It is better for the attack to come from within rather than from the governments.
And how would you know that these patsies and muppets aren't being coerced or paid by govt or big corp aligned interests? The logic behind what they are constantly trying to do only makes sense in light of such. Absent of that, it really makes zero sense. |
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Wow Ibian...have some more rope man...
There is never enough rope. Would you like to verbalize your particular objections? Not directed toward your comment Ibian... But like I said, this is exactly why honest, thoughtful, and peaceful debate never occurs in our society anymore. Because people already have their minds made up, their positions solidified. They only use discourse to verbally assault, demean, condescend, and try to shut down the other person. So I wouldn't even bother discussing anything off topic here. |
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Mark Cuban is such a douchebag. That guy is so arrogant and full of himself. He makes big grandiose statements like only he thought of them with his brilliant mind, that absolutely trivializes everything about investing in Bitcoin as if it is all just a big fkn game of "greater fool" day trading. But he only applies this attitude toward things like Bitcoin, art, and collectibles. He doesn't apply it to the Great Big Casino called the U.S. Stock Market. Doesn't even apply it to precious metals, commodities, or other assets like real estate. He still has absolutely no idea what Bitcoin is or why it is revolutionary. And he never will, because he is too full of himself to actually do the deep research. He wants to sit atop Mt. Stupid along with the rest of the public and be a naysayer. Mark Cuban's face is definitely on my punchable list. |
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Why are people dumping before the Oct. 25 fork  Because nobody gives a flying fuck about Bitcoin Gold. Actually, some of us actually could give two fucks. But that's about it.  And why did they call it Bitcoin Gold? It has absolutely nothing to do with gold (e.g.- a coin backed by actual physical gold would make sense to be called Bitcoin Gold. But then it wouldn't have been Bitcoin at all w/o mining). It shoulda been called BitGPU TM, or something similar. Kids these days, they absolutely SUCK at marketing and branding. |
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Yeah, I really hate these PnDs that keep rising every $1k. My net worth just keeps going up and up.  I hope these PnDs don't keep happening years or decades into the future. |
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Stay far away from Ethereum. It's long term business model makes zero sense. And it's short term reason to exist apparently is to buy into ICOs, which 99.99% will be found to be scams and disappear.
Buy Bitcoin with two fists! The Bitcoin network IS the killer app!
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I call temp bottom at 5600, but I don't think it'll even get there. Here's why.
LedgerX reopens for biz Monday morning @ 9am EST. And they did $1M of swaps last week in their first days of business. So I think the push upward will resume.
I guess we'll see.
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It is interesting. These recently coined terms such as "social justice warrior" and "white knight" seem to be used as linguistic magic wands. Powerful spells the mere invocation of which should poison the well of ones opponent. Much like some earlier terms tiredly bandied about by those of a different political bent.
SJW is just the current word we use for communists and leftist political agitators. They are sophists who use word games to confuse their opponents, but if you see them for what they are and clearly point it out they got nothing. Like a hairless Samson. Hence the lovely "drop dead" I acquired a few posts up. Yeah not that it is appropriate topics of conversation for this forum thread. But it's really sad to me that in this day and age, no one converses or debates ideas, information, or thoughts anymore. They simply "proclaim" their position or beliefs on a matter, quickly label the other person with some label that implies a bucket or category of some opposite extreme ideology/point of view that doesn't even apply, and the whole conversation is immediately over before it even began. Hell it is so bad, that now even pre-teens, before they have even lived a life or had any worldly experiences, have already "made up their minds" about various topics or ideologies and will quickly shut down any discussion that makes them feel "uncomfortable." That's why blogging is so popular, because someone can vomit up some half-baked, ill-informed, emotion-driven opinion piece without any fear of fact-checking, rebuttal, or debate. Fake news comes to mind as well. The great philosophers of old and even America's Founding Fathers are probably rolling in their graves right about now. |
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I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.
