Bring more people in the bitcoin. Family friends, anyone we can think of.
>family >friends The lowest of the low. Don't even care who you hurt anymore  |
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Yeah, well, you know, that's just, like, your opinion, man. |
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So majority of people voted for by far worst option.
By next few weeks bitcoin might goes back to 400 level January 1 is tomorrow, brah. You're welcome. |
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So what about TradeFortress, his account wasn't stolen or hacked AFAIK.
Nor was Ukyo's, nor cryptocyprus' (Danny Brewster/Neo Bee), Garr255, KSlaughter, etc., etc. All the major scams were done by trusted members as long as the trust system was in place. |
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^ The dumps aren't causing a huge drop in price... we are very close to finding a near term bottom here  Yep. And hunkerin' down there for a while. Would feel bad for leveraged longs just about now, but my heart's two sizes too small  |
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So majority of people voted for by far worst option.
because bitcoin. |
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^No, that's despair. A new revision has been filed.
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> How could replacing bitcoin be difficoult?
> Nah. Everything built on top of bitcoin works just fine with a clone (bitcoin with different genesis block).
If it's just a clone, there is not even a reason *to* swap it out.
Sure there is. The clone doesn't have an artificially inflated price. Or, you know, just for lel, to send bitcoin hodlers to the poorhouse. We're not talking much money here - bitcoin's entire market cap is pocket change for guys like Buffett. He's old, and I hear you can't take it with you. (The clone with the most use has the most value. Bitcoin.) It may be easy to do, but it's far from zero work. Difficulty can also come in the interconnectedness of other services... If your service relies on the API of another service. This doesn't get swapped out over night.
No, actually. All the interconnections are identical to bitcoin V1.0 sorry, forgot, still in beta. Make that 0.10.0rc1. The software already tests for invalid transactions. |
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Whoa there. A ponzi is a pyramid scheme created by a malefactor.
A pyramid scheme is any scheme in which early adopters profit only if new money keeps coming in. I don't think you want to argue that Bitcoin's price can grow without influx of new money - bitcoin doesn't produce anything other than more bitcoins and heat.
I have already explained why a rational player would invest in a pyramid scheme (buy BTC at the auction), but I'll do it again:
1. Buy BTC below market at auction.
2. Sell on exchanges at market.
3. Profit.
Ok, I understood your point. But, who says that new monies won't come in and people won't profit anymore? BTC is still in development mode and has a lot to capture...  That's a different question altogether. There's always new money coming in, the question is "at what rate?" With Beanie Babies, for instance, it's sufficient for the actors to hodl their Beanies for the price to remain stable. Not so with bitcoin. Unlike the Beanies, which are no longer being printed mined made, more than 3,600 bitcoins are printed every day. These, as I've pointed out, are being sold. Enough fresh money needs to come into the system buy these and keep the price stable. TL;DR: It's not impossible for the price to go up, but for it to go up substantially is unlikely. Just an opinion. |
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I didn't say that bitcoin was a ponzi, just explained why a reasonable person would invest in one. Bitcoin is more of a pyramid scheme.
Not sure what people taking BTC for coffee has to do with this.
Obviously, it has to... Because it is a part too of the so-called pyramid scheme you talking about... Take Microsoft as example, they started taking BTC and yes, I do believe that for us the price of Bitcoins ain't what we wanted after bashing in all the stupid posts regarding the moons, but this is what these big guys wanted, a bit-stable environment to neither profit a lot, nor make a huge loss... Else, whilst the previous auction was held, nobody would have bought any of these... Whoa there. A ponzi is a pyramid scheme created by a malefactor. A pyramid scheme is any scheme in which early adopters profit only if new money keeps coming in. I don't think you want to argue that Bitcoin's price can grow without influx of new money - bitcoin doesn't produce anything other than more bitcoins and heat. I have already explained why a rational player would invest in a pyramid scheme (buy BTC at the auction), but I'll do it again: 1. Buy BTC below market at auction. 2. Sell on exchanges at market. 3. Profit. |
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Because profiting from a ponzi is guaranteed, as long as you manage to get out before the rubes catch on?
