link?

Hmmm. Well I'll be tuning in to this show, interested to see what he has to say even if its negative. But I don't understand why this "intrinsic value" concept seems so prevalent, I thought it had no basis in the Austrian school at all. Maybe its just because gold and silver are obviously so much safer. Yeah, Bitcoin is a lot more speculative than gold and silver, so what, that isn't reason enough to bash it. I'm more interested to hear his thoughts as an Austrian thinker than I am his thoughts as an investment broker.

Why does that seem suspicious? They want to get more business.

We could also require users to submit biometric data.

I think a combination of not being overly paranoid and not being overly reactive will protect us from this oh so very ominous threat. Frankly it would still be easy for the all the "CIA agents" that are on here to become verified, and then whip out their diabolical plan of crying about how they lost their bitcoins. So you'd still be suspicious of verified posters. Also the "verified" would be a bit confusing to some, who might interpret it as some kind of endorsement or official authority.

But I do think it is a good idea to incorporate a reputation system, the kind that is pretty standard on vbulletin boards. Users can +rep or -rep posts, a lot of neg reps will mark someone as having a bad reputation. Though there are some drawbacks to the reputation system as well.

That reminds me, someone actually said "You can touch gold and silver. But you can't touch a Bitcoin."

If you can't fondle it or bathe in it, its no good.

That is an opinion, not an observation of fact like the title says. Not that I think I can argue for a more optimistic case very well (still consider myself to be in a relatively early learning phase), but you didn't argue here you just said "I think this" and did not explain how you came to that conclusion.

Maybe your guess will turn out to be right and is in founded in something more solid, or maybe you are just being pessimistic.

I can understand why people might suspect you are a troll though, I mean you only have six posts, why did you join if you think the future for bitcoin is grim or very disappointing? Its unlikely you had a change of heart from six posts ago.

"bitcoins are endlessly divisible and therefor not scarce, so they face severe inflation"

The dollar bill after its valued has been reduced to its equivalent in paper and Bitcoin takes over the world:

The other side of the coin should be a silver engraving of Chuck Norris, since he is the real Satoshi.

This isn't working, someone make some philosoraptor bitcoin sayings, or create a bitcoin themed hitler parody video

A man walks in to a bank and asks if he can convert his dollars to bitcoin.

His account is frozen and he is reported as a possible terrorist to the FBI.

In an ideal world gambling and prostitution would be legal everywhere, so Vegas would be less of a tourist hub than it is, as people would have similar options closer to where they live.

But in an ideal world a lot less people would partake in gambling in the first place. Because in an ideal world we wouldn't have to put up with the shoddy public education system, there would be better alternatives. So with a more intelligent populace there would be less people willing to throw money at casinos.

Casinos in general would be less profitable, but at the same time more numerous and spread out across the country.

Yeah I suspect there will be some reporters who sift through the forums to see if they can pickup a few tidbits for articles.  I've seen that happen before with different subjects and different forums.


Keanu Reeves probably.

The only thing I admit to is having a dickish tone in this thread, sometimes I embrace the impersonal nature of the internet a little too much. I also like pictures.

But you said you were a conspiracy theorist in the OP. In my first post in this thread, I said I do not use the term conspiracy theorist in a pejorative sense. Because after all conspiracies do happen. But it is irresponsible to just from speculations on nothing. I made a distinction between good conspiracy theories and bad ones. Bad ones try and avoid relying on facts, and are mostly all speculation.

You speculated about allinvain. And then I speculated as to why you were just going with this CIA story for very little reason at all, it was an extraordinary claim, extraordinary claims require at least a little evidence besides just insinuating that some of the details are suspicious in your opinion. If allinvain isn't a government agent, then he is guy who has had something terrible happen to him, whom you are making some not so nice accusations about.


yep, he is a sarcastic dick who likes to argue.


That I agree with.

Oh snap, I forgot I was the only one with twelve posts, the only new guy to join as of late. That must look suspicious.

I don't have to answer shit, but I will anyway. I heard about Bitcoin from another forum. It resonated with me because over the last few years I've had an interest in free market economics, meaning I'm against the central banking system. I understand that central banking only impoverishes all those who are not in the politically connected or banking class. If bitcoin catches on, it will upset this corrupt system. I'm also interested in seeing if I can profit off of bitcoin, I intend to be a speculator, and hold on to some coins for a long time to see where they go.

And if I'm going to be put on trial for my sarcasm, I can also say that I know 2-3 members here that have established post histories who can vouch for me, because I know them from another forum.


I'm saying the government has a lot of power, and if they want to move against bitcoin, they are not going to fart around paying people to post "durr I lost my bitcoin" stories. The government is stupid, but not so stupid that they would choose such an attack vector. They might try and write some laws, they might try and move against sites like mt. gox, etc.. Doesn't matter if it won't work, its their MO, its how they always have responded to things historically. The government has power, the government has an inflated sense of what it can do with that power, they want to use it.

"THE MYSTERY OF THE MISSING BITCOINS!!1"



bitrebel and his scooby-doo crew of internet conspiracy experts are on the case, and they are here to logically deduce what happened without the need of facts or evidence.

Why would he let someone steal all of his Bitcoins? Why? Why did he not appear to be more sad in his post? Its just too fishy..

Wouldn't a super l33t and powerful organization like the CIA want to perform psyops such as this that are only temporarily effective at best, instead of simply using brute force and power to pull the plug on bitcoin? Oh definitely. So with this compelling case in mind, anyone who suggests that perhaps he just fucked up, must be on the payroll of the CIA. This story is too convenient a defense of bitcoin for it to not be true.

Then you are confused. Central planning does not work because of the calculation problem.
Government's can't allocate resources in any rational way, no matter how intelligent and good intentioned you think the government planners are or can be. And lets face it, the political system is like a filter, only amoral sociopaths climb their way in to seats of power. The system is such that you have to lie to, pander to, and bribe voters with other peoples money in order to get elected. Complete central control is inherently total power, no moral person would want that power, no wise person would think they could use that power to make the world a better place. Only the moral/psychologically corrupt want that power, its like the smell of death attracting buzzards, they are drawn to power because of their especially flawed natures. So only the bad want to be in positions of power ("central planners"), and for the most part only the bad can succeed in becoming a part of the ruling class because they have to lie to the voters and exploit their ignorance in order to get the job. And then once they become central planners, they have very very little incentive to do a good job or pursue what is right.

Maybe you and others whom agree with you could create an exchange and subsidize bitcoins with your own money from the market price down to ninety cents.

Just tell me when the site launches, I want to be the first one there.

Because "FAIL" is something that is new to the internet. Millions and billions of people out there, but no way one of them could screw up and do something stupid. This guy was the first.