Bitcoin Forum
June 22, 2024, 08:39:51 AM *
News: Voting for pizza day contest
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 »
141  Bitcoin / Bitcoin Discussion / Re: Let's bury Bitcoin and cryptocurrencies once and for all on: December 30, 2017, 09:49:38 PM
Exposing crypto currencies as ponzi schemes and showing that they never had nor ever will have anything to do with money is an incredibly easy task to do. All one needs to do is to look at one simple concept -the concept of number. A number is defined as a mathematical object used to count, measure, or label things. Now, given this concept let us ask one simple question: What 'thing', is measured, counted, or labeled, with the number called bitcoin?
.... the rest you can watch in this short Youtube video:

And what is money? It only recognizes papers as a value. Why BTC can not be money. It's a contractual issue. Depends on demand and supply ...
In a banking system all money comes from debt. So when new money, dollars for e.g., are created, in the same time, some individual, company, or organization became legally obligated to pay these dollars back. That's the nature of debt - it must be paid. In other words, every dollar that is currently in circulation, must eventually be returned to FED or commercial banks. That means that those who received dollar loans and put dollars into circulation are forced to get these dollars back by selling their goods or services to people who have dollars. Otherwise they will fail to make necessary loan payments and as a result they will be taken to court and the banks will seize their property.
So due to the fact that dollars come from debt and debt must be paid, people who have dollars do not have just a piece of paper with some numbers on it, but instead, they have legally enforceable rights to goods or services of people who received the loans. Dollar is therefore a property, which is by definition a resource with real or intrinsic value.Regarding cryptocurrencies, since they didn't originated from debt, nobody is legally obligated to use them to repay the debt, which is why cryptocurrency holders have nothing but mere numbers. And if a situation occurs where nobody wants to accept cryptocurrencies in exchange for goods and services, no legally enforceable right exist upon which they can get some kind of value out of them. Hence, all that these people have is hope and faith that someone will exchange their numbers for something useful.

that's all well and good. except the very same caveat applies to any currency. the very moment people decide to stop accepting it, legal tender or not they become just as meaningless. Even a gold standard currency can become worthless the minute those controlling it choose to stop releasing the gold.

If everything breaks down, then crypto is actually more survivalistic than any single "regular" currency. Yes, you don't have piles of printed paper to stuff a deposit box with, but that paper indicates something just as tangible and similarly fungible as cryptocurrencies do. ANY system collapses the moment people chose to stop accepting it as a system. that's not a discovery.
142  Bitcoin / Bitcoin Discussion / Re: Let's bury Bitcoin and cryptocurrencies once and for all on: December 30, 2017, 09:45:06 PM
You are asking a meaningless question here, bit the answer is easy, you are measuring ownership of a scarce resource.
From when is number a scarce resource?

since blockchain technology invented digital scarcity. that's basically the Whole point of the technology behind Bitcoin etc.
143  Bitcoin / Bitcoin Discussion / Re: Let's bury Bitcoin and cryptocurrencies once and for all on: December 30, 2017, 07:44:38 PM
You are asking a meaningless question here, bit the answer is easy, you are measuring ownership of a scarce resource.
144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: December 30, 2017, 05:26:28 PM
If you visit Binance (the ones hosting the competition) on the top panel, where you see various ad banners, you should see the one announcing the Lamborghini competition - underneath it, a countdown. 3d 6h atm.
145  Bitcoin / Bitcoin Discussion / Re: Crypto & the environment on: December 30, 2017, 05:19:36 PM
Your friend is an idiot, and not because they care about the environment and potential damage done to it.

The blockchain is absolutely pitiful ammounts of data to store. anybody can store the whole blockchain as of today on your average few-years old laptop without any problem. Data storage is not an issue, not for crypto anyways. compared to the data generated every day, it's far less than just the text messages generated by whatsapp are. and that's including the fact that the blockchain needs to be copied MANY times over to many nodes.

She takes the typical, ignorant stance of the technophobic enviornmentalist, where the solution to all problems are "going back to" whatever they identify as being the better solution. It's quite obvious that the relatively small ammount of energy used to mine bitcoin can hardly be compared, in its environmental impact, to almost any other system we rely on, from agriculture to transportation, to clothing, to mere water drinking.

Not investing in crypto can be a sensible choice for some, but definitely not for environmental reasons. Using email damages the environment orders of magnitude more, and does not generate any profit for the user which could then be used for actual positive interventions.
146  Bitcoin / Bitcoin Discussion / Re: Time to think in decentralized exchanges? on: December 30, 2017, 03:13:02 PM
Exchanges are a somewhat antithetical to (most) cryptocurrencies and thier goals. They are, today, a fundamental component of the ecosystem... but they will eventually lose relevance.
Projects (eg. exscudo etc) with strong decentralised exchanges exist, and will imho eventually take over, however the "weak link" of the FIAT centralized Exchange will continue to be one of the bigger points of failure for quite some time.
147  Bitcoin / Bitcoin Discussion / Re: How many people use multiple addresses or wallets? on: December 29, 2017, 06:25:35 PM
I use about 6 wallets, only one of which is a proper hot wallet. this, and I use different address almost for every transaction.
These are fairly basic security and safety practices.
148  Other / Off-topic / Re: What wallets do you use? on: December 29, 2017, 06:22:46 PM
149  Bitcoin / Bitcoin Discussion / Re: Bitcoin now make it super easy to fund something in full secret on: December 29, 2017, 02:02:13 PM
Bitcoin is far from anonymous.
It is just the opposite.
Every transfer is in the blockchain and traceable.

