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BTW, to people who are expecting a pump after the release of RC4, I don't think it is going to happen, buy the rumors and sell the news.....
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interesting buys are happening, and bids are following to support the price.
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O.K..... So fucking what?  If BTC does NOT last 20 years, then who gives a flying fuck. There is a lot of time between NOW and 20 years to adjust our investment portfolio. We are investing today, and we can cross that next investment decision bridge when we get there or if we get there. For NOW, BTC is one of the best investment vehicles in town.... so why NOT invest into it, and see where it goes? If in 1 year or 2 years or 5 years, we need to reassess the situation and reassess our investment portfolio, then we will reassess the situation at that time. I don't know why you are frustrated ? did I say it is not ? because now you are putting words on my mouth, the thing is like we say here: you are jerking off the air, I don't understand about what you are getting pissed off? |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin. this is exactly what I was trying to say, you just did it better, thanks. looks like you quoted yourself.  fixed, thanks  |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin. this is exactly what I was trying to say, you just did it better, thanks. |
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I will make sure he wont find about it  no seriously, I might be a little harsh lately, but I wont take all the credits, people are getting more nervous and intolerant, the only time people are cheering here (bulls and bears) is when a bubble happens. so we need one ASAP. they like it when you say what they want to hear, even if you draw some nonsense lines on a chart ( as I was watching lately), but the moment you say anything they don't like ( and most of the time it is true) you become the asshole imbecile and the low life that no one want to hear. To be fair, the main issue I have is with your pyramid comment. The defining aspect of a pyramid scheme is that to continue to succeed, it must continue to grow indefinitely. Once growth stops, the whole thing implodes. Bitcoin has growth, as do many things in their early stages but the test is whether it can continue to be successful once adoption tails off. It's my belief that there is no reason this should not be the case for Bitcoin. So not a pyramid, more like a house. Pyramid: http://www.k6-geometric-shapes.com/image-files/pyramid-base-triangle.jpgHouse: http://www-01.ibm.com/support/knowledgecenter/api/content/ssw_aix_53/com.ibm.aix.graPHIGS/doc/phigsund/figures/AFM24r02.jpgI assumed you would know this stuff. Hence the Jr comment. assuming that most of us didn't join the community ( join as invested in), do you think that Bitcoin would be successful and would get all the hype in the media ? for Bitcoin to succeed as a value transfer mechanism or a currency it has to do allot of things. for example: there is a theory about competing and efficiency, while I know and you know that Bitcoin can do somethings better than the old fashion banking system and the Fiat principals there is also a part of convincing people to adopt this technology, if you you wont make the difference so huge so people are convinced to jump in, then Bitcoin is simply in trouble, because the adoption rate will start descending and the usability of Bitcoin will also follow. |
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you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
Hey, Mmitech Jr: Get off your dad's account or you'll get in trouble. I will make sure he wont find about it no seriously, I might be a little harsh lately, but I wont take all the credits, people are getting more nervous and intolerant, the only time people are cheering here (bulls and bears) is when a bubble happens. so we need one ASAP. they like it when you say what they want to hear, even if you draw some nonsense lines on a chart ( as I was watching lately), but the moment you say anything they don't like ( and most of the time it is true) you become the asshole imbecile and the low life that no one want to hear. |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future). and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW. well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman. Just because there is a decent potential that Bitcoin could collapse at one day in the future does NOT cause bitcoin to be a pyramid scheme or early adopters to be suckers. There are a lot of potential scenarios for a bitcoin collapse and some of those scenarios involve a near immediate collapse, other scenarios involve a long and drawn out collapse and other scenarios involve a collapse that is hundreds of years in the future. In other words, your giving great weight to a potential and in your implied "inevitable collapse" of bitcoin does NOT provide sufficient specifics in order to denigrate it's current status to some sort of "scheme." I will argue that it wont be hundred of years, I dont know even if it will last 20 years before it collapses, there is many theories why it would happen, we've talked about it many times, the thing is I think the world in 10-20 years is not going to be the same as we see it today, I dont think the fiat systems will hold for long as well, but I am trying to figure out what the outcome will be... the wars that are happening now will have a huge impact on the picture of our lives in the next 20 years (if we will be safe to live that long), and I just dont see Bitcoin in the picture. |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future). and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW. well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman. Why have you become such a fucking asshole? Huh? You used to be a nice guy. Now you are just an asshole. I was you that made the decision to sell your BTC and go all in on LTC. Thats on you. Not anyone else. So, if you're going to be angry, be angry at yourself. Why are you even on here at all? Just to make others miserable? where did you get that from? I am not being an ass whole even to those who deserve it, and I've never blamed anyone for any decision I've made even when it turned out to the worst case scenario.... the other thing is what I wrote above is all true, people hate the truth, I wont be a pumper for any investment anymore, I will point out the truth (at least what I think is the truth) even if most people wont like it, I will be honest with my self and with others even if it hurts. Bullshit. You sold btc and bought ltc because you thought it would make you ALOT of money. Not because LTC is superior or isnt "pumped" or whatever. There was no moral or social reason you did that. You did it for profit. So stop criticizing people for cheerleading btc for profit. You are in a trading and speculation thread for Christ sakes. of course I did it for profit, why the fuck would I trade ? to lose money ? I am all about profit, I always say I trade only for profit and literately don't give a fuck which coin is.... so you must be getting it all wrong |
