I notice that nobody says that the next X minutes/hours are critical. Guess the last critical moments were in 400-300s huh?  Last critical moment for me was trying to get my bids filled at below 250 CAD. Everything since then is just smooth sailing. (Btw, everyone who enjoys music should go check out BitTunes. Most exciting project involving bitcoin that I've seen thus far.) |
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Order #121xx bonus shipping notice recd. for delivery on the 23rd. My Mileage Varies Widely  Just had a nice delivery guy drop off a gift today as well... I never thought in a million years they'd actually ship the bonus miners. |
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I'm new to the forum. I about left to never come back but just realized how much nicer it is later at night after the children/trolls go to bed.
This thread is probably the most liberally trolled and least moderated place on this entire forum. You should assume that everyone in this thread is talking their own agenda. That being said, if you can develop a personal filter, or a "thick skin", this is also a place for some good loolz and some epic gifs. Price goes up. Price goes down. The wall observer simply exists to bitch and moan about it. |
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Get your fiat cannons ready, gentlemen.
Now that virtex closed down, I got no where to fire the fiat cannons,  |
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I bet it has to do with their fucked up bitcoin IPO. Kill the company, restart with new money backers and new name(s), no bitchy 'investors'. The stated reasoning is ludicrous imo.
This is the only thing I've heard that makes any sense. Close up shop, then file for bankruptcy before the lawsuits come pouring in. |
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Could people just stop quoting trolls. Including oldtimers.
I have said it before. We have the trolls we deserve. And it is your fault.
You're right. I apologize. |
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make money or starve to death
That's pretty much the way things work. You can try to force the ones that make money to pay for the needs of those that don't, but in practice it doesn't turn out well. |
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Bitcoin at least provides an accurate ledger of who owns what. The current system has hopelessly obfuscated ownership of assets in a cascade of derivatives.
I'm glad that you enjoy knowing that 1LolIStolededURCoinzKthxBai has your Bitcoin. Good luck doing anything with that Haha, Ummm, wut? Did bitcoin get hacked? The protocol got broked? I control the keys. No one can move the coins but me. If you are uncomfortable with being responsible for the security of your own finances, then by all means, feel free to entrust them to a third party. No. Bitcoin doesn't need to be hacked for you to lose your coin. Was Bitcoin hacked when Pirate owned you? When TradeFortress owned you? When MagicalTux owned you? When stamp got pwnt? When this, latest "exchange," allegedly got owned? But sure, your coin is perfectly secure. Just don't try to use it. Lol, settle down buddy, Every single institution you just named required you to voluntarily hand over control of your bitcoin. You're getting quite aggressive today. Perhaps it's time for a nap? |
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So everyone reading this forum should just believe that a non scalable, irreversible (0 consumer protection), very-easy-to steal, ridiculously volatile, bullshit distributed, china megamines powered pyramid scheme currency is gonna suddenly replace every fiat currency, central bank, need for monetary policy etc?
I think everyone reading this forum should be free to believe whatever they want. Isn't it wonderful? If you don't like it, you can get the fuck out any time you choose. Cheers. |
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Bitcoin at least provides an accurate ledger of who owns what. The current system has hopelessly obfuscated ownership of assets in a cascade of derivatives.
I'm glad that you enjoy knowing that 1LolIStolededURCoinzKthxBai has your Bitcoin. Good luck doing anything with that Haha, Ummm, wut? Did bitcoin get hacked? The protocol got broked? I control the keys. No one can move the coins but me. If you are uncomfortable with being responsible for the security of your own finances, then by all means, feel free to entrust them to a third party. |
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Bitcoin at least provides an accurate ledger of who owns what. The current system has hopelessly obfuscated ownership of assets in a cascade of derivatives.
nope, it merely provides transparency, but the ownership is even more obfuscated. Hmmmm, ok. More specifically, it provides proof of ownership. If people ever try to cash out of their paper promises en masse, they will find that many of them will end up claiming ownership of the same physical assets. Undeniable proof of ownership is what the blockchain enables, and what makes it interesting. |
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shmadz:
Do you really buy into that r/bitcoin ballistic nutjob manchildren bullshit? For real?
That "fiat is corrupt, bitcoin will save us" stuff is a clumsy attempt to pump bitcoin by late adopters, gullible get-rich quick fools and really bad amateur investors.
And even if you believe that the fiat system is not perfect, bitcoin is a joke in comparison, not a solution.
Everything that surrounds bitcoin and crypto in general is more corrupt that anything I have ever seen in my life. lol
Get off that hopium and kool-aid, son. Seriously.
