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2821  Bitcoin / Bitcoin Discussion / Re: Bitcoin going the Silver Way on: March 02, 2018, 08:24:22 PM
forget about the 'all-time-high' prices
those prices are just empty speculation hype, which in many financial industries call the bubble price

look only at the 'all-time-low' prices long term and draw a line
 and you will see a more steady incline(rise).
yes this ATL price is much lower. but this line is the resistance point where people will refuse to sell below unless they are stupid.

this line is more commonly what smart investors would deem the true value.. and as i said at first, anything above that line is just speculation.

 
2822  Bitcoin / Bitcoin Discussion / Re: The end of the banks due to bitcoin on: March 01, 2018, 07:20:39 PM
banks have LAWS such as legal tender, minimum wage and tax that ensure that FIAT stays in circulation. so they are not worried. cryptocurrencies do not affect their business model.

after all when one person buys bitcoin. their fiat does not burn up. it just moves to the sellers account.. meaning fiat is still in circulation .. this is why banks dont care how many cars people buy or how many iphones people buy. to a bank fiat just moves from one account to another. and that goes for cryptocurrencies too

banks will however close local bank branches and cut costs in the future
banks will change their current database model (that require tonnes of security and auditing) for a blockchain equivalent data store (research hyperledger)

eventually it will all be done via an app on a phone and if your lucky a call centre. but be sure of one thing, while there are LAWS that keep fiat in circulation. banks and governments will still control 99% of common use finance.

that said. international trades and local trades between private parties/smaller businesses will offer accepting cryptocurrency. but remember cryptocurrency is just code.. it has no voice, no arms no legs. so dont sit on your arses waiting for cryptocurrency to jump up and have a meeting with your local retailer/landlord to get them accepting cryptocurrency. if you want it to happen in your area, you have to push for it.
2823  Economy / Speculation / Re: how do you think about bitcoin prices from last year compared to this year? on: February 27, 2018, 10:59:17 PM
i do not look at the highs.. thats just the speculative bubble area..

i look at the long term lows. thats the true value resistant point. and over time it has had a nice smooth rise
2824  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 08:19:56 PM
screw it
heres proof that craig doesnt understand satoshis vision
https://www.youtube.com/watch?v=64E8FzUd0no
just watch the first 4 minutes
(P.S craig skpyed from his UK home because he cannot attend the sydney event in person out of fear of arrest)

just grabbing data from a third party and trusting it is not satoshis vision
satoshi's vision is decentralised and trustless..
craigs vision is oligarchy and trusted.

nodes have a function. its the whole point of decentralisation
imagine a pool made a block.. if nodes accept it. then they will reject the other pools competing block. if a node rejects the block then they accept the competitors block.

this is why pools have a 100 confirm maturity on their block rewards so that they can only spend funds when the network deems a block valid and then on a 100 block ahead of it length that there is little to no chance of it being bad.

merchants need a clear and checked blockchain that they have checked themselves and not just trusted that a pool has checked.
after all bitcoin is trustless.

if we followed craigs rationale that merchants and users should not run nodes and just trust what pools send out is valid.. we are no longer on satoshis vision, but (ELI-5:) simply accepting a bank statement that a bank sends us

gotta laugh at his mindset at the 4th minute.. "the vision of bitcoin is wrong.. it would be great if we had banks in countries running bitcoin"
lol that video alone and that quote alone really shows he has no idea about satoshi's vision nor the real point of bitcoin
did you even look at the message in the genesis block. satoshi hates banks and wants people to move funds without banks
craig wants the opposite
2825  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 07:49:21 PM
but since when are getting theologic more passive people like Wright themselves into such huge legal trouble on purpose? for greed of attention? thats not a usual human behavior pattern,

for me he looks like someone that accidentally got himselve into that trouble, wouldnt deny him bitcoin foundership though, i am waiting for a private social profile weather the theory of the asian and IT affine free time coder theologist can be ruled out.

but well fine i have other things to do, buterin nevertheless does crappy assumption on limited information. i was quite pissed of that so i wrote that article.

dont do assumption on things you dont know because that can be quite a lot...

he is not a passive person. have you seen his youtube video's he is arogant and self centered

those that have worked with him have said his attitude stinks
those that have done business with him have seen him for what he truly is.

please do your research
P.S read the letter from dave to craig in the link i first posted to the other topic.. dave never gave craig a penny.. davs brothers case is empty of anything.. its all a ruse to bait media attention again and then when the case falls flat.. use the case fallin flat as empty proof..(like a double negative hoping its enough to make a positive)

and thats buterins point.. craig does all this deceptive crap to avoid just signing a message. craig even bribes people to write stories in media and getting people he knows to open a court case they both know wont go anywhere.. rather than do the simple task of signing a message or moving the funds.

