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2041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:48:29 PM
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.

D00d, at first I thought you were trolling, but you really are a mess.
It's tragic that inability to be self-critical is the fundamental part of your psychosis--you'll never know you're sick.  You'll never get help.
Are you playing doctor or psychic now? I can't keep track.

Of course you can't.  You're ill.
You aren't even trying to be clever. Now you are just boring, and ignored.
2042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:42:54 PM
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.

D00d, at first I thought you were trolling, but you really are a mess.
It's tragic that inability to be self-critical is the fundamental part of your psychosis--you'll never know you're sick.  You'll never get help.
Are you playing doctor or psychic now? I can't keep track.
2043  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation: We Don’t Want Everyone Starting a Bitcoin Business on: October 30, 2014, 12:41:33 PM

Maybe they did it not because they were using bitcoin but what they are doing is unregulated gambling.
We all know that legalized casino gambling is all done on the up and up.  Roll Eyes
2044  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:39:04 PM
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.

WTF are you talking about?  A guy breaks up his family because of a gambling problem, and you bring up tired evol bankster cliches?
Everything has to be about you? You are forgotten.
2045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:36:03 PM
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.
2046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:23:19 PM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.

What don't you get?  A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology." Cheesy
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.

Coindesk?  You mean Bitcoin's premiere publication?  No.

His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.

I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.

>Bitcoin more important than wife and kids.

You're worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?

Wife leaves because Bitcoin.
"Wife leaves because golddigger, then he gets rich and upgrades."

Family, with kids, breaks up because Bitcoin.
"Bitcoin don't come around often. Relationships are like the seasons."

Those are quotes.
Worse than a crackhead.
When were children mentioned? How do you know he has children?

Children were mentioned by Adam.  Feel free to ask him once he sleeps it off.
Yeah, I don't think so. I think you are just making shit up like you always do. Just stop judging AdamstgBit and let him live his life on his own terms. Who the fuck do you think you are to say he has a problem? Are you a fucking psychic? Should I be calling your 900 number?
2047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:16:48 PM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.

What don't you get?  A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology." Cheesy
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.

Coindesk?  You mean Bitcoin's premiere publication?  No.

His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.

I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.

>Bitcoin more important than wife and kids.

You're worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?

Wife leaves because Bitcoin.
"Wife leaves because golddigger, then he gets rich and upgrades."

Family, with kids, breaks up because Bitcoin.
"Bitcoin don't come around often. Relationships are like the seasons."

Those are quotes.
Worse than a crackhead.
When were children mentioned? How do you know he has children?
2048  Bitcoin / Bitcoin Discussion / Re: Bitcoin is up and people are like... on: October 30, 2014, 12:06:03 PM
I trust the bitcoin, his price will rise guys !
This one abides.
2049  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 12:01:39 PM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.

What don't you get?  A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology." Cheesy
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.

Coindesk?  You mean Bitcoin's premiere publication?  No.

His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.

I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.

>Bitcoin more important than wife and kids.

You're worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?
2050  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 11:49:38 AM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.

What don't you get?  A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology." Cheesy
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.

Coindesk?  You mean Bitcoin's premiere publication?  No.

His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.

I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.
2051  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 11:12:22 AM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.

What don't you get?  A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology." Cheesy
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
2052  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 10:41:41 AM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.

His wife left him because Bitcoin.  Case in point.
Thanks Dr Phil.
2053  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 10:40:52 AM
...
Worse. Armchair Philosophy.

...because REAL philosophizing is done on the football field Roll Eyes
You're in real form today. That metaphor was mixed worse than an Appleby's cocktail.
2054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 10:38:35 AM
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...

Naah...   You think?

vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO

buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
2055  Economy / Economics / Re: Will there ever be another crypto boom similar to BTC in my lifetime? on: October 30, 2014, 10:35:54 AM
How would you suggest litecoin is fake? The transactions are posted in a public ledger... LTC Gear pays out each week. The address I receive my payments from holds over 14 Million LTC. I would suggest doing the proper research before you throw out ridiculous accusations.

I suggest volume is UTRA FUCKING fake. Yes.
364000 LTC per 24h on one exchange ? 12000000 per months ? come on...

