This is a split board - You can return to the Split List for other boards.
You're browsing the GameFAQs Message Boards as a guest. Sign Up for free (or Log In if you already have an account) to be able to post messages, change how messages are displayed, and view media in posts.
i wanna walk out into the night
without it being running away
Wish there was a way to crash the entire system.
DarkZV2Beta posted...32x2z posted...arleas posted...DiviDude posted...32x2z posted...The dollar can be printed infinitely and maintain it's value
Bitcoin has always been going up, though, but the inflated GPU prices are only during a boom where mining bitcoin generates more revenue than the cost of electricity.
a quad core i7 was just a rebranded celeron -Pengu1n
Anything that has 3p fps or better is fine with me -mucloud
Izicial posted...32x2z posted...DiviDude posted...32x2z posted...You must not know how things played out for our good friends in iraq, libya, afganistan, and any other country who decides to stop trading in dollars. It ends with you those countries trading in dollars again. You don't understand how being the worlds reserve currency works. Just please be quiet, gamefaqs users do not understand economics save darkbeta.
A coke costs $1 now. 30 years ago it cost 5 cents. The dollar is worth MUCH less than it used to be.
OR to use your example gas is $2.50 now it used to cost 30 cents a gallon. The dollar is worth a lot less than it used to be.
Mining is a mugs' game. If you want to make money off cryptos, treat them as stocks.
How do you ejaculate from plane? I try to press the buttons but I do not find it. Sorry for my bad english - Bean0
32x2z posted...Izicial posted...32x2z posted...DiviDude posted...32x2z posted...You must not know how things played out for our good friends in iraq, libya, afganistan, and any other country who decides to stop trading in dollars. It ends with you those countries trading in dollars again. You don't understand how being the worlds reserve currency works. Just please be quiet, gamefaqs users do not understand economics save darkbeta.
That's not how pricing works. What your referencing is the gold and silver standards which are no longer in effect. Gas prices weren't even 30 cents a gallon in 1972 and that was 46 years ago and the first year off those standards. A coke cost my dad in 1958 a nickel, that was with a SILVER nickel buddy. Gas prices were 30 cents a gallon when GOLD was the backing currency to the dollar. Let's not omit that our currency went from being backed with material value, to nothing other then words and oil.
Let's just recap here. Oil can only be traded in dollars. An oil boom happened for YEARS in the USA. Your claiming the dollars value went down. This is contradictory to reality. The USA is one of the leading manufactures of oil now and it's currency is backed in oil, I'm still trying to figure out how the dollar "went down" since oil can only be traded in dollars and the dollar is the worlds #1 reserve currency.
AMD 8300 4.2ghz-8gb DDR3 1600-1050Ti 4GB-128gb SSD-2.5TB storage-40" 1080P 120hz.
My 980 TI isn’t really any good for it and it’s not really my thing.
YouTube Channel https://www.youtube.com/user/ArkonBlade/videos
PSN - ArkonBlade XBL - The Wolf Shadow STEAM - ArkonBlade
To over populate the currency so it is not worth doing anymore and all the prices would come down on pc components. Or would that not work?
Naw, not in any long term, anyway. The amount of mining isn't directly proportionate to the rate of issuance of most coins. Most coins have a block propagation time target, like on average Bitcoin is designed to find a block every 10 minutes regardless of how many miners.
Every time a block is found on Bitcoin the reward of (currently) 12.5 Bitcoins is issued to the miner who found it, in most cases this will be a pool of miners and gets distributed based on work done, so more miners coming into the game will typically just mean less rewards to go around, which may also mean your competitors may buy additional miners to get their desired slice of the pie back.
A sudden major influx of new miners will have a short term effect and bring the block average down temporarily, if the amount of mining increased 10% over night then block times would be like 10% quicker. Bitcoin, however, is made to adjust in difficulty every 2016(?) blocks to bring it back to the targeted 10 minute average.
Most coins have something like this in place to protect value and give a certainty to the inflation rate as buyers wouldn't like knowing their coin could suddenly have a huge rise in inflation, especially if it's a coin without a hard cap on the total supply.
Mind the grue.
Replying to 32X here because I don't know how to edit out the old quotes and it won't let me post a direct reply because it would be too long or some crap.
There weren't SILVER nickels in the 50s you silly boy. The only time they made those was during WW II. You obviously have no idea what you are talking about. I'm just going to submit to the trolling and not post anymore. It's just depressing at this point.
I CAN'T be referencing the gold and silver standards since those were LONG gone in the 70s as Nixxon is the one who created the fiat currency. The dollars value has decreased. You can attribute that to whatever you want but that doesn't make it any less true. Also what the f*** could 'oil can only be traded in dollars' even mean?? Betcha when France wants oil they go US change these euros into dollars because we can't buy stuff without USD xD
Add user to Ignore List after reporting