That's the big joke surrounding all the discussions of a government taking over mining to destroy Bitcoin. Why set up all that equipment and operate it when they could simply contact a few private owners, threaten them and buy huge stashes of Bitcoin off book. Then they follow the above procedure to keep the exchange rate dumped. Bitcoin has almost no real economy right now. Remove trading from the picture and Bitcoin will be valueless. Oh sure, there are a handful of people that would use it like trading cards. Hell, I'm sure their are a handful of people still using Commodore 64 consoles too but I don't think they're ever making a comeback.
That's what I'm talking about myself Without real economy behind Bitcoin, it will always remain in the power of whales like Satoshi himself and his caliber (well, may be somewhat smaller than him). The real Bitcoin economy would work as a safety cushion against Bitcoin whales if they choose to deliberately dump their coins or the government goes after them taking their coins and dumping them. If such an economy should emerge and expand, then even 1M bitcoins of Satoshi won't change anything. Prices will just readjust, very much like they do when fiat money supply expands Christ! Thank you! I've been saying that for years. Screw traders, they should all die in a fire. Everyone that really gives a shit about Bitcoin should be exchanging fiat for Bitcoin and paying every bill and buying every product they use with it. I guess the reality is no one really gives a shit about Bitcoin. Because all they ever talk about is holding. Holding, holding, holding until their knuckles turn white from gripping so hard. It's stupid. So why don't you spend your stash of Bitcoins? Perhaps, there is nothing to spend on so much? Or Bitcoin is simply not very suitable for using as a means of payment? I don't mean any technical aspects regarding confirmation times and such things. I mean purely economic basis, i.e. the deflationary nature of Bitcoin (its propensity to appreciate). People tend to use fiat for their expenses since fiat is constantly depreciating (Gresham's law), and producers tend to use fiat since Bitcoin is constantly appreciating (their profits margins are shrinking) I have been the first or one of the first customers to use almost every brick n mortar business in the greater Bay Area. I just rebuy what I spend. Bitcoin makes a fine payment system. The retailer takes all the risk not the user who just buys whatever and walks away. The business has to worry about confirmations. I know "bad money drives out good" but not if you rebuy what you have used right away. |
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The bitcoin and blockchain industry continues to grow, but as new people begin to take notice, they’re often greeted with the same tired talking points. As we head into 2017, some of those talking points should be left by the roadside entirely. 1. To the moon Δ spread the word2. Blockchains for EVERYTHING!!! Δ secure your own money3. No complaining Δ Helping4. Code is law Δ support the truth5. Everything’s a blockchain Δ Life is a database waiting to be compiledSource and explanations |
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Wouldn't it be easier to buy the blockchain copy on a DVD?
You mean a large box of dvd's. LOL |
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That's the big joke surrounding all the discussions of a government taking over mining to destroy Bitcoin. Why set up all that equipment and operate it when they could simply contact a few private owners, threaten them and buy huge stashes of Bitcoin off book. Then they follow the above procedure to keep the exchange rate dumped. Bitcoin has almost no real economy right now. Remove trading from the picture and Bitcoin will be valueless. Oh sure, there are a handful of people that would use it like trading cards. Hell, I'm sure their are a handful of people still using Commodore 64 consoles too but I don't think they're ever making a comeback.
That's what I'm talking about myself Without real economy behind Bitcoin, it will always remain in the power of whales like Satoshi himself and his caliber (well, may be somewhat smaller than him). The real Bitcoin economy would work as a safety cushion against Bitcoin whales if they choose to deliberately dump their coins or the government goes after them taking their coins and dumping them. If such an economy should emerge and expand, then even 1M bitcoins of Satoshi won't change anything. Prices will just readjust, very much like they do when fiat money supply expands Christ! Thank you! I've been saying that for years. Screw traders, they should all die in a fire. Everyone that really gives a shit about Bitcoin should be exchanging fiat for Bitcoin and paying every bill and buying every product they use with it. I guess the reality is no one really gives a shit about Bitcoin. Because all they ever talk about is holding. Holding, holding, holding until their knuckles turn white from gripping so hard. It's stupid. |
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The one that controls the pieces controls the game. Isn't that really true with all things though? That's not specific to Bitcoin.
