|
Would it be possible to create an automated message to notify the author of a post that the thread is moved to another board? I don't always notice in which section a post resides. It will help to clarify the discussion if is interpreted by the admins to be be irrelevant to the subject. Bitcoin is a very complex subject matter and while the general Bitcoin Board is sometimes overwhelmed with posts that belong elsewhere, it is also useful in discovering nuances that spawn discussions for other boards. A simple notification can help assure that the discussion stays relevant to the intended topic.
|
|
|
|
The only response I ever get is "But the base will grow and margin orders will level off the volatility." Those arguments don't address my concern that a currency needs to have some psychological element built in like fiat does.
Your concerns provably don't matter. By every objective measurement, adoption is proceeding exponentially despite every so-called problem. Bitcoin is already a successful technology because people are choosing to use it. Actions speak louder than words, and the actions of the market tell us that whatever issues Bitcoin may have none of them are deal breakers. Some of the flaws that various concern trolls want to "fix" are actually selling points. If you're going to start out an argument with the premise that Bitcoin is fatally flawed then you're as grounded in the real world as someone who starts an paper on hydrology by assuming that water flows uphill. If you want to be taken seriously you've got to acknowledge reality first, then try to make the case that the gains could be even greater in some alternate scenario. I did offer a solution. In fact, my concerns are slowly and indirectly being addressed. Besides, I didn't claim Bitcoin is "fatally flawed." I claimed the current version doesn't address the needs of a currency very well. So far, most of the development has focused on the payment protocol and virtual commodity exchanges. Only now are currency issues being addressed in things like "colored coin" and "master coin," both indicative of usefulness as currencies, hence the terms 'coins.' They will play a large part in addressing the psychological factors needed to be acceptable as more than a commodity as a full-fledged currency. Listen to the critics of Bitcoin sometime and don't be so dismissive when they say it's not "backed" by anything. Surely they are not experts on the subject, but their sentiment is worth noting. Currencies are indeed "backed" by their history and infrastructure used to establish their value. They also have their "network effect" so often claimed by Bitcoinia. Their currencies are not just backed by faith, but also by established rules such as "legal tender" and taxes that limit wealth aggregation. Bitcoin does have a clear advantage, and that is math. Bitcoin also has a lot of catching up to do in all areas of finance that have been claimed by countless other financial instruments besides currency, such as ownership and economic controls. Again, these will be easily addressed mathematically, transparently, and fairly. |
|
|
|
|
I am so sick and tired of Flat Earthers.
|
|
|
|
Bitcoin and anything like it are more of a digital commodity, currencies are coming, we will see very soon what a proper currency is suppose to look like.
Bitcoin is a digital commodity and also a currency. They are separate features. The commodity aspect is supported by exchanges.the currency aspect needs further development. If exchanges are ever completely outlawed, then it will need a decentralized method of establishing value as a currency |
|
|
|
Cbeast I must admire your writing skills in articles. I have seen your article and must say you are highly knowledgeable person in business field. Shall be waiting for your more articles as they are full of high quality knowledge. Thanks for all your research and writings.
thank you. Though my parlance is coarse and composition terse, I try to share my understandings with passionate brevity. |
|
|
|
|
Just watched a Wall of Intimidation Tsunami.
|
|
|
|
|
Mr 550 Buy Wall, meet Mr 570 Sell Wall.
|
|
|
|
|
Looks like we are about to see a large price swing down and then up.
|
|
|
|
//# HOW MUCH will Bitcoin can go down ?
Zero ( zero; BrE: /ˈzɪərəʊ/ or AmE: /ˈziːroʊ/ ) ... nap
That can only happen if and only if the protocol is broken. That is very unlikely. Someone somewhere will always mine, and someone somewhere will always covet bitcoins. Even if a New Coke comes out, some folks will always want the one and only original. |
|
|
|
|
Remember, it will go way up. Eventually. Someday.
|
|
|
|
|
Fixed the subject for you.
|
|
|
|
That's because he's a flash in the pan. He didn't even work for the NSA, he worked for a contractor. Any information he's entrusted to that Glenn Greenwald that has yet to be released, the NSA is already aware of. The NSA monitors all contract agencies and delegate work to them which may be classified, but issues of national security remain within agency.
He's not a hero but I don't consider him a criminal either. He gave people a blurry glimpse into the NSA's activities and now he's stuck doing IT work in Moscow. He'll never be able to leave Russia for the rest of his life unless a future president offers him a pardon. I don't think I'm the only person who already suspected the information in the Snowden links had been happening for a long time.
Was it worth it, Ed? You haven't changed shit, you've only generated discussions and a recent federal ruling disapproving of NSA spying techniques. Here's the thing, no amount of legislation short of the FISA court has any authority in telling the NSA what to do. Even going through that channel is a formality, FISA normally approves all surveillance requests presented.
The NSA's intelligence programs saves thousands of lives every year, foreign and domestic, from dangerous situations that you'll never hear about. This doesn't mean I approve of domestic data collection but since it can't be stopped, I choose to focus on defending myself from it when engaging in activities that are legally questionable and given that I'm a citizen, there's not much to worry about.
I won't trade security for privacy, instead, I'll take the security while continually refining strategies to protect my privacy.
This is what everyone who is worried about the NSA should really be worried about: Local police departments have access to something called a Stingray, a $400,000 device that collects "tower dumps", information collected by a targeted cell tower or towers during a specified time frame, providing data on all traffic relayed through the tower. Numbers, dates, times, speech, text messages. It can even set up a sort of honeypot cell tower, tricking all devices in a certain radius to connect to it by default before the signal is relayed to a real cell tower. The equivalent of multiple real-time wireless wiretaps. This is what I want to protect myself against, not the NSA.
I want to protect myself from 24+ font size. Done. Rainbow Text Created at http://freebitcoinfaucet.com/bbcode |
|
|
|
|
Anytime Bitcoin is in a fire, it just pisses on it until it goes out.
|
|
|
|
|
Each wave gets bigger and bigger. I want to believe that it will stabilize, but that probably won't happen until we reach near 100% global saturation in every financial sector. Each major business, nation, asset class, market, etc. that adopts Bitcoin will create speculative waves. They will grow and grow until we see bubbles in the 4,5,6,and maybe 7 figure or higher range.
|
|
|
|
|
They are not bubbles. They are tsunamis. The first sign of a tsunami is all the water pulling away.
|
|
|
|
|
The first sign of a tsunami is all the water pulling away.
|
|
|
|
There is no psychological functionality built into the Bitcoin protocol. I didn't get that part even after reading your previous threads. What exact "psychological functionality" does Bitcoin need? That's a complex subject, but lets start with faith in the money. They put shit like all-seeing-eyes and eagles with olive branches to make it feel magically endowed with purchasing power. They also set government fees and taxes as a base for "backing" the currency as relative to those taxes. They create tax brackets based on what they want the currency to be worth. Most of this is unintended consequences, but very effective. They use math to determine these factors. Bitcoin needs to be psychologically backed by the faith of its users to have some assurances that the value is relevant to something even it's only the rolling average. Markets can still trade freely, but people will be less inclined to believe that Bitcoin is less stable than fiat money. |
|
|
|
|
Show Posts
