Great thread - it's my experience as well that the bitcoin community at large has a higher level of intelligence, and most importantly, a better sense of awareness. Why? This is fringe community, it's not a place for the sheeple to congregate. To jump into something revolutionary and outside the norm, it either takes courage, anger, or smarts. Or all three. As a rule, those that dare to help create new systems for others to follow are smart enough to see the big picture, and to conceive of ways of doing things that improve upon what already exists. Bitcoin is a community of leaders, for the most part (at least for the time being), and those folks tend to take a high IQ with them as they lead the charge. It's one of my favorite aspects of this group - we think for ourselves, overall, and it's a beautiful thing.  For some reason when you open a thread about intelligent people it immediately attracts all the trolls/stupid people. |
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there was a company that had a mining pool that anyone could join and all hashing rewards went to buy goats for charity. this was a very noble idea until the maths came to reality. the mining pool was quoting that it cost in the region of $120 for a goat. it will donate 100 percent of the proceeds to Heifer International, which provides animals to families to help alleviate hunger throughout the world. For every $120 raised through the Bitcoin mining, they’ll be able to send a goat to one family. yet the reality is that it only costs $25, through the same suppliers that the guys doing this project intended to use. this basically meant that hashing power was only 20% affective of helping the world and 80% at making profit for the project/pool opperators. and the name of the people behind this noble cause that turned into a sham coinlabI am curious what are your thoughts on organizations such as Save The Children that only give about 20% to the actual children and take the rest to travel around the world, sleep in 5 star hotels and "promote the cause" or charities becoming an industry in general? Charities are only done when they are profitable, you could have an earthquake in one place and dozens of charities willing to help then the very next day you could have a charity in a totally different place and no one will even mention it due to a low profitability. |
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Isn't putting people down typical of people who are not intelligent?
There is no more a causal or statistical connection between IQ and politeness than between human activity and climate change. Only a fool would entertain either obviously stupid notion. Only a blithering idiot would think whining about "putting people down" is an effective deflection from the truth about volcanos' massive output of CO2 and toxic chemicals. Can't rebut the message? Attack the messenger by implying they "are not intelligent" because they insulted someone you agree with! Works every time, unless you happen to get called out and mocked for it.... I do not agree with him at all I am simply against putting people down. |
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Looking down on this planet, you observe that all over the earth, smokestacks volcanos are pouring carbon dioxide and toxic chemicals into the air. There Mr. ManBearPig, I fixed it for you.  'It' being your anti-industrial, neo-primitive, faith-based, anthropomorphisizing, scientifically illiterate fucktard BS. Isn't putting people down typical of people who are not intelligent? |
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Wise words, comparing Bitcoin to even the most valuable currencies such as the Norwegian Krone or Singaporian Dollar is like comparing a roll of toilet paper with fancy faces printed on it to a bar of solid gold with embedded diamonds, never mind comparing it to the (LMAO) 'Murican Federal Mafia Reserve notes. |
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The prices are much, much better than any hosting providers that exists or will exist in the near future, I am still curious as to the reception of the public.
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I would consider it - I'm already paying for my WordPress blogs with BTC. My current web-host has been good, but it is a tad slow. (See for yourself - http://www.levell.net). I'm working on a new Bitcoin web-site that will need Apache, PHP, and MySQL. If/when it takes off, I'll probably looking for a faster server than what I've got. How much are you paying for the current one? |
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Looking down on this planet, you observe that all over the earth, smokestacks are pouring carbon dioxide and toxic chemicals into the air. So are the dominant beings who run on the roadways. But carbon dioxide is a greenhouse gas. You notice that the amount of it in the atmosphere increases steadily - year after year. The same is true of methane and other greenhouse gases. If this keeps up, the temperature of the planet is going to increase. Spectroscopically, you discover another class of molecules being injected into the air, the chlorofluorocarbons. Not only are they greenhouse gases, but they are also devastatingly effective in destroying the protective ozone layer.
You look more closely at the center of the South American continent, at a vast rain forest. Every night you see thousands of fires. In the daytime, you find the region covered with smoke. Over the years, all over the planet, you find less and less forest and more and more scrub desert.
You look down on the large island of Madagascar. The rivers are colored brown, generating a vast stain in the surrounding ocean. This is topsoil being washed out to sea at a rate so high that in another few decades there will be none left. The same thing is happening, you note, at the mouths of rivers all over the planet.
But no topsoil means no agriculture. In another century, what will the earthlings eat? What will they breathe? How will they cope with a changing and more dangerous environment?
