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Jesus, talk about solving problems that doesn't exist.
What will be the next, mind control programs?
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It has been tried over and over. It doesn't work with centralized solutions like ripple.
It all starts with decentralization, then we can have crowd-sourcing projects on top of that.
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Can you spot Putin?  |
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...
If more people watch it as it shows...how it is working... the magic trick doesn't work...
and you want to know what's the magic...a Good Judgement pool of human honesty in the cyber space and elsewhere too
...
I don't think you see the power of a open source project. Its strength lies in its number of participants and peers. The ability to fork and the independent peer reviews of the code. It grows like a mushroom, it never stops growing and it always takes the path of least resistance. I believe bitcoin primarily attracts smaller businesses, those who doesn't pay lawyers and lobbyist to protect a status quo. Its not a top to bottom technology, its bottom to top. PS. I assume you are using google translate. |
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...If something as powerful as Apple bans the use of Bitcoin with its own devices, it shows us that it’s terrified of how strong Bitcoin has become...
If there is one thing big companies and politicians fear, it's a turn-key democracy based on a public ledger  |
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He saw Kim DogeCom but couldn`t tell them apart.
rofl |
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In my experience greed is one of the most fundamental emotions in humans. Maybe the most.
Another experience is that the more you have, the greedier you get.
Despite that, bitcoin opens for a lot of facinating opportunities where greed plays a lesser role.
I mean, regarding greed it can't really get worse than it already is
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I doubt you want this on the list:
By accepting bitcoins you help rendering political lobbying useless
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Looks nice.
Would be nice with a Conky plugin for something like this
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I disagree.
Its one of bitcoins strength that the price reflects the market immidiately, and nobody can change it happening.
In fact, this particular property of bitcoin is the closest you will ever get to devine intervention
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Incompetent politicians and law enforcement always end up blaming the messenger.
Thats why I think bitcoin should have kept a low profile all along.
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No. Their value changes too quickly. Also it would need to be governement restricted and I'm talking about mining. Just imagine if it'd be a currency. People would save 10 K in bitcoins then start mining. Everyone would do it so there would be no companies or so except for asic. Bitcoin is made for virtual and only virtual in my opinion
Their value wouldn't change at all if bitcoin was not based on any fiat currencies (if bitcoin did replace all fiat currencies), but the goverments would never let that happen. If bitcoin was as accepted as fiat today, volatility would be reduced to almost nothing. This seem correct to me. The bubbles and Ponzi schemes we see with fiat currencies are made possible by dumping the gold standard, that in addition to a lot of spin-doctor mathematics to make air look like a good investment |
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I liked he's talk.
Of all the suits talking about bubbles and Ponzies, this guy walks and talks like someone who actually need bitcoin for more than just a short term investment.
That said, my guess is that BBC is trying to give bitcoin a bad name with this interview.
Nobody ever said that bitcoin was immune to speciffic goods, whether it be drugs or unhealthy Coca Cola.
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I'm not sure that's a problem. Basically you have to transfer money to a norwegian bank account. Once that is registered you can withdraw that amount in BTC, or back to fiat if you prefer. I can't advice anyone to use it of course, I can just say that it worked great when I used it. |
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I don't see how bitcoin can be a Ponzi Scheme.
If I'm not mistaking a Ponzi Scheme means that you pay out now for something that is supposed to give profit later on (Never happens of course)
With bitcoins you get what you pay for immidiately, and can sell again at any time with or without profit. Its all up to you.
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I never understood economists view of Bitcoin.
Gold is completely useless to me. I can't buy anything with gold. Nobody accepts it as payment.
They also use the word bubble a lot. Apparently they don't see the difference of bitcoins and the price of bitcoins.
The price of bitcoins can be a bubble. The technology behind bitcoin can not.
I also think they underestimate how fed up people are with government controlled currencies. They certainly did a controlled dive into the financial crisis.
Same with so called trusted services. If a service is "trusted", it has backdoors. People are not the horde of sheep they thought they were, and now they act surprised.
Gold has an intrinsic value beyond just being relatively rare and pretty to look at. Its industrial value as a crucial element of electronics, sensitive circuits, and other modern innovations give it a values above and beyond that of a mere luxury item. Same goes for diamonds, although many people are only aware of the 'luxury item' aspect of it - some of the initial designs for mirrors and equipments in the SDI research (defunct, but still produced numerous branching off topics of research that benefited us later on - that's how scientific innovations work) included natural and artificial diamond as a component. Bitcoin's 'intrinsic' value depends entirely upon its decentralization, security, ease of usage and ability to more easily reach people. However, you can see how each and every one of those ideals (backed by technical aspects of bitcoin itself) is meeting obstacles every step of the way. Is the crypto community dealing with them and advancing crypto in a positive way? No. Instead, we see bitching and moaning about the 'rah rah rah fite da powa' bullshit that alienates many if only by their sheer infantile mentality and shallow motivations behind their complaints. There's a reason why even someone like this hedgefund boss has an edge over your average bitcoiners. To the common public, crypto participant is a daydreaming ne'er to do well sitting in front of his computer with delusions of hitting it big someday. If you want crypto to actually grow, start acting professional. TLDR - check yourselves. You may have some points but the way I see it bitcoin doesn't need intrinsic value. That's a problem that doesn't need solving. Also, the adoption bitcoin has seen in countries like Argentina, Cyprus, Spain, Iceland etc. is not based on an attempt to be professional. They need to bypass corrupt politicians and lobbyists. Iceland is doing better that they have in a long time btw. Serving US interests abroad has done a lot of damage to these countries over the last decades. The only daydreaming I see is those who believed in economical growth as if it was God himself, and still do. |
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I never understood economists view of Bitcoin.
Gold is completely useless to me. I can't buy anything with gold. Nobody accepts it as payment.
They also use the word bubble a lot. Apparently they don't see the difference of bitcoins and the price of bitcoins.
The price of bitcoins can be a bubble. The technology behind bitcoin can not.
I also think they underestimate how fed up people are with government controlled currencies. They certainly did a controlled dive into the financial crisis.
Same with so called trusted services. If a service is "trusted", it has backdoors. People are not the horde of sheep they thought they were, and now they act surprised.
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All US enslaved governments are stacking up for another market crash as we speak. Once it goes live, bitcoin will see another round of adoption.
Bitcoin was created out of necessity so I doubt it will go away. Its the only healthy currency these days.
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What a pile of drivel. Nobody in their right mind would produce that much repetitive text.
Infact, it reminded me why bitcoin was created in the first place
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