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OP, tell your friend to grow the fck up. All the education they got have failed them miserably.
They should cry about APPL share also.
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But not everyone always pays attention to techy things, if people are going to introduce others into the bitcoin world they need a basis to start from. Not a lot of people in 2011 probably even knew what it was or how to get it. Of course jumping on the bandwagon now is kind of dumb because of how high priced they are and how difficult mining or getting any is.
Why even open your mouth to prove the world that you're dumb? Its the same thing ppl said in 2011: $11 for a btc? are you dumb? it was only $.01 in 2010. Now i cant even buy 1000btc OMG..... Also if mining is still easy, would the price still be at current level? Are you that stupid to not understanding basic economy? |
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My father is the CEO of the biggest Internet services company and i approve this thread 100% .
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i'm sorry but who the fck is he? and why the fck do we care?
Hes probably just regretting of not buying in while the price is low.... Typical for these haters to "turn around"
After all , they only care about "making money", "profits"....
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Is this a possible solution for China?
uh,..... HELL NO. LOL whoever sells vouchers will be shot or sent to concentration camp where they're waiting for organ harvesting. |
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Sucks what is happening there currently as we can't get alot of people fighting for their freedom focus on the bitcoin but instread they have way more important things to do.
actually as the turmoil happening there, wealth is one of the most concerned subjects. Rolling out ATM all over the country can not be at any better time but NOW. btw, you dont buy btc directly from the ATM (meaning no wallet addresses being exchange at the terminal). You buy voucher which can be used to buy BTC online. Its an extra step but very reasonable as the regular ATM isnt equipped for btc wallet. |
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My only response is... buy now while you can still afford it.
You meant ... CCMF ? |
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if theyre really as bad as all that why disband them when you can simply discredit them
+ no 1 can disband them.... i mean thats all kids talk Just discredit/ignore them completely. Dont even report anything they do or pay any attention to them. |
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wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
Wow. Do you even know who Dmitry is? Don't forget, we are all real people here. Before you go about being much ruder to someone online than you would be in real life, think about who you're talking to. Otherwise, you are just going to end up looking uninformed...as in this thread. Anyhow, Rassah -- I didn't connect the dots between decentralized exchange and this Brock backed venture. You make a great observation. Very good news for Bitcoin indeed. Say a BF member..... why i'm not surprised. In the OP, he drools about decentralised exchange while talking about a complete centralized IOU which exposed to power corruption. Having extra transparency does nothing if its still at the mercy of whoever control/issue the IOUs. Lets say Brock decides that your Realcoins arent "clean" and tell you to suck his dick.... Bitcoin doesnt need a fiat-IOU. Infact this doesnt solve exchange centralization at all. The problem is regulation. Exchange USD or dollars or fiat directly with bitcoin means all the regulatory laws are already clear and set. |
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I don't think your quite getting what my intentions were and it wasnt to act as a "fucking salesman". I let him know all the beneficial reasons that bitcoin is about,and if he was interested how to get started. As as as i'm concerned there was nothing I said that was even remotely close to what a pyramid scheme is. What my OP was about is how the general people including ones who work for banks view bitcoin.
ofcourse their going to personally not like bitcoins because they think their jobs are at risk if people start using bitcoin and start not needing FIAT. its like a person at a farmers market selling naturally grown apples (now classed as organic so the GM apples can steal the term 'apples' to not have to admit they are GM, but anyways).. these organic apple sellers are worried that other apple sellers(GM) will make perfectly round, shiny, colorful apples that never get pests or worms eating them and able to sell them cheaper.. so organic farmers will shout to the heavens that GM foods cause cancer and turn you into lizard people. diverging back to topic.. my bank loves my bitcoin business and is fully aware, all because i explained the simple fact that when i sell bitcoins, it involves people putting FIAT into my bank account.. meaning my bank is making money. (conversations were longer and more indepth, but that was the simple version) I told Bank of America that I couldn't wait until bitcoin put them out of business... For like a million times, your hubby should chain you to the kitchen. You're too dumb to let you loose. Who talks like that? Bank is a business with their own right of their services, you dont like it fck off. |
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The primary problem with RealCoin is that it will confuse the heck out of everyone who doesn't already understand decentralized currency fairly deeply. All the bitcoin-as-currency naysayers who've been yacking about "separate the currency from the network" will look to RealCoin as proof that it can be done. What they're obviously missing is that RealCoin, by having its value backed in series by centralized entities (RealCoin, and the Fed), is not decentralized and therefore offers none of the meaningful benefits of a decentralized currency. You, in fact, cannot separate the bitcoin currency from blockchain technology while retaining the purpose of a blockchain: decentralized global consensus.