If you want to go anonymous then I suggest that you look into some other coins,
like Monero, Verge, Deeponion, etc.

And what could the blockchain do? It does not give you any info other tha transaction.

The blockchain provides link and history information. all an antagonist has to do is to find another poor secop in your behaviour and link the account to a computer or human.
150  Bitcoin / Bitcoin Discussion / Re: The Prophet of Crypto says HODL BTC as it hits 10k floor XRP set to run again on: December 29, 2017, 12:56:14 AM
Do we really, really need to mention what usually happens to people that follow magicians, time travellers, and prophets?
151  Bitcoin / Bitcoin Discussion / Re: Hardware Wallets Difficult to Use on: December 29, 2017, 12:03:54 AM
Hardware wallets are easy to use, for BTC I'm happy to even use my "current account" on on OTG, no problem whatsoever.

Depending on your wealth and needs, 3-4 hardware wallets and a couple of paper ones should be ideal for a serene sleep. Also not a bad idea to keep a tiny expenses (sub 10k$) account on a live wallet to avoid exposing the secure wallets too often.
152  Bitcoin / Bitcoin Discussion / Re: Why BTC don't evolve ? on: December 28, 2017, 02:58:07 PM

BTC has a big dev team, which can act only by consensus i must admit it but still one of the biggest and oldest team in cryptocurrency world.

Why the f*** they don't evolve as faster as others ?? What are they waiting ?

They don't have the moon stone.
You really don't want a financial system changing with unproven technology every other day. There needs to be a system grounded in stability to support something like bitcoin
153  Bitcoin / Bitcoin Discussion / Re: Illuminati on: December 28, 2017, 02:55:55 PM
Who else think BTC is controlled by Illuminati? Saw some intersting articles which poped up in my news feed.

plenty of nutters do.
154  Bitcoin / Bitcoin Discussion / Re: Bitcoin now make it super easy to fund something in full secret on: December 28, 2017, 02:55:08 PM
Well for me bitcoin is the most safe and secure payment method and just keep being mad about the anti western cosplayers movement especially when some Asians start to take part on the movement, I wonder what your reaction will be when you see the current balance for the anti western cosplayers movement have reach much more than your own bitcoin, mwahahaha

"for you" is wholly irrelevant. Anyone can have an opinion, this doesn't make a bad one true. IF you rely on bitcoin and bitcoin alone for anonimity, and you do something actually Worth investing effort against, you will be caught and suffer the consequences. This is a simple matter of fact.

PS: (oh come on guys, sometimes being juvenile is a _little_ fun) how much's the balance so far? :grinn: come back when you're 1 in a million.
PPS: As a TCK, this resurgence of racism seems all incredibly laughable. you're not going anywhere.
155  Bitcoin / Bitcoin Discussion / Re: Bitcoin now make it super easy to fund something in full secret on: December 28, 2017, 12:32:57 PM
If you are talking about ip issue then I think I can handle that stuff, just keep being mad over the movement I'm on and hoping it will not catch on.

I could care less about your movement, it's a joke.
What irritates me is the false message you are sending people regarding the security and anonimity they can expect using Bitcoin. bad information can be very damaging.
156  Bitcoin / Bitcoin Discussion / Re: Bitcoin now make it super easy to fund something in full secret on: December 28, 2017, 12:43:40 AM
That is what mad peoples will say out of fear that more Asians will unite and become more cautious at westerners or even see westerners badly, not that the intention is to black paint westerners in the eyes of Asians.

As for bitcoin, it is the only money transaction method so far that don't equire you to register anything so it is in full secret.

It's inevitable that a silly hate movement would be pushed by incompetent people... thank your good star you're not actually doing anything relevant. If your "movement" was actually of interest or bother to anyone in the real world, you'd be annihilated with your absurd misconception of how tecnology works.

Sure, you don't need to register anything to use full wallets. and this means exactly _nothing_ with respects to anonimity. Even without entering the very complex discussion of traicing coins through the blockchain, your operations are amateurish to the point you'd be caught in mere seconds.

Bitcoin is not a provider of anonimity, and while your parody of a movement won't suffer from this, it's important to keep the record straight for those who might be seeking safety and anonimity for serious reasons. Bitcoin can be a tiny part of a secure operation, but there are other currencies, and so much more to consider.
157  Bitcoin / Bitcoin Discussion / Re: Bitcoin now make it super easy to fund something in full secret on: December 27, 2017, 10:14:44 PM
Well, just be careful because Bitcoin is not designed to guarantee anonimity. You might be far less covert than you think.
158  Bitcoin / Bitcoin Discussion / Re: The electricity required for a single Bitcoin -power a house for month on: December 27, 2017, 06:31:09 PM
Everybody can afford to mine. It won't be profitable, but they can.

If energy use actually ever became a real issue, it wouldn't take all that much for the community to change algorithm. If there will be a need, things will move towards--as usual--a new Equilibrium.

The "bubble" might eventually explode, but it won't be down to energy use.
159  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DSO] Xarcade | Powered by NEM on: December 27, 2017, 12:35:07 PM
Even if you're "just looking to sell for a discount" rather than "collect money" (you do realize this makes comical amounts of sense right?), you need to go into the specifics of what you'll be doing way, way more.
160  Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin now is the same as stealing on: December 27, 2017, 10:58:52 AM
My question is... how big a fool is the chap that thought about buying a few bitcoin in 2011 and chose not to?
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!