ye

I actually do feel that gold is too inflationary to store value. Many people simply don't realize at what scale it's being mined and how much of gold there's in the universe (hint: more than enough to build gold toilets for every human on the planet and not even scratch the surface).

Your explanation doesn't make sense. If you actually do look at what happened with the inflationary dollar since the "late 19th century", it lost 96-97% of its purchasing power due to the monetary inflation.

Which means that if your grandma stored her wealth in dollars and wanted to pass it onto you, you can only enjoy 3-4% of what's left.

http://4.bp.blogspot.com/-YTyPGaEsBcw/T0Kd1nS9zJI/AAAAAAAABQ...

Oh, but you conveniently omitted what happens after. 10, 20, 50 years.

The truly important difference is that Bitcoin has an absolute upper limit, but Doge doesn't anymore. It matters. Scarcity is an important factor for holding value.

Bitcoin will eventually become deflationary, and sooner than you think due to loss of bitcoins.

Argentinian Peso:

http://www.xe.com/currencycharts/?from=ARS&to=USD&view=1Y

Am I the only one shocked by the lack of comments in the code? It's literally a wall of code.

> Yet it's still difficult for people working low wage jobs to afford food,

Food is dirt cheap compared to housing, especially if you shop smart.

[deleted, i'm an idiot]

[deleted, i'm an idiot]

Because side projects never ever ever become successful?

In Illustrator you don't have to do step 1 or 3.

In, it doesn't.

Ah, sorry. It works in such a non-obvious way, I missed it.

This is not an alternative to Illustrator.

It's a very very basic vector editor that doesn't even let you rotate things, import any standard vector formats (SVG, EPS, AI, PDF), have dotted outlines, distort, curve the text, etc etc etc.

I understand it was a lot of work, and you did a great job, but let's not pretend this implements even 1% of Illustrator.

Doesn't mean one can't create a better testing machine than a human.

Bitcoin is almost always the least profitable coin to mine.

Doge currently is the 2nd most profitable to mine:

http://www.coinwarz.com/cryptocurrency/

Bitcoin, assuming I'd does as well as before, can help against the inflation, which hits the poor disproportionately hard.

And it allows to bypass the stupid laws and let's you do the online shopping almost anonymously.

Argentina is now the primary candidate for Bitcoin adoption.

High GDP.

Crazy inflation.

Corrupt stupid government.

Totalitarian-style financial laws.

Easy widespread internet and mobile access.

Not enough dollars.

You're still confusing the burden to pay taxes under the penalty of law in one particular country with value.

You have a fundamental misunderstanding of what "value" means.

> That company doesn't pay the US government in bitcoin.

But I don't care. I paid in Bitcoin.

> That's where the backing comes from

I doubt dollar "intrinsic value" comes from the fact that you have to pay taxes in it. It can spiral into a 10000%/year inflation and lose most of its value, and you will still be able to pay taxes with it.

In fact, you've been required to pay US taxes in dollars for the last 100 years. It didn't stop the dollar from losing 97% of its value.

Again, you're confusing value with some criminal law.

> I'm sure the people that hire them to transport goods value what's being transported.

What? You can't transport something that has no value? Like an empty box?

> Freedom from prosecution is pretty important to the people in the US that owe taxes to the US government

Ah, red herring. I was talking about "majority of the world", and you switched back to the Americans, as if that somehow proves that most of the world doesn't give a crap about US criminal codes, which, according to you, somehow back the value of the dollar.

> Ease of transportation is a feature of bitcoin

Which adds to its value, like features of... everything.

Trying to play with words will get you nowhere.

> But ease of transportation does not itself give anything value

We already went over this. Multibillion transportation industry.

First of all, I can pay taxes in Bitcoin. There's a company that handles it for me.

Second of all, your dollar's "intrinsic value" being an American criminal law makes zero sense. It's geography-specific. Suddenly if I'm not from US, that "intrinsic value" disappears. So much for that dumb definition.

> It doesn't matter how easy it is to transfer something to someone else if they don't want it. That thing must be seen as valuable for some other reason for anyone to care how easily it can be transferred

There are multibillion global transportation industries out there, and they don't care what they transport (as long as it's legal). People pay them because they provide ease of transportation at a reasonable price per pound.

I'd say ease of transportation is much more valuable to the majority of the world than some "freedom from prosecution" by some government that can't touch them.

How is that a value? Even if it is a value in some bizarre universe, it's not intrinsic, but an external one.

> the dollar has intrinsic value in that it is backed by freedom from being prosecuted by the US government for non-payment of taxes

Do you realize how little sense you're making?

It's like you wanted to insert meaningless buzzwords like "freedom", not to mention that there's no freedom from being prosecuted for non-payment of taxes.

Well, in that case Bitcoin's intrinsic value is that it's backed by the freedom of storage, transfer, global acceptance and low fees, immunity to being counterfeited, immunity from inflation caused by printing, etc.

Isn't that illegal? Discrimination based on gender, which the organizer openly admits to: "We want to give priority to women".

http://en.wikipedia.org/wiki/Civil_Rights_Act_of_1964

But transfer fees and payment fees won't go away with fiat.

Credit card fees eat into many businesses' profit margins, especially the ones with low margins.

And that's not the only Bitcoin's advantage.

Does dollar have an intrinsic value?

Actually, can you even define "intrinsic value" without going in circles or defining it simply as current value?

Which means if you place a buy ad at $819, you will have the best buy offer, and you will be the first one the sellers will go to.

Yeah, you described pretty much the worst case scenario where everything goes through fiat. But once Bitcoin penetration is significant and people start getting paid in Bitcoin (already happening) and accept it as payment (also already happening), all these exchange fees go away.

With fiat you're stuck with the fees forever.

Also your 0.5% assumption is wrong. You can place a buy ad on LocalBitcoins and actually buy at below the market rate. Also, coinsigner.com.

Doesn't matter, your "few dozen" was a complete lie.

Yeah, but miners get obsolete very quickly, since the difficulty is growing exponentially.

> They list a few dozen small online stores that sell real hard goods

Dead wrong.

There are 2,700 physical stores that accept Bitcoin listed here:

http://coinmap.org/

Plus there are 90,000+ online merchants that accept Bitcoin via Spotify.

Plus there are some major companies joining every day, including Overstock and Tesla.

> Dogecoin sees about double the number of daily unique transactions that bitcoin does.

Ah, sure, but 99%+ of them is people tipping each other for fun on Reddit and other sites, and transactions on exchanges. They are not goods purchased, simply because there are almost no places to spend Doge.

> On the numbers, I think more businesses accept dogecoin than bitcoin

Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge.

> And the volume of dogecoin transactions exceeded bitcoin transactions the other day

Ah, you mean that stupid metric when you count the number of coins transferred? Yeah, whenever Doge fans mention it, they always forget to mention that there are 21 million bitcoins max, and what, a trillion Doge? You can create a coin with an extilion coins, make one transfer of all of them between two wallets, and voilà, you beat Doge in that metric. That's how dumb it is.

Even at the peak of its popularity, Doge's volume in USD equivalent is 1/3 of Bitcoin. It's still impressive, no argument about it. Just don't make it sound like Doge overtook Bitcoin in any meaningful way.

> All cryptocurrency is 'joke status' to a certain extent with the vast majority of people

I disagree. Most people are not aware, that's true. But Bitcoin is serious business now.