Bitcoin Forum

Sad that you guys still have so much confidence when somehow there are over 21million coins ALREADY being traded... but we only mined 13mil right???

http://www.coindesk.com/many-bitcoins-making-sense-exaggerated-inventory-claims/ (http://www.coindesk.com/many-bitcoins-making-sense-exaggerated-inventory-claims/)

After reading the article, I don't get the point you're trying to make with this thread.

It's almost time to get the mods to disappear you fewcoins. I don't know whether you are just stupid or underwater with some shorts. I don't care. Just ssssh and let adults converse in peace.

Next time do not write on my thread... go to one of the perma bull $999,999 per coin by 2015 threads.
Bye to you & your investment!

man i really read: fake titcoins at first  :D

They are just talking about Risto's whacked method of determining who holds what. It is only a guess since they can't actually prove how many coins anyone has except a publicly known address and the addresses linked to that address. My public address has .65BTC in it. There are a few dozen transactions linked to the wallet containing said address but no one can tell you how many coins I have in my cold wallet. It's all guess work and the overage is the error in that guess.

Honestly, I don't see how that article is even newsworthy enough to waste the time to write a page of HTML to contain such garbage nor the drive space to host it.

No one is creating fake coins. They're just exaggerating to look "cool".

Guys, it's almost time to get the mods to disappear you fewcoins. I have no idea what that means but I don't care, just ssssh and let adults converse in peace.

Lets say I have 10,000 btc on deposit at bitstamp. You ask me, how many bitcoins do you have, I'll say 10,000BTC. Then you ask bitstamp how many they have and they'll say they have 10,000BTC too. You count 20,000BTC total, yet there are really only 10,000BTC. Trying to estimate the total number of coins like that doesn't work, just track them using the blockchain.

That makes two of us.

fewcoins, will you be here next year when bitcoin is up again or will you fake a convenient dissapareance to not face the shame?

People always lie about money. The entire accounting profession is essentially a response to our fundamental mendacity. In the case of the Bitcoin it is entirely possible to expose all the addresses held by an exchange for public audit. It's our duty as exchange users to constantly press for maximum transparency. We've had enough corrupt financial institutions.

I thought that a few days ago it was pointed out that some of the exchanges were using the bitcoins deposited to their site,

for other purposes which made it look like the number of bitcoins in existence was more.

Don't worry guys I will be around FOREVER! I know for a fact you guys will still be in denial when we test $300...
You guys have been in denial since the drop from $1,100!!! NOTHING NEW!!!
I am not surprised! I'm not going ANYWHERE since bitcoin has little bullshit pumps but continues to go down lower and lower and lower and lower and.......

I couldn't resist this thread because FOOD FIGHT!

Wow fewcoins has gone full retard on us now. There are no fake bitcoins, just double counting of ownership and people lying about how many they actually have.

What ever happened to the higher-than-average IQ forum members? I feel we are simply surrounded by low IQ's and it's only going to get worse as bitcoin goes more mainstream.

Its always going to happen, specially in the initial years.

posted in the Speculation forum for...what reason?

Someone is shorting.

As the 1W MACD is about to go green that is mighty stupid. He probably is underwater lol.

if you dont want someone writing in one of your 6 threads with the same message, self moderate you stupid little bitch.

Seems to me like OP failed to understand the article. Why pay attention to him at all?

Internet was also once a place of mainly academic discussions and, later, unix kernel developers and sys admins chitchat. With mass adoption comes mass stupidity, no going around that.

I believe this started happening to bitcointalk even before mainstream adoption was discussed as a possibility. To me it was mostly bitcoin and altcoins becoming a money making tool to the eyes of people.

Mainstream adoption was always a big topic here. This started happening once it wasn't possible to count all the different altcoins in existence. When signature campaigns started becoming a big thing, it drove it into overdrive as each dumb poster posted with lots of different accounts. Whats funny is that we can blame both of these problems on one person who started both of these trends.

I really do think if we ban the altcoin section and somehow force the altcoiners away and ban signature campaigns that we'd fix the problem.

THIS IS CONFIRMED:

If you send a coin to yourself and back to that sending address, repeating the process a thousand times, blockchain will show TOTAL received 1000 BTC.

Do it and you can be rich! Even my grandma it's doing it and her life is so much happier now.

Correct, everyone will use their miners as money printing machines and won't stop until bitcoin transactions are super slow from everyone dropping out completely

fewcoins just went full retard mode..  ::)

https://i.imgur.com/zH8DaPr.jpg

Dude, are your really that naive? Offcourse the financial industry woulod want to spread those lies, so they can get back to manipulating, if they can convince the masses that it can be done with bitcoin...

Over 21 million coins traded doesn't really mean anything, I can just buy and sell and buy and sell doing day trade all night long..

I wonder if its his final form. The title of this thread is pretty special.

It's come to the point where its making me feel more and more confident that his underlying analysis is totally wrong. The OP shows a fundamental lack of understanding of how bitcoin works. To fewcoins credit I don't think anyone can really be that genuinely clueless, so it can only be ulterior motive.

In either case it reveals to everyone that his mantra of bitcoin going to zero cannot be taken seriously. If it's genuinely what he believes then I don't think its very credible as his opinion has been formed in a mind no more advanced than a small child. Thats the nicest way I can put it.

So which is it fewcoins, do you really not understand why your first post is so far off the mark? or, as seems to be obvious to everyone - are you just trying to keep the price depressed by spamming up the spec board with negative spin?

I can't depress the price are you guys kidding me... I have been trying to warn you guys all week about this 8% drop today. Don't let little bounces like tomorrow's fool you! I'm still very bearish  8)

Also the newbie section lock was a great thing. You at least had to prove you can compose a coherent post before they let you out into the wild. And it made creating clone accounts after you are banned a tedious process, that would help against this fallling-fewcoin-dumbalt idiocy spreading.

Or maybe nothing will help this forum anymore; like a great Rome once, it is being overrun by barbarians ;)

^ People like you will be the last one's holding the bag & talking about what a great experience it was with the e-gold guys... Reminiscing on the old days when good cold hard earned cash was traded for meaningless computer numbers!  :'(

ROFL, you know you should spend more then 8 seconds researching something before you post about it.

The list that that article points to, found here https://bitcointalk.org/index.php?topic=321265.0, is woefully incorrect. I know some of the people on that list, and I know they don't own that many bitcoins.

There will be a new thread in a couple of years:
"interest in Bitcoin down, under $5000 again this weekend?"

"Bitcoin transaction volume down to levels not seen since 2016, price falling to $4000???"

Etc.

Anyone remember the drop from $7 to $4 back in late 2011/early 2012?

Back then there were tons of people preaching things like:
"bitcoin is going to $0, short everything on Bitcoinica" - yeah great advice that was!

The truth is that crypto is so way ahaed of it's time, that no-one can predict it's outcome. I do believe the shitstorm that governments are going to start against crypto haven't even been started, we will see banning and prosecuting of people using crypto

Let the memories you cherish
      comfort you in your time of grief

       https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTdjgw25Li5_W17H12_aBcabEf8ChA11KzFfhj9Q0CBLjDx79oyZw

But seriously tho, time to let it go & move on.

Sadly, it's time to add fewcoins to the ignore list. I kinda liked reading his funny theories, but since it's always the same the sparkle is wearing off.

Man I hope I hold my bitcoins until then.
I discovered bitcoins when the price was ~$600.
Had I discovered it when the price was over $1000, I would have been a lot more cynical about bitcoins.