From your perspective, you can see that something has unmistakably gone wrong. The dominant organisms are simultaneously destroying their ozone layer and their forests, eroding their topsoil, and performing massive, uncontrolled experiments on their planet’s climate. Haven’t they noticed what’s happening? Are they oblivious to their fate? Are they unable to work together on behalf of the environment that sustains them all?
Perhaps, you think, it’s time to reassess the conjecture that there’s intelligent life on Earth.
People that think that we are of ANY danger to earth are hilarious, Earth may have summoned us for the sole purpose of creating plastic and greenhouse gas, could be that earth didn't know how to create it naturally so it summoned us and let us go through the whole process of evolution just so plastic would become a part of it. One thing for sure, Earth has been here billions of years before us and it will stay here billions of years after us. |
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By page five they began to explore the definition of the terms in the original question. That is intelligent behavior, albeit belated.
As for the wisdom thing - it is said that "intelligence" is knowing that a tomato is a fruit and "wisdom" is knowing not to use tomatoes in a fruit salad.
In that vein, intelligence might compel us to want to comment on a thread like this, but wisdom would tell us not to bother.
This troll-bait thread has its moments though. People keep insisting on making thoughtful, serious comments. Is that an intelligent thing to do? For 10 extra points, why(not)?
Isn't intelligence not what you do when you know but what you do when you don't? |
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I have the possibility of pursuing the founding of a Bitcoin company that would provide cheap, reliable dedicated server hosting. Prices are as follows:
DS-1:
CPU - Intel i5
Cores - 4 cores at 4 threads
Freq - 3.1GHz
RAM - 8GB
Disk - 2x 1TB SATA2
RAID - SOFT - 0/1
Connection - 100Mbps, 5TB traffic/month
Price - 0.95BTC/Month
DS-2:
CPU - Intel Xeon E3 - 1342v2
Cores - 4 cores at 8 threads
Freq - 3.4GHz
RAM - 32GB
Disk - 2x 120GB SSD
RAID - SOFT - 0/1
Connection - 100Mbps
Price - 1.7BTC/Month
DS-3:
CPU - Intel Xeon E5 - 1620
Cores - 4 cores at 8 threads
Freq - 3.6GHz
RAM - 64GB
Disk - 2x 2TB SATA3
RAID - SOFT - 0/1
Connection - 500Mbps
Price - 2.8BTC/Month
My only issues are:
1.) How to stop Bitcoin users from hosting illegal content and misusing the servers for illicit purposes? I do not want to suffer the legal responsibility and financial loss, for this purpose I will need to screen every user, I can either:
A) Limit every user to a minimum of a 3 month package, this way if he gets caught there is some financial loss on his side and hopefully that will discourage renewing the service under a different fake name etc.
B) Sacrifice the anonymity of every user and call every person up, have a chat, ask a bunch of questions, ask for a copy of government issued documents etc.
2.) Is there a big market for people looking to purchase servers with BTC? Would YOU purchase a server? Would you recommend us to a friend?
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I've been seeing so many stories of people who had their bank accounts frozen or shut down because a bank wasn't prepared to take the risk regarding AML
If this happened to be your main account where you receive money, this could be a big problem. Therefor, wouldn't it be a smart idea to advice people to create a separate bank-account to receive money made through Bitcoin-channels? Either receive the transfers from your exchange account or BitPay account. In that case only you Bitcoin-income will be affected and the rest of your business can still operate.
The only banks that close accounts that deal with BTC are banks like Chase bank and other small american ones and for that I applaud them and encourage them, every bank has assets and liabilities, if the bank has safe and healthy liabilities then your savings in that bank are safe, the ratio is called the bank's capital ratio and it represents the banks margin of safety in the event of a crisis, unfortunately banks such as Chase will usually hold about 2% like any other western bank, on the other hand the central bank in Singapore holds 7.2% and Norway's holds 23.3%. Move your assets from thieving tools and realize that storing large amounts in fiat is bad to begin with, it's like buying into the stock of a company when the SEO is a drug addicted pedophile that murders people systematically. |
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I thought it was only a few $100k?
Point is that it wasn't 20+ million and they wouldn't get him unless so many people would push so hard, needless to say that if that happened with fiat it would take 1% of the effort. |
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I've never seen so many con men and marks together in the same place.
The Bitcoin world has reproduced in miniature almost every financial scam known, from pump and dump to blind pools to bucket shops to front-running. There are plenty of marks on here who have no clue how to recognize a con game. It's embarrassing.
I have to agree! It's like watching the math department flocking into a Vegas casino. So innocent. So unsuspecting. So hilarious! I think the stated size of certain scams were wayyy overestimated. PirateAt40 made off with 500,000 XBT?Bullshit. Those people are misinformed. It's actually 263024 BTC. Only 263,024? That's only about USD 26 million... Of course at the time he cashed out at 3 million USD and got caught laundering that.... |
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You all seem to be talking about two different things. One of them is sweet, innocent and could never understand Bitcoin. The other is so intelligent and crafty Bitcoin is child's play to them because they can make men destroy civilizations.
