WTF... have you seen bitcoin prices?

MrEDuck

MrEDuck

Well-Known Member
Apparently. I imagine that was an expensive fucking pizza at today's exchange rates.
I just ate some cereal and it did not hit the spot.
 
rory420420

rory420420

Well-Known Member
Grilled cheese sammys!!! What the fuck they're only a buck!!! Get em hot after some pot and before you get spun and have fun!!
 
Mr ADHD

Mr ADHD

Well-Known Member
rory420420 said:
If you buy a coin and the value goes down,you spend more of the coin to achieve a purchase of a fixed price.the price of the acid didn't go up,you just have to spend more coin to equal 10$..which then makes the method of purchase inflate the value of said acid..it then becomes 15$.simple economics.one reason I'm waiting a while to buy more coins..that and I have no desire to go near 2.0..or the need for any drugs..
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Im steering clear of SR 2.0 as well, I had been looking at other markets and figured $25 is a gamble Id be willing to take.
 
Mr ADHD

Mr ADHD

Well-Known Member
Well this got off topic.. but damnit now Im gonna go fix a grilled cheese and some tomato soup.
 
racerboy71

racerboy71

bud bootlegger
I couldn't find the loaf of bread so went with some nachos.
Had to.keep rehaeting them to get the cheese to melt and it sorta ruined the nachos as they got a bit soggy..
Lesson learned, heat the cheese first separately than pour over the nachos..

Or look harder for the damn loaf of bread that was sitting in the chair.. damn nachos didn't hit the spot either.. :(
 
rory420420

rory420420

Well-Known Member
That nacho cheese was 'jal-ap-eno' buisness..
Couldn't even be nice..I said 'wasbi' and he kept 'clammin up'..lol
I'm waiting till my bit coins can get a two for one deal..if I bought em for 75$ and they go up to 750$,I sould be able to get a nice headstash..lol
 
Mr ADHD

Mr ADHD

Well-Known Member
You know your on a stoner forum when the conversation go's from currency to grilled cheese and nachos bc someone said pizza. LMAO I love you guys
 
Impman

Impman

Well-Known Member
that is nutty...sounds like you're better off at the black jack tables in a Indian Casino than the Bit Coin exchange.... whatever happened to cash? you know, greenbacks.... you go to a bank and deposit money and a few days later you get coins......it almost sounds faster to send cash....is the USPS taking cash out of envelopes ?
 
CCCmints

CCCmints

Well-Known Member
bluntmassa1 said:
For real I'm kicking myself in the ass I thought it would drop a bit more I'd grab some but god damn it was only worth $140 or so when I first thought of it now WTF I could be loaded but no I had to wait.
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when i first thought of it they were at 14. how you think i feel?!
 
B

bluerock

Active Member
"Bitcoin is unique in that only 21 million bitcoins will ever be created. However, this will never be a limitation because bitcoins can be divided up to 8 decimal places ( 0.000 000 01 BTC ) and potentially even smaller units if that is ever required in the future."

A bitcoin could be worth tens of thousands, or even hundreds of thousands, of $, TODAY. Say that bitcoins are worth 1% of all USD denominated assets. That would be roughly $2T dollars, or around $166,666.66 per bitcoin based on a current supply of 12,000,000 bitcoins. That's just for starters. Watch what happens when the USA becomes a de facto Argentina-style economy in the years to come. They are going to need more than 8 decimal places.

Addendum: Blogging economist Paul Krugman doesn't like bitcoins because governments can't print them. It would be difficult to find a more ringing endorsement of their inherent value than this.
 
DMTER

DMTER

Well-Known Member
Wait until the feds reign in bitcoins....there is no way of stopping it

one of the Rothschilds was quoted

"Let us control the money of a nation, and we care not who makes its laws"

You think they are just gonna let this happen without getting there grubby little fuckin hands on it....its good for now but you wait "they" are gonna grab control sooner or later there is absolutely no way around...

“Whether a virtual currency is a security under the federal securities laws, and therefore subject to our regulation, is dependent on the particular facts and circumstances at issue,” SEC Chairman Mary Jo White wrote in a letter dated Aug. 30. “Regardless of whether an underlying virtual currency is itself a security, interests issued by entities owning virtual currencies or providing returns based on assets such as virtual currencies likely would be securities and therefore subject to our regulation.”

there is just to much power in bending a twisting economies...it is beyond easy to control the masses, when you OWN the money supply and most other aspects of the economy...
 