Moreover, 99.9% of the mining of LTC is made my few giant ASIC farm owned by Litecoin devs, that's the reason they refused to change the algorithm.
That's pretty interesting, would like to know more about that, do have a spare link lying around?

There was a huge debate about changing Litecoin algorithm.
Satoshi wanted Bitcoin to be mined by normal people on normal computers around the world and certainly not by giant ASIC mining company.
The reason Litecoin has been created was to be the cryptocurrency that Bitcoin was not any more : a crypto that you mine on your computer, a very decentralized network.
A group of people claimed that there were about to fork Litecoin to a new ASIC resistant algo.
The Litecoin devs themselves got crazy mad despite the fact that Litecoin is not owned by them and they had no right to stop them.
The forking Litecoin group got very active for a time and suddenly disappeared for no reason, leaving no official explanation.
We have proof (from users hashrate reported on some Litecoin pool) that some people were mining Litecoin with ASIC before the official release on the market.
The fact that Litecoin devs where so violently against protecting from ASIC industry show that they were probably big investors of ASIC hardware.
The forking group suggested that if the Litecoin network would be owned by ASIC industry, the original investors would be ruined and this is exactly what happened.

This is a good thing. It shows that gaming the system doesn't always work because there are always bigger fish than you. That's why Proof of Work doesn't need to be decentralized, it just needs to be competitive and vulnerable to outside incursions.
2056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 10:28:40 AM
I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.

I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
replace bitcoin with government and miners with banks and you'll be spot on.


I don't care much about anti-government agendas and other expressions of teenage rebellion. I care about finding a practical financial tool, that can be used to develop both the finance and the economy. Bitcoin was the first to show that open-sourced monetary systems can be done, and I am thankful for that. But sadly, bitcoin the currency just isn't advanced enough to be used as a practical tool. The blockchain technology can be used as a practical tool to implement into new and better currencies, and the idea of bitcoin can be used as an source of inspiration for new cryptographic innovations.

Bitcoin the currency itself, is just a slot machine, that is shrouded with virtuous looking illusions. People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". The sad thing is, that if they can't see how it's really just a slot machine, then they can't also see that the machine is rigged to create profit for the house - the biggest holders of coin, and the people who run the unregulated exchanges. They have the power to raise or lower the price as they see fit, while having private information about their customers trading methods and habits.
A practical currency should be unattractive for speculative play, so gamblers who cause instability would stay away. A practical currency should be attractive to merchants, and without the need of middlemen like BitPay who take profit for offering stability. The technology can be used to make money efficient  and cheap (the cost of maintaining the monetary system). Bitcoin the currency is far from realizing the potential, and as long as the core devs aren't considering changing PoW mining and fixed coin supply, then I just can't see a way for that to change.

Idle speculation.
Worse. Armchair Philosophy.
2057  Bitcoin / Legal / Re: What is the legal definition of Bitcoin? on: October 30, 2014, 10:12:55 AM
Tongue I think this one the defination  of bitcoin is
"a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."

Ok...sign a contract that gives me your house in exchange for 10,0000 bitcoins (as per your definition).


Do not be surprised if you end up with 10,000 BBQcoins (which fits that legal definition).
That would require a legal tender because you are servicing a debt with a contract. Don't play lawyer mind tricks with hypotheticals. I don't see the need for Bitcoin legal definition because you have superior payment fulfillment properties such as multisig and escrow. You would require proof before the contract is signed and put the proof in the contract.

Under what jurisdiction does servicing a debt with a contract require legal tender?
Not the USA.
That's why I'm not a lawyer and bitcoin will never bow to any law.
2058  Bitcoin / Bitcoin Discussion / Re: So ... Can Goverment stop Bitcoin ? on: October 30, 2014, 09:39:12 AM
Scared of your government? Good it's working.
2059  Other / Politics & Society / Re: Are Bitcoiners Neoliberals? on: October 30, 2014, 09:37:09 AM
Bitcoiners are Liberal Neos.
2060  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 30, 2014, 09:28:09 AM
I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.

I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
replace bitcoin with government and miners with banks and you'll be spot on.
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