When you all say girls I think of this:
When you say women I think of this:
Is that like one of those crazy conspiracy theories like that cats really rule the world? |
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OP if you don't know the difference between what money actually is and what the payment systems built on top of it are, then you really aren't qualified to be posting. Fiat doesn't magically equal fraud insurance. Fraud insurance comes as a service of your bank or credit card. And the police, since fraud is illegal. None of that has to do with the type of money you're using though. All of that could easily be built on top of bitcoin as well. What your post is actually saying is "bitcoin is harder to use because fewer people use it and less services are built on it". Well, no shit Sherlock.
Would police be just as willing to go against criminals who have stolen your "fancy virtual game coins"? History shows that no, they aren't, even if you know the identity of the thief the police will likely remain impotent simply because it benefits them in conveying the idea that bitcoin isn't safe. |
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I hear what you're saying, but ultimately the fiat system is unsustainable. Ask the people of Cyprus how safe money in a bank really is.
Don't get me wrong, I'm a huge advocate of BTC and the free market in general, I can see a distant future where we have blockchains for property, signing up for public services and so on, the state would have about enough taxes to rent a small office somewhere in Detroit since you would be able to subscribe to different companies that offer services such as protection/police fire fighters, health care/ambulances and so on without the gov coercing and bullying you into paying up. IMO a likely and sensible option would be to have a BTC account held at your bank (so they would look after your BTC for you).
Such accounts could be insured (at least in terms of the "fiat" equivalent of BTC that the bank was holding assuming that a heist occurred).
The real issue is that debt is always reversible in contrast to BTC, you can always go "Mhea" and wipe the debt clean. Seems like a viable solution, the only issue is that it would let the big companies choke the small ones, big pharma would be able to purchase medicinal marijuana for example and pay twice the amount for every dollar the marijuana pharmacy loses. Well, for one thing, that doesn't have anything to do with it being fiat. If you paid by cash, check, wire transfer, or money order, you'd be in the same situation folks are if they paid with BTC. One of the services provided to customers by credit card companies (hey, just because they are required to provide the service doesn't mean it isn't a service) is to reverse fraudulent charges. If some bank issued a credit card in BTC, they would be required (in the US) to offer reversals as well. Second, the company you're thinking of doesn't actually accept BTC. They have a third-party exchange which takes your payment in BTC and pays USD to the company. That almost certainly doesn't help anyone seeking a refund, but we're back to what you describe being a function of some business practices, not really related to fiat vs crypto. This sounds like a great case for escrow. Which would also prevent that company from being able to use the pre-sales income to do their research and development. Which is something I wouldn't cry over. Finally, as far as having BTC137K to keep safe, I hope I'm not being too naïve to think that that is a job for encrypted wallets. you're right; I wouldn't trust that kind of money to any of the online wallets out there. The only way someone is going to compromise my bitcoin account is with some drugs and a $5 wrench. LOL, can't tell if sarcastic or not. I think what we have noticed is that the people who purchased ASICS from scams using fiat were relatively safe since as soon as they were not delivered they could reverse the payment yet people who paid in Bitcoin were basically screwed, so I think that raises the question of whether the fiat system is superior in some regards, at least currently while the system is failing so many people.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
Only a retard will put 13M USD in BTC on blockchain.info Would the same retard store those 13M in a US bank instead of a much safer foreign one or better yet invest it in real estate, high tech or any other "real" source of wealth? |
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I think what we have noticed is that the people who purchased ASICS from scams using fiat were relatively safe since as soon as they were not delivered they could reverse the payment yet people who paid in Bitcoin were basically screwed, so I think that raises the question of whether the fiat system is superior in some regards, at least currently while the system is failing so many people.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
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Seems that you rarely stumble upon ignorant fools on here.
I admit, i havent been very active lately... Lol... |
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i think you are right. on other forms i can count the number of people who know how to make a rational argument on my fingers, and i cant count the fools on my fingers. here its the opposite, i can count the fools and cant count the number of people who know how to make a rational argument.
My point exactly, it's not seldom to see people blaming either: A) The Jews B) Ni--ers C) Israel On either of those for pretty much any problem anyone in the world has yet I have never stumbled upon a single thread like that on here, despite the fact that the forum isn't heavily moderated. People also seem to be aware of the need of decriminalizing controlled substances, stopping waging wars overseas, opposing the military industrial complex and are generally aware of how rotten to the core the system is on here. |
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