I believe BTC ain't a pnozi because if it was, I don't think people are too fool to be true to put in their monies in this so-called pnozi... There are still some places where people accept BTC to buy a coffee, ain't there?  I didn't say that bitcoin was a ponzi, just explained why a reasonable person would invest in one. Bitcoin is more of a pyramid scheme. Not sure what people taking BTC for coffee has to do with this. |
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In other words, itīs some sort of a scam. A ponzi scheme if you will.
Wow, if it's a ponzi, why are you in?  Lolz, seriously man... Because profiting from a ponzi is guaranteed, as long as you manage to get out before the rubes catch on? |
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Still comparing BTC to the internet? No, y'all pumpers got the analogy wrong. Bitcoin is more like the AOL of money, not the internet of money.
Did developers build large numbers of services and infrastructure on top of AOL? Building stuff on top of Bitcoin makes it hard to be replaced, even if it isn't the best system. Nah. Everything built on top of bitcoin works just fine with a clone (bitcoin with different genesis block). The biggest investment in bitcoin to date is ASICs/miners, and those can be pointed at any SHA256 alt. But sure, people built shit for/on top of AOL. |
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I somehow don't gett it sometimes...
Bitcoin exchanges are still quite small things compared to stockexchanges like Wallstreet or stockmarket online exchanges, and we saw often enough this yera that the price can easily be manipulated in this or that direction.
So whyt would happen if the majority of the community now would just put no more btc sale offers lower than maybe 380 for now on the exchanges??
In my opinion 2 things....
1. Even that there still might be some guys who still like to give away their coins for nothing, those would be fast bought up, and then exchanges' ask sides would all show up prices o 380 and above.
Maybe ther would then be a short time where the trading volume would go near 0, but soon it would go up again and all people who want to buy bTC would see that the prices on all amjor exchanges are around the same, and the smaller would the also soon follow.
2. This would result in the price graphs to show a price encrease of over 50USD/BTC within let's say 3 or 4 hours, this would make many people think that the bottom had been through now and this would attract a lot of people to buy now before the price goes up more (that's how most of non professionals would think because of what they see)
So even if a lot of people (especially miners) need their coins to by changed to Fiat topay bills, this would not takes weeks for the price to move...and I think everybody ca wait some hours or a day to chnage their coins.
For sure are there also the big players on the market but except they hold short obligations they should also have no interest in such low BTC PRICE...
If more than 80%of the community would do this, we would sure be able to stabilise the price on a 400USD level with a few coordinated actions like this...
Just my opinion...but all who have hardware running at home should have the same interest to start eraning again some/more money...
More than 3,600 new coins are printed mined per day. You know how people complain about the FED printing money & making theirs worthless? Bitcoin is doing what the FED is doing, only faster. Most of the money-printers miners are not hobbyists but by commercial mega mines, which do it for profit and have bills to pay. This means the coins have to be sold for fiat real money. But I like your trick of limiting the supply by refusing to sell. Artificial scarcity is the very gimmick Bitcoin and Beanie Babies are based on, so the idea isn't entirely original. I'm sure many people think like yourself tho, and that's why I was able to sell my coins at a profit, leaving you with the bag. I used to feel a bit guilty about it, but eventually learned to see myself as teaching you a valuable lesson & actually feel proud of what I do Hope this clears things up. |
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If you are so certain it will fail and decrease more ill buy your 22 coins at 100 dollars each. After all you mined them. If you were a true believer that bitcoin is a terrible investment and will continue to decline in value, then you will sell them at $100 dollars each.
That's bitcoiner logic. A normal person (looking to profit) wouldn't sell for $100 when he could just as easily sell for $300. Because math. |
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Well, there was TradeFortress .... I can't recall any others right off hand. A lot of in-and-out scammers here though.
All of the major scams were orchestrated by members with high trust ratings.* Those ratings eventually fell, just like TF's, but only after the traps were already shut. *The trust system is about a year old, so I'm talking about the scams which happened with the trust system in place. |
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Your thoughts?
The Jews did it  |
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