Impman

Impman

Well-Known Member
there has to be regulation on currency to secure our rights. an unregulated market is controlled by cons and thieves. Government is necessary to secure liberty. To say "Yes bitcoins are good because it is unregulated by a government" is a loaded statement. good for a few people, bad for many. Even in a perfect world where every human is honest, the Social Contract theory must still apply. There would still be a need for regulation, as there are too many variables when exchanging goods for service. A governments main job to secure its borders, for without it, liberty does not exist. It is not a conspiracy that the government controls our currency, it is the essence of our government and liberty. To change policy you must vote.... trying to circumvent our currency with bitcoin only empowers the government more because you are choosing not to participate. who does that benefit? Drugs are being regulated by those whom vote and those in government.
Using cash should be fine for small purchases...if you make large purchases with bitcoin then you are scum in my book anyway, a cheap hustler with too much money as it were and no political efficacy.

certainly someone here had taken political science and economics...
 
DMTER

DMTER

Well-Known Member
Impman said:
there has to be regulation on currency to secure our rights. an unregulated market is controlled by cons and thieves. Government is necessary to secure liberty. To say "Yes bitcoins are good because it is unregulated by a government" is a loaded statement. good for a few people, bad for many. Even in a perfect world where every human is honest, the Social Contract theory must still apply. There would still be a need for regulation, as there are too many variables when exchanging goods for service. A governments main job to secure its borders, for without it, liberty does not exist. It is not a conspiracy that the government controls our currency, it is the essence of our government and liberty. To change policy you must vote.... trying to circumvent our currency with bitcoin only empowers the government more because you are choosing not to participate. who does that benefit? Drugs are being regulated by those whom vote and those in government.
Using cash should be fine for small purchases...if you make large purchases with bitcoin then you are scum in my book anyway, a cheap hustler with too much money as it were and no political efficacy.

certainly someone here had taken political science and economics...
Click to expand...
We can get into this in the politics section....all I have to say is Austrian Economics and check out a lil book "Road to Serfdom" by F.A. Hayek
 
B

bluerock

Active Member
Impman said:
there has to be regulation on currency to secure our rights. an unregulated market is controlled by cons and thieves. Government is necessary to secure liberty. To say "Yes bitcoins are good because it is unregulated by a government" is a loaded statement. good for a few people, bad for many. Even in a perfect world where every human is honest, the Social Contract theory must still apply. There would still be a need for regulation, as there are too many variables when exchanging goods for service. A governments main job to secure its borders, for without it, liberty does not exist. It is not a conspiracy that the government controls our currency, it is the essence of our government and liberty. To change policy you must vote.... trying to circumvent our currency with bitcoin only empowers the government more because you are choosing not to participate. who does that benefit? Drugs are being regulated by those whom vote and those in government.
Using cash should be fine for small purchases...if you make large purchases with bitcoin then you are scum in my book anyway, a cheap hustler with too much money as it were and no political efficacy.

certainly someone here had taken political science and economics...
Click to expand...
Nobody is forcing you to use bitcoins. Do you have a specific complaint about them? And what the fuck is political efficacy? I guess I need to do some more hallucinatory substances to get it?

EDIT: I'm sorry, but it is your regulated market that is controlled by cons and thieves. THAT is why bitcoins are becoming more valuable. People around the globe are becoming more aware that they are going to get totally fucked by their national governments in order to prop up all the bad debts and paper promises accumulated over the last 30 years or so. Your savings are going to end up being destroyed, although that event may be a few years down the road.
 
K

Kervork

Well-Known Member
Excuse me but the government doesn't seem to control the freaking currency. They buy it from the dudes at the federal reserve and pay with treasury bills. Where the dudes at the federal reserve get the money from, well I guess they just fucking print it.

I fail to see how basing your currency on a mathematical algorithm is any worse than the shithole it currently emerges out of. Did you think it was based on gold or silver.

Your money is based on something no less intangible than bitcoins, it is based on your ability to pay off treasury bills with uhh. money that was printed by the federal reserve.

So drug dealers price their products in it. That doesn't mean it is a tainted currency. They are just innovative and early adoptors, not unlike the pornographers and the internet.

I for one see an advantage to having a $50 billion dollar drug market priced in bitcoins.
 
OGEvilgenius

OGEvilgenius

Well-Known Member
When I first heard about bitcoin it was like 10 bucks per. I knew they were gonna blow up too, yet for some reason I did not buy buy buy. We'll see how it all plays out.
 
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