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701  Economy / Speculation / Re: Time to say goodbye on: January 19, 2015, 07:28:42 PM
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.
702  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 07:21:14 PM
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.
703  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 03:29:15 PM
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.
704  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 03:18:52 PM
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.
705  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 03:08:24 PM
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.
706  Economy / Economics / Re: 80 richest people on the planet have the same wealth as the poorest 50% on: January 19, 2015, 02:39:21 PM
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.
707  Economy / Economics / Re: 80 richest people on the planet have the same wealth as the poorest 50% on: January 19, 2015, 02:36:51 PM
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.
708  Bitcoin / Bitcoin Discussion / Re: Why Do People Believe Bitcoin Will Replace Fiat? on: January 19, 2015, 02:30:27 PM
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.
709  Economy / Economics / Re: 80 richest people on the planet have the same wealth as the poorest 50% on: January 19, 2015, 02:19:03 PM
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.
710  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 02:14:29 PM
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.
711  Economy / Economics / Re: 80 richest people on the planet have the same wealth as the poorest 50% on: January 19, 2015, 01:48:21 PM
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.
712  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 01:30:20 PM

People that believe in bears and bulls that trade.

Oh my!
713  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 12:56:53 PM
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.
714  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 19, 2015, 11:30:36 AM
Quote
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.
715  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 09:40:19 AM
Was going to wait for the $100's, but I saw some night signs a few places in the Bay Smiley

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 Tongue
Roger Ver has been known for billboards. Now he's on wanted posters. kidding!!!
716  Bitcoin / Bitcoin Discussion / Re: I'm fucking out. bitcoin will be over soon..confirmed. on: January 19, 2015, 09:30:26 AM
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.
717  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 09:27:57 AM
Was going to wait for the $100's, but I saw some night signs a few places in the Bay Smiley

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.
718  Other / Meta / Re: Taking LEAVE FROM THIS FORUM. on: January 19, 2015, 09:23:28 AM
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.  Grin
719  Bitcoin / Bitcoin Discussion / Re: Why Do People Believe Bitcoin Will Replace Fiat? on: January 19, 2015, 08:50:27 AM
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.
720  Bitcoin / Bitcoin Discussion / Re: Why Do People Believe Bitcoin Will Replace Fiat? on: January 19, 2015, 08:47:54 AM
I don't think we have to philosophize using Bitcoin. Its not a way of thinking or an ideology. Its just a alternative currency, nothing more!
Yeah, Uranium is just dirt from the ground. No reason you can't let your kids play with it.
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