking issues and an underlying personality disorder. I dont care.
and left unanswered would be the question “why you do care so much, when bitcoins are of no value to you?”
look man, I never said it was good money, or that it would endure. its money, plain and simple. copper and salt both have serious drawbacks as money but both were used at various points in history.
I never said I give a s*it if it’s currency. I traded in a VW for a Mini, does that make it currency? I bet more people have traded in Volkswagens than bitcoins…
thats the only argument about bitcoin. some paleotechs refuse to apply the word “money” to it. thats fine, thats their decision. but they dont want anyone else to use the word “money” to describe bitcoins either, so you get what we have here: trolls.
Sure, I constantly rag about how everything needs to get ground into fine dust in ‘libertarian’ or Austrian circles. And making a life quest out of disproving that bitcoin as a currency is a bit silly, but writing a 90-page thesis on vaporware is a legitimate, intellectual pursuit? I’m saying this nonsense is going both ways and the fact that anyone is taking it as seriously as they are is Wenzelrific.
begging your pardon, sir, but youre begging the question. emergent technology is an appropriate topic for a thesis. if it happens to be lengthy, the so be it. of course your implied criticism of myself is well taken and I am indeed off to do better things. good day to you.
Then don’t bitch when other people turn around to criticize thse theses, even if those critiques are lengthy?! It’s only alright to talk about nonsense software if you’re in favor of it? It’s starting to look like Zeitgeist currency.
not sure where you got that. anyone who wants to criticize the actual thesis, or bitcoin, go right on ahead. we dont get that, we get personal attacks and the hater three step.
first it has to be universally accepted. then it has to be commonly accepted local to the speaker. then the personal attacks start because neither of those criteria are in fact necessary criteria to become money. the more literate opponents retreat to an area defense consisting of denial and fallacious interpretations of the regression theorem. the less verbose resort to argumentum ad hominem. if you show them a bitcoin user they will deny his existence, look here, Anenome uses bitcoins and still we must wonder, are bitcoins a medium of exchange?
but of course we cant even have the argument because all bitcoin opponents have implicitly contradicted themselves. cigarettes are money in prison. fiats are money as long as they are accepted by some people, regardless of X number of people who do not use that specific fiat.
which again, is why its so puzzling that these haters would even post on such a topic. if youre going to talk about it, talk about it. why bother to post if youre just going to make an irrational mess of things?
Many months ago I started visiting these forums and hadn’t heard much about Bitcoin. My exposure has mainly been all the people here. I don’t really care about it, but all the “it’s the second coming of Christ”-type of posts and the attacks on critics has been a driving force for me to be dismissive of it. If you’re interested in Bitcoin doing well, this frothing-at-the-mouth kind of attack on critics is the last thing you’d want to be doing.
What would you do if you spent a lot of money of something that will only give ROI if you proselytize it? It’s all very predictable. Just check back every year or so with a bag of popcorn.
oh dont bother, Anenome. first it starts with someone who doesnt understand. once you explain things a few dozen times, they devolve into personal attacks. if you go away they “claim victory” and have “won the debate” (we should have left anyway). if you remain, then some other idiot thinks you submit to verbal abuse because bitcoin somehow needs to be defended verbally to be a success. we should just let them wallow in their hatred and ignore the topic unless someone brings up an argument that hasnt been addressed, or its a newbie. this is ridiculous.