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#3641 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3642 |
Philosopher
Join Date: Oct 2013
Posts: 8,047
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There seems no reason to expect Bitcoin to decline below cost of production.
Gold requires environmental destruction as does Bitcoin. It will be a little time before the paradigm of infinite supply of cryptos is understood against the finite supply of elements populating the periodic table. We must be patient, a nudge by vested interests may see bitcoin surge 20 or 30% from here, but this will be met by a wall of escapees. That will be the last hoorah. |
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#3643 |
Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Waiting for the pod bay door to open.
Posts: 39,593
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IIRC the work required to mine bitcoins grows over time.
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Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. For if a man pretend to me that God hath spoken to him supernaturally, and immediately, and I make doubt of it, I cannot easily perceive what argument he can produce to oblige me to believe it. Hobbes |
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#3644 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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Don't insult me. I didn't lie: not highlighting that word doesn't "negate" anything. You already highlighted it yourself. My point, AS YOU WELL KNOW, was to point out that you said history was repeating itself IN ORDER TO support the idea that it will continue to do so. Pretending otherwise IS a lie, by you. Stop projecting.
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#3645 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3646 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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No, they don't. Absolutely not. And I don't believe for a second that you think they do.
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#3647 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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Typical. Unable to deny that the words exist you attempt to reinterpret them to be either meaningless or making a prediction about the future.
Exactly. I highlighted the words "so far" so that you wouldn't be able to claim that I was making a prediction. That is why you are tying yourself in knots right now. You had to remove the highlighting and place it elsewhere. But as you mention, the words are still there. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3648 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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Again, you know exactly what you were arguing for. There's no reason to bring up that this sort of slump happened before, and then to say that so far history is repeating itself, except to indicate that you predict that it will continue to do so.
Who do you think you're fooling? The only person tying themselves into knots here is you, pretending to be a neutral observer on this topic. |
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#3649 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3650 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3651 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3652 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3653 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3654 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3655 |
High Priest of Ed
Join Date: Sep 2003
Posts: 19,372
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__________________
Hamilton 68: Tracking Russian internet propaganda |
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#3656 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3657 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3658 |
Rotten to the Core
Join Date: Mar 2008
Posts: 18,863
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Bitcoin is a lie
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All You Need Is Love. |
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#3659 |
Masterblazer
Join Date: Aug 2005
Location: Montreal, Quebec
Posts: 6,834
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Almo! My Music Blog "No society ever collapsed because the poor had too much." — LeftySergeant "It may be that there is no body really at rest, to which the places and motions of others may be referred." –Issac Newton in the Principia |
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#3660 |
Graduate Poster
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 1,733
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#3661 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3662 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3663 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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That proves that it isn't you.
You changed the highlighting from "so far" to "history is just repeating itself" - exactly as I said - yet you label me a "liar" for pointing that out. You didn't change the highlighting because you wanted readers to give equal emphasis to both sets of words. You wanted readers to only see the latter and assume that it was a prediction for the future. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3664 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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BS. I said that the so far IS STILL THERE. I'm pointing out AGAIN AND AGAIN that the point is that you're MAKING THE CASE that history repeating itself SO FAR means that it will continue to do so IN THE FUTURE. I've told you this repeatedly and that you pretend to not get it IS DISHONEST. And now you try to pretend that my point is something else altogether because your BLATANTLY BIASED defense of Bitcoin is weak and ineffective.
Do you get it now or do I need to write that for you in crayons? |
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#3665 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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I had to remove the disruptive formatting in order to get the gist of your post.
You appear to be simply repeating the tactic you tried from post #3644. Having failed to draw attention away from the words "so far", you attempted to argue that the words have no effect in the argument. That attempt at a magical disappearing act isn't working for you either. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3666 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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And you still didn't get it. I guess you do need the crayons.
Quote:
Unless, of course, you want to now say that your own highlights were put there to draw attention away from the rest of your post? That would be ridiculous, right? So why are you dishonestly trying to use that very same logic for my own highlighting? |
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#3667 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3668 |
High Priest of Ed
Join Date: Sep 2003
Posts: 19,372
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If you meant the words "so far" to preclude making a prediction, it didn't come across that way. The way I read this, you're saying it's lost 80% of it's value so far, it previously lost 90% of its value, therefore this "cycle" could take longer because it hasn't lost 90% yet like it did before.
By the way, your use of the word "cycle" is what makes it look like a prediction. What are cycles except patterns that repeat themselves? So the way I read your statement the "cycle" is for Bitcoin to lose 90% of it's value before it shoots up again. If you say that's not what you intended, I'll take your word for it. But interpreting your words as a prediction (this cycle will take longer because it hasn't yet lost 90% of its value, once it does it will shoot back up again) is a perfectly reasonable interpretation. If you want to say something different, then say it. |
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Hamilton 68: Tracking Russian internet propaganda |
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#3669 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3670 |
Philosopher
Join Date: Jul 2007
Posts: 9,526
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There is no reason for you to write any of that post if you didn't intend for people to infer that history is likely to repeat itself. Hedging by adding a few weasel words doesn't change this it simply suggests you have a level of doubt in your own prediction.
"So far" is a phrase used to provide a status update on a prediction. Why would you be giving us a status update on a prediction you were not making? |
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"Anything's possible, but only a few things actually happen" |
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#3671 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3672 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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Yes, it seems you are determined to "misunderstand" what I've explained to you again and again. Even in crayons it doesn't get into your thick skull. I guess you're more interested in scoring imaginary internet points.
Oops! In drawing attention to the word "cycle", you've drawn it away from the words "so far". You bad, bad boy! You just can't admit to having made a mistake, can you? It's again revealing of your slavering defense of Bitcoin. |
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#3673 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3674 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3675 |
Graduate Poster
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 1,733
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Kids, lol ..
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#3676 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3677 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3678 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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#3679 |
Skeptical about skeptics
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 13,859
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More like your over active imagination defeated you.
Don't forget that you started this by taking all of the highlights from my post and putting them where you wanted instead. You have been so busy being offended that I pointed this out that you have made a fool out of yourself ever since. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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#3680 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,245
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Do you really still think you won? Look around you. NO ONE is buying your argument. Everybody saw through it. Give. It. Up. Move on. Buy some Bitcoin.
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