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JordanTSack's profile
Jordan Sack
Jordan Sack
Jordan Sack
@JordanTSack

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Jordan Sack

@JordanTSack

Fmr Threat Analyst, Social Network Analysis, Trader, Technology, Philosophy, Bitcoin, Economics

Theatre of Envy
medium.com/jordan-t-sack
Joined May 2018

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    1. Mr Hash‏ @hashamadeus Sep 24
      Replying to @SoakerPatoshi @jongulson

      I'm contending that Bitcoin is not necessarily fiat. I think none of the definitions fit Bitcoin well. If Bitcoin network stops functioning, where happens to the 'decree'?

      2 replies 0 retweets 0 likes
    2. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @hashamadeus @jongulson

      You are trying to twist the definition of fiat to fit your own understanding of it and that is not the useful function of words and definitions. Your question does not change this.

      1 reply 0 retweets 0 likes
    3. Mr Hash‏ @hashamadeus Sep 24
      Replying to @SoakerPatoshi @jongulson

      Well I'm just trying to work out from a poor definition that you also cite, what it means. You say "not commodity", I say nothing has "intrinsic value".

      1 reply 0 retweets 0 likes
    4. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @hashamadeus @jongulson

      I didn't cite definitions I believe in this thread, I am responding to yours and other's references. Your use of "intrinsic value" here is not the definition that is used in what you have cited. I have given you the definition as they have intended it.

      2 replies 0 retweets 0 likes
    5. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @SoakerPatoshi @hashamadeus @jongulson

      If you ascribe your own definitions to words and phrases you can make them mean and say anything you wanted. The relevant and meaningful definitions are the intended ones and the (proper) socially held ones.

      1 reply 0 retweets 0 likes
    6. Mr Hash‏ @hashamadeus Sep 24
      Replying to @SoakerPatoshi @jongulson

      Look, value is a social construct, intrinsic value is an oxymoron. If there is a better definition that suits your argument fine, but the words are clearly defined.

      1 reply 0 retweets 0 likes
    7. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @hashamadeus @jongulson

      I told you, what you referenced is using "intrinsic value" to mean "has a market price not for its money use". "Intrinsic [social contract]" is not the intended definition. You have inserted your OWN meaning for the words not intended by the authors of what you cited.

      1 reply 0 retweets 0 likes
    8. Mr Hash‏ @hashamadeus Sep 24
      Replying to @SoakerPatoshi @jongulson

      The intrinsic value of a commodity is defined by its properties. A commodity is defined by its intrinsic value. Therefore Bitcoin can qualify as a commodity.pic.twitter.com/n7w0uyc1Jo

      1 reply 1 retweet 0 likes
    9. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @hashamadeus @jongulson

      U aren't using these words and definitions properly therefore reasonable people will call this non sequitur logic. I'm sorry, I'm not interested in this.

      1 reply 0 retweets 0 likes
    10. Mr Hash‏ @hashamadeus Sep 24
      Replying to @SoakerPatoshi @jongulson

      Ok, what's the best term to differentiate between national fiat money and Bitcoin?

      3 replies 0 retweets 0 likes
      Jordan Sack‏ @JordanTSack Sep 24
      Replying to @hashamadeus @SoakerPatoshi @jongulson

      Energy-backed

      7:43 PM - 24 Sep 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @JordanTSack @hashamadeus @jongulson

          It is not energy backed that is a meaningless phrase that doesn't pertain to economics. It has been perpetuated by people drowning out reason.

          1 reply 0 retweets 0 likes
        3. Jordan Sack‏ @JordanTSack Sep 24
          Replying to @SoakerPatoshi @hashamadeus @jongulson

          It is not a meaningless phrase. You need to think further ahead. When everyone is using coins that need to be mined, the value of the coin equals the energy it takes to mine the next coin. Each coin represents energy. Fiat does not represent energy. Energy is always in demand.

          2 replies 0 retweets 1 like
        4. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @JordanTSack @hashamadeus @jongulson

          U aren't speaking economics. U are using ur own definitions. I don't think u realize this.

          0 replies 0 retweets 0 likes
        5. End of conversation

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