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Somehow Bitcoin just seems less user friendly after reading this thread. LOL
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Do you believe in god? If you do, why do you believe? (give a few reasons)
Yes and it always be i believed in god not only church to believed but once you experiened how really awesome god is you can say to your self that your not alone someone is watching you and blessing you too much we need faith on him thats what we need. How do you experience that? I've never seen even one indication that points to some sort of god. Because I don't understand what makes pretty birdies fly, the sun shine and the sky blue it must be god doing it. I also don't understand what makes bad people steal, murder and rape little children that means the devil is doing it. I love simple answers to everything because using my brain too long causes discomfort. |
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This thread should not be created, the answer is very easy and the question is very simple. One click in google then problem solve. Maybe next time a thread that will be created is something worth discussing for.
Sure, but there's not that much to say about bitcoin so we like to rehash the same shit over and over again for our signature campaigns. If we googled everything we'd never make any money. You can find full specter of opinions about virtually anything in Google. You can even find people who are earnestly believing that the Earth is flat and Elvis still alive (and a lot of similar bullshit). But would Google tell us that you have been "mining and buying [Bitcoin] for six years" and could potentially "move the price $100 alone" if you chose so? I mean apart from cashing Bitcointalk? In other words, do you consider yourself as a Bitcoin "controller", at least, to a certain degree? Do you feel the power and magic? Of course I am. So are you. Everyone that uses young technology controls it. If we, as a small group of users, decided to stop using Bitcoin tomorrow and sell out it would disappear. Collect up a small group of users with say 5000 coins each and get them to start dumping and the price would crash. A crashing price causes a panic and more selling. Several studies of early mining showed that Satoshi premined over a million btc. If Satoshi really is one person and decided to create a better virtual currency he might want to move people away from Bitcoin first. He could even get the day traders to stop using Bitcoin. All he would have to do is start dumping coins and create a run on the price. Others would follow and start dumping. Every time the downward momentum slowed Satoshi jumps back in and starts dumping until it hits the bottom. Then he waits for a small recovery and dumps again. He has enough coins to do that dozens of times. Do that enough and traders will find a new toy to play with. That's the big joke surrounding all the discussions of a government taking over mining to destroy Bitcoin. Why set up all that equipment and operate it when they could simply contact a few private owners, threaten them and buy huge stashes of Bitcoin off book. Then they follow the above procedure to keep the exchange rate dumped. Bitcoin has almost no real economy right now. Remove trading from the picture and Bitcoin will be valueless. Oh sure, there are a handful of people that would use it like trading cards. Hell, I'm sure their are a handful of people still using Commodore 64 consoles too but I don't think they're ever making a comeback. |
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None of you will have to worry about the Chinese much longer. Within a decade or so they will have killed themselves with pollution, completely destroying their ocean, their land and their air. They took that whole "industrialization" thing a little too seriously.
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Bitcoin is decentralized, so basically no one control Bitcoin, but the network.
do a search on google, and you will find more information
Google is your friend, friend. This thread should not be created, the answer is very easy and the question is very simple. One click in google then problem solve. Maybe next time a thread that will be created is something worth discussing for. Sure, but there's not that much to say about bitcoin so we like to rehash the same shit over and over again for our signature campaigns. If we googled everything we'd never make any money. |
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I did. It was with my mamma, though. Ain't no one else I rilly know who usin' it at present. I mean no one wit a real live face. Wish I lived in nigeria or some other African country cause it looks like lots o' folks use it there.
You have the worst fake black vernacular that I've ever witnessed. You must be a young white Jewish guy from the Bronx. I used to work in Oakland and have never heard anyone talk like you. Give up the Aunt Jemima act.  Don't exchange Bitcoin face to face because it's dangerous. |
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When someone is victimized like this, they don't hate bitcoin. They loath it, with a visceral kind of disgust that prevents their ever seeing it as something they would choose to use. It is the tool of their enemy and persecuter.
So if the bitcoin community wants to survive and thrive, we need to figure out how to destroy the ability of ransomware hackers to utilize bitcoin. Either that or track the hackers down and make them wish to God they had turned themselves into the police rather than facing vigilante justice designed to ensure that no one ever makes the same choice they made.
Yes, savage vigilante justice because that's what god uses against us. Spoken like a true Christian. If we don't agree with them, burn them at the stake, stone them or wage war against them. Sorry, that was intemperate, wasn't it? I should not have encouraged vigilante action. It's just that I don't have much confidence in secular western judicial systems and their coddling of criminals. (In the United States, for example, the government is so far off the rails of the Constitution that there is no meaningful legitimate government to honor per Romans 13 without dishonoring the Constitution, which is supposed to be our highest human authority.) But on the flip side you make it sound ("don't agree with them") as if it is just a matter of opinion that what they are doing is wrong, such that it's just intolerant bigots who would lift a finger against them. If we were arguing about what to put on a pizza that would be a matter of opinion. By contrast these are clearly immoral criminal acts of theft and destruction of property. So I'll moderate my remarks and just ask that if and when authorities catch up with them, that they require the criminals to provide full restitution plus 20% for all the time and money and headaches involved in their activities. They should also be required to personally apologize to any of their victims who is willing to give them a hearing. Oh, sorry. I didn't realize you were from America. You're response is perfectly understandable then.  |
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That's the problem with PoW, for sure Satoshi was not thinking about ASICs when he make the coin. And chinese or not, there's a lot of wasted electricity wasted on mining, on the other side some people don't have electricity.
