Some are, some aren't. I'm sure you can find some good people an reddit and zerohedge too. What's your point?

If you get suicidal at 850 after selling at 750... maybe trading isn't for you? I mean, here you didn't even lose any money -- you get suicidal because you didn't make any money.
What do you do when you actually lose money?
And by "lose," I mean lose more than ~15% of your stake, which is what we're talking about here?

While consumption tax works just fine with fiat (that's what sales tax is), consumption tax is not income tax. Which is what you would file tax returns for if you actually made any money, and what the grownups at IRS deal with when they come to work.
Since Common Body of Tax Law is somewhat more complicated than collecting flat consumption tax, replacing IRS with tx fees makes as much sense as replacing our transport infrastructure with a pogo stick.
I'm trying to use small words you may actually understand.


None of the above is relevant to either of the two points which I have raised. Even if it did make sense, which it doesn't.
All kidding aside, stop trying to sound all grown up, figure out what you're trying to say, and try to say it without using a bunch of buzzwords that you read on reddit/stormfront/zerohedge & liked the sound of. K?

While sounding smart to idiots, that acrually makes zero sense.
1.Any closed-loop system is recursive, pretty much by definition. A system without recursion, i.e. one in which the input state is fully independent of its output state, is called an open-loop system.
2. PoS coins are less centralized than Bitcoin, which is mined by a handful of guys in China.

Now, what were you trying to say? This time, say it in words you actually understand.

If you ever made enough money to file a tax return in your life, you'd understand why that also makes zero sense.

^^Cool chart, bro. Too bad it doesn't show the last few years -- ends in 2014.
But otherwise yeah, super convincing

Only one way to capitalize on being a shit trader: don't trade. Unless you plan on becoming a good trader & learning by trading.
Know just how you feel. Us mundanes get that sort of lucidity by cocktailing meth with its designer psychedelic cousins.

I see Jared just dropped a log on you.
Welcome to bitcoin!

^^Aout 1500 BTC needs to be bought on stamp to hit $700. Your internet is broken.

Gentlemen, it's starting to look like there's no bottom.
If any of you still have the strength to hodl, hodl me. Please. 650 just broke and I'm scairt.

It's a well-known fact that mass media is censorshipped by Saurian Jews shekels. Now tell me how that (manipulating the press?) wouldn't be possible with bitcoins (which they have been secretly accumulating, off-exchange and under the radar, to hoard it in a secret Jew cave that they built, probably back in the early 60s!)?
Regardless, all I'm telling you is the last time MY money was censor-shipped with Saurian OC was never.

P.S. Reptilian Jews are also easy to Google https://www.google.com/search?q=Saurian+Jews&ie=utf-8&oe=utf-8#newwindow=1&safe=off&q=reptilian+Jews

Last time my money was censorshipped was never is probably why
Post censored by censorship h80rs in 3 ... 2 ...

@yefi, you gotta accept your coin's dead. You are thinking of putting it up there. Don't deny the thought hadn't crossed your mind, yefi.
https://youtu.be/Oqu0ogtqlQs?t=77

Drugs is a good one.
Remittance is junk, because familia want folding money, not bits. Most pygmies not next to $tarbux, no free WiFi.
Remittance costs on the ground, not in the wire.
Pygmies a non-starter for Bitcoin, because just too expensive https://np.reddit.com/r/Bitcoin/comments/4qjqcd/costs_me_4_premium_to_pay_with_bitcoin_rather/

But seriously, including DNMs but excluding the other stuff I mentioned (also, don't include online gambling, if you're into that), how many times have you used BTC in, what, you were here for 3-4 years?

There is nothing you could do. Nothing.
But it's also not a pressing problem. Much like sending small sums of money, cheaply and quickly, to unbaked Bolivian pygmies has never really been a problem for me. Not until I learned how good bitcoin is at solving it.

You're not seriously worried about this, are you? How many times have you actually used BTC, if you exclude
-trading (this happens offchain)
-DNMs
-Novelty value
-show hapless friends/strangers insufficiently fleet of foot that our moon money really really works!

jk. Why would you need to seek recourse? Got your heart set on Sturm und Drang Lightning network?
But yeah, as a hodler, you could... I don't know. You could run a full node... ...nah, that wouldn't make any difference. I know, you could probably fly to Shanghai Hong Kong and lie like a rug.

That's what some people here seem to miss -- yeah, miners have invested oodles of money, but that investment is amortized in months, not even years!
It's not like the gear won't be worthless in a few months anyway, how can people miss this? Bah!

In that case, your opinion is not really your opinion, you're just parroting shit that others said, without attributing or having the capacity to verify its veracity?
This just keeps getting better


Lauda, I was the first one to say that the agreement was nothing but feel-good fluff.
Was ridiculed for that.
What you said about being "too dumb to comprehend something properly" tho? Should probably redirect it at the whole fucking Bitcoin community.
Won't be wrong, either.

No, increase in hash rate is a vote in your future. Many miners will go belly-up. Which? Will it be the ones mining with obsolete junk on the brink of profitability, or the ones who have the latest-greats-most-efficient gear?
Who could mine at a loss longer? It makes sense if it will bankrupt your competition. Who can afford to dump coins on the market and drive down prices?
You don't allow for the mindnumbing complexity of how this thing works.


Trust me, they're probably running fairly powerful market models, there are people who do this shit for a living. Not some bro doing back-of-the-Chinese-delivery-menu calculations. Whatever maximizes profit

Oh please. Tell me the miners believed they were signing an agreement with "individuals," tell me the press, this forum, r/bitcoin etc., celebrated the miners signing an agreement with "individuals." Show me how good you are at lying when it serves you.
 
If I made a statement along the lines of
...and I had exactly zero clout as a coder?
And then I refused to even tell you if I could even code?!

Yeah, my opinion wouldn't be worth dick. If I did that, anyone with a shred of sanity and/or common sense would be absolutely obligated to point fingers and laugh at me.
But not you, oooh no... You'd just take my word for it, right?
You want to buy a nice bridge in NYC, Lauda?

You are still missing the point. There is no one railroad that lead to "success." The towns that got passed by died, railroad towns bloomed.

Most miners are mercenary. They don't give a rat's ass about Bitcoin's "success" if, in the process of succeeding, it impoverishes them.
They want to make money, which is well and good. But miners making money is not synonymous with Bitcoin being successful. The would like Bitcoin to succeed only as long as it makes them money.

The rest of your arguments -- you not wanting to ride unsafe trains, etc., are neither here nor there. If the miners make more money when BTC crashes and burns (hypothetical, but I can offer actual scenarios), that's what they will choose. It may not be a good thing for you as a BTC hodler, but that's how the cookie crumbles.

Again, miners are not in it to help us build a Bitcoin utopia -- they're businessmen, doing it to make money. They are free to (and will) do what they feel maximizes their profits. They might make mistakes, but they are a big, moneyed motherfucking thing. Huge money!
They got creditors watching over them and expensive advisors on their staff, so don't go Dunning-Krugering by thinking you know what's best for them.