3 ms·

I don't remember saying anything you can buy with USD you can buy with BTC. I never even hinted that BTC was a replacement for USD in any sense. I don't know a

I don't remember saying anything you can buy with USD you can buy with BTC. I never even hinted that BTC was a replacement for USD in any sense. I don't know about everyone else, but here's what I mean when I say you can make money on BTC: Buy low, sell high.

pmiller2 7y ago
You said people were arguing BTC had no use. I’m asking what I can use it for? And, when you say buy low, sell high, low and high relative to what?
- ziddoap 7y ago
  Do you want a literal list of things you can do with BTC? I feel like your trying to draw me into an argument I never made. I don't think BTC is going to replace USD, I never said it's going to replace USD. But you're in an alternate reality if you don't think people are doing anything with it. What do you think people are doing with BTC? Just buying it and putting it into cold storage forever? And again, your second question is just baiting for an argument I never made. Of course I mean relative to fiat currency, what else would I have meant?
  - pmiller2 7y ago
    Ok, what legitimate, legal use does BTC have where it has an actual advantage over USD, then? If there is none, then that’s what I mean by “BTC is useless.” My second question was getting at precisely the same point: that fiat currency is strictly superior to BTC. If you can’t provide a single legitimate use for it other than as a magical money machine, I would take that as evidence that it’s useless.
    - ziddoap 7y ago
      It's odd that if something doesn't have an advantage over something else that it's immediately useless. I also don't know where you think I said that BTC is superior? Something doesn't need to be superior to have a use. Why do you keep moving the goalposts? First, it's completely useless. Now it might have a use, but if it's not superior it might as well be useless. Oh, and now it has to be legal (in the USA? Mexico? Russia?). To indulge you, here's a transfer of 194k BTC for $0.00[1]. How much would your bank charge you for an international wire transfer of a few hundred million dollars or more? [1]https://www.blockchain.com/btc/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204 https://www.blockchain.com/btc/tx/1c12443203a48f42cdf7b1acee...
      - pmiller2 7y ago
        No, the goal posts are right where you last saw them; your field goal was just blocked. I am saying that USD is strictly superior to BTC for all legitimate/legal use cases. If you want to hide assets or buy cocaine, BTC might be better, sure. But, otherwise it’s like comparing a 1980s computer to one from today. What use does a 35 year old PC have today other than as a museum piece? You are, in fact, the one who’s being disingenuous here. That 194K BTC transfer is not free if you want to do anything with it. Coinbase would charge you 0.5% on both ends to convert it into fiat currency. You can directly transfer money for 1% already. No advantage. As for “legal,” you know damn well what it means: can I be prosecuted successfully for what I’m about to do? If not, it’s legal.
        ziddoap 7y ago
        I never said BTC was superior, in any way, in any form. I never said BTC was a replacement for USD. I never said BTC was going to replace any fiat currency. I never said that BTC is suprior than USD for legal purposes. Literally, the only thing I said was that BTC has a use, some people obviously think it has value, and semantically it falls under the definition of invest. How you managed to drag me into an argument about the legality of BTC and how it's superior to USD - all things I never said or claimed - is actually really astonishing. >No, the goal posts are right where you last saw them; your field goal was just blocked. That was one of the funniest things I've read all day (sincerely), so thanks for that. I would just comment that you started with: >You said people were arguing BTC had no use. I’m asking what I can use it for? And ended with >I am saying that USD is strictly superior to BTC for all legitimate/legal use cases. If you want to hide assets or buy cocaine, BTC might be better, sure. But, otherwise it’s like comparing a 1980s computer to one from today. If that's you "blocking", cool. We have different opinions on what the phrase "moving the goal posts" is, I guess. >As for “legal,” you know damn well what it means: can I be prosecuted successfully for what I’m about to do? If not, it’s legal. Laws are different in different countries. What you can be successfully prosecuted in one country for is completely legal in others.

pmiller2 7y ago

You said people were arguing BTC had no use. I’m asking what I can use it for? And, when you say buy low, sell high, low and high relative to what?

ziddoap 7y ago
Do you want a literal list of things you can do with BTC? I feel like your trying to draw me into an argument I never made. I don't think BTC is going to replace USD, I never said it's going to replace USD. But you're in an alternate reality if you don't think people are doing anything with it. What do you think people are doing with BTC? Just buying it and putting it into cold storage forever? And again, your second question is just baiting for an argument I never made. Of course I mean relative to fiat currency, what else would I have meant?
- pmiller2 7y ago
  Ok, what legitimate, legal use does BTC have where it has an actual advantage over USD, then? If there is none, then that’s what I mean by “BTC is useless.” My second question was getting at precisely the same point: that fiat currency is strictly superior to BTC. If you can’t provide a single legitimate use for it other than as a magical money machine, I would take that as evidence that it’s useless.
  - ziddoap 7y ago
    It's odd that if something doesn't have an advantage over something else that it's immediately useless. I also don't know where you think I said that BTC is superior? Something doesn't need to be superior to have a use. Why do you keep moving the goalposts? First, it's completely useless. Now it might have a use, but if it's not superior it might as well be useless. Oh, and now it has to be legal (in the USA? Mexico? Russia?). To indulge you, here's a transfer of 194k BTC for $0.00[1]. How much would your bank charge you for an international wire transfer of a few hundred million dollars or more? [1]https://www.blockchain.com/btc/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204 https://www.blockchain.com/btc/tx/1c12443203a48f42cdf7b1acee...
    - pmiller2 7y ago
      No, the goal posts are right where you last saw them; your field goal was just blocked. I am saying that USD is strictly superior to BTC for all legitimate/legal use cases. If you want to hide assets or buy cocaine, BTC might be better, sure. But, otherwise it’s like comparing a 1980s computer to one from today. What use does a 35 year old PC have today other than as a museum piece? You are, in fact, the one who’s being disingenuous here. That 194K BTC transfer is not free if you want to do anything with it. Coinbase would charge you 0.5% on both ends to convert it into fiat currency. You can directly transfer money for 1% already. No advantage. As for “legal,” you know damn well what it means: can I be prosecuted successfully for what I’m about to do? If not, it’s legal.
      - ziddoap 7y ago
        I never said BTC was superior, in any way, in any form. I never said BTC was a replacement for USD. I never said BTC was going to replace any fiat currency. I never said that BTC is suprior than USD for legal purposes. Literally, the only thing I said was that BTC has a use, some people obviously think it has value, and semantically it falls under the definition of invest. How you managed to drag me into an argument about the legality of BTC and how it's superior to USD - all things I never said or claimed - is actually really astonishing. >No, the goal posts are right where you last saw them; your field goal was just blocked. That was one of the funniest things I've read all day (sincerely), so thanks for that. I would just comment that you started with: >You said people were arguing BTC had no use. I’m asking what I can use it for? And ended with >I am saying that USD is strictly superior to BTC for all legitimate/legal use cases. If you want to hide assets or buy cocaine, BTC might be better, sure. But, otherwise it’s like comparing a 1980s computer to one from today. If that's you "blocking", cool. We have different opinions on what the phrase "moving the goal posts" is, I guess. >As for “legal,” you know damn well what it means: can I be prosecuted successfully for what I’m about to do? If not, it’s legal. Laws are different in different countries. What you can be successfully prosecuted in one country for is completely legal in others.