where there's money there's criminals ... same as it ever was. Wall st. is chock full of fraudsters, all the way to the top. bitcoin gives you the power the take control back out of the criminals hands, its doesn't absolve you from idiotic thought or responsibility, unlike fiat. |
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discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system
Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc. An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.  PS: I agree by the way. ... and what are you doing to make the world a better place? Trying to fix all these glaring flaws you brilliantly found in bitcoin? Proposing and building an alternative monetary system? No, wait, you are spending endless hours posting negative diatribe and vitriol on a out-of-the-way backwater thread for penny traders of digital currency you hate the entire concept of ... must be some kind of personal hell or penance you have committed yourself to for past sins, atonement, masochism, mental health issues? |
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discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system
Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc. An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet. i wouldn't place much stake in any technical opinion you might have 'professor' ... just fwiw. .. with the few technical interactions we've had you strike me as exactly the type the current academic institutions produce. Mediocre caretakers at best, a revolutionary technology is a direct affront to your unearned status, and probably outside your limited comprehension skills to boot. |
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Glad to see that vague narratives that don't even apply to BTC are still used by pumpers to summon greater fools a new bull market.
But...the ETF? Personally i feel the ETF is for the weak that cannot muster the ability to look after their own money ... sounds perfect for the types wall st. likes to prey upon ... you know the marks people you shills herd towards them. ... but bitcoin is insidious and irrepressible, like all the best ideas, it will keep seeping back through the cracks and open windows until the monetary prison wall st. has built crumbles and can no longer contain truth from the debt-slaves prisonersdiscrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system, it may seem like the right thing to do for old fat encumbents in robes who perform weird ceremonies and incantations ... but ultimately they are farting against the thunder of history and be made to look like complete idiots with a little hindsight, ask Galileo |
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wow ... didn't take much of a rattle to get the trolls out their cages today!! trololololol
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Surprised by the dearth of knowledge, marcus_of_augustus, you've been around long enough to know better surprised you would be so lame as to think anyone (incl. me) would compare havelock with wall st. ... wtf are you smoking? |
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Just an example of society trying to protect itself. How many people have to be financially knee-capped before ethically-minded early adopters come to terms with the pump and dump Bitcoin is by nature?
basically you are an apologist for the myriad of wall st. crimes and you hate bitcoin because it is sound money ... ok thanks for telling us, now you can piss off. DUDE! Hold the phone. I have no love for Wall Street OR myopic Libertarians whose heart would be broken if they knew Ayn Rand lived on Social Security for 8 years. I believe consumer protection is important. That's all Edit: maybe this was a general statement directed at ethically-minded early adopters. If that's not you, then you kindly piss off. Jack! 'consumer protection' is just another racket foisted onto unsuspecting public by grifters through beholden politcians and bureaucrats who love any excuse to stick their nose (and money-sucking funnels) into your business ... can't believe people like you still naively think anything to do with government is actually helpful after all the evidence that has now been presented in the public domain by the Internet (yeah that thing they keep trying to coopt, twist and shut-down) |
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Once again rumors of the death of cryptocurrency will prove unfounded. In an era where politicians and management consultants alike spout an obsession with ‘innovation,’ alas they tend to turn skeptical as soon as a genuinely new way of doing anything is staring them in the face! With so many analogue legacy stakeholders eager to continue exploiting the currency status quo, unsurprisingly the arrival of a genuinely revolutionary upheaval in money is viewed with suspicion amongst those with so much to lose. Bankers (both central and ‘commercial’), politicians and large corporations tend to regard Bitcoin as a nasty inconvenience to their self-interested pork barrel approach to prosperity.
The problem for legacy players is that price is only one aspect of the complex bitcoin equation. Besides, the big business/big government nexus is poor at process innovation - as those who watched them endeavor to ignore or belittle the initial rise of the internet itself can readily attest. http://rt.com/op-edge/218915-bitcoin-cryptocurrency-revolution-innovation/ |
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Just an example of society trying to protect itself. How many people have to be financially knee-capped before ethically-minded early adopters come to terms with the pump and dump Bitcoin is by nature?
basically you are an apologist for the myriad of wall st. crimes and you hate bitcoin because it is sound money ... ok thanks for telling us, now you can piss off. |
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so bitcoin ETF for the new year it seems then.