But that's not how it'll be billed, or how people will see it. They'll think that they can get the benefits of "bitcoin", or crypto-currency more generally, by using this RealCoin thing; ie, transaction security, quick payments across borders, etc. Trouble is, we can do that stuff with PayPal, Square, Venmo, etc....and much more efficiently!
Blockchains are a real pain. We only use them because they solve distributed consensus and we don't have another good way to do that. If RealCoin is going to "back"/peg something with dollars, they don't need a blockchain, and they certainly shouldn't be calling what they're doing "decentralized" anything.
If this thing gains any traction, it'll trigger a very annoying confusing period for bitcoin/crypto. It doesn't solve anything... People will still have to buy RealCoins with dollars on some fiat-crypto exchange. They could just be buying bitcoin. It *adds* another complexity layer and confusion. That's all.
FWIW, the fact that Brock Pierce is behind this only matters given his role at the *BITCOIN* Foundation. Someone doing the RealCoin concept has been inevitable for a while; just wish it wasn't someone who's supposed to be focusing on promoting bitcoin, as both technology *and* currency.
You're talking to much sense, his head will explode. |
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fiat cant back any shit... dumbfck.
Seems like some dumb shit does't understand the definition or concept of "backing." Oh well. Guess I'll have to find some sage guru to ask questions of elsewhere. LOL peg an IOU to a fiat and called it backing eh? Get the fck off already scammer. |
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The problem with this is that the incentives for miners to secure the blockchain would be missing. Even if miners earned a TX fee, they would almost certainly not earn any kind of block subsidy; since TX volume would be very low at first, there would be little reward for mining, making it very easy to attack the blockchain.
The blockchain is the Blockchain. This is not an alt-coin. Refer to my post three above. All you've pointed out was the IOUs can be secured (by blockchain) and traded without the issuer's intervention. But that still doesnt explain how to redeem those IOUs truslessly to actually fiat for normal transactions. Do you really trust the USD reserve? or human? Heck i can beat Brock by saying i have a gold reserve and issue IOUs for 1 oz of gold on blockchain. What a failed idea. |
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Learn to fcking understand what fiat is first...
And if you really some altcoin can be fiat in digital form while retaining the features of bitcoin, you're dumber than i thought.
Perhaps you can learn me what a fiat is? Or learn me something about how Realcoin doesn't have some features of bitcoin that I apparently talked about? Because I'm all dumb as fuck and don't understand these things. If you understand what fiat is, then you should know fiat cant back any shit... dumbfck. |
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wow reading some replies here and ...:facepalm:
You must be a moron to tell your friends to invest into something/anything.
Instead, you should only educate them about bitcoin while retaining from giving financial advice.
As for OP, stop pushing like a fcking saleman, You're making it looks like a pyramid scheme now.
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Crypto seems to roll off the tongue a bit better ?
And makes you sound like a retard trying to be technical. Bitcoin can be used as digital currency /end thread |
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wow you're dumb as fuck if you think realcoin is just fiat in digital form.
Since you're smart(ass), maybe you can explain to me what it is? Learn to fcking understand what fiat is first... And if you really some altcoin can be fiat in digital form while retaining the features of bitcoin, you're dumber than i thought. |
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wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
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Welcome to my ignore, OP. What a loser.
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"...and sold all of my coins in my wallet at $6 a piece"
I had ~100 BTC that I sold around $7.00, so I know something about how it feels. The "rally" from $1.9996 to ~$7 took so long and the price seemed pretty high at the time.
Ehhh.... i sold over 1k btc when it was ~$9 I dont cry like a bitch like some of the "hero members" on here tho. I'm actually happy for bitcoin and community. Remember, the early TXs are needed for btc to grow. |
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