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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

      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
    2. 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
    3. 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
    4. Jordan Sack‏ @JordanTSack Sep 24
      Replying to @hashamadeus @SoakerPatoshi @jongulson

      Energy-backed

      1 reply 0 retweets 0 likes
    5. 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
    6. 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
    7. Mark Wilcox‏ @mwilcox Sep 24
      Replying to @JordanTSack @SoakerPatoshi and

      "Backed" is a very specific financial term. Energy isn't deposited into a vault and a Bitcoin isn't an IOU -- you can't uncreate a Bitcoin and get the energy back

      1 reply 0 retweets 4 likes
    8. Mark Wilcox‏ @mwilcox Sep 24
      Replying to @mwilcox @JordanTSack and

      Bitcoin is more similar to fiat than gold-backed currency in this regard.

      2 replies 0 retweets 2 likes
    9. Jordan Sack‏ @JordanTSack Sep 24
      Replying to @mwilcox @SoakerPatoshi and

      When people are heating their homes from the energy from their mining units, can we then say it is energy-backed?

      2 replies 0 retweets 0 likes
    10. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
      Replying to @JordanTSack @mwilcox and

      U can say it all u want but it has no meaning other than what u ascribe it to mean.

      1 reply 0 retweets 0 likes
      Jordan Sack‏ @JordanTSack Sep 24
      Replying to @SoakerPatoshi @mwilcox and

      Ok, i tried to answer your question. It’s direct tie to energy (however you want to describe it) was my take. FWIW I have an economics degree and have worked in finance and trading for years..

      8:40 PM - 24 Sep 2018
      2 replies 0 retweets 0 likes
        1. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @JordanTSack @mwilcox and

          U have have an economics degree and u don't know the definition of fiat?

          0 replies 0 retweets 0 likes
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        2. Mark Wilcox‏ @mwilcox Sep 24
          Replying to @JordanTSack @SoakerPatoshi and

          It doesn't have a direct tie to energy. It has precisely the opposite. an INDIRECT tie to energy via computational difficulty which is algorithmically controlled. There is nothing worldly about bitcoin

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

          Mark, how is a direct tie to computational algorithms (of any difficulty) not also a direct tie to energy? There is no way to compute without energy. It might be one step removed (indirect in this way), but it is still connected.

          1 reply 0 retweets 1 like
        4. Storms‏ @austorms Sep 24
          Replying to @JordanTSack @mwilcox and

          Dude, what? One-step removed is indirect.

          1 reply 0 retweets 1 like
        5. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @austorms @JordanTSack and

          U have an economics degree and u are saying "backed" which implies that u can exchange bitcoin for energy that its backed by.ABSURD!

          1 reply 0 retweets 0 likes
        6. Jordan Sack‏ @JordanTSack Sep 24
          Replying to @SoakerPatoshi @austorms and

          A little bit of respect and edict goes a long way, Jal. I contributed an answer to your public question. You then decided to ridicule, misrepresent, and then repost a strawman of me. I don’t engage with people of this quality. I’m always interested in learning and discussions.

          1 reply 0 retweets 0 likes
        7. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @JordanTSack @austorms and

          If ur done calling down my character... U have brought ur economic rank into the dialogue...how can u assert that I can exchange bitcoin into what it is backed by...energy?

          1 reply 0 retweets 0 likes
        8. Jordan Sack‏ @JordanTSack Sep 24
          Replying to @SoakerPatoshi @austorms and

          All I’ve tried to say is that btc is different from fiat in its “indirect” or “closer” connection to energy. I misused the word “backed”. You got me... This type of arrogance is what turns people off from the entire industry.

          3 replies 0 retweets 0 likes
        9. Jal (aka Juice)‏ @SoakerPatoshi Sep 24
          Replying to @JordanTSack @austorms and

          My first respond to u was u aren't using correct definitions. U retort u have an economics degree. How can I address anything u say if u are using ur own definitions while implying\asserting they are standard?

          0 replies 0 retweets 0 likes
        10. End of conversation

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