Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


Bitcoins

Reply to topic
Bike Chat Forums Index -> The Geek Zone Goto page Previous  1, 2, 3 ... , 57, 58, 59  Next
View previous topic : View next topic  
Author Message
dave001 This post is not being displayed because the poster is banned. Unhide this post / all posts.

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :

PostPosted: 11:29 - 07 Dec 2022    Post subject: Reply with quote

Please make use of capital letters.

And fix your damn browser so that it fixes your spelling.

Wub

Rain
 Back to top
View user's profile Send private message You must be logged in to rate posts
dave001 This post is not being displayed because the poster is banned. Unhide this post / all posts.
Old Thread Alert!

There is a gap of 235 days between these two posts...
BarryJoseph This post is not being displayed because it has a low rating (Spam). Unhide this post / all posts.
LaughBlacken This post is not being displayed because it has a low rating (Spam). Unhide this post / all posts.
NinaVipe This post is not being displayed because it has a low rating (Spam). Unhide this post / all posts.

bikertomm
World Chat Champion



Joined: 03 Jul 2010
Karma :

PostPosted: 13:41 - 14 May 2024    Post subject: Reply with quote

Pjay wrote:
Lord Percy wrote:
Do you expect these drops to smooth out? A plateau on bitcoin prices? What would maintain that plateau?


There will be a point where they level out and become a lot less volatile.
This won't happen for a long time though, possibly 10-15 years from now.
Once crypto replaces fiat, there will be no point measuring its value in fiat.


Haven't posted in over 4 years, logged in and found this thread..

Please tell me you and Ste held. Thumbs Up
____________________
07' Honda Hornet now full powaah! My guide on performing an oil change!
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

to v or not to v
World Chat Champion



Joined: 24 Nov 2020
Karma :

PostPosted: 16:54 - 14 May 2024    Post subject: Reply with quote

i tried buying some monero the other day but my bank seemed to be blocking the payments Evil or Very Mad
____________________
current bike Yamaha Thunderace.
Moto Guzzi V7.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts
Old Thread Alert!

There is a gap of 200 days between these two posts...

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 17:20 - 30 Nov 2024    Post subject: Reply with quote

I've been trying to understand BitCoin on and off over the years. Technically I understand it, wearing my well-worn software developer hat, but economically...

Correct me if I'm wrong but BTC represents real work in that it takes computing power to mine. It represents a something Smile However, unlike like gold or oil it is in no way convertible - you cannot get back the work put into making it or anything equivalent.

To my mind BTC represents something halfway between fiat currency - pure faith - and commodities and company stocks Thinking
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

MarJay
But it's British!



Joined: 15 Sep 2003
Karma :

PostPosted: 18:05 - 30 Nov 2024    Post subject: Reply with quote

Easy-X wrote:
I've been trying to understand BitCoin on and off over the years. Technically I understand it, wearing my well-worn software developer hat, but economically...

Correct me if I'm wrong but BTC represents real work in that it takes computing power to mine. It represents a something Smile However, unlike like gold or oil it is in no way convertible - you cannot get back the work put into making it or anything equivalent.

To my mind BTC represents something halfway between fiat currency - pure faith - and commodities and company stocks Thinking


yep. We had people a few months back saying they'd lost literally everything, and now we've got people who are even more millionairey than before. It's not tangible, it's essentially gambling.
____________________
British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Robby
Dirty Old Man



Joined: 16 May 2002
Karma :

PostPosted: 19:02 - 30 Nov 2024    Post subject: Reply with quote

Easy-X wrote:
I've been trying to understand BitCoin on and off over the years. Technically I understand it, wearing my well-worn software developer hat, but economically...

Correct me if I'm wrong but BTC represents real work in that it takes computing power to mine. It represents a something Smile However, unlike like gold or oil it is in no way convertible - you cannot get back the work put into making it or anything equivalent.


This is what had a lot of cyber security people stumped at the beginning. It looked like a big distributed system for doing something useful, yet criminal, like brute forcing encryption.

