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Hey guys, I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  My plan is not really to get rich with Bitcoin. My plan is to make BTC from faucets, i want to get lots of refferals and them when i get a good amount of BTC i want to invest it in HYIPs to increase it. I have been in the hyip world for 11 years.It is extremely foolhardy to suggest investing your bitcoins in hyip to ''increase'' it.I promise you,you will lose all. |
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Hey guys, I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more. I am also from a 3rd world country.I intend to have 100 BTC.I have only 73 BTC.Before the next halving,I will be a BOMB! |
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We have added a "top investors" feature!  -bitcoinbloom no payment today adoell senior member......i wish i had a tomahawk....i need to chop off your skull from your cervical vertebraE! |
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I have not seen a HYIP site make profit without being ponzi. There's nothing to suggest this one will be any different. It offers an extremely unrealistic fixed rate of return and the OP has absolutely nothing to support his claim of it being backed by trading. Simply repeating that he is in control of a coin address which he is making payments out from isn't evidence of anything. Still ponzi. Again, having a wallet balance larger than total deposits completely undermines the ponzi definition: "A Ponzi scheme (also a Ponzi game or a Ponzi) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources." How is it possible to be a ponzi scheme if more money is in the program than what has been received in deposits? The definition of a ponzi is completely opposite to this. I am definitely repeating myself, as I am responding to the same statements you are posting. hhhmmmm.....12 GMT...NO PAYMENT FROM BITCOINBLOOM!!! |
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You are still failing to see but that is nothing but your own theory that we are putting in money from our own wallet rather than trading. OK now I definitely know you are simply running a standard ponzi script you've bought, as you are demonstrably incapable of understanding basic financial structures. You clearly would be incapable of operating a legitimate trading platform. No need for your hullabaloos.The main commandment of the hyip world is,''invest only what you can afford to lose''.Hyip is high-yield investment program aka hypertension-yield investment program. https://en.wikipedia.org/wiki/High-yield_investment_program |
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We do assure a certain standard of proof and that is our wallet balance ALWAYS being higher than Deposits minus Paid
the reason for this is that a ponzi scheme will use Payments from deposits to pay users, therefor Deposits minus Payments Total should equal the wallet balance. So you're using funds you've stolen from running other ponzi scams to pretend to insure the funds you are seeking to get from this ponzi scam. This is just the usual moderated thread to prevent facts from being presented while you rush to get sock-puppet accounts and shills to post positively about the scam. Everybody who shills for you will get tagged, that is a fact. I have been using bitcoin since 2012 as a mode of payment in investment sites.Then being known as cryptodevil,you should know that hyip sites,gambling and porn are part of what is holding it.Always remember that the gambling and porn world is EXTREMELY large!! |
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Why so much agro and upset about Jorge's posts? He's not threatening you (or perhaps he is somehow?). He has a view and he expresses and articulates that view pretty well. I don't agree with much of what he says either but I appreciate that his posts are coherent, quite well written and free from personal attacks or vitriol. In fact, he's very gracious in his responses to many of you that get all so incensed that he's expressing the views that he is; and this is indicative that some of what he's saying has seriously hooked your innards and is tearing at you in some manner. That you're responding in such an affronted way says to me you're not 100% sure and his line of thought on this stuff causes internal conflict.
If you don't agree with his take on Bitcoin (and crypto in general), just point out calmly and unemotionally where his logic, assumptions or beliefs are flawed. I think it's very good to have someone like him putting the ideas up he does as it makes for interesting consideration of his views versus alternatives.
Isn't this what a thread like this is about?
Your gracious friend has been trolling this forum for years now. I agree that there is no need to get all fired up about it, but to "point out calmly and unemotionally where his logic, assumptions or beliefs are flawed" is even more of a waste. He has some ideas that (I think) are the very antithesis of what crypto is all about. Suggesting that there'll inevitably have to be a rethink on the 21 million cap and that an increase will eventually happen is the slippery slope to Bitcoin being just another manipulated disaster like we're seeing with almost all fiat currencies (and, obviously to get it to be manipulatable like that, will require some dramatic action and reallocation of mining resources away from the current Bitcoin community). In fact he basically seems to have a line of thought that takes the current monetary system's "features" and attributes and retrospectively applies them to Bitcoin like "it's just how money works and if Bitcoin doesn't hold these properties it will fail". That I find to be backward thinking as it's failing to see the paradigm of how central bankers and Wall Street "run" the monetary system is THE problem and to use it as a framework of sorts for how crypto needs to operate is everything crypto isn't and should never be (but any conversation about 'money' is by nature controversial and complex). My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond. Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay. ....hmmmm...you have a point  |
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In fact, many of the problems that he describes are in fact features and NOT bugs
Since you are a holder and speculator, of course we disagree on that. In my view, you are one of bitcoin's problems. Little bit disingenuous of you to participate in a thread to judge others who are investing into something and to call them "problems" because they are investing. What are you investing in? naysaying the activities of others? a claim that there needs to be a built in approximate 2% inflation (or devaluation) is preposterous because it supposedly addresses a non-existing problem, at least at this time. so make it a bad investment?