the reasono craig is doing all this
1. he got caught red handed running a scam
2. he hows hundreds of millions to not only the australian governemtn but to many investment companies.
3. he has the australian government on his back
4. he has many corporations on his back

if he didnt owe multiple millions he would not bother with this. but because he cant really return to australia without seeing handcuffs and he cant clear his name any other way. all he can do is dig himself a deeper hole and hope people are dumb enough to believe him based on paid for media stories.. not proof

craig is not relying on providing proof.. but just using media to provide "reasonable doubt"
2826  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 07:35:54 PM
PS: there are no good and reliable sources in the internet, one should rely on typical millenia old human behavior patterns, and Wright showed them.

there is plenty of evidence
read the stuff from the australian tax authorities, read from the companies that got scammed from his tulip trust collateral

he is being chased left right and center by many people with court orders against him..

oh.. and funny part is this latest daves brothr sues craig..
that story is a double agent scam..

heres how it goes
person C wants to prove he is S.. so he writes a list of public information and gets D to witness it.

D's brother knows its all fake but C will pay D's brother if D's brother tried to sue C

the ruse is this.
show the list of public information that disproves D's brothers case.. (done purposefully between C and D's brother knowing thats whats gonna happen)

to then pretend the case itself is the proof that C must be S.

even though there is still no private key used to prove the funds are in C's control

craig wright is trying all these stupid ways to try getting the aussie government and a bunch of corps he scammed off his back. but he knows he cant actually prove he owns the coins with real proof. because he doesnt have the keys.

all he can do is use media and stories and now a fake lawsuit that is designed to fail, purely to make the failure look like the proof. without actually showing proof
2827  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 07:12:42 PM
2. as an australian professor under strong asian cultural influnece,

he is not a professor/lecturer!!!

he was a unpaid adjunct academic. not a paid adjunct lecturer
the difference is simple

he was a student that got free scholarship by being a shadow(teachers assistant).

please please please do your research.
also you keep obsessing over the asian influence.. sorry but you need to do alot more research..

P.S reddit and linkedin are not good sources. look deeper
2828  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 06:49:33 PM
....

lol all im reading is your belief and faith like he is your god..
your sounding like a religious believer in him more so than a fact finder.

next time use knowledge and facts, not emotions and beliefs.
sorry but real world evidence supersedes your beliefs

but have a nice day
2829  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 06:37:30 PM
neither butrein, craig or dave are satoshi..

here i made a short versioon of why dave and wright are not satoshi
https://bitcointalk.org/index.php?topic=3032215.msg31194506#msg31194506

.. might help you research better


you cant use writing style of articles to assume a persons profile because this guy goes publicly through a lot,
the asianised westerner/australian theory puts wright indeed into likelyness of bitcoins foundership
additionally he has a lot of Coding Knowledge of Bitcoin, which doesnt come out of nothing, buterins assumption are amateurish.
wright as IT professor and asianised westerner/australian could indeed be the despised Bitcoin founder, that the world for stupid reasons still Ignores.
Check his private affiliation with east asian Culture, and you will find the truth. he is a proffessor in a university in australia shouldnt be hard to find out.  Roll Eyes

charles sturt denied giving him a PHD
craig wright said his PHD was in theology... not computer science.

plus he is not a professor in australia.. he is hiding out in the UK and cant return to australia out of fear of arrest

please research harder.
2830  Bitcoin / Bitcoin Discussion / Re: Buterin decepts with fallacy, Wright likely to be true Bitcoin Founder on: February 27, 2018, 06:25:07 PM
neither buterin, craig or dave are satoshi..

here i made a short version of why dave and wright are not satoshi
https://bitcointalk.org/index.php?topic=3032215.msg31194506#msg31194506

.. might help you research better
2831  Bitcoin / Bitcoin Discussion / Re: Cobra's open letter to the Bitcoin community to change the mining algorithm on: February 27, 2018, 06:11:04 PM
the same cobra that wanted a total rewrite of the satoshi whitepaper but still wanted the rewrite to be called the satoshi whitepaper

2832  Bitcoin / Bitcoin Discussion / Re: Why does certain people called Bitcoin as bubble investment? on: February 27, 2018, 05:16:38 PM
Bubbles are incredibly difficult to pinpoint. Only in hindsight does it become clear.

Look no further than Bitcoin in 2013. Bubbled up to $1200 and popped down to under $200 thanks to Mt Gox. In the rear view mirror it appears obvious. At the time, it wasn't. Lots of the sentiment you hear now is exactly the same as what was being thrown around back then.