Ya. Wall Street will save us   no, wall st. will save themselves ... just happens we built the liferafts and are selling the boarding passes  greed and fear, we'll shove it right back down their throats I think you underestimate Wall Street. Unlike most Bitcoiners, they know a pump and dump problem when they see it and have regulations in place to mitigate the damage hahaha wall st. has regulations to deal with pump 'n dumps! like MBIA, MBS, CDO's and Treasury Bonds I guess you mean? you're a comedian right? Like, for example the Dodd-Frank Wall Street Reform and Consumer Protection Act. This is post-financial crisis like no-one gets prosecuted for GS "ripping the faces off the muppets"?? or for the Fed. Res. blatantly ignroing wrong-doing and firing anyone on the inside for questioning GS accounting and legal practices?? like congress amending GAAP laws for mark-to-model so that technically insolvent corporations and the criminal CEO's operating them can be kept 'above' the law'?? the place is soooo rotten and corrupted it is beyond help, wake up fossils that sucker is going down and you do not want to be a part of it ... wall st. insiders have been heading for the exits and making plans like busy little rats regulation and laws are meaningless when the actors behave above the law and the regulators/enforcers are bought and paid for, you are pissing into the hurricane with Dodd-Frank (both of whom were irrevocably compromised by wall st. funding btw) Wall st. is beyond help, the only thing that will change them is a truly better technology that makes them obsolete ... that's why they hate bitcoin and spew their vitriol ... it is also why they WILL adopt. |
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so bitcoin ETF for the new year it seems then.
Ya. Wall Street will save us no, wall st. will save themselves ... just happens we built the liferafts and are selling the boarding passes greed and fear, we'll shove it right back down their throats I think you underestimate Wall Street. Unlike most Bitcoiners, they know a pump and dump problem when they see it and have regulations in place to mitigate the damage hahaha wall st. has regulations to deal with pump 'n dumps! like MBIA, MBS, CDO's and Treasury Bonds I guess you mean? you're a comedian right? |
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so bitcoin ETF for the new year it seems then.
Ya. Wall Street will save us no, wall st. will save themselves ... just happens we built the liferafts and are selling the boarding passes greed and fear, we'll shove it right back down their throats |
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so bitcoin ETF for the new year it seems then.
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Not until the insane bit inflation ends
It gets lower and lower with each halving. Reward-Drop ETA: 2016-07-31 07:48:42 UTC (82 weeks, 5 days, 12 hours, 40 minutes) It's coming sooner and sooner each day as the average block generation rate is under 10 minutes. By then the adoption will be amazing as well. adoption will come in waves. Bit inflation is now around 10% (annualised rate) and dropping. I.e. Already harder than some nation state fiat currencies. |
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Great post OP and interesting points.
One small correction, there is a "3rd party" involved in the transfer of bitcoins, that of the bitcoin network itself, miners, relaying nodes, etc. However, as long as your TX abides with the protocol the intervention of that '3rd party' is very limited and highly improbable.
Cash, or any bearer instruments are, imho, a more pure form of money, with less encumbrances and more highly fungibie in general. Also keep in mind blacklists of serial numbers for certain stolen notes, tokens etc are anti-ledgers that reduce 'cashness' for some systems.
Of course, cryptography opens up many new possibilities for alternate forms of ownership, 'cash' and monetary properties once concepts like valuable immutable data and money as a content type are absorbed.
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Stolfi, NotLambChop and co. are not here to convince, you, I and other bitcoiners who already know it's revolutionary value to be true. They are here to pollute the waters for the new and curious that come seeking truth, wisdom and knowledge from the bitcoin well.
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Happy Holidays.
May The Best Of Last Year Be The Worst Of the coming new Year.
Hear, hear. Good saying that one. |
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As a difficult, but early year in the emergence of bitcoin comes to a close - it continues to prosper into a more and more powerful network. The units themselves being described as worthless at only $320 by people apparently unaware of what $320 can buy.
If a blockchain can become healthy it will represent a huge amount of power - belonging to a necessarily huge number of people whose interests are simple yet predictably consistent.
Absolute domination becomes inevitable for the world's first and most sought after real change to the old, creaking, bloated, largely inaccessible, reckless and ultimately unnecessary banking paradigm. Not because it replaces it, but because it isn't constrained by limiting factors that have been overcome thanks to the internet and the solving of the Byzantine General's problem.
The anti-fragility of simplicity cannot be questioned.
Not a cult, not a cult, not a cult! yes, and those internet users are such cultists too. |
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How do we know Warren Buffett isn't investing in BTC?
If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.
Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech. Join the dots, the guy speaks with forked tongues on many markets. |
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