Bitcoin was created to be a currency, not another speculative asset- and dividend-free investment fund (or pyramid scheme, its more honest name). There is no shortage of the latter, and (as I wrote earlier) that use of bitcoin will not make the world better, create new wealth, or render some useful service; it will just move wealth from some people to other people. You are full of shit!!!! Bitcoin was created for a variety of purposes, including the currency aspect. You seem to be oversimplifying matters in order to create strawmen arguments. and mislead others by oversimplification.
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.
Yeah.. appeal to authority... 500 years OMG... you really are saying something here........ NOT. You are just making up facts out of your ass.
The use of bitcoin for investment and speculation had two other bad consequences. First, it lifted the price to 100 times what it should have been, given its current level of usage. The price is floating in the air, high up, anchored to itself through the hopes of traders and holders. It could crash from there at any moment. No company in its right mind would want to hold it, even temporarily. Imagine a manager accepting a payment of 1000 BTC today, and the price crashing tomorrow, before he can spend or sell those coins. How could he explain that to the company owners? (You can find out there an audio of Overstock's CEO trying to explain something like that to the other shareholders; but AFAIK he is the majority holder, so he won't get fired for that...)
YES.... what if, what if... You know better than that. if you are using bitcoin as a payment system, then you have the option to cash out right away or to hold them for a specific cash out time. With anything new, there may be a learning curve concerning decisions regarding when to cash out, if cashing out is part of the plan.
Second, but tied to the first: bitcoin's use as instrument of speculative trade made its price extremely volatile. Even in times of "stability", like the past 7 months, the price has changed by ±10% in a few hours, several times. Volatility is bad for a currency: the user who buys BTC to pay for something will lose money if the BTC price drops between the two actions, and will not really win if it goes up -- because he will be left with a small amount of BTC that he may not find a good use for.
That is why a good cryptocurrency must be designed to NOT be a good investment.
Yes, if an asset is volatile, then that needs to be taken into account, but that volatility does NOT mean that it is a bad thing because, as I already mentioned, BTC is much more than a currency. You again are attempting to frame facts in an incomplete way in order to engage in scare tactics.... All of these months in bitcoin, and you still have NOT learned how to be more comprehensive in your analysis rather than simplified and selective extrapolations? From what I have read, I am satisfied that Satoshi intended bitcoin to be what he wrote in the whitepaper: a system for peer to peer payments through the internet that did not require a trusted third party. He believed that the world needed such a thing, but no one knew how to build it, and thought that he had found a way. That seems to have been his motivation to design the bitcoin protocol; and he then implemented it to see whether the idea worked out in practice. But Satoshi was a computer scientist, not an economist. He thought that it would be nice if the currency had no inflation. For "everybody" knows that inflation is bad, right? I thought so too. His he pleased about what bitcoin turned out to be? Well, on one hand it is always satisfying to do something big, even if it is a big nuclear accident or the sinking of the Titanic. But I doubt that he is happy about what his creature has become... Your further explanation supports that you are engaged in a BIG ASS guessing game regarding what Satoshi thought or what he would think. It does little to no good for you to engage in this kind of speculation to go back to "original intent" or to attempt to attribute the direction of bitcoin to the "founder," because in fact, Satoshi either removed himself or fell out of the bitcoin scene.... Accordingly, bitcoin became a dynamic phenomenon that is influenced by a variety of players (rather than by any one player). in other words, bitcoin has become a sort of community asset, and there is some freedom for anyone to buy into it or to refrain from such. Even though you are fairly informed about bitcoin, you seem to be someone who has knowingly chosen NOT to financially invest into bitcoin, but instead chosen to invest into denigrating bitcoin.... I'm fairly certain that some anti-bitcoin entities would be willing to pay you to continue in such supposedly voluntary and unpaid conduct. So, are you being paid for all of the time that you spend in the various bitcoin forums? You must be receiving some payments for your work and/or your publications and/or your attempts to build your reputation as some kind of anti-bitcoin "expert." Sorry to some of you for using the term "expert" in the same sentence in which I am referring to Stolfi.....  