Turns out it's even worse. It's just doing entirely pointless work and burning electricity in the process.
 Back to top
View user's profile Send private message You must be logged in to rate posts

RhynoCZ
Super Spammer



Joined: 09 Mar 2012
Karma :

PostPosted: 19:38 - 30 Nov 2024    Post subject: Reply with quote

Anything that is not a commodity (fuel, food, raw materials...) or a service and is being publicly traded is a game of trust, incl. the fiat money.

I take this piece of cloth (a banknote) and exchange it for goods with someone who trusts me that the piece of cloth I give him can be by him then exchanged again for something else. Or, I lend you this amount of zeros and ones representing the said cloth if you promise to return more of those in stipulated time.
____________________
'87 Honda XBR 500, '96 Kawasaki ZX7R P1, '90 Honda CB-1, '88 Kawasaki GPz550, MZ 150 ETZ
'95 Mercedes-Benz w202 C200 CGI, '98 Mercedes-Benz w210 E200 Kompressor
 Back to top
View user's profile Send private message You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 19:50 - 30 Nov 2024    Post subject: Reply with quote

RhynoCZ wrote:
Anything that is not a commodity (fuel, food, raw materials...) or a service and is being publicly traded is a game of trust, incl. the fiat money.

I take this piece of cloth (a banknote) and exchange it for goods with someone who trusts me that the piece of cloth I give him can be by him then exchanged again for something else.


Now we're onto the metaphysical: is a contract "real"? Or, more practically, how seriously do you respect contracts? This relates to a philosophical question that I've been wrestling with lately: is a story more real if it's printed in a book?

The funny thing is there's a significant overlap in the Venn Diagram between people who wholeheartedly reject the concept of God but at the same time respect contracts. "Man with white beard in the sky? Are you joking?!" and yet we must 100% respect contract law. Why? Both represent articles of faith!

It's metaphor vs. empiricism, vitalism vs. mechanism.
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 20:19 - 30 Nov 2024    Post subject: Reply with quote

There's a fucking big difference between beleiving in a sky fairy despite having no evidence that one exists and formally agreeing with another entity that you will do something if they do something.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 21:43 - 30 Nov 2024    Post subject: Reply with quote

Nobby the Bastard wrote:
There's a fucking big difference between beleiving in a sky fairy despite having no evidence that one exists and formally agreeing with another entity that you will do something if they do something.


Is there? And why do you find such a question so threatening?

I think it's easier to analyse if you refer to a forerunner of contracts which might be oaths. One of those Middle-Ages things we modern, oh so progressive people scoff at but "back in the day" they took oaths seriously, very seriously. As in if you broke an oath you may as well pack up and exile yourself in France Shocked

I suppose what I'm asking is: do you respect contracts because it's the right thing to do or merely because some outside mediator will kick your arse? (i.e. the State) Further, it occurs to me it is in the interests said third party to downplay any questions of intrinsic right and wrong just to keep themselves in a job.
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 21:54 - 30 Nov 2024    Post subject: Reply with quote

You really are off with the fairies.

Break a contract with one entity, no other entity will enter into a contract with you.

That's the power of the contract. It has nothing to do with faith.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 22:04 - 30 Nov 2024    Post subject: Reply with quote

Nobby the Bastard wrote:
You really are off with the fairies.

Break a contract with one entity, no other entity will enter into a contract with you.

That's the power of the contract. It has nothing to do with faith.


Wow, you're really upset by this. I must be onto something Smile

How exactly is everyone informed you broke a contract, an outside mediator like the State perchance?
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

RhynoCZ
Super Spammer



Joined: 09 Mar 2012
Karma :

PostPosted: 09:38 - 01 Dec 2024    Post subject: Reply with quote

Now, what you, Easy-X, wonder about is a philosophical question given to every single law student. Where do the morality, honesty, laws... come from?

I say it's good old violence and/or public defamation. An outside mediator is a social construct created to give things order and to speed things up for greater good. A social contract if you will. I mean, laws are nothing else but a bunch of social contracts.

