Inversion fallacy. No argument presented.
Putin brings back gold standard. Was that his plan all along? America is doomed!!
- Thread starter Text Drivers are Killers
- Start date
Inversion fallacy. No argument presented.
What's the diff?
Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
That is why every one laughs at you. You admit bitcoin is backed by nothing and has no intrinsic value and yet you say it is not fiat!!!! HAHAHAHA
Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
Yes - and "mining" is just a word and it's silly. Suppose i create a currency i call "spitcoin" . To produce one you have to dig a 10 x 10 x 10 foot hole in the morning and fill it in in the afternoon. And you must show video proof you did it. We'll call that mining. Does that give spitcoin any value.?
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Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
Bitcoin can be and is created on a whim. I'm sick of hearing about "mining bitcoin"!!!! THINK, you moron tranny.
danielpalos
Verified User
Are right-wingers still trying to establish confidence in their sincerity with their faith in virtual fiat money but not physical fiat money?
Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
Gold is not any kind of fiat money. GOLD IS MONEY.
danielpalos
Verified User
Commodity money.
this retard is getting dragged all over this thread and has no idea
Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
I think you're gonna apologize for that. In fact, i'm sure of it. Stupid tranny.
liar. proof of you lying was presented
one creates an increase in new supply, the other is using previously introduced supply
all the gold and all the bitcoin were created at once - we know this is true - but none of that gold or bitcoin is available for use until it has been mined. At some point, we will have mined all the gold on Earth just as we mined all the bitcoin that was initially created. This is why they both are valuable men can't will more into existence via fiat.
Void argument fallacy. Attempted proof by void. No argument presented.
Fair enough. I will use that for your definition of 'mining'.
all the gold and all the bitcoin were created at once - we know this is true
No. Mine-able gold is being created. This happens through volcanic activity. Bitcoin can only have 21 million Coins. Once mined, they are done. Bitcoin can still have value as a currency, even though it is not possible to 'mine' a new Coin anymore.
No. They are valuable because they are used as a currency. If gold is not used as a currency, it's only value is in industry. If Bitcoin is not used as currency, it's value is zero.
If fiat is accepted as a currency, it has value.
false. you just proved how little you know here - and it is comical in how ignorant and idiotic your views are. and further discussion would be a waste of time.
The considerable energy required to make gold only occurs when stars explode in a supernova or when neutron stars collide. Under these extreme conditions, heavy elements form via the rapid neutron-capture process or r-process.
volcanoes. lol
wow. just wow.
I'm not talking about creating the element gold, dumbass. Pay attention.
yes - we are.
from the very beginning. like bitcoin - we can mine all the gold. that was the topic.
you play your little games - but you lost. and you know you lost. as losers do.
Contextomy fallacy. Omniscience fallacy.
Nope. Mine-able gold is the only gold that can be mined. New deposits are created all the time.
Inversion fallacy. Assumption of victory fallacy.