Why so much agro and upset about Jorge's posts? He's not threatening you (or perhaps he is somehow?). He has a view and he expresses and articulates that view pretty well. I don't agree with much of what he says either but I appreciate that his posts are coherent, quite well written and free from personal attacks or vitriol. In fact, he's very gracious in his responses to many of you that get all so incensed that he's expressing the views that he is; and this is indicative that some of what he's saying has seriously hooked your innards and is tearing at you in some manner. That you're responding in such an affronted way says to me you're not 100% sure and his line of thought on this stuff causes internal conflict. If you don't agree with his take on Bitcoin (and crypto in general), just point out calmly and unemotionally where his logic, assumptions or beliefs are flawed. I think it's very good to have someone like him putting the ideas up he does as it makes for interesting consideration of his views versus alternatives. Isn't this what a thread like this is about? @ renegademan,truly you are worth to be a senior member from your utterance.we do not have to be volatile.how can some1 like fatman3001 be referring to me as ''it''?.i never knew some form of racism exists in the bitcoin world!  |
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@ Jorge and others that still don't get it.
bitcoin: The price we pay to store information on the blockchain.
Bitcoin: The protocol that employs the open source ledger of information that is secured via payment of bitcoin.
hmmmm....@poolminor,that was a splendid redraft to stolfi.welldone! |
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Not as effective without jumping ponies. But the subtle lack of suprise porn is nice. I'd say this thread is finally SFW again. FWIW  Edit: I guess I asked for it. Somehow.. newbies cant post pic anymore but that wont stop them him! If you want SFW you might wanna put meyer lansky on ignore. He/she/it is about to turn into a beautiful butterfly. Yeah; my thoughts exactly. Still; I find his personality amusing, so I'll just let him be for the time being... what were you and fatman insinuating?  |
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Hey BJA, when did you become such a pessimist? I use to enjoy reading your posts.
as a newbie,i enjoy he/she too.he/she is distinct! |
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I have been away for a week and I don't see how I can read the how ever many 100s of posts I missed.
Has anything important happened during that time?
Thank you
scary! was there no source of internet or electricity? anyway,welcome back! |
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snip
i hope you die from eye cancer Put him on ignore, like I did a long time ago  is he an eccentric of a headbanger? |
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Geez, Newbie. It's a trivial matter to turn off the I.P. "blacklisting". It's just a feature for nodes that don't want to deal with slow-ass onion routing. These objections to larger block sizes seem disingenuous. It appears to be just a miner power grab, and a wrong-headed one at that. The real way to create a market for miner fees is to expand adoption, not squeeze the current users. Erhmmm  How's that supposed to work? How many "blockspace" do I get for 1 bitcoin?
Easy. 1/21,000,000th of the whole chain. I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?Give it a rest already. It should have been obvious that I wasn't being literal. Do you has Asperger's Syndrome? hmmm...asperger's? i never knew you are also erudite in paediatrics. |
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Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101. 1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks. 2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish! My opinion only, others may (will!) disagree, don't bet your house on anything I say! thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you. just to answer you.. head on over to coindesk.. they're live blogging it.. i can't guarantee how exciting it is going to be however... http://www.coindesk.com/live-blog-consensus-2015-as-it-happens/Also on twitter with the hashtag: #Consensus2015 hmmmmmm.......since i am afraid that bitcoinXT will be supported,''Bitcoin XT contains an unmentioned addition which periodically downloads lists of Tor IP addresses for blacklisting...... '' https://bitcointalk.org/index.php?topic=1162684.20'' .the main characteristic feature-anonymity of bitcoin will be dead....truly not all that glitters is gold!   |
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i like the the members here-especially the senior and hero members. i feel good that you guys want we newbies to grow.it's exhilarating . thanks in a ''trillion'' of BITCOINS to you all!! and again thanks for the ever satisfying prompt answers.thank you! |
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Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101. 1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks. 2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish! My opinion only, others may (will!) disagree, don't bet your house on anything I say! thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you. |
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