Sorry buddy, all those satoshi dice transactions have priority - move over, bub!  |
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I don't get the johnny-come-lately trolls coming out to slander Tradehill.
I used them before they closed down, and I never had any problems. If it were a scam, I would've been hit on the trades I made.
That never happened. As for allegations about running away with funds, dogs and cats sleeping together and other rantings -- my experience doesn't mirror this creative fiction.
Glad you guys are back.
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History disagrees!
In the past month, we've had several flash-crashes, each one about 20% down from recent highs.
Even if you're a turbobull, until/unless we pass $125 it's silly to expect that bitcoins will never trade for less than a Benjamin.
The original post was done in jest - I was pretty sure we'd hit $100, just didn't know when. As for the charts - yes, I'd keep in mind that we could have another $20 decline at any time if we get overheated. Wouldn't really affect my long-term stance on bitcoin, though. |
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Well, we got there faster than I thought. Just another example of what happens when you say "never" about bitcoin.
Interesting times.
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I look forward to his capitulation when the banks start levying 'fees' to help them survive, ala Cyprus.
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Amazing, Godwin's law is alive and well.
Altruism is stupid? I suppose that is your personal view, because it is completely divergent from any community-centric thinking I've ever come across.
It actually saddens me that you think actions without profit are useless. What a horrible world it would be if everyone thought that.
I guess that simply shows you've never had anything but "community-centric" kool-aid. Take a drink of water now and again, it's good for your kidneys. I'm fully aware what the depths of the human experience can produce, but I admit it is a first where I've seen someone take a psychopathic bent towards empathy and eject it from their mental core. But perhaps I don't care to swim with sharks. The people I surround myself with I can trust. |
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I really like how he understands that bitcoin valuation in other sovereign currencies isn't the POINT of bitcoin. Excellent interview. This is how you run business in the bitcoin-sphere.
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My sneaking suspicion is that those banks won't open at all.
They're only increasing the probability of a run, and they have to know that.
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My point is this - there is a big difference between acting for the good of the system and acting merely to preserve profit. As the 'suits' would say, profit incentivizes completely different behaviors than altruistic ones.
I'm surprised I actually have to spell this out.
Altruistic is another word for dangerously stupid. And a dangerously stupid way to say dangerously stupid at that, because it makes it unapparent just how dangerously stupid the dangerously stupid stuff is. Bear in mind that the world's most famous altruist was Adolf Hitler. (Hint: he wasn't doing it for money). Amazing, Godwin's law is alive and well. Altruism is stupid? I suppose that is your personal view, because it is completely divergent from any community-centric thinking I've ever come across. It actually saddens me that you think actions without profit are useless. What a horrible world it would be if everyone thought that. |
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It should also be noted that SD was taken offline during the inadvertent hard fork.
Yes, it was taken offline - because he couldn't stand doublespends getting in the way of profitability. So what you're saying is that the incentives of the system make the people using the system behave in ways that help. Sounds good to me. Isn't that how a proper free market is supposed to work?  My point is this - there is a big difference between acting for the good of the system and acting merely to preserve profit. As the 'suits' would say, profit incentivizes completely different behaviors than altruistic ones. I'm surprised I actually have to spell this out. |
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It should also be noted that SD was taken offline during the inadvertent hard fork.
Yes, it was taken offline - because he couldn't stand doublespends getting in the way of profitability. If you think it was for any other reason, you're mistaken. It's pretty much been proven the only thing Erik cares about beyond himself is how much he can stack up in the corner. |
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Hehehe I knew the title of the ad would ruffle some feathers  Oh, and a troll too - I'm Tim's total lack of surprise. |
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Can you elaborate on Dwolla?
Short story, they "appropriated" something like $110,000 dollars from TradeHill's account, and never gave it back - after changing the rules on them. It was a swindle, pure and simple and I'll never forgive Dwolla for that. |
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Erik Voorhees is just another example of greed corrupting a once noble soul.
He can fix it, but doesn't think it is worth the effort - why should he, you're not the boss of him! You don't have those bitcoins rolling in! How dare you commoners try to point out his flawed implementation! And so it goes...
Once you're on that path, nothing will work - the money has taken over. Which is precisely why the transaction patch has been floated as a possible fix. Congratulations Erik, you're the first despoiler of the blockchain - how proud you must be.
I don't want SD to go away, he can continue to waterski behind yachts, I'd just prefer he didn't pollute the entire blockchain to do it.
"Greed corrupting a once noble soul..." Or maybe a more apt observation is "jealousy corrupting a once logical community" Bitcoin must handle 100x SatoshiDice. What happens if a nefarious group decides to spend $X creating dust on the blockchain en masse? Have you considered this? The community needs to face this fact. Criticizing me, or SatoshiDice, is a scapegoat and a foolish distraction. "If only Erik and his yachts would go away, Bitcoin would once again be healthy and happy!" Right... cause I spend my time waterskiing behind yachts.  Sure thing Erik - your blockchain spam machine is beyond reproach. How silly of me to question your motives - I mean, it isn't like you're profiting off of the backs of others in the system, right? You're just a little fuzzy bunny nibbling amongst the blockchain leaves, taking small pellet-like craps that the environment can tolerate easily. Wow, you really are just beyond help. Good luck with that, just remember we tried to talk some reason into you. |
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Erik Voorhees is just another example of greed corrupting a once noble soul.
He can fix it, but doesn't think it is worth the effort - why should he, you're not the boss of him! You don't have those bitcoins rolling in! How dare you commoners try to point out his flawed implementation! And so it goes...
Once you're on that path, nothing will work - the money has taken over. Which is precisely why the transaction patch has been floated as a possible fix. Congratulations Erik, you're the first despoiler of the blockchain - how proud you must be.
I don't want SD to go away, he can continue to waterski behind yachts, I'd just prefer he didn't pollute the entire blockchain to do it.
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Well, WSJ means that if there were any investment desks not aware of bitcoin -- they are now.
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Probably the first time ever that the "El-Reg" didn't take a steaming vulture crap on bitcoin. Amazing.
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I swear, its like these stories pop up right when I'm in the middle of other tasks... hah.
I'll have to dive in later I guess. The trolls are massing before they sleep tonight.
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This is important. The article is in the highlighted section - which means on Zerohedge it stays up top for a while - it doesn't get forced lower with other posts.
This is really a turning point - it is the first bitcoin story that had a pole-position spot on the front page.
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Bitcoin troll is obvious.
He thinks it is the end because he reads their guidance as law -- "As he sees it". Ah yes, how convenient for him. He got trounced in his last little screed, so I don't expect any different this time around.
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