Bitcoin and everything associated with it. The home of cryptomaniacs and their adversaries. - page 133
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Remember, they used to pay with bills of exchange (promissory notes).
In the past, anyone could write their own bill of exchange and make it legal tender,
who remembers coupons? )
Basically a bill is just an entry in a database, someone else's and no one else's at the same time.
It's the same as a bill of exchange that someone owes someone something:
when I buy a bit, I lend the fiat to someone, and then I can take it back from someone, at market price.
When you issue a loan, it is a known risk, but you cannot lose 100% of the issued loan, you only receive interest.
For instance, I bought it for 400 and pay interest if I do not close at 408.)
Well bullshit. Don't confuse the payment system with money.
bullshit is a bitcoin at 555 )
I was only describing my attitude towards the bitcoin.
So what? You owe me a case of beer for three years and what the fuck? You ain't gonna get shit out of it. Bit's safer than that.
When I buy a bit, I lend the fiat to someone, and then I can take it back from someone at the market price.
bullshit is a bitcoin at 555 )
I only described my attitude towards the bitcoin.
Oh, here I come, he's giving me a fiat. You're a hard man to beat, not to mention beer.
The ranks of bitcoiners have taken a crack, though. )
I'll wait for the next collapse.
Yeah, come on, wait till a fiat falls on you
or a tractor, at the very least )))
The ranks of bitcoiners gave a crack, however . )
and it does not prevent bots from fiat chopping )
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BTCUSD, M1, 2013.11.18
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