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Shoutbox Archive
Today 02:40 AM AB Avery
Yep...
Yesterday 09:49 PM Luca-chan
huh? o3o the latest gallery comments thing is still broken? :P
Yesterday 12:24 AM sirbabyjames
Maka
June 16th, 18 11:37 AM The_Silence
New track for you this morning! https://soundcloud.com/user-985973225/space-pilots-finesse Thank you for listening!!
June 15th, 18 04:54 PM terminator101
Dialga, currency is a medium of exchange (See)-> https://www.merriam-webster.com/dictionary/currency. A commodity is an economic good such as a product of agriculture (See)-> https://www.merriam-webster.com/dictionary/commodity. Commodities like food, bicycles, sandals, or diapers can be exchanged (Bought and sold) for currency (A medium of exchange) but the two are not the same. You can deposit currency into a financial bank but you can't deposit food, bicycles, sandals, or diapers into a financial bank. That's Economics 101 (Of course, you can deposit food into a food bank but that's something else). That's all I have to say until next week. If anyone else wants to chime in, please be my guest. Have a nice weekend everyone~!
June 15th, 18 04:08 PM Dialga
Currency is a commodity, just like food, bicycles, sandals, or diapers. Its value is calculated by how much other people are willing to exchange for it, and its price communicated through interest rates. Put simply, the medium of exchange. There's nothing unique to government that makes it uniquely able to do any of these things. At least crypto-currency has scarcity, as the algorithm that produces bitcoin cannot be replicated and the number of possible bitcoins in the world is static, creating scarcity. Something fiat currency such as the dollar do not have.
June 15th, 18 03:21 PM terminator101
Dialga, if no government will back up a currency then the particular currency isn't worth squat! In ancient times different countries used things like coffee beans to sea shells as currency. They were accepted in trade for goods and/or services because the govenment of those lands declared it as official currency (The gov't backed it up)! As soon as coins and paper money were invented those things were no longer backed up by the gov'ts as acceptable currency (Coins and paper money were invented because for a while, people were "growing" their own money).
June 15th, 18 02:18 PM Dialga
The value of bitcoin, or anything else for that matter, is determined by what people are willing to exchange it for, not SEC busybody bureaucrats.
June 15th, 18 01:59 PM terminator101
The SEC (US Securitites and Exchange Commission) has basically declared that Bitcoin cryptocurrency is worthless! -> https://coincenter.org/link/sec-chairman-clayton-bitcoin-is-not-a-security. All those peeps who had invested tons of real money into buying expensive hardware (So called "Bitcoin miners") are now going to take a big plunge (It's like a stock market crash for them)! On the plus side for the rest of us, perhaps some of the motherboards which can now be reused for new PC builds, will sell for cheap (e.g. ASUS B250 Mining Expert LGA1151 mobo -> https://www.newegg.com/Product/Product.aspx?Item=N82E16813119028&ignorebbr=1&nm_m c=KNC-GoogleAdwords-PC&cm_mmc=KNC-GoogleAdwords-PC-_-pla-_-Motherboards+-+Intel-_-N82E16813119028&gclid=EAIaIQobChMIqN269JjU2wIV1LbA Ch0LTw99EAQYAiABEgIwGvD_BwE&gclsrc=aw.ds retailing for $169.99 USD) since no one in their right mind would probably buy the parts now for building bitcoin mining machines. Imagine, if you had a billion of those Bitcoins, you still couldn't buy one diaper with them!
June 14th, 18 01:59 AM toxic34
On Saturday, my family and I start a weeklong trip upstate. I'll have my laptop ready, but of course expect potential interruptions due to family time.
  
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