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1  Bitcoin / Bitcoin Discussion / Re: Craig Wright Gavin Andresen = PLOT on: May 02, 2016, 08:09:05 PM
Quick question — can someone please tell me what has happened to Gavin. When I first discovered Bitcoin,  this guy was a worshipped God, now,  he's an outlaw??

easily paid off to say what is needed

But I have read people on here saying that Gavin was a very early adopter so he should have saved a lot of coins and money was not the problem here. Perhaps his motives were purely based on desire for more power and the ability to influence the Bitcoin core development as he wishes. Is it money or power or is it something else?

Gavin's on record in stating that he has enough coins to retire, expressed during the heated debated of if he should be paid via TBF for his coding service, later revealed he earned over a quarter of a million dollars for his efforts then headed on over to MIT to get paid for his bitcoin related services over there.

I'll just throw this crazy idea out there: what if Gavin is Satoshi and he is using Wright as cover because he wants to be able to sell some of his btc stash.  If Gavin was Satoshi, he might want to sell some of his coins without admitting he was Satoshi, and without creating a market panic.  So he hears about this crazy Wright guy, who for whatever reason wants to claim he is Satoshi.  He realizes if he backs up Wright's story, that when he (Gavin) sells some btc from Satoshi's stash, Wright will be forced to explain it (even though Wright has nothing to do with the sale) giving Gavin the perfect cover and creating helpful confusion.  Shocked

So I actually was trying to come up ideas about what the hell is happening and had this thought to. Wright is some mentally unstable guy, and Gavin is using this to divert attention from himself.

But am not sure it's very plausible. I mean, if he was trying to divert attention, why would he jump right in the middle of the whole thing?
2  Bitcoin / Bitcoin Discussion / Re: BREAKING NEWS: SATOSHI FINALLY REVEALED! on: May 02, 2016, 08:01:14 PM
even his blog post is steal from another person lol Cheesy


Did Satoshi Steal My Blog Post?


https://medium.com/@jprichardson/did-satoshi-steal-my-blog-post-76a68cdda4f3#.yyqprifuz


No way! This is the weirdest story ever.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH GETTING DUMPED HARD!!!! on: March 19, 2016, 08:30:14 AM
It's the same story again and again, I can't understand why anyone would get suckered into this. Ethereum at its base seems quite insecure, so there's a good chance it will be worth nothing in the long run.

I don't think thats the problem. It looks like a very interesting and powerful platform and problems can be solved.

The problem is that people place a speculative value on it which is based on a projected, notional, fully mature economy based around that technology. However, the market will always bring us back to earth and revalue the asset according to it's useful value TODAY.

For an Ether to actually be worth $10 of usefulness will take years. (And may never reach it due to endless supply+competition from other smart-contract blockchains). It may well get there, but the market price it back into reality in the meantime. If you can be bothered holding a huge bag of Ether for the next several years while its worth nothing, you could do ok (eventually). Most of the other money will go elsewhere and then come back when it's time.

Ether is not a monetary asset anyway - was not designed as such.


Today ETH can perform exactly the same as Bitcoin, as a currency too. Arguably even better. ETH is not Ethereum, it's a part of it. Saying that Ethereum was not designed to work as a currency is wrong. The correct definition is: Ethereum was not designed to be JUST a currency. People are usually confused by this subtle difference. Seems you are one of these people.

So, please explain what usefulness does Bitcoin have that Ethereum can't provide that makes Bitcoin  worth 40 times ETH?


Just the other day

Bitcoin is not turing complete for a reason
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH GETTING DUMPED HARD!!!! on: March 18, 2016, 09:24:02 PM
I'm not personally a fan of Ethereum and I didn't think it would succeed.

But I want to make it very clear that I am not happy that it is crashing.

The crash represents a transfer of wealth from the poor to the rich, and that is a very bad thing. I knew it would happen, but I wish I was wrong. There is no pleasure in seeing people like me lose money.

It's the same story again and again, I can't understand why anyone would get suckered into this. Ethereum at its base seems quite insecure, so there's a good chance it will be worth nothing in the long run.
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH GETTING DUMPED HARD!!!! on: March 15, 2016, 05:06:22 PM
I'm just so surprised at how people keep falling for this. I bet you there are no more than a handful of people behind the big movements on Ether. This is likely to drop back to a few bucks, if that, within a few weeks.
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