Classic Ponzi behavior when the gig is up: "Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run."I guess no one reads or researches anymore.  You´re so far off, i can´t even begin to describe ! Please, sit down, and think about it, one more time . . . Ok, so I took you briefly off /ignore. Are you really talking to me? Because I could really give a shit who fell for this scam since I wasn't involved, nor dumb enough to play silly virtual games where you give the creator real money and in exchange he gives you back fake in-game IOUs. And then they wanna cry about losing their real money later.  |
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I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.
Classic Ponzi behavior when the gig is up: "Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run."I guess no one reads or researches anymore. |
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I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day? I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming. I like how smooth starts off that thread by casually stating that rpietila owes them all >500 BTC in unpaid debts.  Really guys? Ya'll gave him >$3M worth of BTC and he gave you back nothing but a virtual IOU? And no one ever considered this guy could have been a con artist from day 1 on this very forum? |
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I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day? |
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^^^^ Much better, awesome!  |
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I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting. At least no naked shorting, which is good enough in my book. Yeah, no shorting period. All collateral has to be "unencumbered" (meaning no liens against it, can't be leveraged against for other investments, etc.). They actually have a lot of rules that even most exchanges don't follow: No Person shall engage in any of the following activities in connection with or related to any Exchange activity:
A. any fraudulent act or scheme to defraud, deceive, trick or mislead;
B. trading ahead of a Customer or front-running;
C. fraudulent trading;
D. trading against a Customer Order or entering into a cross-trade, except as permitted by Rule 8.11;
E. accommodation trading;
F. fictitious Transactions;
G. pre-arranged or non-competitive Transactions (except for Transactions specifically authorized under these Rules);
H. cornering, or attempted cornering, of any Exchange Contract;
I. violations of bids or offers;
J. spoofing;
K. any manipulation proscribed under CEA Section 9(a)(2) or CFTC Regulations 180.1(a) or 180.2, whether attempted or completed;
L. demonstrating intentional or reckless disregard for the orderly execution of Transactions during the closing period;
M. making fictitious or trifling bids or offers, offering to enter into an Exchange Contract at a price variation less than the minimum price fluctuation permitted for such Exchange Contract under the Rules, or knowingly making any bid or offer for the purpose of making a market price that does not reflect the true state of the market; or
N. other conduct that constitutes a disruptive trading practice or is otherwise prohibited under CEA Section 4c(a)(5) or applicable CFTC Regulations. |
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Why should we happy with that? I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting. |
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I rather like that picture, but the slant angle of the "B" really bothers me.  Someone needs to fix that stat.  |
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I got a better idea. Let's publically harass, shame, and excommunicate people writing contentious Bitcoin hard forks that no one in the user community is even asking for. Let's run all the Charlatans out of town. |
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Moral of the Story:"If you are going to take a big risk in life, do not give a shit what other people think. And surely don't ask other people around you what they think, because they will most definitely shame you and completely talk you out of it. But of course later when you succeed, these very same people will applaud you for your brilliance and bravery."
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So a young family (with parents that are still young enough to go get jobs at any time if they fail) bets everything on Bitcoin, and everyone in this entire thread loses their shit at how irresponsible and stupid they are. But this guy invests $83K into Bitcoin during a 4 year period, even while the price is still falling, and yet he gets nothing but praise and applause today for his foresight and bravery? Not a single person on the thread telling him how stupid and irresponsible he was after the fact? https://www.reddit.com/r/Bitcoin/comments/77v4l2/after_4y_i_made_12x_on_my_bitcoin_investment_and/Amazing what hypocrites most people are. I guess the praise comes only after you were successful from taking a big risk, but you get nothing but derision when first taking a big risk? WTF people? I guess the OP family will be praised in the future as well if they too are successful? |
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ah doom's an impermanent thing. all in the end is bliss good luck with the new digs  Wait for the photoshop, I'll invite you all to Bitcoin Castle North. Risto's castle? lol Speaking of which, how's that guy doing lately? Haven't heard much since he headed off into Moneroland. |
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