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Can we get images to post as re-sizable thumbnails? Images are fun, but they should be optional.
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These were nice years, but unfortunately all things come to an end. It is time to say "Goodbye". I still think bitcoin is a brilliant invention which brings immense power to the masses but the human element was more agile and found ways to almost destroy it. It's wounded, but not by a security flaw, not by a design flaw, just by misuse and abuse. Nobody can tell what will happen in the future but one thing is certain: nothing goes up indefinitely and all markets are cyclic.
Bitcoin was a chance to learn on economics, markets, psychology and technology. A great ROI. I would recommend anyone here to buy whatever amount one can loose in the next 5 minutes and put it aside until 2017-01-17, along with the same amount in USD. I am very curious which will have more value then.
Good bye.
of course things go up indefinitely eg inflation of fiat. x20 Literally. The USD has lost 95% against the CPI since the Federal Reserve began and it's not slowing down its inflation. |
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Admit it, you are a Union Organizer. You don't want to increase productivity, but you want to be paid more so you try to convince others to go on strike. You can be replaced.
That's an ad-hominem, not an argument. Try harder. Haha, I'm not the only one who noticed that ex-cbeast loves to use ad-hominems... Oh shit, is that cbeast? No wonder. Union Organizer is only an ad hominem for people that are uneducated. Say it: "i'm a socialist". That'll make everything clearer.
of redditards. so what?
they're as irrelevant as dogecoin when it comes to Bitcoin.
I wasn't the one to start using ad hominem. Pot. Kettle. Black. |
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I have not seen an argument against a larger block limit that uses facts.
Except the burden of making a convincing argument doesn't lie with those who are perfectly happy with Bitcoin as it is. Admit it, you are a Union Organizer. You don't want to increase productivity, but you want to be paid more so you try to convince others to go on strike. You can be replaced. |
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I have not seen an argument against a larger block limit that uses facts.
Except the burden of making a convincing argument doesn't lie with those who are perfectly happy with Bitcoin as it is. Admit it, you are a Union Organizer. You don't want to increase productivity, but you want to be paid more so you try to convince others to go on strike. You can be replaced. |
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It's difficult to separate the social problems from the engineering problems. It's much easier to ignore the social issues and just improve technology. Either way, society will find the worst way to exploit it.
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The difference with Bitcoin is that inflation will decrease and the wealth will eventually be irrevocably distributed.
With fiat, the ruling wealthy can continuously inflate the currency and still maintain their wealth without redistribution.
Speaking as a Bitcoiner, 1. Bitcoin is a deflationary currency. 2. There is no guarantee it "will eventually be irrevocably distributed." Bitcoin is on a diminishing inflation curve called the block reward. Spending bitcoins is irrevocable distribution. I hope you're not going to hijack this thread trying to prove an obviously flawed notion. Spending Bitcoin != wealth distribution. Payment for asset or service represents transfer of value, tangible or otherwise. Ergo, the spender can theoretically recoup said expenditure by trading in the value of his purchase at a later date. An obvious exception here is consumables, but the cyclical nature of value transfer within the BTC ecosystem on a macro scale will even things out. So, to reiterate, spending Bitcoin != wealth distribution. Congratulations. You just disproved the existence of economies. I can now get everything for free. |
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It's simply disgusting, if you're interested in making a change, investigate the Zeitgeist movement, they offer real solutions, yet I don't see any changes without violence. Mark Twain once said, the earth isn't dying, it's being killed, and the people responsibe have names and adresses.....
The problem with RBE is the transition. Bitcoin is bloodlessly disruptive of the status quo. |
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Bitcoin will not be allowed to replace fiat. Governments need to control their tax revenue.
It is for this reason that I think Bitcoin contributes to the avoidance of a cashless society.
Bitcoin doesn't have to replace anything. If it's better, then people should be able to choose. BTC/ cryptos are nothing more than a false flag/hope with the end goal of ushering in the new world cashless order. If they succeed, your only choice will be to OBEY lest they void your stash of crypto-fiat, and/or cut your power and /or internet connection. Et tu Brute? Viva la Revolucion. Jimmy crack corn. Alahu Akbar. |
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The difference with Bitcoin is that inflation will decrease and the wealth will eventually be irrevocably distributed.
With fiat, the ruling wealthy can continuously inflate the currency and still maintain their wealth without redistribution.
Speaking as a Bitcoiner, 1. Bitcoin is a deflationary currency. 2. There is no guarantee it "will eventually be irrevocably distributed." Bitcoin is on a diminishing inflation curve called the block reward. Spending bitcoins is irrevocable distribution. |
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Or it won't.
Say it: "i'm a socialist". That'll make everything clearer. Bitcoin is open source
Sure, a lot of derps of your kind have forked bitcoin to various irrelevant altcoins. Exactly what gavin intends to do. the overwhelming majority
of redditards. so what? they're as irrelevant as dogecoin when it comes to Bitcoin. One man's opinion. So what indeed. If you read my post, I didn't completely disagree with the premise, but I'm not a libertard that believes in magic hands that fix all. I have not seen an argument against a larger block limit that uses facts. Your market forces will just have to deal with larger blocks. With more tps there will be a larger pipe to pump money into. In fact, altcoins with faster confirmations will compete for that pipe as well, but that discussion is for another day. If it comes to a point that Bitcoin cannot meet the demands of the market, then it will have committed suicide. |
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The difference with Bitcoin is that inflation will decrease and the wealth will eventually be irrevocably distributed.
With fiat, the ruling wealthy can continuously inflate the currency and still maintain their wealth without redistribution.
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 People that believe in bears and bulls that trade. Oh my! |
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It looks like we're heading into a Lesser Rule of Thirds cycle. The superstitious numbers have held well and gave the traders enough confidence to take it up a notch.
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Scarcity in terms of space in blocks for transactions to be confirmed is necessary to cultivate a healthy transaction fee market. This argument presumes the value of the transactions will justify exorbitant fees. No it really doesn't, it just says there's a market, a set of variables and that the former will bitchslap the latter into place. Or it won't. You probably haven't noticed, but Bitcoin is open source and scalability is considered by the overwhelming majority to be an issue. The beauty of an open source project is you can do whatever you want and nobody will care. |
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Was going to wait for the $100's, but I saw some night signs a few places in the Bay  I'll buy a few fuck it! $250 wow some good sign ? what is it ? 10k ? Really nice Billboard space two exits before the Bay Bridge on the 101. I'll take a picture in about 10 minutes and update. I'm guessing Bitcoin Jesus has touched the Earth. If that's what we are calling Paypal now. Then it appears so. Walking out the door now  Roger Ver has been known for billboards. Now he's on wanted posters. kidding!!! |
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I think those people who had dreams of big wealth from Bitcoin are the ones saying that Bitcoin is dead.
It is simply sour grapes!
We call them weak hands. There have been worse crashes than this. |
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Was going to wait for the $100's, but I saw some night signs a few places in the Bay I'll buy a few fuck it! $250 wow some good sign ? what is it ? 10k ? Really nice Billboard space two exits before the Bay Bridge on the 101. I'll take a picture in about 10 minutes and update. I'm guessing Bitcoin Jesus has touched the Earth. |
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I learned more here than I ever did in school, but that's not saying much. We'll still be here when you come back, though the names may change and we might be all forced to speak Mandarin. But good luck anyway and talk to a girl sometimes.  |
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Bitcoin will not be allowed to replace fiat. Governments need to control their tax revenue.
It is for this reason that I think Bitcoin contributes to the avoidance of a cashless society.
Bitcoin doesn't have to replace anything. If it's better, then people should be able to choose. |
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