What are the essential characteristics of this new fictional threat? -Imaginary -dramatic -fud |
|
|
|
Any other reason comes to mind? Mathematical certainty of bitcoin's future dominance comes to mind. |
|
|
|
(beliathon, I was going to reply to your comment, but I said earlier that "I will not answer to [post using derogatory term or sentences], even if they are interesting." (and shitty is such a term). Now if you edit to make the sentence more neutral, I would happily reply. Your altcoin is bad, and you should feel bad. All altcoins are temporarily existing, short-lived bitcoin parasites. You are ticks riding on the back of the Bitcoin dog. You will go broke if you keep your wealth there. I don't need any reply from you, my parasite-pushing friend. I'm just stating facts here. I'm a messenger of reality. A dog does not "unite" with the ticks riding on its back, it simply waits for them to die of their own short lifespan and carries on. |
|
|
|
But I profundly disagree that one cannot separate blockchain and Bitcoin. This is not a matter of opinion, but fact. An insecure blockchain is a useless blockchain. The value proposition is the only incentive for miners to secure it. The end. And since you're pushing some shitty altcoin, "monero", you should probably read this. |
|
|
|
|
Top one, bottom one is just stealing thunder from M.I.T and so seems cheese-bally
|
|
|
|
Intelligent Bitcoiners only notice the 2nd half of that sentence, and feel sad. Bitcoin's primary source of value is the magnitude of its network. Just like Facebook and Verizon, this is not something that can be duplicated without a time-travel device. But I guess if we're going to pretend time doesn't exist, yes, you can "make your own". But thanks for telling us what "intelligent bitcoiners" think, dipshit. |
|
|
|
Very dramatic, OP. Good for entertainment and not much else.  This is a war and we are soldiers I know overweight armchair revolutionaries love to think of themselves romantically, but reality check: There is no war, and we are not soldiers. This is plain old technological evolution, which you are needlessly dramatizing. It can be delayed and danced around only for so long before the inevitability of this new reality asserts itself. So stop infighting and look at the real threat. There is no threat. Again, this is technological evolution. Cryptofiat is a joke, it's not going to happen, even if it did, who would buy in? What's the government going to do, force us to trade our dollars for cryptodollars at gunpoint? I don't think so. To quote an excellent comment from Reddit: I've got to be brutally honest here: most of you seem to have a walmart playpool's worth of depth when it comes to understanding what bitcoin is and what it's primary value proposition is.
Bitcoin is not yet money. For the love of disco, let me repeat: It is not yet a currency. It does not fulfill the three main requirements of a money to a high degree (medium of exchange; yes great. store of value; not so great. Unit of account; not at all . . . yet) And this unit of account aspect is key.
How retarded or misleading can one be; to suggest that a commodity, or a would-be-money, is somehow fundamentally flawed, because it does not yet enjoy a great deal of liquidity and widespread adoption, or because it's exchange price with the current money is volatile!? I mean: how else exactly do people imagine this phenomenon could possibly take place? . . .that one day, some magical company called Bitcoin Inc., should just pop on the scene and declare their unit in their digital blockchain ledger to be worth X amount, and it will just be so, because they declare it?
Only governments can do this, because governments have guns, and a slightly insane population of state-worshipers who believe that their proof-of-violence kind of money is somehow a good thing for society. Anyhow, regardless of how you feel about anarchy. . . it does not change the fact that valuation of a commodity is either forced and enforced. . . or it is emergent on a market. It takes time, to say the least. It cannot happen all at once, and it is going to be a messy, ugly, fits-and-starts, snafus, highly dis-equitable distributions initially, frauds, thefts, evolution of best practices and safeguards, etc. A process of getting a large segment of the population to not only wrap their heads around a new technology to some extent. . . but to build out infrastructure to make it easier to use, and to have a large enough network of people and businesses demanding and accepting bitcoin.
Bitcoin cannot exist without the blockchain. . . but the blockchain is bitcoin. There is no separating the two. The level of ignorance and/or dishonesty to not contemplate and comprehend this fact, before so vociferously decrying the money aspect of it, is staggering. One particularly ridiculous inconsistency of his argument, is that the exact type of "separation" of Bitcoin and bitcoin which he insisted upon (for uses such as remittances which he gave the example of), are already in existence, by way of companies such as Coinbase and Bitpay, which he lambasted. There is no such thing as the coin people! It's a fucking ledger. No community utilizing blockchain technology as a decentralized network (i.e. not a single entity utilizing it internally and later transferring fiat balances between branches), can make any use of changing entries in a ledger unless the shares or units have value. If they have no value, then no remittance network is possible, because there is no objective metric by which the sender and receiver could possibly determine how many units of the blockchain ledger should be assigned to the particular amount of fiat being sent, and how much fiat should be received at the other end in correspondence to those units of blockchain ledger. The blockchain must have value, and indeed the units must have price. This is inseparable from most any use of blockchain technology. People need to get over their centralized, give-it-to-me now thinking; and understand the price discovery period which is going on with bitcoin.
Bitcoin has the network effect, which is growing, and it is that network (of people) who give value to the bitcoin network, and subsequently the shares of that finite amount of units internal to the ledger. That is what allows the network to be useful. . . for anything.
