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It's legal to import prescription drugs to the UK. P2P payment is a big one. I think kids may use it, since they can't get PayPal et al(?). Thought of that yes

It's legal to import prescription drugs to the UK. P2P payment is a big one. I think kids may use it, since they can't get PayPal et al(?). Thought of that yesterday. That's a generation growing up with crypto. Investing in startups around the world is new (via token sales). Investing in uncorrelated assets is valuable. Eat gold. Browser micropayments could get big (Brave browser). Ppl may even get paid for attention in the future. Iota for the internet of thing (haven't looked into that much). Hedge against fiat inflation. Internet ported to decentralised infra if Trump etc start pulling 1984 bs. Self-driving cars paying toll road via crypto (just made that up). Solar panels off-setting their cost via crypto-mining. Then ppl have crypto to spend. Decentralised file systems. Decentralised storage. That's a few whilst I whale on my legs.

lambdadmitry 9y ago
I strongly suspect that your argument is dishonest. Most probably you just bought some modafinil from a couple of sellers who give big discounts when you pay them in BTC (because they are aware of the grey zone they are in). It's not really an argument for general BTC utility.
- discombobulate 9y ago
  I bought some rapamycin. It's an immune suppressor for an autoimmune disorder. & A few other anti-inflammatory medications. & Other bits & bobs. I've given a list of other use cases. I've bought modafinil before. That's legal, also. I try & be open about things. Helps against cunts who try & attack me. Edit: bought the Moda with a CC, I think. Not from a pharmacy.
  - lambdadmitry 9y ago
    I'm sorry for my empty suspicions then. This was pretty vicious, I apologize.
    - discombobulate 9y ago
      OK. Good of you to apologise.
wpietri 9y ago
These are mostly hypothetical use cases. And that's my big problem with Bitcoin advocates. I ask, "How is Bitcoin creating value today?" And 98% of the answers I get are, "Tomorrow will be amazing!!1!" I have received that consistently for eight years. Strong fundamentals don't include "might be amazing one day". I too enjoy science fiction, but...
- discombobulate 9y ago
  Just checked. Most of them are real Edit: you seem to not know they are real, because you haven't looked into it. Because you don't think it's real. Maybe someone else told you when you asked, but you didn't listen? Edit2: Howard Marks -- the investor -- recently said bitcoin wasn't real. So you're not alone in thinking x-real-thing isn't real!
  - wpietri 9y ago
    Let's see your data. For things that drive fundamentals, I'm looking for data that a given use for Bitcoin has at least 1% market share versus competitor technologies, and hopefully above 15%, so it's clear that the idea has crossed the chasm.
    - discombobulate 9y ago
      By 15% penetration, I don't think I can get a 100x return. I've invested aggressively. Don't think that's possible even @ 1%. I'm probably going to be holding some of the assets for a decade. Something like that. Unless the whole thing tanks. Good investment opportunities don't come around vary often. By the next one I should have made the money back (& more). The entire crypto-economy is worth something like 70B. Way smaller than Facebook/Goog/aapl. If you want a sure thing, crypto ain't it! I do think it's a good bet, though (asymmetric). I've used Bitcoin again instead of a wire. Wires don't go on the weekend.
      - wpietri 9y ago
        I'm glad you are happy with your investments, but that seems entirely beside the point we are discussing. To review, gray-area suggested Bitcoin could be a speculative bubble because there's strong exuberance and weak fundamentals. You objected to that phrase, claiming that "it works". I said that "works" is too low a standard for strong fundamentals; for that you need significant use driven by a user value proposition stronger than the alternatives. You claimed, as best I can tell, that significant use is occurring. I am asking you for data demonstrating that. I have been asking Bitcoin advocates for that for years and never received any. You haven't given me any either. Do you have it?

lambdadmitry 9y ago

I strongly suspect that your argument is dishonest. Most probably you just bought some modafinil from a couple of sellers who give big discounts when you pay them in BTC (because they are aware of the grey zone they are in). It's not really an argument for general BTC utility.

discombobulate 9y ago
I bought some rapamycin. It's an immune suppressor for an autoimmune disorder. & A few other anti-inflammatory medications. & Other bits & bobs. I've given a list of other use cases. I've bought modafinil before. That's legal, also. I try & be open about things. Helps against cunts who try & attack me. Edit: bought the Moda with a CC, I think. Not from a pharmacy.
- lambdadmitry 9y ago
  I'm sorry for my empty suspicions then. This was pretty vicious, I apologize.
  - discombobulate 9y ago
    OK. Good of you to apologise.

wpietri 9y ago

These are mostly hypothetical use cases. And that's my big problem with Bitcoin advocates. I ask, "How is Bitcoin creating value today?" And 98% of the answers I get are, "Tomorrow will be amazing!!1!" I have received that consistently for eight years. Strong fundamentals don't include "might be amazing one day". I too enjoy science fiction, but...

discombobulate 9y ago
Just checked. Most of them are real Edit: you seem to not know they are real, because you haven't looked into it. Because you don't think it's real. Maybe someone else told you when you asked, but you didn't listen? Edit2: Howard Marks -- the investor -- recently said bitcoin wasn't real. So you're not alone in thinking x-real-thing isn't real!
- wpietri 9y ago
  Let's see your data. For things that drive fundamentals, I'm looking for data that a given use for Bitcoin has at least 1% market share versus competitor technologies, and hopefully above 15%, so it's clear that the idea has crossed the chasm.
  - discombobulate 9y ago
    By 15% penetration, I don't think I can get a 100x return. I've invested aggressively. Don't think that's possible even @ 1%. I'm probably going to be holding some of the assets for a decade. Something like that. Unless the whole thing tanks. Good investment opportunities don't come around vary often. By the next one I should have made the money back (& more). The entire crypto-economy is worth something like 70B. Way smaller than Facebook/Goog/aapl. If you want a sure thing, crypto ain't it! I do think it's a good bet, though (asymmetric). I've used Bitcoin again instead of a wire. Wires don't go on the weekend.
    - wpietri 9y ago
      I'm glad you are happy with your investments, but that seems entirely beside the point we are discussing. To review, gray-area suggested Bitcoin could be a speculative bubble because there's strong exuberance and weak fundamentals. You objected to that phrase, claiming that "it works". I said that "works" is too low a standard for strong fundamentals; for that you need significant use driven by a user value proposition stronger than the alternatives. You claimed, as best I can tell, that significant use is occurring. I am asking you for data demonstrating that. I have been asking Bitcoin advocates for that for years and never received any. You haven't given me any either. Do you have it?