Matthew, you know that's the case. Bitcoin is driven by speculators and day traders. It is a money making game. That's the joke on the government. Real drug/terrorist money is huge and Bitcoin could never support even the most minor terrorist group. Yeah, I can really see two terrorists talking about a job in the Middle East and agreeing to settle up in Bitcoins. "What the fuck are Bitcoins! No bitch, you pay me in money or find someone else!"
It wouldn't surprise me at all to find out this whole micro-economy is made up of college students worldwide practicing their day trading skills before they graduate and have to do it for real.
Please don't tell me you believe in the PorcFest "change the world" mentality. If any other monetary system is going to do that it won't happen in your lifetime. The reason Bitcoin is here is for trading and those businesses that sprung up because traders are "learning" with real money.
You have become too cynical to see that bitcoin is the solution to the authoritarianism that made you cynical in the first place. The word is practical or you could use realistic. |
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<Sticky: One word per post!>
Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.
Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!
Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.
Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.
Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.
Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.
Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku associations. Yanderes' throbbing cunts glistened against Ripple.
Meanwhile, in MtGox headquarters, Three musketeers manipulated cocaine unintentionally, sabotage England Association
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I feel left out in that I'm not able to muster any enthusiasm for an extreme opinion on Ripple one way or the other. I don't think it's a scam, and I also don't think it's going to be useful outside a narrow problem space. I don't have anything personal against the OpenCoin developers and I think their business model is unlikely to succeed.
Be careful! You're being rational and that's dangerous around here with all the cultists. My guess: he has a fat wallet full of btc and he fears the success of Ripple will lead to the devaluation of bitcoin.
It's funny you say that, because when I see a cultist leader in bitcoin preaching about how it will crush Japan like Godzilla, fly faster than a speeding bullet and be able to destroy governments, I wonder if they're just saying what hopeful idiots want to hear while they laugh at how much money they're making as cult leaders. (I mean, come on, isn't it odd how we have a meme called "Bitcoiners not affected" and yet we still use centralized exchanges that can bring bitcoin to a halt for a day, disturbing business and livelihood of people from a simple DDoS?) Matthew, you know that's the case. Bitcoin is driven by speculators and day traders. It is a money making game. That's the joke on the government. Real drug/terrorist money is huge and Bitcoin could never support even the most minor terrorist group. Yeah, I can really see two terrorists talking about a job in the Middle East and agreeing to settle up in Bitcoins. "What the fuck are Bitcoins! No bitch, you pay me in money or find someone else!" It wouldn't surprise me at all to find out this whole micro-economy is made up of college students worldwide practicing their day trading skills before they graduate and have to do it for real. Please don't tell me you believe in the PorcFest "change the world" mentality. If any other monetary system is going to do that it won't happen in your lifetime. The reason Bitcoin is here is for trading and those businesses that sprung up because traders are "learning" with real money. |
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i criticize Ripple b/c i honestly think the economic assumptions behind the Ripple concept are highly dubious and will fail. i've never been approached nor accepted any bribe money to be anti-Ripple.
i never signed up for any XRP b/c i never believed in the concept. yes, i have BTC but that doesn't influence my opinion at all.
what also pushed me to become vocal about this in just the last few days is the fact that Ripple has been spamming the Discussion Forum with anti-Bitcoin threads and trying to steal Bitcoiners away to Ripple in what i view as a zero sum game.
otoh, OT + BM appears to be a promising combination built on the same principles that Bitcoin was and i will look at their platform with enthusiasm.
But Cypherdoc would you say its a scam for 5 BTCmoney wouldn't affect my decision one way or the other. I knew you were gonna say that! |
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i criticize Ripple b/c i honestly think the economic assumptions behind the Ripple concept are highly dubious and will fail. i've never been approached nor accepted any bribe money to be anti-Ripple.
i never signed up for any XRP b/c i never believed in the concept. yes, i have BTC but that doesn't influence my opinion at all.
what also pushed me to become vocal about this in just the last few days is the fact that Ripple has been spamming the Discussion Forum with anti-Bitcoin threads and trying to steal Bitcoiners away to Ripple in what i view as a zero sum game.
otoh, OT + BM appears to be a promising combination built on the same principles that Bitcoin was and i will look at their platform with enthusiasm.
But Cypherdoc would you say its a scam for 5 BTC |
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I'd accept 4BTC to say ripple is a scam.
I'll say its a scam for 3 BTC and for 10 BTC I'll throw in a hooker direct to your house. |
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What type of fruit do you command exactly?
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Wrong place dude. You need to have this moved to the mining forum where it can join 25 other "post Picts of computers" threads.
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<Sticky: One word per post!>
Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.
Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!
Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.
Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.
Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.
Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.
Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku associations. Yanderes' throbbing cunts glistened against Ripple.
Meanwhile, in MtGox headquarters, Three musketeers
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Where are the results of this poll with photo proof?
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the meaning of your other statement is unusual, other than people working on mining are worthless and will be replaced. But maybe you didn't mean that.
I didn't mean they were worthless. Just that mining will become more and more specialized, and storing the blockchain even more so, but that's OK, because a lot of the peer to peer stuff is done on the clients who can keep miners and blockchains honest by constantly comparing them. I understand now. Verification is already becoming more specialized and the people are adapting. As long as the process remains in the hands of the people then it will remain a system that I can support. I think the system you are thinking of where everyone is running SPV clients is a long way off. Today pools control the process and people like organofcorti and Meni Rosenfeld do a lot to keep that system honest. |
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If you want to have some fun with the concept of what will happen after a nuclear war watch "The Divide" and see how that makes you feel about the fate humanity after a war.
