IRS Wins Bitcoin Fight, Gets Access to 14,000 Coinbase Accounts

[Jack V Savage]

Doesn't mean the troll job wasn't dedicated...Kind of like yours.

Oh, come on. You don't really think I'm trolling; you just say that when you start to get over your head. Rip really was playing a character. I thought it was funny at times, but also got old (and I bet that's part of why he wanted to check out). Wouldn't surprise me if he's back with a different gimmick already.

 

[Jack V Savage]

I'm afraid a store of value is still a criteria of money. You goofballs really enjoy making shit up about economics as you go huh?

So you didn't realize that that whole thing was a joke? Do you have some kind of condition?

 

[VivaRevolution]

Well, you're crazy, but at least your fantasy life sounds fun. Cheers.

My fantasy life is full of amazing fantasy books. This however is off topic.

Unless you want some recommendations. Im a big robbin hobb, and Brent weeks fan.

 

[Greoric]

So you didn't realize that that whole thing was a joke? Do you have some kind of condition?

Nice projection autistic Jack.

 

[Greoric]

Rip really was playing a character. I thought it was funny at times, but also got old (and I bet that's part of why he wanted to check out). Wouldn't surprise me if he's back with a different gimmick already.

Yeah I'm getting caught up on some of the gold right now.

 

[Quipling]

I'm afraid a store of value is still a criteria of money. You goofballs really enjoy making shit up about economics as you go huh?

Being "a store of value" is necessary to be money.

Underlying value is not. This is why bitcoin can be currency even though it's not good for anything except currency (and, I suppose, as a speculative investment that someone else will buy it).

It's also where one of the underlying criticisms of bitcoin as currency comes in: although it has risen in price over time, it has demonstrable volatility over the past few years, with 4X swings in the course of a year. Cocaine has underlying value because it smells nice. This is why I made the crack about putting bitcoin up your nose.

This is not me "making shit up about economics." This is you failing to parse distinctions.

Those aren't periods, they are a e-line of cocaine for you.

I don't actually use cocaine, I just exchange it for goods and service.

 

[Jack V Savage]

My fantasy life is full of amazing fantasy books. This however is off topic.

Unless you want some recommendations. Im a big robbin hobb, and Brent weeks fan.

Never heard of either. Just recently went through Denis Johnson's oeuvre (he died in May) again, and also been running through Hammett and John D. MacDonald in the past month.

 

[VivaRevolution]

Never heard of either. Just recently went through Denis Johnson's oeuvre (he died in May) again, and also been running through Hammett and John D. MacDonald in the past month.

That's not fun reading.

 

[Greoric]

Being "a store of value" is necessary to be money.

Underlying value is not. This is why bitcoin can be currency, and we don't need it to be backed by gold etc. It's also where one of the underlying criticisms of bitcoin as currency comes in: although it has risen in price over time, it has demonstrable volatility over the past few years, with 4X swings in the course of a year. Cocaine has underlying value because it smells nice. This is why I made the crack about putting bitcoin up your nose.

This is not me "making shit up about economics." This is you failing to parse distinctions.

No, I agree. That's been my underlying criticism of bitcoin for years now. I am, however, impressed at the height its reached though.

 

[HomerThompson]

Being "a store of value" is necessary to be money.



I don't actually use cocaine, I just exchange it for goods and service.

 

[Jack V Savage]

That's not fun reading.

Are you not familiar with them? Certainly Johnson has some heavy shit (loved, loved, loved "Already Dead" despite that, though), but "Jesus' Son" and "Nobody Move" are quick, gripping, fun reads. Hammett and MacDonald are two of the most fun writers ever.

 

[VivaRevolution]

Are you not familiar with them? Certainly Johnson has some heavy shit (loved, loved, loved "Already Dead" despite that, though), but "Jesus' Son" and "Nobody Move" are quick, gripping, fun reads. Hammett and MacDonald are two of the most fun writers ever.

