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danlistensto's profile
Dan listens to rain falling on the rooftop
Dan listens to rain falling on the rooftop
Dan listens to rain falling on the rooftop
@danlistensto

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Dan listens to rain falling on the rooftop

@danlistensto

Moloch's janitor

Joined August 2014

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    Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31

    Dan listens to rain falling on the rooftop Retweeted Julian Oliver

    this is not what people mean when they say "it isn't real money". strawman argument is unconvincing. if you could pay for the taxi ride with cryptocurrency it would be about as real as fiat currency, but you can't, so it isn't.https://twitter.com/julian0liver/status/958080067233615872 …

    Dan listens to rain falling on the rooftop added,

    Julian Oliver @julian0liver
    "Yeah but cryptocurrencies aren't real money", he said, as the near-field sensor in his rectangle of plastic touched another in the back of a taxi, resulting in 21.66 being subtracted from the value -1721.91 stored in a cell in an SQL database on a server 12 network hops away
    Show this thread
    9:14 AM - 31 Jan 2018
    • 1 Like
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    1 reply 0 retweets 1 like
      1. New conversation
      2. Blaidd Drwg‏ @blaiddrwg Jan 31
        Replying to @danlistensto

        That’s not the main point…if the value of something can fluctuate by 50-60%within a few days it is not a currency,it is a volatile commodity

        1 reply 0 retweets 0 likes
      3. Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31
        Replying to @blaiddrwg

        yes, that's a very good reason why nobody wants to use it as currency, but there are definitely examples of fiat currencies having similar volatility (Venezuela right now comes to mind). I was responding to the stated reason in the example though.

        1 reply 0 retweets 0 likes
      4. Blaidd Drwg‏ @blaiddrwg Jan 31
        Replying to @danlistensto

        Exactly,Venezula-type hyperinflation is one of the marks of a failed currency.I’d have no issue with calling BitCoin a“terrible currency” :)

        1 reply 0 retweets 0 likes
      5. Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31
        Replying to @blaiddrwg

        well, it would be a terrible currency if you could even buy anything with it besides darknet drugs and malware ransoms.

        2 replies 0 retweets 0 likes
      6. Blaidd Drwg‏ @blaiddrwg Jan 31
        Replying to @danlistensto

        Currency:mainly value storage,bc of government guarantee of stability. Commodity: Item gaining value through trade,according t supply/demand

        1 reply 0 retweets 0 likes
      7. Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31
        Replying to @blaiddrwg

        No. Definitely not. Those aren't reasonable definitions of either of those words and they aren't reasonable descriptions of the characteristics of things we use those words for.

        1 reply 0 retweets 0 likes
      8. Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31
        Replying to @danlistensto @blaiddrwg

        Currency refers to the trait of an object of "being generally accepted", where money currency is generally accepted for commercial exchanges, but currency can apply more broadly, like "this idea has cultural currency".

        1 reply 0 retweets 0 likes
      9. Dan listens to rain falling on the rooftop‏ @danlistensto Jan 31
        Replying to @danlistensto @blaiddrwg

        Commodity refers to the trait of an object as being generally fungible, a member of a class without distinguishing characteristics.

        2 replies 0 retweets 0 likes
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