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Why Is Bitcoin Valuable?

taylorpearson.me

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Re: Why Is Bitcoin Valuable?

#71

Post by ben_w »

ThomPete wrote: post #67
ben_w wrote: post #65

Earlier quoted context omitted.

First, by writing “just one person’s cash”, it is automatic to infer you consider this representative. I assert that it is not, and furthermore that if it were even close then the criminal economy would vastly exceed the non-criminal one. Second, look at the date on that and tell me, with a straight face, that they didn’t use any cryptocurrencies. If they really did have $22bn, perhaps even if they only had $22m, I e…

I am not the one claiming one is worse than the other. You are.

I am not saying “worse”, I am saying “superset”. On the basis that all crimes that can occur with cash have an equivalent that can happen with cryptocurrencies but not vice versa — you cannot force someon else’s computer to forge coins for you, and high-value transactions have rules against cash in places that don’t have rules against cryptocurrencies.

I do not understand how you consider you response to be relevant, however.

Re: Why Is Bitcoin Valuable?

#72

Post by ben_w »

ThomPete wrote: post #68
ben_w wrote: post #66

Earlier quoted context omitted.

How many crimes occurred on or by means of the Silk Road and it’s clones?

Compared to cash? An infinitesimal amount.

It’s just occurred to me I have been ambiguous. I am talking about sets and classes, but you are responding as if I meant individual crimes (for which the 300,000 transactions per day limit provides a plausible upper ceiling, iff they only used bitcoin).

Let me rephrase: how many categories of crime occurred on Silk Road et al, and how many are not — based on current law enforcement — plausible to get away with when involving cash?

Re: Why Is Bitcoin Valuable?

#73

Post by Karnickel »

ThomPete wrote: post #68
ben_w wrote: post #66

Earlier quoted context omitted.

How many crimes occurred on or by means of the Silk Road and it’s clones?

Compared to cash? An infinitesimal amount.

Do you seriously compare the total amounts of something HUGE and something tiny? The size of the cash universe still is orders of magnitude larger than Silkroad ever was - and you compare the totals? Seriously?

Re: Why Is Bitcoin Valuable?

#74

Post by Karnickel »

ThomPete wrote: post #64
Karnickel wrote: post #63

Earlier quoted context omitted.

I don't understand what your question has to do with anything I wrote. Unless your intention is not an actual honest discussion, but to mislead - but surely that cannot be true.

My intention was to show you that there is in fact similarities between cash and bitcoin and that your claim that there isnt at all is wrong. They are both used for crime and cash is used way more for crime than bitcoin is. So your claim is simply wrong.

> that your claim that there isnt at all is wrong.

Well, it isn't, as I already pointed out. Is the main strength of your argument how often you repeat it?

> So your claim is simply wrong.

Ah, yes, as I suspected. A strong conviction in place of arguments, reasoning and considering other people's arguments.

Re: Why Is Bitcoin Valuable?

#75

Post by ThomPete »

Karnickel wrote: post #74
ThomPete wrote: post #64

Earlier quoted context omitted.

My intention was to show you that there is in fact similarities between cash and bitcoin and that your claim that there isnt at all is wrong. They are both used for crime and cash is used way more for crime than bitcoin is. So your claim is simply wrong.

> that your claim that there isnt at all is wrong. Well, it isn't, as I already pointed out. Is the main strength of your argument how often you repeat it? > So your claim is simply wrong. Ah, yes, as I suspected. A strong conviction in place of arguments, reasoning and considering other people's arguments.

You haven't provided any argument in how they are different and in fact you haven't provided any argument in how cryptocurrencies are worse than cash.

I am not holding my breath that you will of course, but just so that we are clear.

Re: Why Is Bitcoin Valuable?

#76

Post by ThomPete »

ben_w wrote: post #71
ThomPete wrote: post #67

Earlier quoted context omitted.

I am not the one claiming one is worse than the other. You are.

I am not saying “worse”, I am saying “superset”. On the basis that all crimes that can occur with cash have an equivalent that can happen with cryptocurrencies but not vice versa — you cannot force someon else’s computer to forge coins for you, and high-value transactions have rules against cash in places that don’t have rules against cryptocurrencies. I do not understand how you consider you response to be relevant,…

I do not understand your question.

Cash and crypto can be used for more or less the same number of crimes. That was my original point.

Furthermore cash is defacto being used for more crimes every day as most criminals are using cash not crypto.

Re: Why Is Bitcoin Valuable?

#77

Post by ThomPete »

Karnickel wrote: post #73
ThomPete wrote: post #68

Earlier quoted context omitted.

Compared to cash? An infinitesimal amount.

Do you seriously compare the total amounts of something HUGE and something tiny? The size of the cash universe still is orders of magnitude larger than Silkroad ever was - and you compare the totals ? Seriously?

No I am comparing the utility of cash with the utility of crypto.

The claim was made that crypto is bad because it can be used for crime to which i responded like cash.

You claimed it's not at all like cash but you haven't actually provided any argument for how it's not. Instead you have looked at a few obvious differences which doesn't take anything away from the original claim that cash and crypto can be used for the same things and in fact are being used for the same thing.

I don't know how to make it much more clear.

Re: Why Is Bitcoin Valuable?

#78

Post by orionblastar »

makomk wrote: post #36
orionblastar wrote: post #6

Supply and demand curves are what make things valuable or not. Bitcoin has a finite set of coins in its network. Most people only buy fractions of a bitcoin because one full bitcoin is too pricy for them. People used to earn Bitcoins using GPU mining rigs. ASIC miners made that obsolete. GPU mining is no longer profitable but the average person does not know or understand that. I've seen stores like Microcenter sell…

I'm pretty sure that the reason GPUs are sold out everywhere is GPU mining of Ethereum, not Bitcoin.

Than you, I have not heard of Ethereum or how to mine it. I'll look into it later when I have some more free time to do so.

Re: Why Is Bitcoin Valuable?

#79

Post by Karnickel »

ThomPete wrote: post #75
Karnickel wrote: post #74

Earlier quoted context omitted.

> that your claim that there isnt at all is wrong. Well, it isn't, as I already pointed out. Is the main strength of your argument how often you repeat it? > So your claim is simply wrong. Ah, yes, as I suspected. A strong conviction in place of arguments, reasoning and considering other people's arguments.

You haven't provided any argument in how they are different and in fact you haven't provided any argument in how cryptocurrencies are worse than cash. I am not holding my breath that you will of course, but just so that we are clear.

> You haven't provided any argument in how they are different

You are quite the joker. Or maybe you have some real problems reading English?

Try again: https://news.ycombinator.com/item?id=16197689

Of course, it's been quite obvious for a while that you are just trolling.

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