You sir are a nutcase
Says the man with a post count of 3. Lots of people here still so afraid from being alienated that they don't speak their mind with their main account... Thanks to the Pillars Of The Community here. |
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That's no longer true, at present pretty much everybody who hasn't been living under a rock these past two years has head of it.
this is incredibly false. if you go around and ask 100 random people if they know what bitcoin is, you'd be hard pressed to find 10 that say yes. If you come around like a Bitcoin Nutter they probably say no and walk away just to avoid to tip you off. I know I would. I suspect the same would happen if you ask them about Amway or Scientology. |
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Epic belly flop. But how much worse can it get at this poing
It can stay there. Which is most likely will since Jed "Armageddon" McCaleb is dumping his haul. he can't dump anythign before 3years.. What you all don't understand is that ripple will sign probably several DOZEN of banks this year. This almost can't be stopped now. I understand that it's possible they get a bunch of banks aboard, but that's more like a slim chance, a gamble. How many they got now two, three tiny ones? |
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Post that ripple chart as a log chart please.
lol |
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Price is not important. Just look at the volume.
riiiiiight |
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Epic belly flop. But how much worse can it get at this poing
It can stay there. Which is most likely will since Jed "Armageddon" McCaleb is dumping his haul. |
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Lol, you Bitcoin Nutters still cling to the idea that, if only more people would know about it more people would use it.
That's no longer true, at present pretty much everybody who hasn't been living under a rock these past two years has head of it. Most people just don't want to use it, deal with it.
And making fun of something pretty much is by definition contrary to taking it serious.
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These volume comparisons are ridiculous anyway, the exchanges could just publish their liquidity in the api, and that could even be with cryptographic proof for Bitcoins and with official auditing with fiat.
But hell, no this is Bitcoin, nothing happens here as long as suckers send more money right?
Till the next GoXing...! (or should we say StamPing amirite??)
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Dear tacoX Customers, In the event of recent news reports and the potential repercussions on tacoX's operations and the market, a decision was taken to shut down and keep all your money. We will be closely monitoring the situation and will react accordingly. Best regards, tacoX Team  Thanks for luring me into this trap The worst is yet to come  yeah charts are looking v bad right now. As you come to this realisation you lean your forehead against one warm soft wall and laugh until tears flow down your face. You've won. You've won. You've won. |
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Dear tacoX Customers, In the event of recent news reports and the potential repercussions on tacoX's operations and the market, a decision was taken to shut down and keep all your money. We will be closely monitoring the situation and will react accordingly. Best regards, tacoX Team Thanks for luring me into this trap The worst is yet to come |
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Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up for $20 and calling the next bubble and reversal !!!!? what a delusion, you have been doing this since $800
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.
Shitting? Fear? No, this has all happened before and will probably happen again.. Irritation, annoyance, yep... I wanted to buy a lambo before I turned 24 damn it. Why do nerds/geeks have such an obsession with "lambos": is it some sort of compensatory reflex? It is a way for some people of showing their wealth which greatly increase their chance of success with greedy  . *If you consider that most are greedy then it increase your chance with . It is also a way of showing your social status and get respect from your peers (if they like Lambo too otherwise they'll think you're just an insecure small dick). |
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Bitcoin is starting to become a common synonym for Bitcoin Nutters and it's their own fault. This is what the general public thinks of you:  |
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If I discovered Bitcoin just now, I'd buy the fuck in.
If I discovered Bitcoin just now, I'd be living under a rock. |
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Reminder:
The first time we had volume this high on the daily was when SR went bust.
:^)
That's bullshit. Both the 1200 peak and the following lows were higher. |
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One doesn't have to think that climate change is a superstition to argue against the idea that bitcoin mining is an ecological disaster.
I'm all ears. Found it. Let me know what you think about his perspective: https://www.youtube.com/watch?v=hLsKx39mWqIThanks, that's a little boring to watch since I already know what to response (I watched the prior chat about the conclusions and a little of the talk itself) He's making one fatal error in his assessment: Bitcoin mining scales linearly with market cap. The amount of value representing Gold & Fiat Money aren't considered in his comparisons, but they should. The ecology should be represented in value per energy not absolute energy. The amount of value both in market cap and transaction value is so much higher with Gold and Fiat money that it distorts the conclusions he makes. I also don't think that energy efficacy will improve to that extent (it won't tend to zero if Bitcoin remains important). So far the power consumption has been increasing linearly with market price and more efficient machines simply did only offset it during the transition with even higher power consumption overall in the long run. I'd like to see a trend of power efficiency in [Transactions/Joule] and see where that is headed. I doubt you can extrapolate an asymptotic trend. I think it's linear perhaps slightly logarithmic. The last point is you wouldn't want to exclude the manufacturing costs of mining equipment nor the cost of exchange infrastructure if you compare it to the operational costs of banks. |
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Ok, now for some biggies:
-) Bitcoin mining is an ecological disaster
Ecology, or more properly in this context, global warming (later renamed global climate change) is a modern superstition. One of many. Humans need something to believe in and with god being dead and all, new ones had to be invented. This is not a conscious process, but real nonetheless. One doesn't have to think that climate change is a superstition to argue against the idea that bitcoin mining is an ecological disaster. I'm all ears. |
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Ok, now for some biggies:
-) Bitcoin mining is an ecological disaster
-) No incentive for nodes to relay transactions once the block subsidy has demised.
-) There are Governments who actually do ban Bitcoin itself.
One about the fundamentals of life on earth, one about the fundamentals of the protocol and one about the fundamentals of society.
Posts like this make me happy. It's proof that there are dumbasses in every generation of adoption, not just the most recent one. No U. Ecology, or more properly in this context, global warming (later renamed global climate change) is a modern superstition. One of many. Humans need something to believe in and with god being dead and all, new ones had to be invented. This is not a conscious process, but real nonetheless.
The mining reward is not just the block subsidy. It's also transfer fees. As traffic increases and reward halves the subsidy will play a smaller part and transfer fees a larger one. Remains to be seen how effective this will be, but that is the idea.
Government bans are bullish. It legitimizes bitcoin as a serious product, if not a threat. Has no to positive effect on the black market, which is huge - some say bigger than the legal market.
1. Even if you don't believe in climate change the ecological impact of using energy in that matter is an issue. Ignorance of these issues are wide spread amongst right wing libertarians nut I can still blame you for your ignorance of the subject. Do you deny that ecological responsibility is necessary for sustained survival? 2. You seem to lack understanding of the issue: The transfer fees are exactly the problem, they provide a counter-incentive for nodes to relay transactions. see: http://research.microsoft.com/apps/pubs/default.aspx?id=156072Many large decentralized systems rely on information propagation to ensure their proper function. We examine a common scenario in which only participants that are aware of the information can compete for some reward, and thus informed participants have an incentive not to propagate information to others. 3. Typical Anacap Hubris, do you really believe that yourself? |
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Ok, now for some biggies:
-) Bitcoin mining is an ecological disaster
-) No incentive for nodes to relay transactions once the block subsidy has demised.
-) There are Governments who actually do ban Bitcoin itself.
One about the fundamentals of life on earth, one about the fundamentals of the protocol and one about the fundamentals of society.
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none of the positive fundamentals for Bitcoin have changed
none of the negative fundamentals for Bitcoin have changed either |
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