I'm not saying we're in bubble territory, but I'm not naive enough to dismiss the idea completely. What happens if China government regulation comes down hard? What if it comes out that Bitfinex is conducting massive fraud? These things could cause this to come tumbling down really quickly.

Being skeptical of current valuation after a 10X run-up in less than a year isn't necessarily a bad thing. Being blindly loyal is.

for me its simple.
IGNORE the high price and the "all time HIGH"..
instead look at the all time LOW
draw a line.. and that there is your resistant point. anything that goes stupidly above that in a short period has a higher risk of tumbling back down to the resistance point. but the resistance point is your safety net
2833  Other / Meta / Re: Is the bitcointalk merit system democratic? on: February 27, 2018, 12:29:37 PM
I couldn't agree more. I dislike this merit system totally, although I understand that good motive behind it it is not at all a solution and it penalises, as you said, new members.

It has also made a lot more difficult to advance in the ranks.

I hope the old system based on activity will be restored, perhaps with some corrections... but not this awful merit system.

just write good posts because ranks are meaningless.

dont blame legends for not helping your promotions for a rank, which by the way doesnt really give you any advantage.
instead do a good job and you will get noticed

legendary members dont need merits because they are already "top" but legendary members wont give merits unless they see the person posting is actually thinking about a topic or questioning a certain subject in a way that deserves a pat on the back.

legendary members dont think about it as 'this person needs a merit because he deserves to be promoted to legendary faster than others'. they give merits because the post had content worth a round of applause.

stop thinking about merits as a promotion. think of it as a job well done.
like employment. dont cry because your employer isnt promoting you faster purely because you have only had the job for 6 months. instead do a good job and you will get recognised, given a pat on the back.. and as the subtle side effect of doing a job well done often. you will get the promotion sooner.

i would employee a fresh recruit sooner if they showed good understanding and a out-of-the-box mindset compared to a employee who has 25 years under their belt just plotting along doing the same boring thing each day

after all.. even if you are legend tomorrow. your not really going to get anything from it.. i certainly have not seen any benefit of being a legend. and i been on this forum since 2012.

a good real life scenario is the whole florida students vs NRA/senate.. more people are interested and praising the florida students for their words compared to the high ranks of NRA/senate

respect and acknowledgement is earned. not given
2834  Other / Meta / Re: Is the bitcointalk merit system democratic? on: February 27, 2018, 11:59:32 AM
i personally dont base my biases on ranking. i base it on how well thought out their posts are.

EG did they sit down and have a coffee and really think about what they were going to post. or are they just being sheep to the propaganda of reddit. copy and pasting nonsense and using the obvious buzzwords of the month that show no original thought

many people know i have helped and supported "noobs" to understand better, and also facepalmed and treated some legendary members as naive dimwhits.. purely based on what they post. not their ranking


as for democracy.. sorry but merits are not some voting system of elections anyone.. its more like a round of applause or a well done pat on the back. nothing more
Thank you franky. Good to know ... by democratic, i don't mean vote in that context. I was referring to everyone getting equal attention.

for me the equal attention comes from how accurate the title and content of the post is.
just like media news headlines. if the title of a news headline is boring it wont get my attention. if its inaccurate id read it and try to correct the person. if the title is groundbreaking and interesting id read and give it my attention.

i would say the titles on the main page do not reveal merits. so its the title that grabs attention.. not merits.
because you dont know what someones merit is until you have atleast read and clicked the title.

so if you want the attention. write a good title for your post
2835  Other / Meta / Re: Is the bitcointalk merit system democratic? on: February 27, 2018, 11:49:33 AM
i personally dont base my biases on ranking. i base it on how well thought out their posts are.

EG did they sit down and have a coffee and really think about what they were going to post. or are they just being sheep to the propaganda of reddit. copy and pasting nonsense and using the obvious buzzwords of the month that show no original thought

many people know i have helped and supported "noobs" to understand better, and also facepalmed and treated some legendary members as naive dimwhits.. purely based on what they post. not their ranking


as for democracy.. sorry but merits are not some voting system of electing anyone.. its more like a round of applause or a well done pat on the back. nothing more
2836  Bitcoin / Bitcoin Discussion / Re: Bitcoin is just a speculative asset, not money? on: February 27, 2018, 10:15:01 AM
bitcoin is essentially an asset currency

Which makes it uncertain how some of the government regulators should move forward in regulating Bitcoin and altcoins. Regulating it as a commodity might make void the law on "operating as an illegal money transmitter" which has imprisoned some Localbitcoin traders in America.