Pointing out to a Hollywood film to show what will happen to the world after a nuclear war goes off just seems incredibly silly, every idea you introduce for a film is heavily Hollywoodized, people don't seem to realize that. There will be women selling their bodies for food, rape, murders, mass slaughter for food/money/weapons, the currency of choice would probably be small (ideally .22) caliber bullets, store owners that have food will probably try to keep everything to themselves and/or trade it in exchange for weapons and other valuable goods, the ruthlessness of that world is unimaginable to anyone in this thread. Bitcoin will certainly be long gone, I doubt you would even have mail to purchase goods with it. Oh, then you haven't seen the movie. It's everything you just mentioned and more. You'll like it. |
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... Satoshi himself mentioned that eventually we'll likely end up with just a few copies of the blockchain in gigantic data centers, with almost everyone running SPV clients that, ...
I'm not necessarily doubting that he said that, but I've never run across it. Can you provide a pointer? Satoshi's white paper: It is possible to verify payments without running a full network node. A user only needs to keep
a copy of the block headers of the longest proof-of-work chain, which he can get by querying
network nodes until he's convinced he has the longest chain, and obtain the Merkle branch
linking the transaction to the block it's timestamped in. He can't check the transaction for
himself, but by linking it to a place in the chain, he can see that a network node has accepted it,
and blocks added after it further confirm the network has accepted it.
As such, the verification is reliable as long as honest nodes control the network, but is more
vulnerable if the network is overpowered by an attacker. While network nodes can verify
transactions for themselves, the simplified method can be fooled by an attacker's fabricated
transactions for as long as the attacker can continue to overpower the network. One strategy to
protect against this would be to accept alerts from network nodes when they detect an invalid
block, prompting the user's software to download the full block and alerted transactions to
confirm the inconsistency. Businesses that receive frequent payments will probably still want to
run their own nodes for more independent security and quicker verification. Thank you for quoting the entire passage. |
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Finally, someone I respect discussing the subject.
 Wait, are you saying you don't appreciate Meni Rosenfeld because he doesn't focus his attention on the client side of Bitcoin? I'm confused? No, I'm saying www.youtube.com/watch?v=Iwu-6GxBHN4I'm still a little confused! I get the Rodney Dangerfield connection but the meaning of your other statement is unusual, other than people working on mining are worthless and will be replaced. But maybe you didn't mean that. |
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... Satoshi himself mentioned that eventually we'll likely end up with just a few copies of the blockchain in gigantic data centers, with almost everyone running SPV clients that, ...
I'm not necessarily doubting that he said that, but I've never run across it. Can you provide a pointer? The closest thing I've seen to such a statement is Mike Hearn staying that the system could operate with 6 or so copies of the full block chain owned by large entities. Maybe he didn't state who owned them though, and I am not going to put words into his mouth by claiming that he thought it was a good idea. He can speak to that himself if he's so inclined. Wow, centralization at its finest. I'll make sure I pass that info around at the next PorcFest. |
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Finally, someone I respect discussing the subject.
Regarding Peer to Peer, I always thought the part relating to verifying and relaying transactions was the peer-to-peer aspect, with things like mining and storing the blockchain being much less so. Satoshi himself mentioned that eventually we'll likely end up with just a few copies of the blockchain in gigantic data centers, with almost everyone running SPV clients that, although don't mine, still check transactions for validity, still relay them, and can still check the integrity of the blockchain database and compare it between providers to make sure it's legit. Wait, are you saying you don't appreciate Meni Rosenfeld because he doesn't focus his attention on the client side of Bitcoin? I'm confused? |
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If you want to have some fun with the concept of what will happen after a nuclear war watch "The Divide" and see how that makes you feel about the fate humanity after a war.
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Gavin,
You certainly are aware of users grumbling of Bitcoin not being easy to use for non power users. You must be aware that devs are not happy for providing their work free of charge.
Are there any plans at TBF that you are aware of to start paying the devs. What plans if any are there to speed up the development process? If yes, how will this be financed?
Thanks
You mean pay more developers and have less to pay Gavin, your insane LOL The only reason for the foundation is so Gavin gets paid. That's not what I meant. If you read through my posts in this thread you could arrive at the conclusion that I am rather afraid of less money being potentially left for Gavin due to the expenditures that may need to be spent on the lobbyist. Some devs are making money off of Bitcoin. Others can if they choose to. Do you believe if the lead dev decided to open his own pool no one would join? I want TBF to solve their own issues. For some reason Mr. Andresen chooses to remain above the fray and not join in all the money that's being made. He never mined or owned many Bitcoins, doesn't run a pool and isn't making a sidebar for profit wallet or app. That's fine. Then TBF can pay him to work for Bitcoin business needs. However, it's not necessary to feel sorry for him. He's been here long enough and is bright enough to have made a few dollars along the way if he chose too. |
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BTC could be $1.00 next week or $500, who knows. Enjoy life, live your life to the fullest without regret, you never know when your time is up and you dont get to see your loved ones anymore. An hour from now isnt guaranteed, nor is tomorrow. Try to be a good person and make a difference each and every day.
Well said, I wholeheartedly agree! spiccioli Neither of you belong here. You both have hearts and not enough greed where your heart should be.  |
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But what I find amazing is despite the massive amount of money involved not ONE person took matters in their own hands. I mean at this point we're talking maybe 50 million dollars.
A person who is seriously considering taking matters into his/her own hands would probably not announce it on the forum.  True enough, we don't really know that there will NEVER be any repercussions. |
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