Not familiar. Already dead had an interesting synopsis.

 

[Quipling]

No, I agree. That's been my underlying criticism of bitcoin for years now. I am, however, impressed at the height its reached though.

In the interest of undermining newfound agreement, I'm going to make a new argument:

MDMA, (preferably dissolved in honey) meets your criteria better than bitcoin. Incredibly shelf stable despite being an organic (I checked), fungible, and divisible. And the underlying value is hedged by the fact that it's ecstasy, although that has finite demand. The biggest problem is that we can't email it to eachother, but this can be solved via banks.

 

[Jack V Savage]

Not familiar. Already dead had an interesting synopsis.

You're not familiar with Dashiell Hammett? Maltese Falcon doesn't ring a bell? Travis McGee?

Anyway, here's the first chapter of Already Dead:

http://www.nytimes.com/books/first/j/johnson-dead.html

 

[Greoric]

In the interest of undermining newfound agreement, I'm going to make a new argument:

MDMA, (preferably dissolved in honey) meets your criteria better than bitcoin. Incredibly shelf stable despite being an organic (I checked), fungible, and divisible. And the underlying value is hedged by the fact that it's ecstasy, although that has finite demand. The biggest problem is that we can't email it to eachother, but this can be solved via banks.

Stop the madness. Yeah durability is a spectrum, but the kind of durability we're speaking about here is a metal.... like gold or silver or copper, and not even iron because it oxidizes. Below iron is still X... because its galvanized by fucking honey.

 

[Quipling]

Stop the madness. Yeah durability is a spectrum, but the kind of durability we're speaking about here is a metal.... like gold or silver or copper, and not even iron because it oxidizes. Below iron is still X... because its galvanized by fucking honey.

"like . . . silver or copper, and not even iron because it oxidizes"

Oh man I have some bad news for you about silver and copper if you think they don't oxidize quickly

 

[Greoric]

"like . . . silver or copper, and not even iron because it oxidizes"

Oh man I have some bad news for you about silver and copper if you think they don't oxidize quickly

Yeah I don't think you have any news. They're pretty resistant to oxidation dude.

 

[Quipling]

Yeah I don't think you have any news. They're pretty resistant to oxidation dude.

Have you ever owned real silverware?

That black stuff is the silver oxidizing. It appears within days. Unalloyed copper has similar problems, except it turns green.

Now, you might argue that the fact that oxidization slows dramatically after a surface layer is good enough to be resistant to oxidation, but not only is this not your original claim, but it reduces the value of silver or copper (especially copper) as divisible.

I suspect that if we compared the stability of MDMA to copper or silver at similar surface areas we would find that they did not substantially outperform MDMA.

 

[Greoric]

Have you ever owned real silverware?

That black stuff is the silver oxidizing. It appears within days. Unalloyed copper has similar problems, except it turns green.

Now, you might argue that the fact that oxidization slows dramatically after a surface layer is good enough to be resistant to oxidation, but not only is this not your original claim, but it reduces the value of silver or copper (especially copper) as divisible.

I suspect that if we compared the stability of MDMA to copper or silver at similar surface areas we would find that they did not substantially outperform MDMA.

Bullshit. I'm actually looking at a stack of Ag in a container that's been sitting outside for over a year now. I could still use it for a mirror to shave its so shiny.

Anyway, here you are shitting on one of the most oxidation resistant metals we know of for its durability, while holding up a fucking organic compound wrapped in fucking sugar. Because ego. Jesus Christ dude. Shut up.

 

[Quipling]

Bullshit. I'm actually looking at a stack of Ag in a container that's been sitting outside for over a year now. I could still use it for a mirror to shave its so shiny.

Anyway, here you are shitting on one of the most oxidation resistant metals we know of for its durability, while holding up a fucking organic compound wrapped in fucking sugar. Because ego. Jesus Christ dude. Shut up.