Regulating it like a paper currency within the definition of the law makes it not so because Bitcoin is not legal tender, leaving some judges confused.

Satoshi has brought so many legal headaches. Hahaha.

a commodity is a raw material used to create other produce..

this is where people get confused.. because of the 'gold comparison'

gold sits in more than 1 currency sub-category
commodity:- the market for buying and selling gold to use in industry for jewellery and electronics creation
asset:- gold investments (holding in a vault)

just because gold asset has been compared to bitcoin. does not mean bitcoin has the same attributes/utility/function/tangibility as gold commodity.

bitcoin is nothing like wheat, beef, oil, cocoa, potato (commodity)
bitcoin is an ASSET not a commodity

anything can be a currency (its an umbrella term)
legal tender/fiat/money are the same sub category as each other

asset is a different category from money
commodity is a different category from money

currencies can be used even in places where its not accepted as 'money'
EG
in america retailers and tax agents do not consider the euro as acceptable 'money'/legal tender. they only want to and are legally obliged to accept the dollar as money..

yet to hundreds of millions of people across the ocean away from america, europeans accept the euro as money. but not the dollar.

that said..
the local bitcoin traders getting fined/imprisoned for running a illegal money business has nothing to do with bitcoin. but to do with the other 50% of a trade.. the fiat they handle.

yes when they buy/sell bitcoin they swap it for fiat. and its the handling of fiat that gets them in trouble.
EG
if they swapped bitcoin for a tin of baked beans they would not be a money business, but instead a retailer
2837  Bitcoin / Bitcoin Discussion / Re: Bitcoin is just a speculative asset, not money? on: February 26, 2018, 10:25:46 AM
money and currency are 2 different things

think of currency as a umbrella term for anything people want to trade.
married couple, exchange sexual favours for gifts at valentine/birthdays is a currency.. yes sex is a currency
prisoners, exchange cigarettes or chocolate pudding between inmates.. yep cigarettes and desserts are currency
friends, exchange a bottle of beer for having a friend help them with fixing their car or doing a bit of DIY. yep favours and alcohol are currency

anything can be a currency. and yes bitcoin is a currency.

now that part is sorted.
..

"money" is a sub category of currency with specific limitations, definitions and utility.
for instance its just a widely known and accepted medium of exchange usually accepted nationally by that nation wrote on the banknote.
(yes some retailers dont do cash transactions and only want credit cards so even bank notes are not 100% accepted everywhere)
(yes some retailers dont do credit cards and only want cash transactions so even credit cards are not 100% accepted everywhere)

an asset is another sub category of currency. with its own definitions and utility, this is more of a value store with only the occassional use as a medium of exchange
antique furniture/art
gold coins/jewellery
company shares
bitcoin

bitcoin is essentially an asset currency
2838  Bitcoin / Bitcoin Discussion / Re: 🎯 The largest Canadian bank TD Bank has banned the purchase of crypto currency. on: February 26, 2018, 10:12:45 AM
firstly the title is misleading.. the real title should mention its about using credit cards..

secondly the reason credit cards are banned which people fail to explain properly..

credit cards come with credit limits. pre-agreed limits of spend ability based on how much a person can repay. it does not matter if its bitcoin that might get returns or a car that may never make returns and end up in a scrapyard never to be resold.. it does not matter.

the real reason is not about "investment risk".. its about chargeback scamming. because unlike a debit card or wire transfer that only costs the sender/recipient losses.. a credit card chargeback costs the credit card company money.

but they cant advertise that chargeback scamming exists as thats an advert for everyone to do that with every purchase they make when buying anything.
2839  Bitcoin / Bitcoin Discussion / Re: COINBASE just admitted they are an IRS front - Will Turn over all data to IRS on: February 26, 2018, 09:27:00 AM
i find it funny
ofcourse coinbase has to follow fiat regulations.. they handle fiat


firstly people use FIAT exchanges but then cry about fiat laws of those exchanges
then people blame bitcoin and say bitcoin was birthed by government
then lastly they say just treat bitcoin as a investment to get more.. wait for it.. fiat
(triple facepalm)

instead of crying about fiat laws and blaming bitcoin.. how about go ask you local retailers/landlords to accept bitcoin so you'll never need to touch fiat.
2840  Economy / Speculation / Re: Can you explain why BTC price is going down now? on: February 25, 2018, 05:19:19 AM
in 1984. a japanese bitcoin prophet predicted what the price of bitcoin would do 30+ years ahead, and he done this while painting a fence
click the imgur link to see the punchline
https://imgur.com/UfxyGcU
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