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Or just that Gavin thinks it is Satoshi. Of course he does not know either, but someone is.
All that has to happen is for Craig to cryptographically sign something the right way.
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And volunteers are going to repair the roads? Never gona happen.
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Your coin becomes more valuable only if there's an influx of new users, only when greater fools buy your coins for more than you've paid for them. Hard to make it any simpler, man  So any item that you buy and sell for a profit is a ponzi.  >In a ponzi the true asset value MUST be hidden from the investor and the payouts MUST be from new investment not from dividends or the asset gaining valueHuh? Source of this nonsense? This forum has a section dedicated to ponzis, these advertise themselves as ponzis, the word "ponzi" is often prominently featured in the name. But... you say those aren't ponzis?  That is correct. It is only a ponzi if the true asset price is hidden. If they are advertising as a ponzi it is really a game. You can try to get more people to sign up because you know that the money comes from the newer "investors". That is not deceptive and not even against the law. A good source is the source you used earlier. Often the high returns encourage investors to leave their money in the scheme, with the result that the promoter does not have to pay out very much to investors; he simply has to send them statements showing how much they have earned. This maintains the deception that the scheme is an investment with high returns >So gold is a 4000 year old ponzi? That's a topic in itself, but, for the sake of brevity, no. No more than any collectable, like Beanie Babies, is a ponzi. If you're happy with having a Beanie on your shelf, buy one. If you're buying it in hopes of getting rich, and create websites telling people that BTCeanies are the best investment ever OTH... No benie babies are not a ponzi either. They are just a stupid thing to invest in. The supply of benie babies is potentially infinite and controlled by the supplier. Much like the Tulip mania, they collapsed because of overproduction. Which can't happen with bitcoin. >And no, ponzis generally make no money at all. The money is simply stolen. I'll have to read it later as I am about out of time at work. I would guess that a ponzi pays out the minimum amount to convince investors of the fake valuation of their asset. They likely pay specific investors that they believe will spread the word or anyone who has become suspicious of the fake price. I know they sometimes start out as a real investment, but the minute you start saying the asset is worth $X and then pay out from the investment pool instead of profits you are operating a ponzi because you are lying about the value. Now let's look at a bitcoin sale. When I buy I pay about the global average price that people all over the world pay on the open market. That price is not hidden or invented by the issuer. It is the provable price. And it's over, that is called a sale. I do not have any more relation with the seller. There are no dividends paid, no holding the asset by the issuer (which almost all ponzis do). I can sell when I choose, there is no way for the issuer to give my money to the next buyer as there is no investment pool. A classic ponzi goes like this: I invent a stock and sell it for $1. Now the first people who buy I tell them the good news. Your stock is now worth $1.50! Let's say someone calls me on that. I would buy back the stock for $1.50 and try convincing everyone that a profit was made. "Look, he made $.50! If you stick with this you are going to get rich!" This goes on as long as the deception can be maintained. When enough investors start calling in their sell orders I pack my bags for Fiji and am never heard from again. |
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First off, what "the government" are you talking about. There are some 200 worldwide and every one of them can trade gold. Now factor in the millions of gold owners who are fee to sell at whatever price they choose. A bank may be able to manipulate THEIR valuation on gold, but how would they convince millions of others to sell at a price they choose?
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And like any "dead" financial instrument it has gone up $50-60 in the last few weeks.
Lol @ "financial instrument." You do know that *all* ponzis bitcoin-like financial instruments have to go up before they crash, correct?  And I assume that you know: 1. That bitcoin is provably not a ponzi. An open source ponzi, lol? You clearly have no idea of what a ponzi is, so I'll educate you by way of Wikipedia: " A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources." Which part do you find irreconcilable with a ponzi being open source? You do understand that there is even a ponzi section here, and plenty of ponzi website scripts  I have been a stock trader for 30 years man. I know quite a bit about what a ponzi is and you don't even seem to see it your own answer. Well, quote. There are ponzi's denominated in bitcoin just like dollars and Euros. But does that make dollars, Euros, and bitcoins ponzies? Of course not. In a ponzi the true asset value MUST be hidden from the investor and the payouts MUST be from new investment not from dividends or the asset gaining value. That is what makes it illegal, the facts are hidden. So what is it you think is being hidden from you when you buy bitcoin? Is the current price part of a global conspiracy to hide the real price from you?
2. When an asset gains in value it is not a sign of collapse.
No. Inevitable collapse is an inherent quality of all ponzi schemes. Most successful ponzis make money to their marks, until they don't. Ponzis that try to scam their victims from the start are called "unsuccessful ponzis." ok... So gold is a 4000 year old ponzi? And no, ponzis generally make no money at all. The money is simply stolen. 3. Bitcoin was not conceived as a financial instrument, but it regularly (mostly?) is used as one.
Ponzi operators aren't conceived as ponzi operators either, most being form’d of Joy and Mirth. Nevertheless, just as with Bitcoin, we're only concerned with what they have become, not how they were conceived.
So now you know.
That did not help one bit, lol. I don't even understand what your trying to say. "joy and mirth" |
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OMG, when I first read this I thought you meant £75 British pounds. I was like "hell, I could lose that is a day".
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And like any "dead" financial instrument it has gone up $50-60 in the last few weeks.
Lol @ "financial instrument." You do know that *all* ponzis bitcoin-like financial instruments have to go up before they crash, correct? And I assume that you know: 1. That bitcoin is provably not a ponzi. An open source ponzi, lol? 2. When an asset gains in value it is not a sign of collapse. 3. Bitcoin was not conceived as a financial instrument, but it regularly (mostly?) is used as one. |
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Apparently no. It just can't hold as such a low price.
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It is suspected to have come from a mixing service. If so, we just need to wait for the body to turn up to know who pressed send. |
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Of course it will go away if no one uses it. Here is your chance to save some fees and SPEND your BTC instead of turning it back into crappy fiat.
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I am also waiting for this. There have been a few attempts that did not work out, but I think it will eventually happen.
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Ha, good find. So because they could not figure out how to use them for their business bitcoin is dead. And like any "dead" financial instrument it has gone up $50-60 in the last few weeks. |
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And bitcoin has faster transactions than the bank and more secure I guess.
Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks. Well, you pay insurance for those bank hacks. The banks simply pass on the expense to you. They have to because online banking is simply not that secure. Bitcoin is far, far more secure, far faster, and far cheaper. Indeed the fastest, cheapest, and most secure banking system in history. Which are among the reasons it is worth billions and will likely be worth trillions. |
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How the hell would we know? I think you will find that the more confident the prediction the more foolish the predictor. |
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Isn't this a question for you to answer for yourself?
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A real investment involves obtaining a business plan from a licensed and registered company. Unless they have a business license then you are just kidding yourself to think you are "investing". They could walk off with your money and you would have zero legal recourse. If you want to get serious then you might want to look into "funding portals" like this one: https://wefunder.com/ or this one: https://circleup.com/shareholder-value/. But there are many and you will want to look carefully at the terms. Still, it can be a great option for buying into the profits of an idea you believe in. P.S. ShooterXD ? Like a Springfield XD? |
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Fees could be the issue. Tx #1 had a $0.02 fee added, and none at all for Tx#2. https://blockchain.info has their priority at medium for #1 and High for #2. I wonder if that has been changing as they cue up, or has it stayed the same? |
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They have to do something, the fiat banking system has become to insecure to use. Bangladesh Bank hackers compromised SWIFT software, warning issued... $81 million was routed to accounts in the Philippines and diverted to casinos there. Most of those funds remain missing. |
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Are pole voters visible to the thread starter? I thought they were. |
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