I'm sorry, but if you think that this man brings up any valid points whatsoever. . . .please, please; just stop right now. Get off reddit. Please don't buy any bitcoin. Please go back and read the Satoshi whitepaper. Please go study economics. . . especially monetary history and the history of development of commodities into market-based currency. You owe it to yourself to more fully understand this amazing technology, and the economic and political implications of it's properties and usefulness. Money is memory. Money is societal memory. Having control over the issuance of money is the ultimate power over society, and it is a power far too great to entrust to governments and central banks.
Please understand where this man's rhetoric is coming from: Bitcoin "the payment network" alone, is not threatening to anybody. Bitcoin as money, is extremely threatening to a lot of groups. There is a concerted effort to distract from this much more important aspect of bitcoin and to try to neuter it into being only a payments network, but also stifle it's development into end-to-end use as it's own unit of account; as money. Source: http://www.reddit.com/r/Bitcoin/comments/2i5oim/omg_watch_this_and_tell_me_mainstream_media_does/ckz51s1 |
|
|
|
|
The internet is our generation's Printing Press. Bitcoin is a very excellent scientific book produced in an age of deception and myth.
|
|
|
|
|
Sounds like your company sucks and as a businessman you are a failure.
|
|
|
|
because I trust math more than I trust people.
This. Fiat is latin for "faith"I'm an atheist. To me, faith is folly, a tired remnant from the bronze age. I prefer reason and logic; observation and deduction. "The crash in 2008 initiated a growing gap between rich and poor, and between unreality and reality. The regulated economy ensures illusory stability, predictability and false manifestations of wealth, leveraged against the future. The real economy, accounting for all factors, is a very different thing from the regulated economy, which only acknowledges desired parts of the economic picture. When confidence in the illusion dissolves, an apparatus of political and social control is necessary to keep the system grinding forward in a way that we want it to: it must follow an artificially-propelled arrow of progress, with growth and profit moving ever upwards (well, moving upwards 80 per cent of the time, until another crash hits). The recession jarred that pre-engineered momentum; it dismantled the future many were promised, marketed in mass culture and the popular entertainment industries. The Great Recession told us: no matter how many tales you were told, the future of your dreams will never arrive. The crisis marked a moment, so to speak, of atheism about the future." http://historiesofthingstocome.blogspot.com/2014/07/bitcoin-economy-of-eternal-now.html |
|
|
|
Those posts are good places to collect ignores before they waste my time in real discussions.
My sentiments exactly. |
|
|
|
i have bought nothing with BTC until now.but i think in the future i will do it
Yeah, this is a bad time to spend bitcoin, given the undervaluation. Best to wait till it's back over 1000 $ |
|
|
|
Why does BTC cause so much controversy even with friends and family? The idea is amazing as is the technology. Why is there such a instant rejection of the idea? The same reason people instantly reject the idea of anarchism. In a word, indoctrination. "The measure of the state’s success is that the word anarchy frightens people, while the word state does not. We are like those African slaves who believe that their master is their benefactor, or those Russians who still believe that Stalin was their guardian. " -Joseph Sobran "...Everything had to have its own nature and limitations, including the state; the idea of a state continually growing, knowing no boundaries, forever increasing its claims on the citizen, offended and frightened me. It could only end in tyranny." -Joseph Sobran "Nationalism is our form of incest, is our idolatry, is our insanity. "Patriotism” is its cult. It should hardly be necessary to say, that by "patriotism” I mean that attitude which puts the own nation above humanity, above the principles of truth and justice; not the loving interest in one’s own nation, which is the concern with the nation’s spiritual as much as with its material welfare — never with its power over other nations. Just as love for one individual which excludes the love for others is not love, love for one’s country which is not part of one’s love for humanity is not love, but idolatrous worship." -Eric Fromm, The Sane Society |
|
|
|
He is very careful to mention that he doesn't think BTC will be the one. More and more I get the feeling that btc is the experiment. They will watch it and learn as it fails, then make a crypto that fixes everything that is wrong and copies everything that works... Yeah, cause we all know how well that worked out with Bing  |
|
|
|
Their render for the 2oz sold physical gold Bitcoin 5BTC is amazing:  This coin has $2420 worth of gold and $1900 worth of BTC. The value of the gold in the coin will decrease as the value of the BTC increases. Yes it's beautiful, but it's a poor investment as the loss in gold will cut into your profits in BTC. If you're wondering why I say the gold will devalue, it's because with the advent of cryptocurrency, gold is now obsolete as a store of value. It's a matter of time before that truth propagates through the rest of the population, and gold loses ~80-90% of it's exchange value. |
|
|
|
If I told you what those "specs of dust" will be worth one day, you wouldn't ask such a question.
Not much. If bitcoin should reach a price of US$50,000 that 1 satoshi will still only be worth US$ 0.0005. So with a bitcoin price of even US$100,000 per coin that dust will still only be worth around a tenth of a cent. Tell me, oh wise one, when 1 BTC = infinite US dollars, because fiat scrip no longer has any value, how much will one satoshi be worth then? Tough to say, isn't it? Well, I don't know either, but I can guarantee it will be more than a tenth of a cent. |
|
|
|
|
"Newspapers have nothing to fear from the internet!"
|
|
|
|
|
Show Posts
