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[quote]What on earth do a few investors influencing factors have to do with economic calculation as a whole? Does a house wife use gold when taking inventory and budgeting the households supplies?[/quote] A few investor's? So you think the entire world investing market is only a few investor's? Please tell me you aren't a licensed broker
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[quote]A) This does not mean that economic calculation or the broad employment of general accounting is done with gold or has anything to do with gold. B) Gold has less of an influence then you give credit for. C) It's arrogant when you tell people research something when your own statement reveals ignorance. Economic calculaiton is not done in
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[quote] Correct. Gold is not current a widely accepted medium of indirect exchange. This whole thread, as far as researching and doing your homework, has gone down the poop shoot. [/quote] This is not true. All Central Banking authorities and Federal Government's do exchanges in Gold. This is the purpose of the XAU, and the AUZ. One would think
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The only thing that I have posted based on emotion in this thread has been how humorous that you people are wasting your time with this discussion. Bitcoin is not viable, and it will fail. It will fail, because of the lack of people willing to support such a ridiculous notion, So Peter, your argument here is irrational. Not to mention that you are arguing
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That this thread is still going on the same argument still after how many pages is ridiculous. Bitcoin fail's the one test that makes money money, it's not Fungible. One Bitcoin online is not worth the same as a Bitcoin in the real world. USD and Gold have that distinction. Bitcoin is nothing more than a ridiculous scam. The people that would
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[quote]It's a provable fact that bitcoins are "worth something" at any given time. That's not the same as advocacy, nor is pointing out errors of fact, which I have also done.[/quote] The only fact about them that is provable is that certain small group's of maybe a few hundred people in the world have taken it upon themselves
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[quote]LOL! You must be projecting. I've made little effort to convince this crowd of anything. Everyone here seems set in their mode of thinking, whether they agree with myself or not. Perhaps that's also true with myself. Everyone believes they are the rational ones. I've read this forum off & on for years, due to an outsized interest
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[quote]The common Internet commentator with the pretense of an education in the subject. The difference being that this one actually knows Bitcoin pretty well, although his economic credentials could be in question; and you don't understand Bitcoin while your economic credentials are still in question.[/quote] It seem's to me that you are mistaking
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^^^ This is something I have been working to explain to the Bitcoin fanatics. I've even had one try to tell me that the stuff he bought in that Secondlife thing with his bitcoins were worth more than my tangible good's in my real house. I really did not know how to reply to this at first. Then I asked him if he was still thirsty after he drank
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I was referring to legal Prostitutes. In Nevada they do take Euro's.