Yeah, sure, why not? I don't read reddit, but I've believed that bitcoin provides a mechanism that could provide a way for society to escape from under the clutches of the global central banking cartel ever since I first read the white paper. If you don't feel the same way I'm not sure why you would bother to read this forum? |
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The reason for limiting the size of the block is to maintain the incentive for the miners. No that is a purpose some people have invented after the fact. The purpose of the 1MB temporary restriction was to limit the potential damage caused by bloating or spam attacks. For essentially its entire history Bitcoin has effectively had an unlimited block size. If the total txn volume is 100KB and the block size is 1MB then the block size has no effect on fees at all. People paid fees to get timely inclusion in a block. We have never had a period of time where there were more txns than potential block space. Sure, but what happens when the block reward is cut to 12.5? Or 6? Or 3? I'm just saying that mining must be financially incentivized to act in a manner that protects the integrity of the blockchain, otherwise the whole thing will fall apart. |
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OK. Enjoy your fiat. I hope you receive all that you deserve.
Did you hold through this entire yearlong+ plummet or what? Yup! Just mining and holding. It's not like I've got a life-changing amount of coins anyways, even if the price gets back to a thousand it still won't change much. |
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"When money ceases to be the tool by which men deal with one another, then men become the tools of men."
Your waifu can't write for sour apples. But sour apples make the best pies. 
OK. Enjoy your fiat. I hope you receive all that you deserve.
man, with fiat at least you have an opportunity to survive a system reset, after a hyperinflation and that shit... with bitcoin reset you dont stand a chance. Bitcoin at least provides an accurate ledger of who owns what. The current system has hopelessly obfuscated ownership of assets in a cascade of derivatives. |
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There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its potential impacts on a globally corrupt and immoral financial system. Nothing is being impacted. If anything, the very thing you're attempting to impact is in the process of assimilating your "disruptive" technology. What I'm trying to say that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so. Do you believe in the "welfare queen" myth, too? Err, rambling, sorry. No you're not. It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest. Oh those poor productive hard-workin rich folks who randomly dumped $500 into bitcoin so they could have extra purchasing power on hand for their next ounce of weed. Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious?
Stop reading shitty novels. OK. Enjoy your fiat. I hope you receive all that you deserve. |
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^Say it with anything you want, just don't try for the moral high ground, money changer.
Fuck the moral high ground, let's fight it out in the trenches. <feel free to insert that picture of that poor kid wetting himself here> Money changers exist to allow people to exchange good money for bad, (And vice-versa, as needs require) "When money ceases to be the tool by which men deal with one another, then men become the tools of men." |
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This sums up rather nicely the reason why I often post the phrase "as low as possible for as long as possible"
I wish that life were fair. I wish that everyone could be rich. I would like the price to go back to 2 dollars or 2 cents so that everyone could get their "fair share".
Unfortunately, life doesn't work that way. We are all responsible for our own decisions. (And, apparently, the decisions of the politicians we elect)
Life ain't fair. If you don't like it, tough shit.
Are you really trying to say that buying at <$2 -- and getting insanely, incredibly lucky to make a fortune off this massive bubble -- makes anybody a financial genius? It turned out to be a good decision, but best believe it was mostly lucky. I'd say the biggest geniuses were the whales who made the "decision" to get the fuck out at the top while the suckers were still willing to buy. No. There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its inevitable impacts on a globally corrupt and immoral financial system. What I'm trying to say is that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so. Err, rambling, sorry. It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest. Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious? |
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yeaaaah it's important to remember that there are like ... a couple thousand people ... like less than 5000 people ... who were involved in bitcoin in the sub $2 land when it was totally unknown when there was zero press zero exchanges zero merchant acceptance zero infrastructure and zero purpose for it ... and there's like now hundreds of thousands of victims investors now ... so it's critically critically important that those people who own tons of btc for zero investment continue to convince everyone else it's worth *anything* at all ... the vast majority of people who are not the core base super early fanatics have lost ... and lost badly ... simple ... obvious ...
This sums up rather nicely the reason why I often post the phrase "as low as possible for as long as possible" I wish that life were fair. I wish that everyone could be rich. I would like the price to go back to 2 dollars or 2 cents so that everyone could get their "fair share". Unfortunately, life doesn't work that way. We are all responsible for our own decisions. (And, apparently, the decisions of the politicians we elect) Life ain't fair. If you don't like it, tough shit. Your statement that life is not fair and if people don't like it tough shit is arrogant elitist and offensive. Your other statements on how you wish life were fair come across to me as completely ingenuous. If we ever have a revolution , a real revolution , not the 60s hippy bullshit revolution , people like you (i am *assuming* you are rich) will hang from the lampposts. How about all the workers poor aka the majority of all the people go to city hall pour gas on themselves and flick that lighter ? No more slaves and the elites have their shiny marble covered in burnt guts sounds like how life should be huh ? Fuck you sicko.lul wut?  No kidding, that's some crazy projection bro. |
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Bitcoiners, be sure to cheer for every pump and make fun of the "beartrolls" before the next low.
Thank you for the advice! I await the "next low" with great anticipation! |
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