Search found 160 matches

by bitcoininthevp
Mon Jan 07, 2019 9:49 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

What problem do I have that crypto is solving. Tax avoidance? technov, you should be supporting it then =) I cant know your situation and how Bitcoin might benefit you, but here are some examples of what people are using Bitcoin for. I am not claiming Bitcoin is a perfect solution for each of these...
by bitcoininthevp
Thu Jan 03, 2019 4:35 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

gaddyslapper007 wrote:
Thu Jan 03, 2019 4:16 pm
I'm sensing a hint of Saifedean Ammous in the above comments.... 8)
Absolutely! I even linked to his book.
by bitcoininthevp
Sat Dec 22, 2018 4:59 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

Hard Money : (def) Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value. I was using the term hard money to refer to its ability to be controlled/inflated by man and thus its stock/flow ratio. By this definition yo...
by bitcoininthevp
Sat Dec 22, 2018 4:39 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

There is no evidence that Bitcoin will ever be stable, and lots of evidence that it will not be. There is also no evidence that it will ever be used to any significant extent in commerce. It is hard for me to think of evidence that could be provided that a nascent technology will achieve its end go...
by bitcoininthevp
Fri Dec 21, 2018 1:43 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

As soon as Bitcoin has 1/10th the track record of gold, I'll consider it. This is reasonable. However you would miss out on the appreciation of bitcoin as it monetizes. At some point bitcoin will be stable. It is at this point that it will be a good unit of account and medium of exchange. So you wi...
by bitcoininthevp
Fri Dec 21, 2018 1:37 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

Gold is hard money, sure. But Bitcoin is even harder. I don't know where you are getting your drugs... but they are quality. Im open to hearing your viewpoints on the matter and even to educate myself. But seeing platitudes like this is not very useful for anyone. Ive explained why I think that gol...
by bitcoininthevp
Fri Dec 21, 2018 5:10 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

And none of that will mean anything when it is abandoned as being completely worthless. I agree that if Bitcoin is abandoned it will be largely worthless. Why do you think such a thing would happen? What would happen to cause scarce, hard to censor, hard to inflate, hard to confiscate, hard to coun...
by bitcoininthevp
Thu Dec 20, 2018 1:55 pm
Forum: Variable Portfolio Discussion
Topic: Tight Money Coming?
Replies: 4
Views: 1402

Tight Money Coming?

Would like to hear the PPers thoughts on the fact that $50b/mo of liquidity is being taken out of the money supply (fed rolling sheet) combined with the rate hikes. Do you think we are in for a period of tight money? "A period during which the growth of the supply of money in circulation slows down....
by bitcoininthevp
Thu Dec 20, 2018 1:43 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

boglerdude wrote:
Sat Sep 01, 2018 10:36 pm
Why is bitcoin going to remain the preferred coin
It has first mover advantage, the largest current market cap, the best developers, the most hashrate securing it, the largest ecosystem surrounding it, a clear purpose which it has delivered on (hard money), the best monetary policy.
by bitcoininthevp
Thu Dec 20, 2018 1:41 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

Yeah, unfortunately everyone has confused something that was meant to be a currency with an investment/speculation. Even the people running the project now! That is not correct. Bitcoin is becoming money. It needs to gain an insane amount of value per coin in order to become (global) money given it...
by bitcoininthevp
Thu Dec 20, 2018 1:38 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

Bitcoin is the greatest racket since someone started selling pet rocks. Of course when you bought a pet rock, you actually got... a rock. Care to elaborate? Do you encourage hard money, which Bitcoin is attempting to provide? If so, is your concern Bitcoin will not deliver on its promise of hard mo...
by bitcoininthevp
Thu Dec 20, 2018 1:34 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10940

Re: Harry on Bitcoin

I think the glaring difference between Bitcoin and Gold Money is that gold is gold, but as we've seen, people have been coming out the woodworks with competing cryptocurrencies. There's a term for this that is escaping me at the moment. I can spin up a cryptocurrency tonight. That does not mean it ...