As for the question of faith, I'm Czech, we don't believe in any of that.
____________________
'87 Honda XBR 500, '96 Kawasaki ZX7R P1, '90 Honda CB-1, '88 Kawasaki GPz550, MZ 150 ETZ
'95 Mercedes-Benz w202 C200 CGI, '98 Mercedes-Benz w210 E200 Kompressor
 Back to top
View user's profile Send private message You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 12:34 - 01 Dec 2024    Post subject: Reply with quote

RhynoCZ wrote:
As for the question of faith, I'm Czech, we don't believe in any of that.


Don't get me wrong, if someone's building a bridge I want pure mechanistic autism. "Hey Bob, have you got the stress test figures on the steel?" "Don't worry, Jeff, I have faith in our suppliers!" Errrr.... no thanks. Years later though, if one were to cross said bridge, it's faith that carries you over with nary a thought. The target of that faith may have shifted from knowing the name of the architect to an assumption an outside body (in the past a guild, now a standards institute overseen by the State) has sanctioned* the construction.

"Ah, but you're talking about physical things, things you can personally verify..." Really? I doubt most people would understand the numbers on steel quality, a materials engineer may as well be reading out scripture in Latin!

How many people understand how a blockchain works or even how it relates to BitCoin? Wink The disruptive part is you're putting you faith in something pointedly outside the State. For now anyway.

*Worth noting "sanctioned" and "sanctified" are etymologically the same word Wink
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

MarJay
But it's British!



Joined: 15 Sep 2003
Karma :

PostPosted: 12:51 - 01 Dec 2024    Post subject: Reply with quote

I can't go through the courts to make God listen to prayers, but I can do that with a contract.

Jeez, what is wrong with you?
____________________
British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 15:45 - 01 Dec 2024    Post subject: Reply with quote

MarJay wrote:
Jeez, what is wrong with you?


Part of my job is to try and understand how people think, what their expectations are, what motivates them. Sorry if that somehow upsets you.
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

The Artist
Super Spammer



Joined: 06 Jan 2008
Karma :

PostPosted: 20:58 - 01 Dec 2024    Post subject: Reply with quote

Easy-X wrote:
MarJay wrote:
Jeez, what is wrong with you?


Part of my job is to try and understand how people think, what their expectations are, what motivates them. Sorry if that somehow upsets you.


If you get paid to do that, one would think understanding the concept of the value crypto has would be simple.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 11:42 - 02 Dec 2024    Post subject: Reply with quote

The Artist wrote:
If you get paid to do that, one would think understanding the concept of the value crypto has would be simple.


Really? Are you're saying the financial and cultural impact of crypto is "simple" Thinking Was the introduction of the assembly line also simple? Henry Ford would like a word.
____________________
Royal Enfield Continental GT 535, Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :

PostPosted: 00:10 - 12 Dec 2024    Post subject: Reply with quote

Lol. I'm not sure where philosophy or metaphysics come into any of it, other than as descriptors of the behaviour of self-aware entities. Gotta have labels for shit, right?

We still use the oath in courtrooms, which is just the old label for contract. Contract with the court to tell the whole truth etc or there will be a penalty. You don't have to swear it of course, but then your 'currency' loses value.

Gold is a physical thing and thus has more value than a completely non-physical crypto but both will be valueless in an apocalypse (nobody will sell you a can of beans for gold).

Crypto...putting dollar value on a product of pure imagination, coz hoomans.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

The Artist
Super Spammer



Joined: 06 Jan 2008
Karma :

PostPosted: 08:49 - 12 Dec 2024    Post subject: Reply with quote

Hetzer wrote:
Gold is a physical thing and thus has more value than a completely non-physical crypto


They are totally different things. Do you think family is worth "more" than gold? But they aren't physical things!

Value is just a concept that is applied to all aspects of life. A bottle of water if you are stranded in a hot desert is worth more than a bar of gold or a bitcoin.

Crypto has value in our society right now because it does have a use (maybe not what many people think in terms of a conventional currency). Sure there is speculation but that is the same with anything, especially things relatively new to the market.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> The Geek Zone All times are GMT
Goto page Previous  1, 2, 3 ... , 57, 58, 59  Next
Page 58 of 59

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 

Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.10 Sec - Server Load: 0.87 - MySQL Queries: 16 - Page Size: 144.43 Kb