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where did you get that from? I am not being an ass whole even to those who deserve it
this made me luled. Round 10 is it?!   I didnt see that  nice catch |
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In other words, MMITECH does NOT know what the fuck he is talking about.... He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further. It is like he is saying "is" means "is" "and don't get me splain it more."  and you are butthurt about it wisdom talk from mmitech at Adam's wallobserver, this would make a good web series, but I am sure you would be the only reader. Edit: you wont be on my ignore list anymore, the price is kind of boring and wall observing is also getting boring, and I know you are a butthurt aggressive bastard, so I think we need your explosive attitude and wisdom toward me..... you know it is kind of fun. You will NOT last too long b/c you seem to be kind of an emotionally charged fellow... who runs off from time to time in drama. Well, there are a few drama queens in this thread, so you are NOT alone. Further, it seems that you cannot resist name-calling when you are at a loss for constructive commentary, but I wish you luck in working on these skills. I did expect you to do better than this, but it is ok for a start, keep'em coming |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future). and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW. well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman. Why have you become such a fucking asshole? Huh? You used to be a nice guy. Now you are just an asshole. I was you that made the decision to sell your BTC and go all in on LTC. Thats on you. Not anyone else. So, if you're going to be angry, be angry at yourself. Why are you even on here at all? Just to make others miserable? where did you get that from? I am not being an ass whole even to those who deserve it, and I've never blamed anyone for any decision I've made even when it turned out to the worst case scenario.... the other thing is what I wrote above is all true, people hate the truth, I wont be a pumper for any investment anymore, I will point out the truth (at least what I think is the truth) even if most people wont like it, I will be honest with my self and with others even if it hurts. |
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Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future). and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW. well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman. |
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In other words, MMITECH does NOT know what the fuck he is talking about.... He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further. It is like he is saying "is" means "is" "and don't get me splain it more." and you are butthurt about it wisdom talk from mmitech at Adam's wallobserver, this would make a good web series, but I am sure you would be the only reader. Edit: you wont be on my ignore list anymore, the price is kind of boring and wall observing is also getting boring, and I know you are a butthurt aggressive bastard, so I think we need your explosive attitude and wisdom toward me..... you know it is kind of fun. |
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Please don't insult my intelligence. I could debate this with you all day long, but I'm not going to because I don't want to junk up this thread with such nonsense. If stock markets or PM markets or bitcoin markets were considered pyramid schemes, they would be listed as examples on that wiki definition page. And they are not.
I see that you are intelligent yes....this is why you felt insulted.
Baseball cards, paintings, and antique cars fit that description.
maybe you meant Bitcoin it is not a ponzi ? |
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for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that (your) definition, so is the stock market. And the PM market. it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all. http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming? all of us, the Bitcoin community, you are higher in the scheme if you bought before me (or cheaper to be accurate). |
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for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that (your) definition, so is the stock market. And the PM market. it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. Anything related to money is a pyramid (by your definition atleast). I don't see how bitcoin would be any different It's not always neccessarily a bad thing though. I said it means exactly what it means, a pyramid, nothing more and nothing less, so please don't put words on my mouth. |
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for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that (your) definition, so is the stock market. And the PM market. it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all. http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above |
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for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that (your) definition, so is the stock market. And the PM market. it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. |
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Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.
supposedly it is not doing its "thing" now.   for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one. |
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