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homopit
replied 1951d
;) it's a cute concept, but there will always be fiat, and there will always be exchange-trading and speculation, and with hard cap money that will be more profitable than buying stuff
replied 1951d
Yep, but the trade back to fiat will be so small compared to the overall transactions. It won't affect anything.
homopit
replied 1951d
That's your theory. And it's OK to be your theory. I explained another theory. A wide known theory.
replied 1951d
Game over.
homopit
replied 1951d
What the fuck are you even talking about. Please put down that beer.
replied 1951d
I don't drink. That's why I never lose an argument. You can't defend your opinion with what I said, so you come up with this statement. It's perfectly clear. .
homopit
replied 1951d
You presented no argument and your opinion is from a fantasy world. How you want me to treat you then.
replied 1951d
I would be willing to bet that Satoshi is smarter than you are.
replied 1951d
Mike, homopit; The better points of your debate will be lost with these appeals to authority.
homopit
replied 1951d
You're right. Do I even remember why this started? Ah, two theories: hard money, or money with healthy inflation. That debate will never end.
replied 1951d
one more thing.If you look back to like 2014, Bitcoin went from like 200 to 1200 in one day. Why? because there were less traders, less transactions.More transactions = less volatility
replied 1951d
Go look at a penny stock with hardly any transactions. The BUY and the ASK are like 300% apart. But the minute many transactions start happening the Buy And ASK tighten up.
replied 1951d
Billions of transactions the price won't move.
replied 1951d
The debate will end because there will eventually be an answer after it's played out. But who knows how long it will take. Could be many, many years.
replied 1951d
Go back and read what Bitcoin is about and why Satoshi chose Deflationary instead of inflationary and this will all go away. Simple as that.
replied 1951d
If I can't spend it everywhere. What if I go to Australia and they won't accept it. Then maybe taking 15.00 for it in Australian dollars is a good deal.
replied 1951d
There is only 1 1849 20.00 gold coin in the Smitsonian. I guarantee you can take that 1 coin and spend it anywhere for 20.00. Why would I ever sell if for cheaper than 20.00?
replied 1951d
“You’re telling me I can cash the capital gains from my satoshi in fiat?”

“No, Neo, I’m telling you that when you’re ready, you won’t have to.”