Bitcoin
Bitcoin
Out of context: Reply #100
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- omg0
@ETM
So then you are proposing that the exchange rate between USD and bitcoin indicates that the USD is worthless. So a $50USD item would have to sell for $3000USD worth of bitcoin.- No, I am proposing get your head out of that space altogether.ETM
- what space?omg
- i think mainly I'd have to realize what kind of value i could make in bitcoin to realize the true worth.omg
- You assume true worth is simply a USD. That's your problem. And arguing is pointless until you can look beyond that.ETM
- beyond that.ETM
- You buy something in bitcoins with bitcoins. You plan on converting to and from USD constantly?ETM
- That's your problem. Do you think average people in countries around the world weigh what they are about to pay in their currency against the USD?ETM
- pay in their currency what the product equivalent exchange cost in USD is?ETM
- No. If the price is fair in their value system it is, either personally or evaluated by society, then it is.ETM
- this would all be relevant if we weren't buying bitcoins with USD. in the end we are exchanging USD for products with bitcoins as a middlemanscarabin
- and bitcoins are just an in between stepscarabin
- not really, I got my bitcoins by selling bahmi sandwiches with lemonade. I will spend them on something else without converting to dollarszaq
- converting to dollarszaq
- then we all have different value standards for themscarabin
- @scarabin - Smart people MINE bitcoins while the opportunity exists, not buy them.ETM