Message from @Beemann

Discord ID: 436997437186375701


2018-04-20 21:00:54 UTC  

Understandable, but you have to consider the source of the valuation you're comparing them to.

2018-04-20 21:01:16 UTC  

If you're valuing crypto against fiat, the valuation is always going to be shoddy or manipulated.

2018-04-20 21:01:39 UTC  

And that's on top of speculation by people with throw-away money.

2018-04-20 21:02:22 UTC  

well my point of comparison is the valuation of actual goods, which can be speculatively shifted but that speculation is based off of actual things that have really happened, or will potentially really happen

2018-04-20 21:02:39 UTC  

whereas Crypto just seems to be layers of people speculating on other people's speculations and pretty much nothing else

2018-04-20 21:03:04 UTC  

it's fiat if fiat never evolved from a standard whereby production determined economic value

2018-04-20 21:03:52 UTC  

I don't think it's fair yet to compare crypto against goods, because there are no vendors who are directly valuing their goods in crypto, it's always Crypto->fiat->goods.

2018-04-20 21:04:21 UTC  

If/when forms of energy are valued in crypto, then the world will change.

2018-04-20 21:04:25 UTC  

you can value goods in anything, but there's no solid basis between the two necessarily

2018-04-20 21:04:50 UTC  

I mean, isnt that basically the only basis behind crypto valuation currently in a way? The processing power required to generate BTC and other currencies?

2018-04-20 21:05:01 UTC  

it's indirect, sure, but it's there

2018-04-20 21:05:36 UTC  

It takes energy to make crypto, but no one is buying basic energy resources (oil/gas/nuclear/etc..) with crypto. No one sells oil for crypto.

2018-04-20 21:05:51 UTC  

sure

2018-04-20 21:06:37 UTC  

I'm just saying it necessarily has an equivalent valuation already, it's just not officially recognized

2018-04-20 21:07:22 UTC  

Well, it has a conversion, but since the value of fiat relative to crypto can be changed irrespective of the valuation of fiat-to-goods, it's not a fair way to value crypto, imho.

2018-04-20 21:07:39 UTC  

fair enough

2018-04-20 21:10:12 UTC  

My advice to people curious about cryptocurrencies would be to read, read read read... When you feel like you've read enough and you see future value in these distributed ledger networks known as blockchains, then find yourself cash you're willing to throw away, and find a price entry point. No one knows where these values are going to go, NO ONE. All predictions fail, no economists can predict these things. Think of it as throwing throw-away cash at an uncertain but potentially much more free future.

2018-04-20 21:10:52 UTC  

blockchain seems like a neat idea even outside of crypto

2018-04-20 21:11:11 UTC  

It's not separable though. You have to have a reward for the people doing the auditing.

2018-04-20 21:11:43 UTC  

Whatever blockchain network someone sets up, there must be a reward for the "miners" the people doing the auditing of the network, and that must be a token/currency.

2018-04-20 21:11:48 UTC  

Oh I'm not saying entirely divorced from it, I just mean that people are attempting to use it as a medium for other systems

2018-04-20 21:12:11 UTC  

pure P2P messaging and such

2018-04-20 21:12:24 UTC  

@Jeremy-Retard I've thought about it but I'm not to sure about getting into it

2018-04-20 21:12:49 UTC  

Well, discord is p2p/torrent messaging is it not?

2018-04-20 21:13:05 UTC  

servers are not "servers" any more, they're distributed records, aren't they?

2018-04-20 21:13:17 UTC  

I've never got into crypto, but the service writer told me to my face that Bitcoin should be outlawed because the government can't control it

2018-04-20 21:13:28 UTC  

Like they do with the dollar

2018-04-20 21:14:02 UTC  

I informed him that the federal reserve is a private bank and he had it backwards

2018-04-20 21:14:30 UTC  

Service writer?

2018-04-20 21:14:31 UTC  

The government should have no power over the dollar especially with an organization such as the FED that has zero oversight

2018-04-20 21:14:54 UTC  

I was under the impression that Discord runs on remote cloud servers

2018-04-20 21:15:13 UTC  

with admins having access to logs but promising not to use them, pinkie swear, and all that

2018-04-20 21:16:04 UTC  

But anyone can start a server with a client command. This tells me that discord doesn't have centralized servers, that instead any peer invited to a "server" is merely another auditor on the network that maintains the chat record and distribution.

2018-04-20 21:16:05 UTC  

I work at a truck dealership

2018-04-20 21:16:15 UTC  

Ah, that makes more sense Edgar

2018-04-21 20:36:46 UTC  

Hey, can I pose a question to everyone??

2018-04-21 20:44:53 UTC  

Go for it

2018-04-21 20:45:12 UTC  

I'm in

2018-04-21 20:50:14 UTC  

I'd like to see what your thoughts are on arming teachers. I got into a hot debate over it last night and I want some further input

2018-04-21 21:00:09 UTC  

if they go through the training and consent to it yes