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homopit
replied 1947d
Most coins will be "locked" in exchanges, only small part will be actually circulating for buying goods.
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replied 1947d
Exchanges can't lock coins. What's going to happen is exchanges will have less coins and people will be trading fractions of a coin.
homopit
replied 1947d
I think you are misunderstanding the point that I'm trying to convey to you.
replied 1947d
Maybe so because you're not making any sense.
homopit
replied 1947d
and it's also hard to convey this in this limited space
homopit
replied 1947d
I know that it's hard to awake somebody that's deep into something, that can't see the reality.
replied 1947d
If there are only 2 coins in the world and they are valued at 100.00 and nobody sells for fiat at a cheaper price, there is no volatility.
homopit
replied 1947d
OK, enough now, this is becoming ridiculous.
homopit
replied 1947d
There isn't such a world and, be honest to yourself, there will never be such a world.
replied 1947d
Be honest, that is a lousy answer. This is what you say when you have no answer.
homopit
replied 1947d
If your question starts "there are only 2 coins in the world", then that above was my answer.
replied 1947d
If I can spend my 100.00 coin anywhere, then why would I sell it for a cheaper price? I can't paint the picture any clearer.
homopit
replied 1947d
You're painting your own picture, how you see the world. It doesn't mean that your picture is a real world.
replied 1947d
I am just stating at an elementary level full understanding of what you say isn't true.
homopit
replied 1947d
In imaginary worlds anything can be true.
replied 1947d
It's a simple concept If a coin is not being traded back for fiat, there is no volatility
homopit
replied 1947d
;) 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 1947d
Yep, but the trade back to fiat will be so small compared to the overall transactions. It won't affect anything.
homopit
replied 1947d
That's your theory. And it's OK to be your theory. I explained another theory. A wide known theory.
replied 1947d
Game over.
homopit
replied 1947d
What the fuck are you even talking about. Please put down that beer.
replied 1947d
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 1947d
You presented no argument and your opinion is from a fantasy world. How you want me to treat you then.
replied 1947d
I would be willing to bet that Satoshi is smarter than you are.
replied 1947d
Mike, homopit; The better points of your debate will be lost with these appeals to authority.
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homopit
replied 1947d
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 1947d
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
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555
replied 1947d
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 1947d
Billions of transactions the price won't move.
replied 1947d
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 1947d
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 1947d
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 1947d
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 1947d
“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.”


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