Stealing? lol hope they stay in jail.
Satoshi used FPGAs (arguably less energy efficient) early on to find a large quantity of blocks. The issue isn't so much the electricity, or the effective monopoly they have over there with the mining equipment, or the laggy GFC.. its the utter dishonesty displayed by the majority of the players over there. Mining each others headers (Antpool, F2pool, BW, BTCC, VIABTC all do it), submitting empty blocks, block withholding (particularly antpool), scavenging to include only the tx's with the best fees. It's actually embarrassing for most, but they don't care, its a living for them. I don't think it's possible to embarrass a Chinese guy. I was walking in the Fillmore and this Chinese guy walking in front of me farted real loud and then hocked up a green lugie that killed a pigeon on the ground. |
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2100, how many of us on this forum will be alive. I'm very sure of one thing it will be a completely different world from today, I can't predict the future just live it has each day comes
No one will be able to survive by that year that is living today. Because the life span of people today are even now faster and shorter because of the different diseases, calamities, wars that are happening. I don't even have an idea if bitcoin is going to be used by that time as the world's currency, its hard to predict a longer range of year for bitcoin. answers were very nice, but what if 2100 people who die can be revived, by storing the frozen brain? , Hahaha, because a heart transplant can already, now living brain transplant? or is this all just an illusion We should solve all the year 2100 problems now just in case we turn into a giant condor and decide to fly around the sun for 100 years. When we return to earth to retake human form we won't have to worry about Bitcoin. 0_o |
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Yes I believe, strongly believe. Because a lot of things in this world that exists but is hard to think how it could exist? But with descriptions of God in the book, I became a strong believer in God .. As well as I ask, I prayed and asked in my heart only in God, because only God can listen to the contents of one's heart, only God can give it also. God creates human beings, animals and all the universe. there is the explanation of the Qur'an and I believe.
That's was all that it took you to be a strong believer? Have you ever tried giving it a thought on why do you believe and why is all that the way it is? "od creates human beings, animals and all the universe. That's a lot of work, eh? So you a\believe all that just because it's said in some book written thousand years ago? that's the part that is not clear to me. You believe all that because you've read the quran or are you maybe from a country that is mostly populated by muslims or if you're not, is your father, mother or both muslim? He believes in fairy tales, father christmas, paradise and hell... Let's be frank here... Why is it that no one has died and come back to life to give us answers to many questions? Why did not an angel or a demon come to talk on television and prove it? Why is there no prophet in the present times? What is so different from the times of Jesus and the times of today that justify the non-existence of prophets? It wouldn't matter even if Jesus was real. Even if it wasn't such a ridiculous fantasy story that little children can write a more believable story. Even if it was in the grand master plan to ditch the world for two thousand years, all the way through the dark ages, no one would listen to him because he'd look like this.  |
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If the whales are early adopters, they might not care for the price of Bitcoin as much as we do. The very fact that they were early adopters and yet didn't cash out could explain why they are still in the game. They are not waiting for the price to hit some certain level, they are obviously waiting when Bitcoin becomes a new global money and they themselves turn into a new wealthy elite.
