Bitcoin Forum
May 09, 2024, 02:05:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Press / Re: How do I short Bitcoins? on: June 06, 2011, 01:07:26 AM
I'd like to sell short everyone's bitcoins on Mt.Gox and buy them back later for nothing.  Can someone please help me do this?  Do you know of any short markets for bitcoins?  I really hate this currency more than fiat and that should give you all a clue.  I can just see this is a central banker (gypsy) joke, get everyone to buy Bitcoins, and then create Bitcoin2 the newer and better bitcoin.  Followed by bitcoin3, bitcoin4, bitcoin5, Satoshi1,satoshi2, satoshi3, and all other QE equivalents.  So what if bitcoins are limited, the source code is all there for anyone and I mean anyone to create a new bitcoin and counterfeit the general idea and create infinite variants, how stupid do people have to be to sell their semiworthless fiat for something even more worthless as bitcoins? I mean I'm surprised someone hasn't already started BC#2 as the computation time is too high for BC#1.  Heck I might even start BC#2 but I want to know how to short BC#1 first to get the maximal return from suckers.  Is it Halloween because I see a bunch of 3 foot suckers with candy bags in their hands and I have a sweet tooth.  You know why this bitch coin hasn't been shut down yet?  Because the central bankers know you are going to get burned, and then they can regulate this whole shit to protect the morons.  Yes there could be peer to peer fractonal bartering without deflation or inflation and they know that and this is why they created this Canaanite (along with enriching their crooked pals) to prevent any future development by protecting and regulating Bitcoin morons.  I bet you right now some old grandmother is using all her dead old man's savings to buy this crap, and she'll be the first to be crying on TV in a 60 minutes interview how she was taken and there needs to be laws to protect dumb old grannies.

I can guarantee this is a good way to kill future central bank free money, like peer-peer fractional barter.  Get everyone suckered into Bitcoins and create an artificial scarce wake so nobody gets into peer to peer fractional bartering.  Then slowly introduce BC#2, BC#3, BC#1001 until finally people come to realize that there is no intrinsic value to BC#1.  Like I said I hate this monkey money more than I do the flimsy dollar bill.

2  Bitcoin / Bitcoin Discussion / Re: 99.9% of Bitcoin Haters are uneducated (regarding Bitcoin) on: June 06, 2011, 12:47:45 AM
My biggest beef is that the bitcoin scarcity thing is a bunch of bull.  I know that a bunch of bitcoin pushers are going to accuse me of being a central banker whore, but I mean really people what is stopping people from starting bitcoin2 or bitcoin3?  All the source code is out there available and ready for people to start their own new variants of bitcoin currency.  I'm suprised that more people are not doing this yet?  Maybe Satoshi is being noble, but then again he isn't stupid to start the bitcoin thing and be the first to compute the easiest coins and award himself the first 100,000 bit coins?  I mean its getting computation harder to calculate bitcoins, so why not start a new one?  All those fancy servers would be better counterfeiting a new bitcoin currency where they can gain easy computation of coins not the older currency where calculation are slumbered.  And at what point of bitcoin1, bitcoin2, bitcoin3 should people start to convert their fake fiat money into even faker bitcoins and which one?  Especially when the novelty of the thing wears off and people start to see that competing bitcoin currencies are a dime a dozen monopoly money. We will see that the Mt. Gox will always be in the most profitable bit coins, ie where the cost of creating new money is cheapest and the value of selling it is highest.  That may be the current incarnation of bitcoin right now but how long will that last when the reserves of surplus bitcoins falls due to selling to the suckers?  There is a sucker born everyday.  Fact is I hate Fiat currency! But I hate this geek currency even more!  Its smart enough for the originating crew to get the Nobel Prize on how to take whore fiat and exchange it for something even more useless all the while they are buying Hard metals with their bitcoins sells to suckers.  Wake up you fools!   
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!