Fakhoury (OP)
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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August 24, 2015, 07:45:02 PM |
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I appreciate to be a fool than to be blind-guided and taking an economist as my prophet/God. I'm sorry pal, I'm not a sheep.
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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August 24, 2015, 08:12:56 PM Last edit: August 24, 2015, 08:41:47 PM by hdbuck |
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thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
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brg444
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August 24, 2015, 08:41:26 PM |
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thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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techgeek
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August 24, 2015, 08:46:50 PM |
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despite those awesome words from warren buffet.
didnt he also say he doesnt believe in bitcoins or something lol. Or he just doesnt invest in something he doesnt understand, which is why he stated "he doesnt believe in bitcoin".
regardless of which, I think bitcoin is here to stay.
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dothebeats
Legendary
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Activity: 3766
Merit: 1354
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August 24, 2015, 08:52:18 PM |
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I'm still a man after all. Been buying some bitcoins every week for almost a year now regardless of price. But pardon me if I sold something during $300 these past few weeks to buy more of these cheap coins today.
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TuLines
Newbie
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Activity: 30
Merit: 0
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August 24, 2015, 09:04:55 PM |
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Yes.
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Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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August 24, 2015, 09:10:34 PM |
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thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
Well said Sir, +100000
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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techgeek
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August 24, 2015, 09:19:34 PM |
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thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
Well said Sir, +100000 But we already seen "large volume transaction", unless you are referring to even greater ones then the gambling transactions. The level we see is most are used for gambling so unless the other volume is used for actual commerce then thats a different hurdle.
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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August 24, 2015, 09:36:50 PM Last edit: August 24, 2015, 09:51:07 PM by hdbuck |
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thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
Well said Sir, +100000 But we already seen "large volume transaction", unless you are referring to even greater ones then the gambling transactions. The level we see is most are used for gambling so unless the other volume is used for actual commerce then thats a different hurdle. we saw spam attacks: https://blockchain.info/charts/n-transactionsim not arguing about patches, bug fix, or next gen, 2nd/3rd/etc layers solutions, which will come, in due time and with fair testing. point is you have to let bitcoin as pure and and its core as untouchable as possible. not like the current financial system, with its terrible foundations. because thats where the value lies. edit: and also you have to let the fee market develop, as it is the future incentive for miners to secure the system. so utlimately, blocks should legitimately be approaching fullness.
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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August 24, 2015, 09:45:43 PM |
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Blocks should be ten times as big as they need to be on average. Why would anyone with serious money invest if there is doubt that the blockchain can handle the load mere years into the future?
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Look inside yourself, and you will see that you are the bubble.
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lissandra
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August 24, 2015, 10:04:06 PM |
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Blocks should be ten times as big as they need to be on average. Why would anyone with serious money invest if there is doubt that the blockchain can handle the load mere years into the future?
I dont know thats a good question, why would anyone with serious money invest. Well they can be like crap, I have a ton of money I might as well see how well this goes scenario. Or you got the investor who sees the value and doesnt care for the price and see where it can go.
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luciann
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August 24, 2015, 10:46:05 PM |
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I guess I`m not real men, since I didnt sell at that price. I think I`ll settle for $100, if it goes to the new low. But I doubt this would happen since most see it recover after the xt comments.
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wannaPlayCK
Newbie
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Activity: 7
Merit: 0
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September 04, 2015, 05:31:37 AM |
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You know Buffet's opinion on BTC, right? He's pretty fearful, right? Talk of mirages and what not? Hmmmmmmmm..................
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suda123
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September 04, 2015, 08:41:11 AM |
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aw dang
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Monopoly
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September 04, 2015, 09:05:14 AM |
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What the f*** are wrong with you all, did you forgot about the past, I wasn't here around 2013 but I learned from history, stop the drama and MAN UP, EVERYTHING WILL BE FINE SOON, BITCOIN WILL NOT DIE.
Warren buffet has a negative and radical opinion on BTc ........
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LMGTFY
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September 04, 2015, 09:10:41 AM |
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What the f*** are wrong with you all, did you forgot about the past, I wasn't here around 2013 but I learned from history, stop the drama and MAN UP, EVERYTHING WILL BE FINE SOON, BITCOIN WILL NOT DIE.
Warren buffet has a negative and radical opinion on BTc ........ I'm familiar with the negative opinion (I think it makes sense for Buffett, Berkshire Hathaway and BH investors - though obviously I disagree), but what's the radical opinion Buffett holds on BTC? The mirage trope?
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This space intentionally left blank.
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maartenhaha
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September 04, 2015, 04:07:32 PM |
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well iv everyone keeps treating it like stock cattle those coins will die off, use it to pay servises, groseries, gas, petrol or whatever you all call it, hey talk to your owner if he knows bitcoin and if you can pay your rent with, USE IT, TALK about it if you own a buisness, talk with your clients about bitcoin ( i do and with somewhat growing succes )
if it stays stock it will just go up and down .. up ... down .... up... down.... will a steady flow of useage not stabelize its price? maybe go up because it's used more and more and people will need more coins to use, making the price go up?
why not?
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lablazz
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Activity: 1
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September 04, 2015, 09:49:01 PM |
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I'm sorry pal, I'm not a sheep.
Of course you're a sheep, Sheep. 99+% of this forum is [mostly shorn, some w/missing limbs] sheeps, duped by a few [unscrupulous] wolves into thinking that they're ...what did the nice wolves tell you you are again? Disruptive unicorns? Anyhow, why else would Little Bo Peep be for you, hmm? Denying your sheephood just makes you a wayward, cerebrally-challenged sheep. Now I promised Miss Peep that you'll be back shortly, don't make a liar out of me (& a tasty wolf snack out of yourself)!
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paulron
Newbie
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Activity: 1
Merit: 0
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September 04, 2015, 10:16:12 PM |
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I'm sorry pal, I'm not a sheep.
Of course you're a sheep, Sheep. 99+% of this forum is [mostly shorn, some w/missing limbs] sheeps, duped by a few [unscrupulous] wolves into thinking that they're ...what did the nice wolves tell you you are again? Disruptive unicorns? Anyhow, why else would Little Bo Peep be for you, hmm? Denying your sheephood just makes you a wayward, cerebrally-challenged sheep. Now I promised Miss Peep that you'll be back shortly, don't make a liar out of me (& a tasty wolf snack out of yourself)! The tragical bit is how these sheeples turned on their own kind, corralling their fellow cattle into the chute of doom... And for what? The privilege of masticating the barely-digestible sinnew and marrowless bones left behing by satieted wolves
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