I suppose I am an early adopter. I have been at it since 2010. Like many of the others I know, we are not interested in the price. I don't care about wealth, just economic freedom. That's what this is about for me and I have no intention of ever "cashing out". I have never sold a bitcoin because bitcoin is the cash I want. If I find myself sitting on a 100 million USD in BTC, I'll donate it somewhere. So it looks like that I'm right about you, the early adopter guys. You are just waiting patiently when Bitcoin becomes the major money, and then you will be both liked and envied or even hated by smaller people like us, who were not that lucky to jump on the Bitcoin bandwagon in time. But if you don't transact what's the purpose of economic freedom to you then? Not every early adopter believes that way. Some read the 2011 gawker article about this new money used to buy drugs online. It was instantly visible that this new "dark web" money was going to skyrocket in popularity and price. For me, it was like reading about a young Apple Corp or Microsoft and seeing dollar signs. It was only ever about profit for me. The first thing I did when visiting this forum is read the mining section, learn how to mine and build a mini gpu farm. I knew I wanted to get my hands on as many Bitcoin as I could as fast as I could. Methinks, we shouldn't count you as an early adopter. Those who used GPU mining were already at an advanced stage of Bitcoin development and adoption. It seems that only the ancient ones who mined first bitcoins on their desktop processors can be rightfully considered as true early adopters. You yourself say that you came into Bitcoin when it already got some notoriety for being used in dark markets. 2011 is nowhere near early, only 2010 makes it somewhat. That's possible I guess. You've narrowed your band of people down to maybe a thousand 2010 users, of which possibly a couple dozen still visit this forum. I guess that would also depend on what your definition of whale is too. Yes, you hit it right where it hurts. In my view, we can count as whales, or super-whales, the first thousand or hundred top Bitcoin holders. We can do basically the same with regard to whales among early adopters. Because their number will be much lower than the number of simple whales for obvious reasons, we should count only the first hundred of them. Satoshi is gone and not spending any of his. So you can rule him out. Many of the early miners wasted their coins buying shit like 20,000 coin pizzas, Allinvane had his stolen, tons of the early miners lost them at MtGox and so on. I think there's way, way less than 100 early adopters that still have 20,000 coins or more. Your using "early adopter" interchangeably with "whale" and those aren't the same. The Winklevoss twins have mountains of Bitcoin but you wouldn't consider them early adopters. They could sell half of their stash and crash the price to a penny. I've been mining and buying for six years and even I could probably move the price $100 alone when I sell all. |
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If the whales are early adopters, they might not care for the price of Bitcoin as much as we do. The very fact that they were early adopters and yet didn't cash out could explain why they are still in the game. They are not waiting for the price to hit some certain level, they are obviously waiting when Bitcoin becomes a new global money and they themselves turn into a new wealthy elite.
I suppose I am an early adopter. I have been at it since 2010. Like many of the others I know, we are not interested in the price. I don't care about wealth, just economic freedom. That's what this is about for me and I have no intention of ever "cashing out". I have never sold a bitcoin because bitcoin is the cash I want. If I find myself sitting on a 100 million USD in BTC, I'll donate it somewhere. So it looks like that I'm right about you, the early adopter guys. You are just waiting patiently when Bitcoin becomes the major money, and then you will be both liked and envied or even hated by smaller people like us, who were not that lucky to jump on the Bitcoin bandwagon in time. But if you don't transact what's the purpose of economic freedom to you then? Not every early adopter believes that way. Some read the 2011 gawker article about this new money used to buy drugs online. It was instantly visible that this new "dark web" money was going to skyrocket in popularity and price. For me, it was like reading about a young Apple Corp or Microsoft and seeing dollar signs. It was only ever about profit for me. The first thing I did when visiting this forum is read the mining section, learn how to mine and build a mini gpu farm. I knew I wanted to get my hands on as many Bitcoin as I could as fast as I could. Methinks, we shouldn't count you as an early adopter. Those who used GPU mining were already at an advanced stage of Bitcoin development and adoption. It seems that only the ancient ones who mined first bitcoins on their desktop processors can be rightfully considered as true early adopters. You yourself say that you came into Bitcoin when it already got some notoriety for being used in dark markets. 2011 is nowhere near early, only 2010 makes it somewhat. That's possible I guess. You've narrowed your band of people down to maybe a thousand 2010 users, of which possibly a couple dozen still visit this forum. I guess that would also depend on what your definition of whale is too. |
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If you wrote that, you're far too intelligent to be posting on this forum. 95+% of the people reading the posts here are barely literate signature campaigners looking to grub a few bitpennys from posting on topic drivel. They have no concept of what money is, no understanding of basic economics, can't learn from history, don't understand the basics of coding and think basic addition is high math.
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When someone is victimized like this, they don't hate bitcoin. They loath it, with a visceral kind of disgust that prevents their ever seeing it as something they would choose to use. It is the tool of their enemy and persecuter.
So if the bitcoin community wants to survive and thrive, we need to figure out how to destroy the ability of ransomware hackers to utilize bitcoin. Either that or track the hackers down and make them wish to God they had turned themselves into the police rather than facing vigilante justice designed to ensure that no one ever makes the same choice they made.
Yes, savage vigilante justice because that's what god uses against us. Spoken like a true Christian. If we don't agree with them, burn them at the stake, stone them or wage war against them.  |
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